No one buys a home expecting to one day lose it in foreclosure. Unfortunately, unforeseen events like these are common. If your home is nearing foreclosure, you may not be able to keep it. However, you might be able to help your family avoid the extreme stress that comes with foreclosure by pursuing an alternative: a short sale. Here’s a brief overview of the process and how a short sale attorney may be able to help.
In a short sale, your lender agrees to allow you to sell the house for less than you owe on the loan. The sale helps both sides avoid the stress, hassle, and uncertainty that comes with foreclosure.
Why Choose Us?
Your choice of attorney makes a major difference in any legal case. Here are a few reasons to consider The Law Office of Carlos M. Amor, P.A.:
- Attorney Carlos M. Amor has more than 15 years of experience in real estate law.
- He prioritizes “outside the box” thinking and works to find unique solutions for his clients.
- He has countless happy clients.
- He is deeply familiar with residential and commercial real estate markets in South Florida.
Because Carlos M. Amor’s practice focuses on many areas of real estate law, he may be able to help you purchase another home or otherwise take the next steps.
Short Sales: A Viable Alternative to Foreclosure
In a short sale, you get your lender’s approval to sell your home for less than the amount you owe on your mortgage. If the lender agrees, a short sale may help you avoid the stress and adverse credit impact that comes with foreclosure.
Why Should You Have an Attorney During a Short Sale?
How a Fort Lauderdale Short Sale Attorney May Help You
You aren’t required to have legal representation during a short sale. However, in many cases, the money your lawyer saves you more than makes up for any fees you pay. Here’s a look at how a lawyer can benefit you.
Not sure if a short sale is right for you? Call The Law Office of Carlos M. Amor, P.A. at 954-453-7200 to set up a free consultation.
The Right Attorney Will Safeguard Your Rights
The short sale process can benefit everyone involved, but that also means that every party in the sale is primarily looking out for themselves. To make sure your rights are protected, you should hire an attorney to protect your interests throughout the sale.
You May Be Able to Avoid a Deficiency Judgment
In many cases, the amount a buyer pays in a short sale doesn’t fully cover what you owe on the loan. If this happens, you may be issued a deficiency judgment, which orders you to pay the lender the difference between the sale price and what you owe.
Lenders will commonly forgive the deficiency balance after a successful short sale. If yours doesn’t automatically forgive it, your lawyer may be able to negotiate an agreement where you won’t owe anything after the short sale.
FAQ
These are some of the questions new clients often have:
What is a short sale?
A short sale is when you get your lender’s permission to sell your home for less than you owe.
When is a short sale a good idea?
If you can no longer afford your mortgage payments and are headed for foreclosure, a short sale may be a good choice.
Who benefits from a short sale?
Short sales are usually beneficial for everyone — you avoid the stress of foreclosure, your lender avoids the hassle of foreclosing on your home, and the buyer gets to purchase a home for a very reasonable price.
Should you have a lawyer during a short sale?
Usually, yes. A lawyer can assist with defending a foreclosure case and to help protect your rights and might be able to help you avoid a deficiency judgment.
If you have additional questions, don’t hesitate to get in touch!
Considering a Short Sale?
Don’t Take on This Process Alone
A short sale can be advantageous for both you and your lender. Unfortunately, the process is rarely simple. Attorney Carlos M. Amor has helped countless Florida homeowners navigate the short sale process and move into a new era of financial freedom.
Considering a short sale? Call The Law Office of Carlos M. Amor, P.A. at 954-453-7200 to schedule a free consultation.
ATTORNEY CARLOS M. AMOR
Carlos M. Amor is a skilled and experienced attorney and real estate broker. His legal practice in South Florida focuses on real estate litigation, real estate investments, tax deed and foreclosure auction purchases, traditional real estate transactions, short sales, foreclosure defense, and civil litigation. Carlos thinks “outside the box” and takes a practical approach to finding solutions that benefit his clients. [ ATTORNEY BIO ]
