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Chicago Short Sale Attorney
How Can I Arrange a Short Sale?
Have you considered a short sale as a solution to ending the struggle to make your mortgage payments every month? If your situation is one where foreclosure is looming around the corner, we encourage you to talk with our Chicago foreclosure defense attorney. The attorneys at Smith Ortiz, P.C. have extensive experience with bankruptcy law, including short sales and other foreclosure alternatives. We have almost three decades of combined experience, enabling us to evaluate your unique situation with a practiced eye and determine the right course of action. If a short sale will be the best solution for you, we know exactly what to do to work with a lender and get results in negotiating a short sale.
A short sale refers to selling a property at a lower value, and the proceeds of the sale are less than what the balance owed is on the mortgage. You may still, however, owe the difference between the selling price and the mortgage on the property deficit. This is one very good reason why you should enlist the help of a seasoned foreclosure defense attorney who may be able to get the lender to forgive the deficit.
Some of the benefits of a short sale include:
- It can be done quickly. This could mean that the house is sold before foreclosure proceedings can occur
- In a slow real estate market, a short sale can draw more potential buyers who are looking for a good deal
- There is a less negative impact on your credit score than with a foreclosure
- A short sale can be less costly overall than a foreclosure
Work With Smith Ortiz, P.C. For Your Short Sale Options
The area of bankruptcy law, including foreclosures, strategic defaults, and short sales can be very complex. When you find yourself in over your head with debt and your home is on the line, you need our help. We may even be able to utilize other alternatives to foreclosure. Our service includes a free case evaluation so we can review your financial situation. It won't cost you anything to find out what your best options are.
We make it our business to help every client find a way to secure a better financial future. Call us now.
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