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Information on Short Sales

A short sale is when a mortgage company or lender allows a home to be sold for less than the value of the mortgage. Generally, it is believed by homeowners in this situation that a short sale will discharge them of responsibility for the mortgage debt, including the portion that the short sale does not cover. However, if you do not have an experienced attorney helping you negotiate your short sale, you may come to find that you are still required to pay off the remainder of the mortgage after selling your home. If you are considering a short sale of your home, our firm can help you with your short sale negotiations and make sure you are getting the best deal possible.

Realtors and Homeowners Need an Attorney for Short Sale

As a Realtor, the DRE, MLS boards and National Brokerages advise that you hire an attorney to help with negotiations. A short sale is a complex process, and it must be done in a way to ensure that all parties are satisfied. As the Realtor involved, it is not your job to run negotiations between the homeowner and lender; that is an attorney's job. The attorney at the firm has the experience needed in short sale negotiations, so that you can go back to doing your job, selling the house.

Serving Southern California for Over Two Decades

Whether you are a homeowner, attempting to avoid foreclosure, or a Realtor listing a short sale home, the attorneys at Price Law Group can help you through this difficult process. One thing all parties can agree on, is that time is of the essence. You need to act quickly if you want a lender to agree to a short sale. With over 20 years of experience in financial law including bankruptcy, loan modifications, and tax resolution, and the short sale attorney help a short sale go smoothly and quickly, making sure that all loose ends are tied up.

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