Short Sales
West Palm Beach Short Sale Lawyer
What are Short Sales?A short sale is a situation when a lender agrees to allow a homeowner to sell a home for less than what the homeowner owes on the mortgage. This usually occurs only after the homeowner has presented a hardship to the lender and the lender agrees to the lower payoff terms.
If a homeowner can't afford to make mortgage payments, and does not have any financial resources, we can negotiate with the lender for the homeowner to sell the property for less than what is owed to the lender. Most importantly, our loss mitigation team will negotiate to have the homeowner's mortgage discharged, this eliminates any threats of future liability from the lender.
What is the Advantage of a Short Sale to a Distressed Homeowner?
A foreclosure can affect a homeowner’s credit more than a short sale. There are some lenders that do not report short sales to credit agencies. In the event of a foreclosure, the homeowner runs the risk of a lender seeking a deficiency judgment in the amount that the homeowner owes. Also, a lender can come after other assets of the homeowner to satisfy the deficiency judgment. Lastly, the homeowner’s credit score can improve in two – three years, whereas, bankruptcy or foreclosure can often take longer for a credit score to improve.
A record number of mortgages are now in, or entering, foreclosure. A Short Sale is a viable option for homeowners who are behind on their mortgage, and wish to avoid the pain of a foreclosure.
It is absolutely essential that you work with an experienced professional to help with the short sale of your property. Our team of professionals have several years of experience in negotiating with lenders and real estate professionals. Let our experienced loss mitigation team assist you handling all of the necessary negotiations and paper work.
At LaBovick Law Group, our loss mitigation team of professionals are experienced and devoted to assisting you in finding a workout solution. Contact our office today to find out your legal options. We offer a free consultation. You can fill out the form to the left for an assessment of your personal matter.
If you prefer to speak to us by phone, please feel free to call 888.777.3884 to discuss your personal matter with one of our professionals.
Don't Delay! The earlier the homeowner addresses the short sale, the better the chances are of a successful negotiation.
Contact Us Today! Every Day Counts.
The Loss Mitigation Team at LaBovick Law Group assists clients throughout Florida, including Palm Beach, Martin, St. Lucie, and Broward counties, and the cities of Palm Beach Gardens, Jupiter, West Palm Beach, Boynton Beach, Stuart, Port St. Lucie, Delray Beach, Lake Worth, Boca Raton, Deerfield Beach, Fort Lauderdale and many other areas
If a homeowner can't afford to make mortgage payments, and does not have any financial resources, we can negotiate with the lender for the homeowner to sell the property for less than what is owed to the lender. Most importantly, our loss mitigation team will negotiate to have the homeowner's mortgage discharged, this eliminates any threats of future liability from the lender.
What is the Advantage of a Short Sale to a Distressed Homeowner?
A foreclosure can affect a homeowner’s credit more than a short sale. There are some lenders that do not report short sales to credit agencies. In the event of a foreclosure, the homeowner runs the risk of a lender seeking a deficiency judgment in the amount that the homeowner owes. Also, a lender can come after other assets of the homeowner to satisfy the deficiency judgment. Lastly, the homeowner’s credit score can improve in two – three years, whereas, bankruptcy or foreclosure can often take longer for a credit score to improve.
A record number of mortgages are now in, or entering, foreclosure. A Short Sale is a viable option for homeowners who are behind on their mortgage, and wish to avoid the pain of a foreclosure.
It is absolutely essential that you work with an experienced professional to help with the short sale of your property. Our team of professionals have several years of experience in negotiating with lenders and real estate professionals. Let our experienced loss mitigation team assist you handling all of the necessary negotiations and paper work.
At LaBovick Law Group, our loss mitigation team of professionals are experienced and devoted to assisting you in finding a workout solution. Contact our office today to find out your legal options. We offer a free consultation. You can fill out the form to the left for an assessment of your personal matter.
If you prefer to speak to us by phone, please feel free to call 888.777.3884 to discuss your personal matter with one of our professionals.
Don't Delay! The earlier the homeowner addresses the short sale, the better the chances are of a successful negotiation.
Contact Us Today! Every Day Counts.
The Loss Mitigation Team at LaBovick Law Group assists clients throughout Florida, including Palm Beach, Martin, St. Lucie, and Broward counties, and the cities of Palm Beach Gardens, Jupiter, West Palm Beach, Boynton Beach, Stuart, Port St. Lucie, Delray Beach, Lake Worth, Boca Raton, Deerfield Beach, Fort Lauderdale and many other areas
