WHAT IS A SHORT SALE?
Often, homeowners and lenders want to avoid foreclosure. Foreclosure comes with additional fees and costs for the lender, and a credit hit for the homeowner. A short sale can be used to avoid foreclosure or can be utilized when the home is listed for sale, but the sale price is less than the amount owed on the home loan.
DO YOU NEED AN ATTORNEY FOR SHORT SALES?
An attorney can be beneficial to a homeowner during a short sale because they represent the homeowner’s interests, ensure the lender requirements are followed and pursue the best legal outcome for the situation. An attorney experienced in shorts sales will work with your real estate agent and the lender to protect your rights and help ensure a successful short sale.
HOW JACOVINO LAW CAN HELP
Jacovino Law has represented many clients suffering financial hardship and seeking to avoid the stressful and financially damaging process of foreclosure. We help guide clients through the short sale process, including helping to determine if a short sale is the best course of action for their situation.