Dedicated Short Sale Attorneys in Miami
In the current Florida housing market, many people hear the term short sale or even look at these properties when trying to purchase a home, but they do not understand what a short sale is. A short sale occurs when someone owes more on his or her home than it is worth, which also known as being underwater on your mortgage, and are no longer able to maintain the mortgage payments. The bank may then agree to accept an amount short of the balance due on the mortgage, thus allowing the owner to sell the home to a new owner who can afford to make payments.
In certain situations, short sales are a viable solution that can help avoid foreclosure. Although the amount of the loan does not change, the bank is now willing to accept less than the balance owed in return for allowing the home to be sold. It takes an experienced attorney to analyze whether a short sale is in the best interest for a homeowner and to steer through the complex procedures successfully in order for a bank to accept a short sale petition.
At The Law Offices of Patrick L. Cordero, PA Attorneys at Law, we can help you explore your options if you can no longer afford the payments on your mortgage. We can help you fight foreclosure or stop a foreclosure by pursuing a short sale, based on what will put you on a path to a better emotional and financial future. We will carefully listen to your concerns and explain all of your options fully, so you can make an informed decision.
If you need help, start seeking answers from experienced Miami short sale attorneys today. Understand your rights, and contact us at 305-445-4855 to schedule a free consultation.
In order to have a short sale accepted, we will help you prove the following:
- You are no longer able to make the mortgage payments.
- You must have a hardship, such as an illness in the family, a job loss or other serious situation that affects your finances.
- You must prove the current value of the home is substantially less that the balance owed.
- The bank or lender agrees to accept a sale price that is less than what you owe.
- You must have a qualified buyer offer to purchase the property.
- The bank or lender must accept the buyer’s offer.
There are tax implications and the possibility of a deficiency balance to a lender, which we can help you understand, negotiate and handle. We can also help you explore if filing for bankruptcy will help your housing situation. Personal, detailed services of our lawyers have helped thousands of people from all walks of life and income brackets and now we are ready to help you.
Fort Lauderdale Stop Foreclosure Attorneys
Contact our office today at 305-445-4855 to schedule an appointment for a free evaluation and put yourself on a path to a better financial tomorrow. We also assist Spanish-speaking clients.
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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.