Many people facing financial hardships are overwhelmed and do not know where to turn. They often find themselves embroiled in strenuous foreclosure cases, and feel that they have no way out. The fact of the matter is that there are alternatives to foreclosure. With the help of a reputable Miami foreclosure defense attorney, it is possible to avoid foreclosure and embark on the path to a fresh start. One of the ways that many struggling individuals avoid foreclosure is by utilizing what is known as a short sale.
Who would be interested in a short sale?
A short sale is often ideal for homeowners who cannot afford to keep their property and have decided to surrender their respective homes. This is a great alternative to foreclosure, and can be processed before the bank files foreclosure, or anytime prior to final judgment during the foreclosure process. A short sale involves a home being sold for less than the remaining balance of the mortgage. In terms of future ramifications, shorts sales typically have a lesser negative impact on an individual’s credit score.
The process of a short sale
At Graham Legal, we will put you in contact with experienced real estate agents in the area, and stay in communication with your agent to ensure you have an adequate amount of time to sell your property. Our team defends your foreclosure case, while the real estate agent completes the sale. Once the agent sends the listing agreement and short sale contract, we will then get the foreclosure sale or trial canceled.
Attempting to navigate through a short sale without a Miami foreclosure defense attorney, however, is not recommended. Employing a foreclosure law firm will ensure that all legal matters are taken care of, and peace of mind, which is priceless.
If you find yourself in a situation where a short sale may be in your best interest, one of our attorneys would love to meet with you. Whether you are weighing your options and would like to learn more about short sales during foreclosure or are ready to get started, we invite you to schedule a consultation with one of our knowledgeable Miami foreclosure defense attorneys.