Short Sale Attorney
Foreclosure Lawyer
Foreclosure Sales/Short Sales
The recession of the last two years has put millions of people out of work. Making mortgage payments can become impossible if you lose your job, suffer a serious illness, experience divorce, or other financial loss. The real estate bust has, in turn, reduced our home values. Many homes are "under water," with market values below the amount owed on the home loan. There are various possible outcomes in these situations.
Mortgage Foreclosure Sales
If you miss multiple mortgage payments, your lender may decide to foreclose on your home loan. The mortgage agreement you signed gave the lender a lien on the property – if you default on the mortgage, they can take your property. The lender files documents in court and if you are found in default by the court, a date will be set for the foreclosure sale. Not only do you lose your home, you may pay heavy fees, and will still owe the total amount of the loan. Your credit score will also suffer. Finally, the sale will be a potentially embarrassing public auction.
Short Sales
The circumstances that brought you here may have been out of your control. A short sale gives you at least some control in the loss of your home. The bank or lender may also have limited options – would they be able to sell your home if they foreclosed? Could they get enough for it to make up for their loss? If the bank is willing to cooperate with you and allow a short sale, you may both be better off.
If you sell your house for less than you owe on the loan, you are spared some of the fees and other consequences of a foreclosure sale, and the bank is relieved of the need to find a buyer. You may still owe the deficiency, but you avoid the stigma of losing your home to foreclosure, and your credit score will not be damaged as much.
Put your burden in our hands. We offer high-quality legal representation at a price that makes sense. We are compassionate, understanding people. And if you want to avoid foreclosure, we charge a low, flat fee of $999 for nine months of foreclosure representation. We offer a flat rate for Chapter 7 bankruptcy assistance also.
