Short Sales: Work With Your Lenders for a Resolution

Orlando Short Sale Attorney

Call Our Longwood Foreclosure Defense Lawyer - (888) 252-8754

Is your home under threat of foreclosure? Do you have mountains of debt, or have you lost your source of income due to job loss, divorce, and other factors out of your control? Opting for a short sale of your home can help relieve you of the burden. The loan lender or owner to whom you pay for the property can expect to receive most of the proceeds of the sale, and you have a chance to release yourself from financial responsibility.

Reasons To Choose Our Firm

  • Available 24/7
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  • Legal Services Available To Homeowners Throughout Florida

A short sale means you are upside down on payments—you owe more than what you can currently pay off. The greatest advantage of a short sale is that you can avoid foreclosure and prevent a negative mark from showing on your credit report. The key to having a successful short sale is to retain a knowledgeable Longwood real estate lawyer to handle your case for you.

How the Short Sales Process Works

You will work out an agreement with your lender that the property will be sold at a cost that is currently less than what you owe on your mortgage. For obvious reasons, some lenders may have some difficulty seeing eye-to-eye on negotiations, but ultimately, foreclosure is riskier to both you and the lenders. You can find some comfort knowing that many lenders are willing to work with you.

Here is a general outline of the how the process takes place:

  • The property is evaluated and valued.
  • The short sale application and paperwork are filed.
  • The homeowner shows how he or she is having hardship.
  • The short sale package is then created.
  • The lender reviews the package.
  • The short sale receives approval.
Now, the short sales process is not the same for each and every home, and will depend greatly on how the lender decides to handle the situation. The strength of your application will lie on how compelling the reasons are behind your hardship, the overall value, and if you have found a potential buyer to take over the property. Don’t forget, as well, there are additional expenses, taxes, notary fees, and other closing costs. It is important that you consult with a Longwood foreclosure defense attorney to help minimize any added or unnecessary expenses.

We have successfully handled numerous real estate litigation cases. Take the necessary precaution now and contact Haynes & de Paz, P.A. today to discuss your short sale matter.

The Client Experience

  • “Mr Haynes is courteous, informative, professional, and really knows his area of law.”

    R.Q.
  • “I could not be more pleased with Haynes and De Paz Law firm.”

    Roberto
  • “Their timely responses and caring attitude made going through a difficult time that much easier!”

    R.W.
  • “Through my tough journey Attorney De Paz has made this a smooth transition!”

    F.S.
  • “Will definitely use again if ever need to!”

    S.N.
  • “Attorney Haynes is capable, honest and does exactly what he says he's going to do....his absolute best for you!”

    H.H.
  • “A few details and after learning about his firm I signed an engagement letter!”

    D.L.
  • “Because of you amazing representation, I was able to get the EXACT outcome I was hoping for!”

    C.R.
  • “Thank you for all your help!!”

    D.H.
  • “Mr. Haynes won my foreclosure surplus case and collected nearly $40,000.00 for me!”

    C.D.
  • “They got me the best possible legal and logical outcome.”

    B.S.
  • “Benjamin Haynes did an outstanding job for me.”

    F.M.
  • “Your firm is by far the BEST!”

    E.C.
  • “I personally do not plan on going through this again; however, if I know someone else who is, I would definitely recommend Benjamin Haynes for their case.”

    K.D.
  • “I was so impressed with the outcome and how I was treated.”

    Laura

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