Assisting with Short Sale Transactions in South Florida
When a property owner is struggling to make mortgage payments – or might already be facing foreclosure – many owners want to simply sell the property to prevent any further issues with their loan and prevent foreclosure. However, the real estate market can be volatile, and a property might only sell for a price lower than the mortgage balance. In this situation, it might be possible to obtain a short sale agreement.
If you are facing foreclosure and want to sell your property on your own terms, discuss your options with the Law Office of Eleni Noble Zarbalas, P.A. Learn how our short sale negotiations lawyer in Boca Raton can help.
Short Sale Agreements
There are different alternatives to foreclosure that property owners and lenders can negotiate. A loan modification can be beneficial if an owner wishes to continue ownership of the property. However, if an owner is ready to sell, a short sale agreement might be necessary.
When you receive less than the balance of a mortgage for property sale, you will be “short” the amount you need to pay off your loan. Many lenders are willing to accept less than the full amount, though all parties must agree to this arrangement. It is beneficial to have a skilled negotiator working with your lender to ensure you can make a short sale to avoid foreclosure whenever possible.
Contact an Experienced Short Sale Negotiations Lawyer in Boca Raton
At the Law Office of Eleni Noble Zarbalas, P.A., we handle every aspect of short sales, including addressing liens, reducing delays, and working to avoid a scheduled foreclosure. These transactions can be complications, but also preferable to foreclosure if everything goes as planned. We serve clients in Broward and Palm Beach Counties, so please contact our Boca Raton short sale negotiations attorney today.