LAW OFFICES OF JOHN MANGELLI
This should be construed as Attorney Advertising
Click Here>John Mangelli For Senate in New York
Call Us Toll Free at (866) 520-3058 or email to info@johnnythelawyer.com
 
 

There are options available to you.  Know what they are before you decide what to do.  Get all the facts from a knowledgable trustworthy attorney who offers a price and service guarantee.  


 

New York Service Areas:  Queens, Brooklyn, & Long Island

Florida Sevice Areas:
By appointment only

Affiliated Attorneys:
Michigan & Throughout the Country


  

General Litigation:

24-Hour Direct Access
Hours of Operation:
Monday-Sunday, 9 a.m.-10 p.m.
Available 24/7 by Cell Phone

Membership:
NYBA< NCBA< SCBA

Our Locations:

Appointments available

• Atlantic Beach
• Baldwin
• Baldwin Harbor
• Barnum Island
• Bay Park
• Bellerose
• Bellerose Terrace
• Bellmore
• Cedarhurst
• East Atlantic Beach
• East Garden City
• East Meadow
• East Rockaway
• Elmont
• Floral Park
• Franklin Square
• Freeport
• Garden City
• Garden City South
• Harbor Isle
• Hempstead
• Hewlett
• Hewlett Bay Park
• Hewlett Harbor
• Hewlett Neck
• Inwood
• Island Park
• Jones Beach
• Lakeview
• Lawrence
• Levittown
• Lido Beach
• Long Beach
• Lynbrook
• Malverne
• Malverne Park Oaks
• Merrick
• North Bellmore
• North Lynbrook
• North Merrick
• North Valley Stream
• North Wantagh
• Oceanside
• Point Lookout
• Rockville Centre
• Roosevelt
• Salisbury
• Seaford
• South Floral Park
• South Hempstead
• South Valley Stream
• Stewart Manor
• Uniondale
• Valley Stream
• Wantagh
• West Hempstead
• Woodmere
• Woodsburgh
• North Hempstead
• Albertson
• Baxter Estates
• Carle Place
• East Hills
• East Williston
• Flower Hill
• Garden City Park
• Great Neck
• Great Neck Estates
• Great Neck Gardens
• Great Neck Plaza
• Greenvale
• Harbor Hills
• Herricks
• Kensington
• Kings Point
• Lake Success
• Manhasset
• Manhasset Hills
• Manorhaven
• Mineola
• Munsey Park
• New Cassel
• New Hyde Park
• North Hills
• North New Hyde Park
• Old Westbury
• Plandome
• Plandome Heights
• Plandome Manor
• Port Washington
• Port Washington North
• Roslyn
• Roslyn Estates
• Roslyn Harbor
• Roslyn Heights
• Russell Gardens
• Saddle Rock
• Saddle Rock Estates
• Sands Point
• Searingtown
• Thomaston
• University Gardens
• Westbury
• Williston Park
• Oyster Bay Town
• Bayville
• Bethpage
• Brookville
• Centre Island
• Cove Neck
• East Norwich
• Glen Cove
• Glen Head
• Glenwood Landing
• Hicksville
• Jericho
• Lattingtown
• Laurel Hollow
• Locust Valley
• Matinecock
• Mill Neck
• Muttontown
• Old Bethpage
• Old Brookville
• Oyster Bay
• Oyster Bay Cove
• Plainview
• Sea Cliff
• Syosset
• Upper Brookville
• Woodbury
• South Oyster Bay
• East Massapequa
• Farmingdale
• Guggenheim Pond
• Massapequa
• Massapequa Park
• North Massapequa
• Plainedge
• South Farmingdale


Click Here
To View Maps To Our Office Locations

 

 

For More Contact Information Click Here

Email:
info@johnnythelawyer.com

STOP
FORECLOSURE!

There are several benefits to filing bankruptcy verses trying to consolidate the debt through a company.  First is, if you qualify you will be debt free....

>> Read More

Debt Free

 

 

 

 

 

New York and Florida Short Sale Attorney |

Debt Consolidation Suffolk County

 

A short sale in real estate is not optimal for a homeowner.  The proceeds from the sale of your house belong to the bank in order to satisfy your debt, leaving you with no profit from your investment. Many short sales leave a deficiency balance for which you're responsible. This transaction is contingent upon the sale of your home to someone who is not your alter ego.  Unfortunately, you can not receive any money and it is usually performed in short period of time.  With a NY or Florida short sale, you not only lose ownership of your home, but you run the risk of ruining your credit.

Though this may be a viable choice in your situation, it is my least favorite option.  The homeowner is the only one who loses. The real estate broker retains their profit and fees and the purchaser benefits from your hardship. 

Be careful, as short sales in Florida and New York are where most of the mortgage fraud happens today.  The buyer will purchase your home at a discount and pay your bank with funds from someone who is buying in the next room for hundreds of thousands of dollars more. If they promise you money under the table, that is fraud.  You don't want to be part of that.  

Alternatives to Short Sale in New York or Florida

A better option would be a deed in lieu of foreclosure, if that can be negotiated, which allows the borrower to convey, or transfer, all interest in real property to the bank in order to satisfy the defaulted loan and avoid the foreclosure process.  This is far better for both the borrower and the lender than a short sale.  The borrower is not only released from the debt, but it is less damaging to their credit.  For the lender, this process is less time-consuming and less expensive. 

We can help you make decisions about what to do with your home when you find you can't make your mortgage payments.  If you are thinking about a short sale in Florida or New York, we can discuss the details with you so you fully understand the ramifications of this decision.

Debt consolidation and bad credit debt refinancing in Suffolk is a good start to keeping your home instead of losing it to foreclosure or short sale. Let's talk about all of your options while there is still time to save your home. Call us today!


 
 
 
 
 
 

Representing Sellers and buyers in residential and business sales since 1996.