West Palm Beach Bank Agreement Short Sale Attorney
Real Estate Lawyer in West Palm Beach Assisting Homeowners With Short Sales
The West Palm Beach short sale attorneys at the Law Offices of Larry E. Bray, P.A. assists South Florida homeowners in getting banks to approve the short sales of their homes. If you have fallen behind on your mortgage payments, or you are aware that your payments are unsustainable, but you don’t have very much equity in your home, short selling may be your best option. Banks are usually hesitant to approve short sales, however, unless they are convinced that it is right decision from a lender’s standpoint. As a real estate lawyer with thirty years of legal experience, attorney Larry Bray is familiar with what motivates banks to approve short sales. Call one of our West Palm Beach law offices to discuss your predicament.
Gaining Agreement From Banks to Short Sale Residential Property
A short sale is usually only approved in a situation where there is little equity in the home and the bank would stand to lose money with a traditional foreclosure. By allowing the homeowner to do a short sale, the bank becomes eligible for reimbursement through various government programs.
When it comes to short selling residential real estate in South Florida, no two situations are the same. To begin with, each lender has unique criteria that it uses to approve short sales. Additionally, when you factor in other variables, such as whether or not there is a second mortgage, liens on the property, et cetera, no two borrowers’ situations are the same. Consequently, gaining bank approval usually requires the services of an experienced short sale attorney to determine the best approach for all parties concerned.
When you retain the services of the Law Offices of Larry E. Bray, P.A., attorney Bray will analyze your financial situation and research your mortgagor’s short sale criteria. He will then match you with one of the existing short sale programs. If you qualify, he will demonstrate to the bank that you have an unsustainable financial position with regard to your mortgage payments and that a short sale is in the best interest of all parties involved. Once it is approved, attorney Bray can assist you with all of the required documentation and legal requirements associated with your short sale.
Professional Short Sale Bank Representation for Homeowners
Since the beginning of the housing collapse, the Law Offices of Larry E. Bray, P.A. have been assisting homeowners in South Florida avoid foreclosures. If you are a resident homeowner in Boca Raton, West Palm Beach, Boynton Beach, Delray Beach, or anywhere else in Palm Beach County, and you are in danger of losing your home to foreclosure, contact one of our law offices at 561-571-8970.