Short Sales:
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A short sale is the process by which a mortgage lender agrees to sell a property for less than the original loan amount. Unlike foreclosures, a lender does not force a short sale. Instead, the lender and homeowner sell a property at an agreed price. |
Short sales release homeowners from their mortgage obligations in a manner which avoids foreclosure proceedings and reduces impact to the homeowner's credit.
Our attorneys evaluate each homeowner's mortgage situation and develop a personalized approach to the situation.
We provide the following services:
- Conduct a detailed evaluation of your particular situation during the application process, and assist you in gathering all information required for your case.
- Perform a comparative market analysis to determine the approximate fair market value of your property in the current market and determine what, if any amount of deficiency would remain upon completion of the short sale.
- Contract a realtor in your area and submit your property for listing immediately.
- Manage offers between the homeowner, real estate agent, and lender.
- Handle all negotiations and documentation with your lender(s) to obtain approval for the short sale and options for minimizing residual deficiency liability.
- Provide title insurance for your short sale and conduct closing.
