Short Sale Attorney in Jacksonville
A Debt-Free Future Is Attainable
Our Jacksonville bankruptcy lawyer believes that before you consider bankruptcy, you should always start by looking at non-bankruptcy options. One of the ways that some homeowners are able to get out of trouble and avoid bankruptcy is by doing a short sale of their home.
How to Short Sale Your Home
Any real estate agent licensed in the state of Florida can work with you to short sale your home. However, it is generally best to find an agent that has experience with short sales, since they will know how to navigate the ins and out of the short sale process. This means that they will often have a better chance of helping you to get your home sold. The Law Offices of Robert Peters P.A. can offer you the names of some licensed real estate agents that deal with short sales, if you don’t already have one.
Things to Know about Short Sales
A short sale is a transaction in which the homeowner receives permission from the bank to sell the home for less than its market value. The goal of a short sale is for the lender to recoup the majority of what they are owed by the homeowner and to avoid the expenses involved in a foreclosure suit. Although a short sale doesn’t completely absolve the borrower from debt incurred on the original mortgage, it is generally considered a better option than foreclosure.
Benefits of Short Sale over Foreclosure:
What exactly is a short sale? A short sale is the sale of a home in which the amount owed to the lender(s) is more than the amount that the home can be sold for. Instead of the home owner having to bring in money to complete the sale, the sale is completed through negotiations with the existing lender(s) (and often condo associations or homeowner associations) and the lender(s) agree to accept less than the full amount owed to satisfy the debt and allow it to be paid off "short." Put even more simply, a short sale is a real estate transaction that requires an approval from the lender or lenders and your condo association or HOA - period.
How difficult is the short sale process? The short sale process is a complicated legal process that requires an understanding of tax law, bankruptcy & real estate law, but fear not, Robert Peters, Jacksonville Short Sale Attorney has many years of experience maneuvering through the short sale process. Keep in mind, this is not a matter for title companies or even realtors to try to accomplish. You'll get one shot to do a successful short sale. If you or your representative is inexperienced at short sales, makes mistakes, gives up, slacks off, drops the ball, or simply do not know how to negotiate with banks, you will wind up being foreclosed.
How do I get started? Call the Law Offices of Robert Peters at 904-548-3625! With our help and one of the real estate experts we will introduce you to, together, we will show you how a real estate short sale can save your credit and provide a fresh start without the added weight of a foreclosure or bankruptcy on your credit report dragging around behind you like an anchor for years to come.
Whether you are current on your payments or months behind, whether you are in foreclosure or not, whether you have filed bankruptcy with us or not, I'll tell you exactly what to do next if you want your bank to seriously consider accepting tens or even hundreds of thousands of dollars less than is owed them and agree to pay all of the costs and fees associated with the sale of your home through a real estate short sale. Sound too good to be true? It isn’t and I’ve guided many clients through the short sale process, with ease.
Our Jacksonville foreclosure defense attorney at The Law Offices of Robert Peters P.A. strives to help our clients restart their lives. Whether you are considering a short sale or other actions, our firm can help you navigate your legal options and pursue an outcome that is best for you and your loved ones.
If you are considering a short sale, contact us today for more information about the process. We can be reached at (904) 584-3625.