A short sale is a sale in which a property sells for less than the aggregate amount of the monetary liens upon the property. Our attorneys regularly obtain lien-holder approval of short sales. Often times we are able to obtain releases of personal liability and even cash to the seller for relocation assistance.
BANKRUPTCY
If advantageous to you, we can also represent you in a personal or business bankruptcy. Short sale negotiation may be continued in a bankruptcy. However, it is also possible to strip liens and second mortgages in certain types of bankruptcies, which could allow you to keep your property.
A loan modification is a process by which we work with your lender to change the terms of the loan in a way that relieves pressure and allows you to keep your property. Our office has negotiated hundreds of loan modifications.
If you intend to retain your property, contact our office so that we can guide you through the process to and assist you in the fulfillment of your goals.
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