29 Years of Legal Excellence
17 YEARS of REAL ESTATE EXPERTISE
Specializing in Legal Solutions for Distressed property Sales
Fast & Low Commissions Guaranteed
What Is a Distressed Sale and
How Does It Work?
In life, unexpected challenges can arise, altering our plans in unforeseen ways.
When things don’t work out the way you had hoped, you could face an unexpected home sale.
A distressed property sale is one where the owner is facing difficulties in keeping up with mortgage payments, often due to unforeseen circumstances such as, death in the family, a divorce, or because of job loss or other financial hardship. These situations can add significant stress and complexity to the selling process.
At Canale Realty LLC, we understand how tough it can be to sell distressed properties, especially during challenging times. Our team is here to give you steady support and compassionate guidance every step of the way. With years of experience in this field, we know the ins and outs of distressed property sales, including the sensitive issues and legal details involved.
From your first meeting with us to the final sale, our goal is to provide unwavering help and expertise. We value your privacy and confidentiality, making sure you feel comfortable and empowered to make the best decisions for your property.
What to Do if You Can’t Make Your
Home Payments
Facing challenges in making your home payments can be overwhelming, especially when unexpected life events such as divorce, loss, or job instability add to the stress. In such difficult times, the landscape of rules and regulations governing property ownership can change rapidly, leaving you feeling uncertain about how to navigate your situation. You might find yourself fielding collection calls or facing the looming threat of foreclosure.
If you're in this situation, reaching out to us as soon as possible is crucial. Our consultations are entirely confidential, providing you with a safe space to discuss your concerns and explore potential solutions tailored to your unique circumstances.
In addition to seeking professional guidance, there are several important things to keep in mind:
DON'T disregard any notices or correspondence you receive regarding your mortgage—it's essential to take them seriously and address them promptly.
DON'T trust individuals or companies offering assistance in exchange for payment. Unfortunately, numerous scams and unscrupulous entities prey on vulnerable homeowners in distress.
DON'T waste valuable time and energy navigating complex phone systems with your lender. Instead, let our experienced team handle communication and negotiation on your behalf, relieving you of unnecessary stress and uncertainty.
At Canale Realty LLC, we're here to provide compassionate support and expert guidance every step of the way. Don't hesitate to reach out—we're here to help you navigate through these challenging times with confidence and peace of mind.
What Types of Distressed property Can Canale Realty LLC help With?
FORECLOSURE
Foreclosure is a legal process initiated by a lender to recover a loan balance from a borrower who has ceased making mortgage payments.
Canale Realty LLC specializes in providing strategic alternatives to foreclosure, offering solutions that may include loan modifications, which involve adjusting the terms of the loan to make payments more manageable for the borrower.
Additionally, Canale Realty LLC explores options such as short sales, where the property is sold for less than the outstanding mortgage balance, and Deed in Lieu arrangements, where the borrower voluntarily transfers the property to the lender to satisfy the debt. With a focus on preventing the negative consequences of foreclosure, Canale Realty LLC employs a detailed approach to find tailored solutions that address the unique circumstances of each client.
SHORT SALE
A short sale occurs when a homeowner owes the lender more than the current value of the house. It's a process that assists the homeowner in obtaining the lender's permission to sell the home for a lesser amount, with the deficiency that the homeowner may owe after the sale being forgiven. It's important to note that in a short sale, the lender decides the sale price they will accept, not the homeowner.
Expired Listing
When a homeowner contracts with an agent to sell a home, the listing agreement has a set expiration date. A listing expires when this expiration date has passed without the property being sold, and without the homeowner renewing the listing contract with the real estate agent.
How CANALE REALTY LLC Can Help
Sell Your Home
OUR 10 STEP SELLING SYSTEM
let's talk
Schedule an appointment with us in person or virtually, at a time and date that suits you. When you meet our agents, expect a refreshing approach focused on understanding your needs. Our goal is simple: to tailor our services to suit your unique requirements and guide you through the process of selling your home seamlessly.
Your home inspection report
At no cost to the homeowner, we conduct a preliminary inspection report. The report provides insight on what can be expected from the buyer's inspection report which is normally used by buyers to negotiate the sale price down. This report provides the homeowner the opportunity to head off any issues.
home promotion
We build anticipation by promoting the upcoming sale through a range of channels, including social media platforms, direct mail, and targeted text messages sent to both potential buyers and fellow real estate professionals. This comprehensive approach ensures maximum visibility and engagement, setting the stage for a successful sale.
