Experienced Guidance Through Short Sales
Are you having trouble making your mortgage payments? For many people facing financial problems, selling your home may provide you with the debt relief you need to lower your expenses. However, sometimes this may not go as planned, especially when offers on your home may be lower than the total amount you own on your mortgage. A short sale may be the right financial solution for you.
If you believe a short sale may be the answer, contact me today. I can help you look at various options available to address unmanageable mortgage debt. My firm provides personal individualized attention and well-informed legal help for people facing financial crises and seeking debt relief. Arrange a free consultation by calling me at +1-203-556-9709 or contacting me online.
What Is A Short Sale?
A short sale, simply put, is when the bank allows you to sell your home for less than what you owe on your mortgage. For example, if you decide to sell your home, but the offers you receive are lower than what you owe the bank, the bank may agree to accept the less amount. However, it is very important to know how the bank will treat the deficiency (the difference between what the house sells for and what you owe on your mortgage).
How Does A Short Sale Work?
In considering whether to approve the sale or not, your lender will require you to submit paperwork demonstrating your financial hardship, as well as other financial documents concerning your home. I have a dedicated short sale team that works diligently to get your lender to recognize your hardship and let you out of the mortgage, under the most favorable terms possible.
What Are The Benefits Of A Short Sale?
Short sales can be a solution to unmanageable mortgage debt. While selling a home in such circumstances may not be ideal, some benefits include:
- Staying in your home until the short sale is completed
- Potentially having the bank forgive your deficiency
- Possibly being in better shape to apply for a mortgage or buy a home in the future by not having a foreclosure on your credit
Remote Assistance — Working With A Lawyer You Can Trust
Do not let distance stop you from finding a financial solution. Law Offices of Jennifer LaRese, LLC assists clients all over the country and internationally, as well as with Connecticut property. We can work remotely via phone, email, fax and Skype/What’s App. Contact our office today to schedule a free consultation!
My firm is a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code