Vohwinkel law has provided las vegas valley residents superior case results relating to personal injury, bankruptcy, foreclosure and more! Contact us today!
SHORT SALES
A short sale may be right for you if you are unable to make your mortgage payments due to financial hardship, are facing foreclosure, or are unable to sell your home for its mortgage value due to market conditions. We will negotiate with your lender(s) to allow a sale of your property at an amount less than what is owed on the mortgage(s). In many cases, we can negotiate for debt forgiveness on the remaining original debt balance.
The biggest advantage to buyers is clearly the prospect of moving into a new property at a great discount. Buyers often find that short sales have an additional benefit over foreclosures too since unlike a foreclosure, there’s not much of a risk that the buyer will need to take action to remove the seller from the property.
Most importantly, not all sellers even qualify for entering into a short sale. For example, few lenders will enter into a short sale agreement with sellers who have not yet missed multiple payments. So, if you’re a seller thinking about a short sale, you’ll want to talk to us about the best options available.
Las Vegas buyers need to be wary too, since getting a deal on a short sale is not as easy as it may sound. In fact, there are some extra steps that buyers need to take when entering into a short sale, which can require doing some additional homework and assembling the right paperwork.
Whether you are a buyer or a seller, you should talk to an expert Las Vegas real estate attorney at Vohwinkel Law before making a decision.
Vohwinkel law has provided las vegas valley residents superior case results relating to personal injury, bankruptcy, foreclosure and more! Contact us today!