Elk Grove Short Sale
In Elk Grove many home owners are upside down on their homes. It is important to have the qualified legal team at the Litchney Law firm to manage the negotiations in your Elk Grove Short Sale.
A short sale in Elk Grove occurs when the proceeds of a real estate sale fall short of the balance owed on the property. In a short sale, the bank or mortgage lender agrees to discount a loan balance due to a number of factors. The Elk Grove home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender, sometimes (but not always) in full satisfaction of the debt. In such instances, the lender would have the right to approve or disapprove of a proposed sale. Most Short Sales leave a deficiency balance for which the Mortgagor / Borrower is still liable. The Litchney Law Firm will help negotiate the sale as to minimize the deficiency to the owner of the Elk Grove property. In 99% of all cases it is not a settlement-in-full. In order to make sure that you are able to liquidate your home through short sale in Elk Grove as well as minimize or eliminate your deficiency judgment - call the Litchney Law Firm today for a Free Initial Consultation.
A short sale typically is executed to prevent a home foreclosure. For the home owner, advantages include avoidance of a foreclosure on their credit history and partial control of the monetary deficiency. A short sale is typically faster and less expensive than a foreclosure.
The Litchney Law Firms experienced short sale and real estate attorneys can help provide Elk Grove Residents with the necessary expertise to sell their home using a Short Sale, get rid of financial stress, start over and begin living the American Dream once again. Please contact us for a free consultation at 1-916-983-2941.
Elk Grove Short Sale
In Elk Grove many home owners are upside down on their homes. It is important to have the qualified legal team at the Litchney Law firm to manage the negotiations in your Elk Grove Short Sale.
A short sale in Elk Grove occurs when the proceeds of a real estate sale fall short of the balance owed on the property. In a short sale, the bank or mortgage lender agrees to discount a loan balance due to a number of factors. The Elk Grove home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender, sometimes (but not always) in full satisfaction of the debt. In such instances, the lender would have the right to approve or disapprove of a proposed sale. Most Short Sales leave a deficiency balance for which the Mortgagor / Borrower is still liable. The Litchney Law Firm will help negotiate the sale as to minimize the deficiency to the owner of the Elk Grove property. In 99% of all cases it is not a settlement-in-full. In order to make sure that you are able to liquidate your home through short sale in Elk Grove as well as minimize or eliminate your deficiency judgment - call the Litchney Law Firm today for a Free Initial Consultation.
A short sale typically is executed to prevent a home foreclosure. For the home owner, advantages include avoidance of a foreclosure on their credit history and partial control of the monetary deficiency. A short sale is typically faster and less expensive than a foreclosure.
The Litchney Law Firms experienced short sale and real estate attorneys can help provide Elk Grove Residents with the necessary expertise to sell their home using a Short Sale, get rid of financial stress, start over and begin living the American Dream once again. Please contact us for a free consultation at 1-916-983-2941.