Showcase
We enlist the expertise of a skilled photographer to capture stunning images for the marketing of your home. When needed, we also may include 3D walk-through, floor plan or drone video that offer potential buyers an immersive experience, allowing them to envision themselves in the space before they even step through the door.
open house
We show the property extensively, scheduling a minimum of three (3) open houses, if necessary to. We also make sure all buyer are prequalified
preliminary title search
We initiate a preliminary title search. Title issues are a primary cause for contract cancellations. Leveraging the expertise of our broker, a seasoned real estate attorney with 29 years of experience, we proactively obtain the title, allowing any potential issues to be resolved well before the closing date.
the offer stage
We meticulously screen all offers to ensure that prospective buyers are financially qualified and possess the necessary funds for purchasing the property. Additionally, we conduct thorough checks to verify that they have no history of bankruptcies or foreclosures, minimizing the risk of their lender rejecting the loan application.
contract signing
We make sure the contracts are signed and executed by both sides as soon as possible.
processing
Once the contract is in place, we maintain proactive engagement to ensure our client's interests are prioritized by both the buyers' and sellers' attorneys, facilitating swift processing and execution.
WE CLOSE THE DEAL!
HOW WE PRICE YOUR PROPERTY
Review home sales within the past three (3) months in your neighborhood which contain the following:
✅ Home of similar size
✅Home within ½ mile of property in question
✅Home of similar condition
Review current home sales within your neighborhood which contain the following:
✅Home of similar size
✅Home within ½ mile of property in question
✅Home of similar condition
Review current listings in your neighborhood which contain the following:
✅Home of similar size
✅Home within ½ mile of property in question
✅Home of similar condition
Prepare a comparable report to review with the homeowner and create a list price.
WHAT WE DO ONCE OFFER IS ACCEPTED
1. Schedule inspection if requested by the buyer.
2. Follow up with the homeowner’s attorney to make sure contracts are sent out.
3. Follow up with buyer’s attorney to make sure buyer signs contract.
4. Follow up with seller’s attorney to make sure seller signs contract.
5. Obtain a copy of the contract of sale.
6. Follow up in 30 days to ensure the buyer is working on the mortgage and has ordered the title report.
7. Obtain a copy of the title report and advise the seller of any issues.
8. Follow up in 45 days to ensure the buyer has obtained mortgage commitment.
9. Schedule a walk-through of the property prior to closing.
10. Attend closing.
ABOUT CANALE REALTY LLC
Canale Realty was founded in 2007 by attorney Anadel Canale, who wanted to change the concept of traditional real estate sales following the crash of the housing market in 2007. Anadel is committed to assisting homeowners with the sale of their properties with non-traditional,
high-pressured sales tactics.
This is how Canale Realty differs from the rest:
(1) It has been in business for 17 years and is operated by an attorney with 29 years of experience in real estate.
(2) We offer an exclusive 10 day selling system which includes professional photographs, property inspection and premarketing campaign.
(3) We are the only office with the N.Y.S. trademark 3/3/3 listing program which includes 3.33% listing commission, 3 month listing contract and 3 open houses.
(4) Lastly and more importantly, you are not passed off to an assistant, but the seller works directly with the broker, Anadel Canale. We want our sellers to make the most money they can, and we want our buyers to reach the American dream of homeownership.
Need Legal Assistance Beyond Selling Your Home?
Our law firm has been helping homeowners navigate financial hardships for over the years.
Whether you’re facing foreclosure, bankruptcy, or collections, we’re here to protect your home and your peace of mind.
PROPERTIES SOLD
WHAT OUR VALUED CLIENTS HAVE TO SAY
Get in Touch & Let’s Get Started
For immediate assistance,
516-980-4039
Schedule Your Appointment Today!
AREAS WE COVER
🗺️1805 5th Avenue
Bay Shore, NY 11706
📞516-980-4039
Hours of Operation
Monday-Friday 9:00am – 5:00pm
Saturday 10:00am - 3:00pm
Sunday: Closed
🗺️962 Rockaway Avenue
Valley Stream, NY 11561
📞516-980-4039
Hours of Operation
Monday-Friday 9:00am – 5:00pm
Saturday 10:00am - 3:00pm
Sunday: Closed
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