Stuart Short Sale Lawyer
What is a short sale?
A short sale is when a homeowner and lender enter into an agreement to sell a home for less than the amount owed to the lender. The money from the sale is turned over to the lender, and in most cases the debt that the homeowner owed on the house is considered to be satisfied in full. However, there are certain situations in which the homeowner may still be liable for a portion of the remaining debt. A talented Stuart lawyer from Crary Buchanan can help individuals who are faced with the option of short sale to ensure that no legal complications arise.
Short sales have become widely popular in recent years because of a decline in the housing marking and national economy. This alternative to foreclosure differs from a regular home sale because you and your lawyer will negotiate how much you will owe the bank after the closing. Our team of bankruptcy attorneys is highly skilled in this negotiation and will take care to address all of the necessary aspects, such as second mortgages, before coming to an agreement with the bank.
Stuart Short Sale Attorney – Helping You Avoid Foreclosure
In most cases, a short sale is less detrimental to your credit than foreclosure. The impact that a short sale will have on your credit score depends on how behind you are on your mortgage payments. By working with an attorney from our firm, you can delay the foreclosure process and remain in your home while you decide if a short sale is the best option for you and your family. This can save you thousands of dollars.
Established in 1927, our distinguished firm has been helping individuals and families throughout Florida’s Treasure Coast for over 85 years. We have gained an in-depth understanding of foreclosure and short sales over the years, and we are always prepared to counsel you on the best solution for your future.
Contact a Stuart short sale lawyer at Crary Buchanan today!