If your home is worth less than you owe your mortgage company, a ‘short sale’ might be the answer to your problems. When working with Real Estate Legal Services you will benefit from a network of professionals who specialize in short sales and loan modifications and helping you get a fresh start financially.
Anyone who has tried to initiate a short sale will quickly find that it is a tedious and confusing process. Banks require in excess of 70 pages of paperwork to even begin considering your home for a short sale. If that doesn’t make a short sale hard enough, try calling your mortgagor to get some answers about distress relief. All you have to do is imagine three months at the DMV to grasp the bureaucratic complexities of big banks.
A short sale professional can provide tremendous aid and peace of mind to a homeowner in a distressed property. Moreover, some non-attorneys may work hard to acquire an equal knowledge of real estate law to that of a real estate attorney, but you simply cannot isolate real estate issues away from all areas of the law! Almost as important to a short selling seller as a negotiator knowledgeable in real estate law is an advisor who understands contract law, bankruptcy law, creditor’s rights and the Fair Debt Collection Practices Act, administrative law and how to deal with governmental bureaucracy in such places as the VA, FHA, FNMA, FDMC, etc.., landlord – tenant law, constitutional law, foreclosure law, and a host of other areas of the law.
Anytime someone considers hiring an attorney, fees are a major concern. However, Real Estate Legal Services is compensated by the banks to facilitate successful short sales on the homeowner’s behalf! For a price that most attorneys would charge for one or two hours of their services, you can have representation for the entire short sale process (an average of 3.5 months). Real Estate Legal Services will walk the homeowner from start to finish; we’ll even conduct the short sale closing for no cost to our clients. There’s really no excuse not to consult a professional regarding the short sale of your distressed property.