I am both an attorney and licensed real estate broker.
If you have property you need to short sell I would be happy to assist you in selling it to avoid foreclosure and minimize a deficiency.?As both an attorney and real estate broker I can offer a high level of professionalism and competence both of which will improve your chances of success in avoiding foreclosure and all the negative consequences that go with it. If you are represented by a real estate agent in a short sale your agent may decide to enlist the services of a real estate attorney. In either case I am eager to help.
A short sale of a property occurs when a seller finds a buyer and the amount being offered by the buyer is less that the total amount owed at closing. The lender must agree to allow a short sale to occur for it to happen and it will only be allowed in certain instances.
Typically when the seller receives a formal offer the lender will dispatch there appraiser to look at the property to determine, based on the condition of the property, how much the lender will accept as payment to allow the sale of the property to occur.
The primary advantages to a short sale is it allows a foreclosure to be avoided and keeps the?deficiency as low as possible. In fact the biggest advantage of a short sale is often the amount?unpaid to the lender is not treated as a forgiveness of debt and therefore no tax consequence is?created.