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Short Sale Attorney in St. Petersburg

Is a short sale right for you?

Short sales are becoming more and more popular as a strategy among homeowners to avoid a foreclosure. In a short sale, the property is sold much earlier than it would be in a foreclosure, allowing the lender and the homeowner to move on. In a short sale, the home is sold for less than what the lender is owed and the lender agrees to release the property as security for the debt. If you are a property owner in the Tampa Bay area who is in financial trouble on your mortgage, you may wish to negotiate a short sale. If so, please contact Dion R. Hancock, P.A. today to discuss the option of a short sale.

How a Short Sale Works

Searching for an attorney for a short sale case in St. Petersburg? When faced with a foreclosure of one of their properties, a lender must take over the property after it has been foreclosed and then find a buyer for that property. This process involves maintaining the property, marketing the property, and paying a real estate broker a commission for selling it. A lender will often be open to a less expensive way of cutting their losses. If the homeowner of the property brings a ready and able buyer to the table with a realistic offer, lenders will often be agreeable to a short sale.

Looking for a lawyer for a short sale in St. Petersburg?

A short sale still negatively affects the credit score of the homeowner. However, the damage is less than that of a bankruptcy or a foreclosure. Short sale sellers are generally viewed as less of a risk than foreclosed homeowners. Completing a short sale is not an easy or fast process and it is important to seek professional legal advice when attempting to do one. That is why we recommend that you consult with the Tampa Bay foreclosure defense lawyer at our firm about any proposed short sale. Our attorney can help prepare the offer, present comparative value information to the lender, and negotiate the short sale contract. Contact our St. Petersburg office to find out more about short sales today!

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.