Our Attorneys Will Assist You Through The Short Sale Process
If you answered yes, a short sale may be a good option for you. A short sale is the sale of real property in which the seller’s mortgage lender agrees to accept a payoff that is less than the balance due on the loan. Typically, a homeowner would perform a short sale on their home in order to avoid the foreclosure process. Short sales may be beneficial to all parties involved, as the seller is relieved of a home they can no longer afford and the lender avoids a lengthy and costly foreclosure process. The lender and the homeowner must come to an agreement regarding holding a short sale on the home. Ultimately, the lender must allow the short sale to occur. Short sales normally result in a significantly discounted purchase price for the new buyer of the home. The homeowner may also receive relocation fees from the lender as well, as part of the short sale process.
What Atlantis Law Firm Will Do For You
If you decide to perform a short sale of your home, Atlantis Law will assist you with negotiating with your lender and filing the necessary legal documents. Depending on who the lender is, a variety of documents will need to be drafted and signed with the lender, and our attorneys will take care of all of this. That way, you can focus on selling your home and finding another place to live. We work closely with experienced short sale real estate agents who we can refer you to as well. Speak with Atlantis Law Firm to see if a short sale is a good option for you.