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| (561) 472-0919 |
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Turco Legal
2401 PGA Boulevard
Suite 200
Palm Beach Gardens, FL
33410 |
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If you are in arrears or in default of your mortgage, you may be a good candidate for a short sale. A short sale is a transaction in which your lender agrees to forgive a portion of your debt in exchange for your selling of the property. The benefit to the lender is it will get a significant portion of the investment back without the expense of foreclosure.
This is a highly technical area of practice. There are many myths regarding short sales, which has perhaps caused it to be an underutilized means of resolving the problems of a distressed homeowner. Perhaps another reason for homeowners taking this lesser used approach is the fact that the result, no matter what, will be a requirement of moving out of the house. Despite the several significant advantages to short sale over foreclosure, many homeowners have a difficult time coming to terms with the fact they cannot afford the house. Loan modification may seem more appealing to this homeowner, but unfortunately, for many, lenders will not modify a loan to the point at which a homeowner can afford the payment.
We take an active approach to short sale negotiation with an aim at producing timely results. Traditionally, the job of negotiating a short sale approval with a lender or lenders has been the job of real estate agents. Some agents have developed an expertise and some have not. What is clear in today’s market is that short sale properties account for a significant portion of transactions. The result is the lenders’ negotiators are inundated with files. A passive approach is simply not the most effective means of obtaining short sale approval. Accordingly, we do more than simply compile and submit your short sale application. We compile a case for approval and engage the lenders in negotiation. We do it efficiently and effectively with the credibility of a law firm.
Financial Statement form for Short Sale Negotiation
Contact our office today at (561) 472-0919 to schedule a consultation with an attorney.
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| Turco Legal handles all components of divorce matters including, the dissolution of marriage, alimony, custody, child support, enforcement of alimony and support, child relocation, paternity, same-sex couples, prenuptial agreements, postnuptial agreements, antenuptial agreements, cohabitation agreements, restraining orders, domestic violence, domestic abuse. The firm also handles all components of adoption matters, including surrogacy, surrogate mother representation, placement, and foster care placement. The firm also handles all components of estate planning, including wills, last wills and testaments, trusts, revocable trusts, irrevocable trusts, intervivos trusts, pour over wills, pet trusts, honorary trusts, durable power of attorney, health care advanced directives, health care surrogates, health care proxies, health care proxy, do not prolong life order, probate, intestate distribution, will contests, capacity challenges, guardianships, and homestead property. |
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