Plattsburgh, NY asked in Foreclosure and Real Estate Law for New York

Q: My home is in foreclosure process, but title has not been given over to the lender by the court. Am I able to sell.

I may need to sell for less than what the bank has as payoff amount.

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2 Lawyer Answers
Michael David Siegel
Michael David Siegel
Answered
  • Foreclosure Defense Lawyer
  • New York, NY
  • Licensed in New York

A: What you want to do is a short sale. The bank needs to approve it. Likely not worth your time or money.

Carl Nelson
Carl Nelson
Answered
  • Foreclosure Defense Lawyer
  • Rye Brook, NY

A: Yes you can sell whether there is equity or not. Banks will sometimes offer cash incentives either in a short sale or for a “cash for keys” deal. I recommend you speak to an attorney to review your options before listing.

David H. Relkin agrees with this answer

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