If you’re searching for short sale agents Long Island who understand the nuances of Nassau and Suffolk counties—and you want professional guidance from someone grounded in New York, New York—Daniel S. Colomban at Skyler Realty LLC is an experienced resource you can trust. Short sales require specialized strategy, disciplined negotiation, and intimate knowledge of local market forces. From coastal flood zones in Long Beach and Freeport to septic inspections in Suffolk towns like Huntington, Islip, and Brookhaven, the Long Island landscape presents unique hurdles that a seasoned short sale professional anticipates and navigates.
This comprehensive guide explains the short sale process in New York, the local factors that matter on Long Island, and how Daniel and the team at Skyler Realty LLC help homeowners, buyers, and investors achieve smoother, more predictable outcomes.
A short sale happens when a homeowner sells a property for less than the outstanding mortgage balance, with the lender agreeing to accept the sale proceeds as full or negotiated partial satisfaction of the debt. It’s a dignified alternative to foreclosure and can minimize long-term credit damage, reduce stress, and help homeowners move forward sooner.
On Long Island, short sales are particularly relevant due to: - High carrying costs: Property taxes and insurance—in some cases, flood insurance—can strain budgets, especially in waterfront or low-lying South Shore communities. - Post-storm and coastal realities: Areas like Long Beach, Lindenhurst, and Massapequa may require flood elevations and insurance considerations that affect marketability and pricing. - Village-by-village approvals: In Nassau County, various incorporated villages (e.g., Garden City, Rockville Centre) may have specific permit and certificate of occupancy requirements that surface during the short sale process.
Because of these factors, local knowledge is essential. Effective short sale agents Long Island must know how to price correctly, package hardship and financial documents for lenders, anticipate title and lien issues, and keep all parties moving in the same direction.
While each case is unique, Daniel S. Colomban at Skyler Realty LLC follows a proven, transparent framework that respects lender protocols and New York legal standards:
Identify all mortgages, HELOCs, judgments, HOA/condo dues, tax arrears, and any UCC filings (e.g., solar panel leases).
Document Preparation
Property details: Utilities, permits, open violations, and known repair needs.
Strategic Pricing and Listing
Market to a broad buyer pool, including owner-occupants and investors, while highlighting challenges upfront to reduce contract fall-through.
Offer Management and Submission to Lender
Submit a complete short sale package to the lender to minimize back-and-forth delays.
Bank Valuation and Negotiation
Daniel negotiates based on real market feedback, repair estimates, and local comps from neighborhoods like Mineola, Levittown, Hicksville, Smithtown, and Patchogue.
Junior Liens, HOA, and Title Clearance
Work closely with experienced New York attorneys and title professionals to resolve issues common in Long Island transactions.
Approval Letter and Closing
Timeframe: Typical lender responses can take 60–120 days. Complex files with multiple liens may take longer. Staying organized and responsive is crucial.
Note: Short sales can have legal and tax implications (including potential 1099-C considerations). Homeowners should consult a New York attorney and tax professional for personalized guidance.
Working with short sale agents Long Island who are active in New York, New York and deeply familiar with Nassau and Suffolk gives you a competitive advantage. Daniel S. Colomban’s approach stands out for:
Skyler Realty LLC is a boutique brokerage with the agility to problem-solve quickly, adapt strategy, and provide personalized attention that large, generalized firms often struggle to deliver.
Always review the specifics of any lender approval with your attorney before signing.
Competing for a short sale on Long Island requires strength and patience:
Daniel actively communicates with buyers’ agents to set expectations and keeps files organized so lenders are more likely to move promptly.
Higher Taxes: Budget planning often needs to account for higher property taxes.
Suffolk County
Daniel’s local insight equips sellers to set the right expectations and equips buyers to craft strong offers that banks are more likely to accept.
Many files resolve in 60–120 days after submission, but multiple liens, HOA arrears, or complex title issues can extend timelines. Clean, complete files submitted up front help avoid delays.
Will I owe money after the short sale?
This depends on lender approval language. Some approvals waive deficiencies; others do not. Daniel prioritizes negotiating favorable terms, and you should review all approvals with your attorney.
Can I live in the home during the process?
Yes. Most sellers remain in the property through closing, which helps with maintenance and showings.
What if I have a second mortgage, judgment, or HOA lien?
Short sales often involve negotiating with junior lienholders. Early identification and realistic settlement planning are crucial.
Are condos and co-ops different?
Yes. Condo associations can have significant arrears policies, and co-ops add board approval timelines. Daniel coordinates all parties to minimize surprises.
Will a short sale ruin my credit?
Choosing short sale agents Long Island with true local expertise and New York, New York professional polish can be the difference between months of frustration and a timely resolution. Daniel S. Colomban’s method is built around:
Whether you’re in Hempstead or Huntington, Valley Stream or Smithtown, Long Beach or Patchogue, Daniel’s grounded approach helps protect your time, your options, and your peace of mind.
Ready to talk about your situation? Reach out to Daniel S. Colomban at Skyler Realty LLC to schedule a confidential consultation. If you’re evaluating short sale agents Long Island, start with a conversation that maps your options clearly—and puts you back in control of your next move.
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