You do not have to be buried under your mortgage anymore……
A Short Sale Can Save Your Credit and Stop Foreclosure!
A short sale or short payoff occurs when a lender agrees to accept less than the outstanding loan amount to satisfy the seller’s loan. A short sale allows both the lender and the distressed property owner to avoid foreclosure by selling the property at a loss. Combined with the weak real estate market the following are common situations facing distressed sellers:
- Declining real estate values;
- Unexpected health issues resulting in difficulty making mortgage payments;
- Lending rate increases on adjustable rate loans;
- Divorce;
- Over-extended borrower with multiple mortgages;
- Job loss or transfer;
Our goal is to protect our clients while guiding them through their real estate transactions. We offer affordable rates and a friendly atmosphere call today to schedule a no obligations consultation with one of our attorneys 702-216-1011.
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STOP FORECLOSURE TODAY!
If you are behind on payments and underwater on your mortgage, there is hope. Short sale is a method of selling your home for less than the amount owed and lienholders excepting the lower amount as paid in full.
Attempting to negotiate a short sale does not guarantee success. If you work with a knowledgable attorney, you can raise your chance of success. Our attorneys can negotiate with your creditors and lienholders to ensure a smooth short sale process.
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FREQUENTLY ASKED QUESTIONS
Q: Who qualifies for a loan modification?
A: Any property owner who owes more on the mortgage than the appraised value of the property
Q: Why will it work for me?
A: A Short sale often is a preferred alternative to foreclosure to banks and lenders due to lower fees and carried interest. However, by working with a legal professional, property owners can improve their chances of acceptance and mitigate negative credit impact.
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