Short Sales West Palm Beach
Short Sales have become very popular in recent years because they offer the best of both worlds for all the parties involved in a mortgage payment dispute. The lender is able to secure a better part of their investment while the debtor could avoid the dreaded appearance of a foreclosure on their credit history.
A short sale is the agreement between the lending institution and the homeowner. Under the terms of the agreement, the property is sold for an amount that is less than what is owed on the mortgage. The best thing about a short sale agreement is that the price for which the property is sold is agreed upon by both the lender and the debtor.
Many people facing foreclosure opt for a short sale agreement. While this is a great thing that protects the interest of both the parties, many homeowners make one crucial mistake. They think that a short sale agreement is an easy thing to do and forgo legal representation.
Banks and other lending institutions do not make this mistake. They consult real estate agents and local lawyers to assess the situation and develop a plan of action. This is why many short sale agreements usually tilt in the favor of the lending institutions.
We try to remedy the situation by assisting our clients at all stages of a short sale agreement. From the initial approach to the negotiations and till the final settlement on the terms of the agreement, we keep our clients informed of all the progress and sought their input in all important decisions.
An experienced West Palm Beach short sale attorney from ROY & ASSOCIATES, P.A. provides the following key services to clients:
A thorough evaluation of the current situation of the client including a proper review of the application process.
Assist in determining a fair market price by consulting our network of real estate agents and lawyers. We predict the going price of the property and the amount left over, if any.
Handle all negotiations and documents on behalf of our clients.