If you and your family are experiencing overwhelming debt, you may still have options to dramatically reduce what you owe. One of the ways to do this is through a short sale. In a short sale, borrowers negotiate with lenders to sell their home for an amount that is less than (or "short") of what is owed, satisfying the outstanding debt.
While short sales are an effective option for struggling homeowners, they also require careful navigation: the lender must essentially agree to receive less money than what they are owed. At Buchalter & Pelphrey Attorneys At Law, our team understands the challenges our short sale clients face during this process. Our Brevard County short sale attorneys are well-versed in negotiating with lenders and ensuring that the entire short sale process is handled with skill and sensitivity.
What We Do During a Short Sale
You may be asking "why would a lender agree to a deal for less money than they are owed?" The truth of the matter is that lenders understand that some loans are irretrievable and short sales are their best option to partially recoup their investment in their borrower. From the very first steps of this process, our firm can help protect your interests, as well as ensure that the lender has everything they need to approve the transaction.
During a short sale, our firm can:
- Prepare thorough and compelling paperwork
- Negotiate on your behalf to receive the best deal possible
- End collection calls and creditor harassment
- Ensure that the short sale deal is in your best, long-term interests
Short sales aren't right for every client facing significant debt but have allowed countless homeowners to discharge their financial burdens and move on to a new chapter of their lives. If you're interested in what a short sale could do for you and your debt, contact us at Buchalter & Pelphrey now.
Use our online form today to request a free case evaluation.