Short Sales Lawyer in Fort Lauderdale & Miami
Trusted Foreclosure Defense Attorneys on Your Side
A short sale is when the bank agrees to take an amount less than what is
owed on a sale of the property. What seems like a straightforward process,
however, is anything but, especially when there are realtors or other
mortgage brokers involved that are only concerned with their commissions
and looking out for their own best interests.
Unfortunately homeowners and investors are frequently led to believe that
they don't need an attorney to do a short sale, even though the legal
contracts they are being asked to sign are often not in their best interest.
Like any other legal contract, a Fort Lauderdale short sale attorney who
is experienced in handling short sale transactions must carefully review
a short sale document to ensure that the homeowner's rights are not
Contact our Fort Lauderdale short sale attorney today for assistance handling your case.
Importance of Having a Lawyer Help with Your Short Sale
Here is a common situation that happens way too often at Loan Lawyers:
A client comes to our office with a collection letter stating that they
owe $100,000 or other large sum of money and they have no idea what it
could be for, since they don't owe anyone that much money. The first
question we ask them is if they have ever done a short sale on their home
or investment property.
When the anticipated response is of course yes, we explain to them that
the short sale is the reason they are being sued for such a large sum
of money. Yet when we explain this, they are often confused and tell us
that the bank or realtor promised them they wouldn't have any further
obligations under the mortgage.
That may be true, but what homeowners or investors frequently fail to realize
is that they also must be fully released from all financial obligations
under the Promissory Note. The result is that these deficiency amounts
of the loan that the consumer thinks the bank is waiving for them then
get sold off on the secondary market often resulting in future debt collections
and lawsuits against the unsuspecting homeowners.
Loan Lawyers: Serving Homeowners in South Florida
In addition to making sure that our clients' rights are protected during
the short sale process and in the future, Loan Lawyers has been successful
in aggressively negotiating and advocating for our clients by ensuring
that the maximum amount of loan balance reductions are achieved. Our Fort
Lauderdale foreclosure lawyers work with you in order to help you reach
a favorable outcome.
Before you speak to the bank or a realtor about the possibility of doing
a short sale on your property,
contact Loan Lawyers today at (844) FIGHT-13 (344-4813) for a
free consultation to find out how we can help negotiate your loan balance and protect your
rights. We serve clients in Fort Lauderdale & Miami!