Will my lender approve a short sale on my Yonkers house?
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.
Short Sale on Your Yonkers, NY House — Walk Away Clean
If you owe more on your Westchester 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.
Tony has closed dozens of Westchester County short sales across the housing crash, the Sandy aftermath, and the recent rate-driven equity erosion. Lenders typically prefer short sales to foreclosure because Tony's cash close is faster and more certain.
- Lender accepts Tony's cash offer as full satisfaction of the mortgage
- Deficiency typically waived — lender can't come after you later
- Credit damage 50-150 points vs. 200-400 from foreclosure
- Buy another house in 2-3 years vs. 7+ after foreclosure
- Tony's title company handles all lender negotiation
- 60-90 day close — faster than waiting for foreclosure
The kind of two family property Tony has bought in Yonkers.
Westchester County Market Context
Westchester County is a wealthy suburb of NYC: Yonkers, Mount Vernon, New Rochelle, White Plains, Scarsdale, Bronxville. Older multi-family stock and inherited estates are common.
Westchester County has among the highest property taxes in the country, often 2.0-3.0% on high-value properties.
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Short Sale in Yonkers — Call Tony Now
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.
How Short Sale Works in Yonkers
Here's how a Westchester County short sale works with Tony. Tony makes a cash offer. You sign a short-sale package authorizing Tony's title company to negotiate with your lender on your behalf. The lender reviews, approves the lower payoff, and the closing happens 60-90 days out. At closing, the lender accepts Tony's payment as full satisfaction; you have no remaining mortgage obligation.
Sections of Yonkers Tony Buys In
Yonkers has multi-families, walk-ups, and detached homes across every section. Tony buys inherited estates, tenant-occupied properties, and tired-landlord rentals. Southwest Yonkers — Getty Square, Nodine Hill, Park Hill, Ludlow — is 1900–1930 frame two- and three-families and five- and six-story pre-war walk-ups; east of the Saw Mill it turns to 1920s–50s Tudors, colonials, and capes in Crestwood, Colonial Heights, and Bryn Mawr, plus large co-op complexes and garden apartments along Central Park Avenue.
- Getty Square
- Park Hill
- Nodine Hill
- Crestwood
- Bryn Mawr
- Lincoln Park
- Ludlow
- Colonial Heights
Selling a House in Yonkers: What Tony Already Knows
Yonkers sellers who call Tony split by side of the city. In southwest Yonkers it's small landlords done with a three-family on Nodine Hill — a tenant in Housing Court, a city code-enforcement order, and a boiler that won't make another winter — or heirs to a frame house on Park Hill that's been in the family since 1960. East of the Saw Mill it's adult children clearing out a parent's Crestwood colonial that hasn't been touched since 1975, or a co-op on Central Park Avenue the board keeps holding up. Tony buys the three-family occupied, the colonial full of belongings, and the co-op after board approval — one number on the phone, closing on your date.
- Yonkers ZIP codes Tony buys in
- 10701, 10703, 10704, 10705, 10707, 10708, 10710
- Streets & landmarks Tony has bought near
- Getty Square · Cross County Center · Central Park Avenue · Untermyer Park and Gardens · Empire City Casino · Hudson River Museum · Tibbetts Brook Park · St. John's Riverside Hospital · Van der Donck Park
- Getting around Yonkers
- Metro-North Hudson Line at Yonkers, Glenwood, Greystone, and Ludlow; Harlem Line at Crestwood; Bee-Line buses from Getty Square; the Saw Mill River Parkway, Sprain Brook Parkway, Bronx River Parkway, Cross County Parkway, I-87 (Thruway), Central Park Avenue (Route 100), and Broadway (Route 9).
What a Yonkers closing actually involves
Yonkers has its own city transfer tax of 1.5%, paid by the seller on top of the 0.4% New York State transfer tax — Tony nets both into his offer, so there's no surprise at the table. Closings use attorneys on both sides and record with the Westchester County Clerk in White Plains; estates go through Westchester Surrogate's Court, also in White Plains. Yonkers co-ops need board approval, and multi-families of six or more units may fall under Emergency Tenant Protection Act rent stabilization, which transfers with the building.
