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NY Short Sale Affidavit free printable template

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New York Short Sale Affidavit STATE OF NEW YORK)) SS.: COUNTY OF)Title No. Relating to a certain real estate purchase contract dated for property located at (the Mortgaged Premises), under which the
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How to fill out NY Short Sale Affidavit

01
Obtain the NY Short Sale Affidavit form from your lender or online resources.
02
Read the instructions carefully to understand the requirements.
03
Fill in your personal information, including your name, address, and contact details in the designated sections.
04
Provide the property details, such as the address and legal description of the property being sold.
05
Indicate the reason for the short sale, clearly explaining your financial situation.
06
Complete any financial disclosures required, including income, assets, debts, and expenses.
07
Review the completed form for accuracy and ensure all sections are filled out.
08
Sign and date the affidavit at the end of the document as required.

Who needs NY Short Sale Affidavit?

01
Homeowners looking to sell their property for less than the outstanding mortgage amount.
02
Borrowers who are facing financial hardship and need to seek a short sale option.
03
Real estate agents and attorneys assisting clients in the short sale process.
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The NY Short Sale Affidavit is a legal document used in New York real estate transactions to confirm that the seller is in financial distress and is seeking to sell the property for less than the outstanding mortgage balance.
The seller of the property is required to file the NY Short Sale Affidavit as part of the process to obtain lender approval for a short sale.
To fill out the NY Short Sale Affidavit, the seller must provide information about their financial situation, the property, the mortgage, and details regarding the short sale process. It is advisable to seek legal assistance to ensure all information is accurate and complete.
The purpose of the NY Short Sale Affidavit is to document the seller's financial hardship and to provide the lender with the necessary information to evaluate the short sale request.
The NY Short Sale Affidavit must report information including the seller's income, expenses, assets, liabilities, details about the property and mortgage, and any other relevant financial information pertaining to the short sale.
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