West Palm Beach Short Sale Attorney
Representing Florida Property Owners Facing Foreclosure
People across Florida are unable to pay their mortgage because of a slowing economy, an adjustable rate mortgage or declining home value. Banks lent money to many people who were unable to make the minimum payments on their mortgages — now they face mortgage foreclosure.
At the Law Offices of Larry E. Bray, our experienced West Palm Beach short sale attorney is versed in the area of mortgage foreclosure defense. We will educate you about your options, including how to obtain a mortgage renegotiation or a short sale. Short sales occur when, after a property is worth less than the mortgage, the bank accepts the net proceeds of the sale, despite the fact that it is less than the mortgage owed.
Real estate transactions are governed by various federal statutes, state statutes, and common laws that address a wide variety of legal issues related to acquiring, financing, developing, managing, constructing, leasing, and selling commercial and residential real property. Buying and selling real estate is generally more complicated than buying or selling other expensive goods, such as cars or boats. With real estate, many different people can have an interest in the same property, tax consequences are more complicated, and possession is not necessarily indicative of ownership. The economic climate today has made things very difficult for many people. Foreclosures are rampant and the opportunity to purchase property at low prices is unprecedented.
Contact us or call (561) 296-5291 to schedule an appointment to discuss your legal concerns with an experienced short sales real estate attorney. The following link will allow you to view the Frequently Asked Questions related to this topic.
Helping People Get Out From Under Their Mortgage
Many people were lured into purchasing homes that they could not afford; now they are facing mortgage foreclosure. If you have to, or want to sell your home, but the mortgage is “upside down” (meaning that the debt is higher than what you can get for the property and the bank won’t clear title until it is paid in full), our firm will help you with the listing, offer, sale and submission of the net proceeds to the bank to pay off your mortgage and many times, their will be no further liability to you.
The short sale process can be daunting, especially during the financial stress faced by most people going through foreclosure. We will help you convince the bank that the proceeds of a short sale will save them money in comparison to what a foreclosure would cost.
We will gather all the information including property appraisals, mortgage documents, closing agreements and other pertinent information necessary for the bank to make a decision in your favor. We will defend you in court and make sure you present your short sale request adequately to lenders — this often makes the difference between success and failure.
To speak to an experienced West Palm Beach short sale attorney about your legal concerns, contact us at the Law Offices of Larry E. Bray for an initial consultation.