As you are faced with the difficult decisions surrounding how to proceed with a property that is worth less than what you owe, Skyline Law Group, of Bellevue, Washington, can provide short sale help and assist you in making wise decisions that will position you for a more stable financial future. As an industry recognized and Certified Short Sale Expert, attorney Michele K. McNeill can give you the right information you need to make the right choice given your particular situation and desired outcome.
Seattle Mortgage Attorney
Some individuals are not eligible for loan modification and must consider the short sale of their home. Others simply want out of the house and their mortgage, hoping to move. We will listen to your goals and help you determine a course of action that best accomplishes your goals, both financially and personally.
A short sale carries several advantages, including minimizing the damage done to credit from a foreclosure. When you go through a short sale, you can be in a position to buy a new home in two years, as opposed to the typical seven years that follow a foreclosure.
As you consider the short sale of your home, there are certain steps you should take to complete the process, with few costly mistakes.
- Consult with an experienced short sale attorney
- Talk to an accountant about avoiding debt forgiveness taxes
- Hire an experienced short sale real estate agent
- Submit all short sale documents to your agent in a timely manner
- Keep buyers in the loop
Short sales are generally fast. You can put the house on the market and expect for it to be sold in as little as two months and out of the title within a month or two following.
Bellevue Short Sale Attorney — Short Sale vs. Foreclosures
Many people consider the short sale of their home primarily to avoid foreclosure. Sometimes, though, if the lender will not agree to waive the deficiency balance on your loan, it might be to the seller's advantage to allow the home to go into foreclosure, especially in a nonrecourse state.
We are committed to guiding you through all of the options available to you and helping to determine the path that best positions you for a more financially secure future.
We provide clients with a comprehensive consultation so they can determine the best direction to take regarding their real estate concerns. To arrange a meeting with a knowledgeable short sale lawyer, please call our office today at 425-247-1933 or toll free at 800-769-0487.
