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Short Sales: Work With Your Lenders for a Resolution

Orlando Short Sale Attorney

Avoiding Foreclosure in Longwood, FL

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.

Call (888) 252-8754 or contact Haynes Law Group online today to discuss your short sale matter.

Reasons To Choose Our Firm

  • Available 24/7
  • Extensively Experienced
  • Thousands Of Case Handled
  • Ethical & Dedicated Lawyers
  • Free Case Consultations Provided
  • Legal Services Available To Homeowners Throughout Florida

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.

What Is the Short Sale Process?

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 howcompelling 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.

Can You Stop a Short Sale?

If you are interested in stopping a short sale contract, there may indeed be ways that this can happen, including:
  • 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

We have successfully handled numerous real estate litigation cases. Take the necessary precaution now and contact Haynes Law Group today to discuss your short sale matter.

The Client Experience

  • “Thanks to Haynes Law Group we have our home.”

    A.R. & J.T.

  • “Ben and his team of lawyers are the best of them all!”

    J.M.

  • “My expectations were exceeded and I extend my highest recommendations for his services.”

    C.M.

  • “I was very happy with the service provided!”

    L.P.

  • “You won me the full amount of my foreclosure surplus funds without having to pay any other parties!”

    J.M.

  • “My life and the lives of my children have forever been changed.”

    K.P.

  • “Mr. Haynes fought the Bank and got the Judge to vacate our sale!”

    R.W.

  • “Haynes Law Group helped me collect nearly a $79,000.00 foreclosure surplus!”

    A.H.

  • “I truly appreciate it, truly the GOLD standard of service from you and your office!”

    R.W.

  • “Haynes Law Group is a responsive, resourceful, and caring lawyer.”

    Jessica

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

    C.R.

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

    Laura

  • “You have exceeded our expectations”

    Jeff & Nancy

  • “Your firm is by far the BEST!”

    E.C.

  • “I could not be more pleased with Haynes Law Group”

    Roberto

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