Is a Short Sale the Right Answer for You?
As people face the reality that they cannot afford to stay in their homes, there are no easy answers. If the bank will not renegotiate, some homeowners choose to simply walk away from a mortgage debt, however the debt will still be there on credit reports.
Another option may be a short sale. Talk to a lawyer who knows mortgage law, has strong negotiating skills and cares about what happens to you. Talk to attorney Kalliopi P. Kousis about your home and your concerns.
When You Are Considering a Short Sale ...
Call Attorney Kalliopi P. Kousis ∙ 973-679-4278 ∙
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A short sale may be a practical solution when a home is worth less than the amount of the mortgage and the bank will not agree to a loan modification. The homeowner may find a buyer for what the home is worth, but will the bank accept the lesser amount as payment in full for the mortgage? Let us help you through the complex procedures of a short sale, so you can focus on your family and your future.
- A short sale is a delicate negotiation that requires agreement from the buyer to be patient, and agreement from the bank to accept less than the total value of the mortgage. An experienced lawyer can keep all parties informed of the progress of negotiations.
- The bank may not want to accept less than what you owe, but economic realities may help them make a decision. An attorney can explain your unique situation, letting the bank know that it could be in their best interest to accept a short sale, especially if the only other option is foreclosure.
For answers to your questions regarding a short sale, request an appointment for a free consultation with Ms. Kousis at our law firm's office in Newark, New Jersey.
Free consultation. Handicap-accessible office. Close to public transportation.
Μιλάμε τα ελληνικά. We speak Greek.
