Many times, when a homeowner is facing financial problems, they worry that they are not going to be able to pay their mortgage. They want to find a way to take care of the situation before it gets worse, and sometimes, a short sale seems to be the best option. This can be a good alternative to going through bankruptcy or going through a foreclosure.
What Is a Short Sale?
Rather than selling the home for at least the balance of the mortgage, those who are going through a short sale are trying to sell their home for less than what is owed on the mortgage. They are still going to end up short of cash on the sale to take care of the debt that is owed to the lender. Still, this has the potential to be a good option for those who are financially distressed because of the amount that they owe on their homes. Still, you do not want to try to go through one of these types of sales without first talking with short sales lawyers about the situation.
The lawyers will be able to let you know whether going through with the short sale is going to be the best option for you, and they can help to walk you through each stage of the process if it is. Of course, you are still going to need to work with a real estate agent, but the attorneys are there to make sure that you are doing everything legally and that it is the right option for your financial situation.
A great attorney can help to make a case for you with your mortgage company. They can explain why a short sale is a better option for them, and in some cases, they can even help to have the rest of the balance forgiven. This could mean that you would not have to pay the rest of the money that is owed.
Work With the Professionals in West Dundee
If you are contemplating going through a short sale, it is time that you looked at hiring short sale lawyers to help you. If you are in West Dundee, be sure to get in touch with Casement Group P.C. You can get in touch for a free consultation, which can let you know whether you should proceed with your short sale.