Experienced Short Sales Attorney Representing Homeowners in Plymouth
Saying goodbye to your family’s home is never easy, but in some cases, it is necessary. If you are struggling financially, a short sale might help you resolve your financial problems. But this option isn’t right for everyone. That’s why it’s so important to discuss your case with the experienced short sale attorney at Benner Law as soon as possible.
What Is A Short Sale?
A short sale occurs when a homeowner who is struggling financially sells their home for less than what is owed on their mortgage. This is not an option for everyone–only for homeowners who have fallen behind on mortgage payments.
How Does A Short Sale Work?
You cannot sell your home in a short sale without the lender’s approval. If the lender approves a short sale, the home will be listed on the real estate market available to all buyers. Interested buyers will communicate directly with the homeowner and the homeowner’s real estate agent.
If a buyer makes an offer on your home, you must agree to the offer first. Then, you must submit the offer to the lender for their approval. The deal is contingent on the lender’s approval of the offer.
Homes that are sold in short sales are typically sold “as is,” which means the buyer must be willing to accept the home in its current condition. All proceeds from a short sale go directly to the lender. The lender will then typically forgive the remaining balance on the homeowner’s mortgage.
What Are The Benefits of A Short Sale?
There are a number of benefits to a short sale, including:
- Choosing a short sale can help homeowners avoid foreclosure
- Homeowners will have more control over the sale of their home compared to a foreclosure, where homeowners will have no control over what happens
- Homeowners can pay off their mortgage for less than what is actually owed
These are some of the many benefits of a short sale. Of course, there are also some drawbacks to going through a short sale. For this reason, it’s best to discuss this option with Benner Law. We can help you understand the pros and cons of a short sale so you can make the right decision for your future.
Schedule A Free Consultation With a Short Sale Attorney in Plymouth
Are you in danger of losing your home? If so, it’s in your best interest to seek legal representation from the short sale attorney at Benner Law. We have helped countless clients in Plymouth get their financial lives back on track. Let us review your financial situation to determine if a short sale is right for you. If it is, we will stand by your side throughout the entire process to ensure it is as simple and stress-free as possible for you.
Learn more about your legal options–and how we can help you achieve financial freedom–by scheduling a free consultation with us. To schedule your consultation, call 774-404-8321 or submit your information using the form on this website.