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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I recently lost my property to foreclosure and had some questions, I was contacted by several lawyers and honestly all they wanted was to charge me for simple information. I came across Haynes & De Paz searching Google, I sent an email and in less than five minutes I received a call, not only did I get all the necessary information over the phone, but also the kindness treatment. Thank you so much and I wish your office a prosperous remaining of the year.M.D.
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I could not be more pleased with Haynes Law Group. After two years of legal maneuvering and getting nowhere trying to negotiate with my bank, I was referred to Ben Haynes by my son. What a pleasant surprise this has been. From the prompt, courteous and personal attention I receive when contacting the firm, to the information and guidance through complicated legal matters, and disclosure of the process. I don’t think I have had a better return for my money. Thank you Haynes Law Group for giving me back what I have not had in a while; peace of mind.Roberto
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Ben - terrific news, you guys really are the best! We had received multiple marketing pieces from other asset recovery companies, but I think based on your ability to collect the full amount of the surplus funds, and fast, it was definitely worth engaging with you, outstanding!! If you are looking for a great foreclosure surplus lawyer, hire Mr. Haynes!W.J.
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I went to Haynes Law Group on short notice, literally the day before my foreclosure case. Attorney Haynes worked with me against all odds. They were very honest as to what should be expected. They worked with us allowing us to make affordable weekly payments. They immediately got the foreclosure process halted, and worked diligently in getting the loan modification WE WANTED with even better terms than expected. Always made themselves available throughout the entire process. Thanks to Haynes Law Group we have our home. We thank you.A.R. & J.T.
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Attorney Haynes helped me with a Loan modification so that I could keep my home/condo. What I appreciated the most from your firm was how friendly and courteous you all were! When I had questions or concerns, you always answered me promptly. Attorney Haynes helped explained complicated legal documents in such a way that I could understand the process.B.K.
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