Short Sale Attorneys
When you need short sale real estate help, a licensed attorney will offer you the best protection. If time is of the essence you will need the best help that you can possibly find as quickly as you can find it. A short sale attorney will give you the advice and legal protection that you need to make this process go as smoothly as possible.
Short sale real estate transactions happen when a homeowner is unable to sell their home for the price that they still owe on their mortgage. This is very common now since property values have dropped significantly due to the recession.
These homeowners find themselves in a financial mess and they must sell their home in order to avoid foreclosure. Many of them have lost their jobs or became ill. A number of unfortunate circumstances have forced homeowners into financial duress and left them unable to make their monthly mortgage payments.
Mortgage lenders contributed to these unfortunate circumstances by giving out loans for large amounts of money in which homeowners were paying interest only for the first few years. Many of these homeowners needed to sell their home for one reason or another and realized that their property value had decreased and that they would be unable to cover their outstanding mortgage with the sale of their home.
A short sale real estate deal will be the last option for many of these homeowners before they lose their homes to foreclosures. Foreclosure proceedings are long and tedious and will severely impact your credit.
If you are in this unfortunate predicament, a short sale attorney can provide you with the assistance that you need during this difficult time.
Your short sale attorney will be able to negotiate with your lien holders in order reduce the amount of money that you owe. These negotiations should be handled by an experienced attorney so that the outcome will be as favorable as possible.
In addition to helping you negotiate with your mortgage lender, a short sale attorney will also be able to help you with obtaining tax protection for the amount of money that you are forgiven for any debt.
Short sale real estate transactions happen when a homeowner is unable to sell their home for the price that they still owe on their mortgage. This is very common now since property values have dropped significantly due to the recession.
These homeowners find themselves in a financial mess and they must sell their home in order to avoid foreclosure. Many of them have lost their jobs or became ill. A number of unfortunate circumstances have forced homeowners into financial duress and left them unable to make their monthly mortgage payments.
Mortgage lenders contributed to these unfortunate circumstances by giving out loans for large amounts of money in which homeowners were paying interest only for the first few years. Many of these homeowners needed to sell their home for one reason or another and realized that their property value had decreased and that they would be unable to cover their outstanding mortgage with the sale of their home.
A short sale real estate deal will be the last option for many of these homeowners before they lose their homes to foreclosures. Foreclosure proceedings are long and tedious and will severely impact your credit.
If you are in this unfortunate predicament, a short sale attorney can provide you with the assistance that you need during this difficult time.
Your short sale attorney will be able to negotiate with your lien holders in order reduce the amount of money that you owe. These negotiations should be handled by an experienced attorney so that the outcome will be as favorable as possible.
In addition to helping you negotiate with your mortgage lender, a short sale attorney will also be able to help you with obtaining tax protection for the amount of money that you are forgiven for any debt.
About the Author:
Learn more about short sale real estate. Peruse Max Buchanan's blogs where you can find out all about the market and when to use a short sale attorney and what they can do for you.