If you owe more on your Kings County mortgage than the house is worth, Tony's short-sale process gets the lender to accept Tony's cash offer as full satisfaction. You walk away with no continuing debt. No deficiency. No long-term credit damage from foreclosure.
Being underwater on a house is one of the most demoralizing financial situations a homeowner can face. You're working to keep paying for something that's worth less than what you owe. Walking away feels like surrender, but staying feels like throwing money into a hole. A short sale is the cleanest exit — and Tony has done dozens of them across NJ and NY.
Owe more than your Bedford-Stuyvesant, New York house is worth? Tony does short sales. Tony's title company negotiates with your lender to accept Tony's cash offer as full payoff of the mortgage. You walk away with no continuing debt and minimal credit damage.
The kind of row house property Tony has bought in Bedford-Stuyvesant.
Kings County (Brooklyn) is brownstones, multi-families, and pre-war apartment stock. Bedford-Stuyvesant, Crown Heights, Flatbush, Bushwick, East New York all have heavy inherited-property volume.
NYC property taxes use Class 1 (1-3 family) assessment that lags market value significantly. Effective rates vary by class but typically 0.8-1.5%.
§·· / Schedule
Tell Tony where the house is and what shape it's in. Get a cash number on the same call. Pick a closing date.
7 days a week, 8 AM to 9 PM Eastern.
Tony's short-sale process for Bedford-Stuyvesant owners requires hardship documentation — usually proof of why you can't keep paying (job loss, medical expenses, divorce, death in family, relocation hardship). Most lenders don't require you to be late on payments to approve a short sale. Earlier is better.
Bed-Stuy has one of the largest intact collections of 1880s–1910s brownstones and limestones in the country — three- and four-story rows on the side streets between Fulton Street and Broadway, most configured as two- and three-family houses. Ocean Hill and the blocks near Broadway shift to brick rows and frame houses, with NYCHA's Marcy, Tompkins, and Sumner Houses nearby. A large share of these houses have been in one family since the 1950s–70s, which is exactly the stock Tony buys.
Bed-Stuy is where Tony sees the most inherited brownstones with too many heirs and too little agreement. Grandma bought in 1968, the deed is still in her name, and the estate has been sitting in Kings County Surrogate's Court while cousins argue. Others are landlords worn down by a tenant who stopped paying, an HPD lead-paint order, or a DOB stop-work order on a botched renovation. Deed theft is a real problem here — Bed-Stuy owners have had houses stolen with forged signatures — so Tony closes only through a licensed title company with your own attorney at the table, never with a paper signed on the porch. He gives one number on the phone and closes on your date.
A Bed-Stuy seller pays the NYC Real Property Transfer Tax (1% or 1.425% above $500,000) and the 0.4% state tax; Tony builds them into his net offer. Pre-1960 buildings with a child under six in a rental unit fall under NYC's Local Law 1 lead-paint rules, which a bank buyer's lender would flag — Tony pays cash, so nothing has to be abated before closing. If the deed is still in a deceased parent's name, the title company needs letters from Surrogate's Court, and Tony will sign the contract while you wait for them.
Every cash buyer, Tony included, starts from the same three numbers: what the house would sell for fully renovated, what it costs to get it there, and how long that takes. The offer is that finished value minus the repairs, minus the buyer's resale costs and margin. In practice that lands most cash offers somewhere around 70–85% of the renovated value, less repairs. The honest comparison is not against a renovated house's list price — it is against what you would actually net from a NY listing after commission, repairs, and months of carrying costs.
| Line item | List with an agent | Sell to Tony |
|---|---|---|
| What the house would sell for fully renovated | $400,000 | $400,000 |
| Repairs a retail buyer's lender will demand | − $45,000 | Tony's problem |
| Agent commission (5–6%) | − $20,000 to $24,000 | $0 |
| Inspection credits, seller closing costs, concessions | − $8,000 to $12,000 | $0 |
| Taxes, insurance, mortgage, utilities while you wait (3–6 months) | − $9,000 to $15,000 | $0 |
| Time to cash in hand | 4 to 7 months | 7 to 14 days |
| What you actually walk away with | ≈ $305,000 to $318,000 | Tony's number, in full, on your date |
Whether Tony's number beats that listing net depends on the house. On a move-in-ready home in a hot NYmarket it usually will not, and Tony will tell you to list. On a house that needs work, has tenants, sits in an estate, or carries violations — the houses retail buyers cannot finance — it is often close, and the seven-day timeline is the difference. Call 1-908-768-4759, get the number, and compare it yourself.
Buying since 2018· every county in New Jersey and New York · no commissions or fees · every closing at a licensed NY title company.
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Drop your number and Tony reaches out about your Bedford-Stuyvesant property within an hour.
Most do, especially when there's hardship documentation and a cash buyer ready to close. Tony's title company has worked with dozens of NJ and NY lenders and knows what each requires.
60-90 days from offer to closing. The lender's review takes most of the time. Tony's part — the offer, the title work, the closing itself — moves fast.
The short-sale agreement typically includes a deficiency waiver, meaning the lender can't pursue you for the gap between what you owed and what they accepted. This is the single biggest difference vs. foreclosure.
Most lenders don't require it. Hardship documentation (job loss, medical, divorce, death) is usually enough. Earlier is better — you're in a stronger position if you haven't yet missed payments.
Less than foreclosure. Short sales typically drop credit 50-150 points and clear in 2-3 years. Foreclosure drops credit 200-400 points and stays 7 years. Major difference for getting another mortgage later.
Yes — ZIP codes 11216, 11221, and 11233, from Classon Avenue to Broadway and from Flushing Avenue down to Atlantic. Landmarked brownstones in Stuyvesant Heights, frame houses in Ocean Hill, three-families near Tompkins Avenue, and everything in between. Landmark status doesn't change his offer; it just means his contractor pulls Landmarks permits for the facade later.
Talk to a lawyer first, and Tony will say the same on the phone. If a forged deed was recorded, it has to be cleared through the courts or the DA before anyone can buy. Once title is clean, Tony buys — through a title company that verifies every signature and pays you by wire at closing. He never buys off a document signed at your kitchen table.
Tony can sign a contract with the executor or administrator as soon as Kings County Surrogate's Court issues letters, and he'll wait for the estate to clear title with no deadline pressure. If letters haven't been issued yet, his attorney can point you to what the court needs. The offer stays the same whether the process takes six weeks or six months.
Yes. Open HPD violations, DOB violations, ECB (OATH) penalties, and stop-work orders all transfer with the building and become Tony's problem after closing. Outstanding penalties that are actual liens get paid from the proceeds at the table. You don't need to hire an expediter or a contractor to sell.
Stop bleeding money on a Bedford-Stuyvesant house worth less than the mortgage. 1-908-768-4759.
§·· / Schedule
Tell Tony where the house is and what shape it's in. Get a cash number on the same call. Pick a closing date.
7 days a week, 8 AM to 9 PM Eastern.
Different situation? Tony also handles these Bedford-Stuyvesant cases:
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