Listen first
We begin with your story, your goals, the notices and deadlines you are facing, and whether keeping the home is your priority.
Pre-foreclosure support
Before we talk about selling, let’s see if you can keep your home.
You deserve clear answers, not pressure. I start by listening to your situation and understanding what you want. Together, we build a plan around your goal and explore whether a loan modification, forbearance, or another option with your lender could genuinely help you retain the property. A short sale is considered only when keeping the home is not a workable path, with avoiding foreclosure as the priority.
A private, no-pressure conversation for homeowners across New York City, Long Island, and Westchester.
There may still be a path forward.
We start with realistic ways to retain the home. Selling is not the starting point.
Before you hire anyone
Five red flags that should make you pause.
Pressure and big promises can put your home, money, and credit at risk. Knowledge is your best protection, and the right professional should always work in your best interest.
01
They tell you to stop paying your mortgage.Never make that decision casually or without understanding the consequences.
02
They ask for money upfront.New York law prohibits advance fees for many loan-modification services.
03
They want to collect your mortgage payment.Never send it anywhere other than your lender or loan servicer unless you have verified the arrangement with your lender.
04
They ask you to transfer your deed.Do not sign over ownership without independent legal advice and a full understanding of the consequences.
05
They are negotiating your short sale while trying to buy your home.That creates a conflict of interest. Your representative should be working for your best interests, not their own.
A plan built around your goal, not a sale
The first conversation is about understanding what happened, what you want, and what the lender may realistically allow. The work begins with home-retention options. A short sale comes later only if those options do not offer a sustainable way forward.
Understand the full picture
Review the mortgage status, hardship, property condition, known liens, important dates, and the facts that may shape your options.
Explore retaining the home
Look first at whether a loan modification, forbearance, or another lender-approved option could offer a genuine and sustainable path to keep the property.
Build a practical plan
Organize the next steps around your goal, timeline, lender requirements, and the legal or financial professionals your situation may require.
Consider a short sale only if needed
If retaining the home is not workable, review whether a properly managed short sale could help resolve the property before foreclosure.
Work to avoid foreclosure
If a short sale is chosen, coordinate the pricing, marketing, buyer, lender review, attorneys, approvals, and closing without promising an outcome the lender controls.
If keeping the home is not workable
Then we consider a short sale.
A short sale is a property sale in which the lender or servicer agrees to consider accepting sale proceeds that are less than the total amount owed. The homeowner does not simply decide the reduced payoff. The lender must review the file and approve the terms before the sale can close.
It can be a useful alternative in some situations, but it is not automatic and it is not right for everyone.
Experience. Relationships. Results.
Why homeowners choose Chimeodo
Distressed-property work calls for experience, patience, and complete honesty. My role is to explain the options clearly, coordinate the moving parts, and protect your best interest without pressure or hidden motives.
Licensed and experienced
As a licensed Associate Broker, I personally negotiate short-sale files for my clients.
More than 20 years of experience
I have successfully negotiated short sales since 2004 and know how to work with the lienholder.
Complete distressed-servicing experience
I work across REO sales, short sales, deed in lieu, deed in lieu plus, and mortgage-note sales.
Certified distressed-servicing agent
My nationally recognized default-servicing certifications reflect ongoing professional training.
Strong professional relationships
Longstanding relationships with servicers and investors help me coordinate complex files effectively.
Complete transparency
You receive full disclosures, honest advice, and consistent updates, with no surprises or hidden fees.
Member of the local MLS
Active local MLS membership gives your home professional exposure and more buyer options.
Local market knowledge
I know the neighborhoods across Queens, Long Island, and Brooklyn and understand the details that shape a sale.
Current REO agent
I understand how foreclosure sales work and what banks look for when reviewing a property and offer.
Proven short-sale experience
Years of hands-on negotiation experience guide how I prepare, present, and follow through on each file.
You do not have to face this alone. You will receive honest guidance, clear communication, and someone committed to your best interest at every step.
A useful first conversation
Bring what you have. We can start there.
You do not need a perfect file before reaching out. These items simply help make the first review more productive.
Property address and occupancy status
Recent mortgage statement
Foreclosure or court notices received
Information about known liens
Property condition and repair needs
Important dates or deadlines
Start the conversation
Tell me a little about your situation.
Share the basics below so I can understand the property, the liens involved, and the best place to begin. Brief remarks are optional.
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Straight answers
Common questions
Every property and loan is different. These general answers are a starting point, not a substitute for reviewing your specific file.
Does a short sale stop foreclosure automatically?
No. Listing a property or submitting a short sale package does not automatically stop a foreclosure process or sale date. Your attorney and servicer should confirm the current status and any available relief.
Can you guarantee the lender will approve it?
No. The lender or servicer controls approval. A strong, organized submission can help the review, but no broker can guarantee acceptance, timing, or final terms.
Will I still owe money after closing?
That depends on the approval terms, the loans and liens involved, and applicable law. The written approval should be reviewed carefully with your attorney, and tax questions should be discussed with a qualified tax professional.
Do I need an attorney?
New York real estate transactions customarily involve attorneys, and foreclosure creates additional legal issues. I handle the real estate side and coordinate closely with the professionals you choose; I do not provide legal or tax advice.
Let’s start with your goal, not a sales pitch.
Call or email Chimeodo Uche, Associate Broker at ERA Top Service Realty, Inc., for a private pre-foreclosure conversation. We will first look at whether there is a realistic path to retain the property, then discuss the next best step if there is not.
Information on this page is general and is not legal, tax, credit, or financial advice. Short sale and foreclosure matters vary by loan, lender, property, and individual circumstances. Consult the appropriate licensed professionals about your situation.