New Jersey Home Sale Lawyers
Both our national economy and the real estate market have been soft for a number of years now. If you are unable to continue making payments on your mortgage, it may be time to look at all of your options. One such option is a short sale. In a short sale, the homeowner convinces the bank to accept less than is owed on the mortgage. Short sales are complex transactions, and are often difficult to complete. An experienced attorney can go a long way to protecting your interests and helping you complete a short sale.
The law firm of Markowitz Gravelle, LLP, based in Lawrenceville and serving clients across Mercer County and beyond, can counsel you as to your options and advise throughout the legal process.
Our law firm can work with you to provide your lender with the documentation it will need to consider accepting less than the value of the mortgage. In order for the bank to agree to a short sale, you must show evidence of financial hardship. Before the bank will agree to a short sale, it must be shown that a short sale is in their best interests. In many cases, a short sale will save the bank time and money, and will keep the bank from having to manage a property.
In addition to short sales, we can explore other options, such as Chapter 13 bankruptcy, which would allow you to pay your unpaid balance over three- to five-years. We can also explore the possibility of a deed in lieu of foreclosure or any other available options.
Contact the Trenton Short Sale Lawyers of Markowitz Gravelle, LLP
We are ready to review your individual financial situation. Contact us today to schedule a consultation at a convenient time. Call 609-482-3138 or 866-437-1189.
