When a homeowner is faced with the possibility of foreclosure, it can be a very stressful and confusing time. Knowing what to do next can be confusing. You may have tried to refinance without success, or sought help from government programs. Eventually it may be time to move on and sell the property, but your mortgage is far higher than the current market value. This is when a short sale could be the best solution. A short sale is the process of selling a home for less than what is owed to the bank or other lender. Many banks and lenders can be convinced to accept the proceeds from a short sale, as it is often considerably less time-consuming, and far more cost-effective than having to go through the process of foreclosure.

Once a lender or bank has accepted the funds from a short sale, the individual no longer owns the home, nor is he or she legally responsible for any remaining amount owed on the mortgage – when it is done correctly. This can be very beneficial, as it not only relieves you of your financial obligation, but a short sale will not impact your credit report like a foreclosure or bankruptcy is bound to do.

If you have fallen behind on your mortgage payments, or your bank has initiated foreclosure proceedings, we strongly advise you contact our firm and schedule to meet with an experienced short sale lawyer to discuss your situation immediately. In some urgent cases, it may be too late to initiate a short sale, and we could help you with another solution. In many cases, a short sale is the best possible solution to an underwater mortgage, and our firm can manage the process, and assist you with short sale negotiations.

If you do not want to lose your home and need help with a foreclosure defense, our firm will be able to provide you with the legal guidance necessary to fight back. With more than 20 years experience practicing bankruptcy law, and after having helped numerous clients all over South Florida successfully get out from under their debt and gain a fresh, financial start, you can count on our firm to protect you and your interests.

Need a Boca Raton short sale attorney?

A skilled Boca Raton short sale attorney from our firm can offer you legal assistance, advise you of all of the options that could help you with your financial problems, and assist you in getting your short sale approved.

If you want to find out more about short sales, and whether or not a short sale would be right for you, contact Alan J. Fisher, PA today.