How a Cash Offer on a Yonkers House Is Actually Built
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.
Contact
Don't Want to Call Yet? Tony Will Call You.
Drop your number and Tony reaches out about your Yonkers property within an hour.
Questions From Yonkers Sellers
How long does a Yonkers short sale take?
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.
Will the bank come after me for the difference after a short sale?
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.
Do I have to be behind on payments to do a Yonkers short sale?
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.
Will a short sale wreck my credit?
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.
Does Tony buy in southwest Yonkers as well as Crestwood and the east side?
Yes — all of Yonkers, ZIPs 10701 through 10710. Frame two- and three-families in Getty Square, Nodine Hill, Park Hill, and Ludlow; walk-ups on Warburton Avenue; Tudors and colonials in Crestwood, Colonial Heights, and Bryn Mawr; and co-ops and condos along Central Park Avenue. One call with the address gets you a number.
Who pays the Yonkers city transfer tax when I sell to Tony?
By custom the seller pays it — 1.5% of the price — along with the 0.4% state transfer tax. Tony accounts for both when he quotes your number, so the figure he gives you on the phone is what you should expect to net at closing, with no commission and no closing costs deducted on top.
My Yonkers three-family has a city code-enforcement order and a tenant who won't pay. Will Tony buy it?
Yes, occupied and with the order open. Yonkers Housing and Buildings violations transfer to Tony at closing, and so does the Housing Court case. You don't need to make the repairs or finish the eviction first. Tell him the unit count, who's paying what, and what the city cited, and he'll give you one number.
Will Tony buy my co-op apartment on Central Park Avenue in Yonkers?
Yes. Tony buys co-ops in the big Yonkers complexes and submits the board package himself. Board approval adds a few weeks, and some buildings limit investor purchases — he'll check the house rules and tell you on the phone whether he can be the buyer. Condos and houses have no board and close faster.
Underwater in Yonkers? Tony does short sales. Call 1-908-768-4759. Walk away clean.
§·· / Schedule
Get a cash offer right now.
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.
Other Ways to Sell in Yonkers
Different situation? Tony also handles these Yonkers cases:
- We Buy HousesWe Buy Houses in Yonkers, NY for Cash — Any Condition
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- Sell As-IsSell Your Yonkers, NY House As-Is — No Repairs, No Cleaning
- Sell Without a RealtorSell Your Yonkers, NY House Without a Realtor — No Commissio
- Sell an Inherited HouseSell an Inherited House Nobody Wants in Yonkers, NY — Cash,
- Stop ForeclosureStop Foreclosure on Your Yonkers, NY House — Cash, Walk Away
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- Probate Property SaleProbate Property Sale in Yonkers, NY — Cash, Attorney-Friend
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- Sell My Rental PropertyTired of Being a Landlord in Yonkers, NY? Sell Your Rental f
- Sell a Fire-Damaged HouseSell a Fire-Damaged House in Yonkers, NY — Cash, As-Is, No R
- Sell a Vacant PropertySell a Vacant Property in Yonkers, NY — Stop the Carrying Co
- Senior DownsizingSenior Downsizing in Yonkers, NY — Sell Your House to Tony f
- Divorce House SaleDivorce House Sale in Yonkers, NY — Cash, Fast, Court-Friend
- Behind on Property TaxesBehind on Property Taxes in Yonkers, NY? Tony Pays the Taxes
- House with Code ViolationsHouse with Code Violations in Yonkers, NY? Tony Buys It As-I
- Relocating for a JobRelocating from Yonkers, NY? Sell Your House Fast for Cash
- Sell a Water-Damaged HouseSell a Water-Damaged House in Yonkers, NY — Cash, As-Is, No
- Sell a House with MoldSell a House with Mold in Yonkers, NY — Cash, No Remediation
- Sell from Out of StateOut-of-State Owner Selling in Yonkers, NY? Tony Closes Remot
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