Defined as, “any sale of real estate that generates proceeds that are less than the amount owed on the property”, a short sale is often a quick and final solution for a homeowner who is in desperate need to sell their home.
Homeowners often choose this option if they’re having a hard time selling their home, are unable to continue paying the mortgage payments, or are facing foreclosure.
If you feel you’ve reached the point of exhaustion with your home, short sale may be the answer you’ve been searching for. However, it is highly recommended to consult with a New Jersey short sale attorney prior to entertaining any offers or engaging in negotiation as there are many laws to abide by when proceeding with this type of real estate transaction.
There are many obstacles that can arise as the result of trying to sale a property on your own through the short sale process. For example, if a short sale negotiator knows that you don’t understand short sale legal procedures, then you run the risk of being taken advantage of.
A short sale attorney can help eliminate that risk by educating you on the short sale process and showing you the appropriate steps to take to ensure complete compliance with New Jersey law.
Other ways a New Jersey short sale attorney can help your short sale process go smoother include:
When you need legal advice regarding a short sale, it is important to retain the services of an attorney that is not only experienced in short sale but also compassionate. For many, short sale is a last attempt to turn a bad situation around and may include some sensitivities.
The compassionate and dedicated lawyers at Thomas & Krail understand these issues and will do everything in their power to not only assist with the short sale but also make sure the sale is in the homeowner’s best interest. The client’s well being is always THE priority at Thomas & Krail.