Long Island Short Sale Lawyer
What is a short sale?
A short sale is the sale of real estate property in situations where the homeowner is financially obligated to pay more than the property is worth, a circumstance commonly known as being "upside down" or "underwater." If this is your situation, reach out to an experienced Long Island bankruptcy attorney at Blutter & Blutter, Attorneys at Law as soon as possible. They are a compassionate and understanding legal team who will offer you a free consultation and help you explore your options regarding the possible short sale of your home.
A short sale, as an alternative to foreclosure or filing for bankruptcy, has numerous benefits. Some of them include:
- Less of an impact on seller's credit score
- Eligibility for an FHA loan less than 2 years after the sale
- Possibility of remaining at the house until the completion of the sale
- Difference between sale and loan amounts may be renegotiated and homeowner is not liable
A short sale is comprised of many legal and financial concerns which enhance the potential for problems along the way or the sale process being slowed down. It is not advisable to attempt a short sale on your own. At the firm, the attorneys have a wealth of experience in these matters that enable them to provide the guidance necessary for you to get through the process as quickly as possible, while making sure that your interests are safeguarded at every turn. Potential pitfalls may be avoided as the dedicated legal team does all that is possible to secure the final outcome that you desire.
Experience You Can Count On
The firm, with a widespread experience in bankruptcy, taxation, estates and real estate law, has the resources at their finger tips and the know how to make sure that your options are explored, your questions are answered and your freedoms are preserved.
For a consultation regarding your home , contact a Long Island short sale lawyer at Blutter & Blutter, Attorneys at Law immediately.