A short sale is generally better than a foreclosure, especially if you have more than one loan. However, the short sale process is not a simple one. An improperly handled short sale could leave you in an even worse position than before. That is why it is so important that you enlist a foreclosure defense lawyer to protect you during this complex process.
At Garland Griffiths Knaupp, Attorneys, we will work collaboratively with your real estate agent during the short sale process in Portland, Oregon. Our role will be to review the short sale documents and address all legal issues, making certain you are protected. Be aware that your real estate agent is neither trained nor qualified to provide legal advice.
Additionally, there are government programs that certain lenders must follow if the homeowner qualifies. We will determine whether such a program can benefit you.
Avoid The Pitfalls Of Short Sales
By definition, a short sale is when a house is sold for less than what is owed. The difference between these two amounts is referred to as a deficiency. By law, a lender has the right to collect the deficiency, unless the lender agrees in writing to waive that right. If the lender does not agree in writing or if the agreement is poorly written or not enforceable, the lender may come after you at a later date to attempt to collect.
We will make certain this agreement is clearly written and enforceable. With us on your side, you can be confident that once the short sale has concluded, you will be able to move forward with your life without having to worry about anything coming back to haunt you.
Legal Fees In Short Sales
We pride ourselves on our reasonable fees and our ability to make our legal services cost-effective. In these cases, we may be able to get your lender to agree to pay for our legal fees from the proceeds of the short sale.
Short Sale Information In Washington County
Call 503-343-1946 or send us an email to learn more.