West Palm Beach Short Sale Attorneys

A short sale is the sale of real estate in which the proceeds are less than what is owed on the balance of the loan. The negotiation to undergo a short sale versus a foreclosure is done between the Lender and the homeowner's representative (this is why you need an experienced West Palm Beach Short Sale Attorney to represent you). In this negotiation, both parties agree upon a discounted loan balance due to financial or economic hardship that the borrower faces. Your Lender will incur a smaller financial loss in a short sale versus the borrower's continued non-payment or foreclosure.

As a result, Lenders have more incentive to agree to your short sale, which is typically faster and less expensive for the borrower than a foreclosure. Short sales also mitigate damage to credit history and can partially control debt. Lenders usually have loss mitigation departments that evaluate and determine short sale transactions. The experienced West Palm Beach Short Sale Attorneys at the Law Office of Ryan S. Shipp, PLLC understand this processes in-depth; and, as a result, has a greater chance of obtaining a successful outcome.

In order to have a short sale accepted, our West Palm Beach Short Sale Attorneys will help you prove the following to your Lender:

• Homeowner can no longer afford to make the mortgage payments;
• Homeowner is suffering a hardship, such as an illness in the family, a job loss or other serious situation that affects the homeowner's finances;
• Prove to your Lender that the current value of the property is substantially less than the balance owed on the property;
• Negotiate with your Lender in an effort to have the Lender accept a sales price that is less than what the homeowner owes;
• Assist the homeowner with finding a qualified buyer offer to purchase the property; and
• Negotiate with your Lender to accept the buyer's offer.

Our West Palm Beach Short Sale Attorneys also work with its clients to explain the tax implications and the possibility of a deficiency balance to a lender.

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Our Office is located in Lantana, Florida. We serve South Florida:

West Palm Beach Short Sale Attorneys,
Boynton Beach Short Sale Attorneys,
Boynton Beach Short Sale Lawyers,
Lake Worth Short Sale Attorneys,
Boca Raton Short Sale Attorneys