Orlando Short Sale Attorney
Navigating Short Sales in Florida With Legal Expertise
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 sale proceeds, and you have a chance to release yourself from financial responsibility.
Understanding the Short Sale Process: Your Roadmap to Success
Short sales can be complex and overwhelming, especially if you're unfamiliar with the legal intricacies involved. At Haynes Law Group, we believe that knowledge is power. That's why we've created a comprehensive roadmap to guide you through the short sale process, ensuring you understand each step along the way.
Here’s what you can expect during a typical short sale:
- Initial Consultation: We will discuss your unique situation, assess your financial standing, and determine if a short sale is the right option for you.
- Gathering Documentation: Our team will help you collect all necessary documents, such as financial statements, tax returns, and any other relevant paperwork.
- Listing Your Property: We will work with trusted real estate agents to list your property at a competitive price, attracting potential buyers while ensuring the lender's approval.
- Negotiating with Lenders: Our attorneys will handle all communications with your lender, advocating on your behalf to get the best possible outcome.
- Closing the Sale: Once an offer is accepted, we will guide you through the closing process, ensuring all legal requirements are met for a smooth transaction.
What Is a Short Sale?
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.
Can You Stop a Short Sale?
- The seller decides to cancel the listing, which is agreed upon by the selling agent
- The seller receives a higher offer, which they decide to take instead of their current agreement
- A foreclosure takes place, replacing the short sale
What is the Short Sale Process in Florida?
You will agree with your lender that the property will be sold at a cost currently less than what you owe on your mortgage.
For obvious reasons, some lenders may have difficulty seeing eye-to-eye on negotiations, but ultimately, foreclosure is riskier to both you and the lenders. You can find comfort in knowing that many lenders will work with you.
Here is a general outline of 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 sale process is not the same for every home and will depend greatly on how the lender decides to handle the situation. The strength of your application will lie in how compelling the reasons behind your hardship are, the overall value, and whether 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
You must consult a Longwood foreclosure defense attorney to help minimize any added or unnecessary expenses.
Contact Our Orlando Short Sale Lawyer Today
At Haynes Law Group, we specialize in navigating short sales in Florida with legal expertise, providing tailored assistance to homeowners in need. With our team's extensive experience and unwavering dedication, we stand ready to guide you through the process, offering round-the-clock support and free consultations to assess your situation. Our commitment to ethical practice ensures that your best interests remain our priority. If you're considering a short sale or need assistance with real estate matters in Orlando or anywhere in Florida, contact Haynes Law Group today.
Contact Haynes Law Group today to meet our short sale attorney in Orlando!
Our Clients Share Their Stories
At Haynes Law Group, your satisfaction is our priority! See for yourself what our clients have to say about working with us.
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This firm eased my worries. They stayed on top of everything. Even during COVID. They were extremely patient with me. Kept me in the loop. Explored all my options. Their prompt and detailed service was much appreciated. Their customer service was very kind. Their price for service was reasonable. Loved the payment plan options they provided. Thank you for all you have done for me regarding the foreclosure case. I would recommend them to any and everyoneML
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We would like to thank Attorney Haynes and his staff for their flexibility, patience and professionalism throughout the entire process of reconciling our home back to good standing. Since the recession started in 2008 we were having difficulty staying afloat and had to make some hard decisions, of which, had some unexpected consequences. Nevertheless, after a 7 year battle with the legal system this was brought to closure. We will be forever grateful for their services and will look to them in the future for other legal matters dealing with properties and future businesses. Many Blessings!A.M. and Family
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My conversations with you and your employees especially Ashlee have been tremendous, very informative and helpful . When I first received notices from other firms about the foreclosure surplus funds I thought it was all a joke , I thought you’ve got to be kidding me since the house is not worth that much, but then when I received your letter and confirmed the sale on the internet, I selected your firm and you were very informative about my marital situation when we first talked on the phone , for that I am extremely grateful for your knowledge on my situation. You helped win me the full amount of my foreclosure surplus funds without having to pay any other parties. If you need a great Tampa foreclosure surplus lawyer, hire Ben Haynes!J.M.
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The law firm of Haynes and De Paz provided me with the best possible outcome in my case. It is without hesitation that I would retain them going forward if I needed great legal representation. Bravo. Well done.D.M.
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On the afternoon that my deceased uncles home was foreclosed and auctioned I received phone calls from people who knew about the mortgage surplus before I did. Calls were from all over the US. Fast talking people telling me I needed to pay them to claim the funds and all the undesirable things that would happen if I did not hire them. After two weeks of trying to go it alone with the courts I found Mr. Haynes. On the first call he was able to weed through and understand the complications of our situation. He told me he was confident he could claim the funds for the heirs. Today we got the news we would receive a check. A great experience with a very sharp man who really knew all the in’s and out’s of Florida foreclosure surplus law and saved us thousands!E.M.
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