In today’s volatile housing market, many
homeowners are unable to sell their home at a sale price sufficient to pay
off their mortgage. Through skilled negotiations, we will work with the lenders
to get the sale price you need to sell your home. We can negotiate with your
lender when you are in default, foreclosure or even if you are current on your
mortgage but your house is worth less than you owe to the bank.
A short sale is an agreement between a mortgage lender and the homeowner that
allows your property to be sold for less than your mortgage amount. A short sale
will allow you to finally get out from under the debt of a home that you can not
afford anymore or that has lost value. You may also qualify under the Mortgage
Forgiveness Debt Relief Act of 2007 to be exempt from taxation on the realized
income from that short sale. Let our firm negotiate your short sale with all of
your best interests in mind.
Many of the banks would prefer to “short sale” the property rather than to
foreclose so that they may offset the costs involved in foreclosure, such as the
legal fees, carrying costs, eviction, etc. However, there is a maze of legal
issues for you to get around that without our skilled guidance, can lead you
astray. Call now for an immediate free consultation and let us relieve the
financial pressure that your home may be encumbering you with.
