Polin Law Group - Boca Raton Lawyer


Loss Mitigation Options and Short Sales

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Polin Law Group has the experience and knowledge to get your short sale approved quickly. We have succeeded in getting hundreds of short sales approved in the last seven years and have over 32 years experience dealing with banks and lending companies. Our goal is to get your short sale approved quickly so you or your client can avoid foreclosure (which affects credit more than a short sale). When the short sale is approved, the home is sold, the mortgage is paid off, you avoid a foreclosure or a bankruptcy and you can move on with your life.

What is a Short Sale?

Polin Law Group, South Florida's leading short sale and foreclosure defense law firm can help you put a stop to your foreclosure and offer you guidance about your options. A Short Sale occurs when a borrower sells their property for a sales price less than the amount owed to their lender. The lender must agree to the short sale before it can be approved. It can be extremely difficult to get a short sale approved. That's why you need to hire an experienced short sale attorney that knows how to expedite the short sale process.

Many lenders will offer borrowers short sale options. The benefit of a short sale are:

  • A short sale may not affect your credit as much as a bankruptcy or a foreclosure.
  • Short sales offer some closure to homeowners so they can move forward with their lives and avoid the long foreclosure process.
  • A short sale allows you to sell your home before it is foreclosed on by the bank or lender, for an amount that is less than what is owed to the bank.

There are many issues that an attorney can help you address in a short sale. If the bank accepts a short sale on your home, the bank has the option of pursuing a judgment against you for the deficiency. There could also be tax consequences if the house was not your primary residence. An experienced attorney can help you negotiate and settle with the bank on more favorable terms such as securing a release or waiver of personal liability for the deficiency. For example, if you owe $300,000 on your residence and the property is sold for $200,000, the deficiency would be $100,000. If the bank chooses to go after you for the deficiency, you may actually be in a worse condition than if you had fought the foreclosure. It is important that you have an experienced short sale and foreclosure defense attorney that can help you in the short sale process.

Call the Polin Law Group for a free consultation at 561-353-0909 or contact us.

Because of the increase in foreclosures, banks are more willing than ever to allow homeowners to do a short sale on their homes, sometimes without a deficiency. If you are in risk of foreclosure, you should hire an experienced short sale attorney to work with your bank or mortgage company. The attorneys at Polin Law Group are experienced in short sales and have a 100% success rate on short sales, and receive excellent results with foreclosure defense. We can help you put a case together to present to your lender that will include your hardship, monthly income, appraised value of your home, and the cost the lender would incur if they have to foreclose on your property.

Contact Polin Law Group's experienced short sale and foreclosure defense attorneys for a free consultation at 561-353-0909 for more information on our short sale and foreclosure defense services.

Complete This Form for a Free Consultation

If you are interested in learning more about loss mitigation options, contact our office today at 561-353-0909 or complete this form. You need the experience of a foreclosure defense attorney that specializes in loss mitigation options, especially short sales. We will negotiate with the lender for you, work out any liens you might have, set up your short sale deal, and take care of any possible problems.

Read the Short Sale Articles -

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Polin Law Group
One Lincoln Place
1900 Glades Road, Suite 355
Boca Raton, FL 33431
Phone: 561-353-0909
Fax: 561-353-5455
info@polinlaw.com