Short Sales

Once notorious for their difficulties, short sales are becoming a more common solution. Recent legislation has made it more difficult to process foreclosures, yet many banks still find that they have a backlog of homes. Unable to clear the backlog through traditional foreclosure, many may be more open to short sales. These factors can empower you.

If you're at risk of default, a short sale, where the lender agrees to sell a property for less than the mortgage balance, may be worth considering. Legislation now protects sellers from lien holders, making this option more viable than ever.

Often referred to as pre-foreclosures, short sales have begun to outnumber foreclosure sales nationally. Loan servicers have more incentive to accommodate these sales and banks have sped up their processing time.

Short sales will always be more complicated than traditional home sales. A Foreclosure Defense LLC. short sale attorney can help guide you through the process. We'll outline your tax obligations and the impacts on your credit. We'll help you understand the lenders' responsibilities. And we'll defend your rights before and after the sale.