What if I'm behind on my mortgage or facing foreclosure?
Written and reviewed by Andrew Ragusa, Licensed Real Estate Broker and Broker of Record, REMI Realty LLC — 11+ years of transactions across Long Island, Brooklyn and Queens.
The short answer
The first question is how much time is left, and whether the property has been scheduled for auction. That date decides whether a normal sale is still possible.
If an auction is scheduled, the next step is a foreclosure attorney. The attorney decides whether a short sale is still available, or whether another option, including bankruptcy, applies. I do not give that advice. If the attorney and the seller decide a sale is still possible, I get a buyer under contract with proof of funds so the attorney can take that to the foreclosing bank.
In Central Islip, the owner hired me on August 5, 2026. I started a title search and found a buyer. The auction date was not in that search. On the morning of August 14, I found the Notice of Sale in the court record. The auction was at 1:00 that afternoon. Attorneys were working on the contract. There was not enough time. The house sold at auction. Finding a buyer was not the missing piece. Time was.