SHORT SALE
A short sale occurs when a mortgage lender agrees to accept less than the outstanding loan amount to satisfy the seller's loan securing the real estate. A short sale allows both the lender and the distressed property owner to avoid foreclosure by selling the property at a loss. If your home is upside down (you owe more than the property is worth) and you are in financial hardship, we can help get you out of your situation.
Short sales transactions are complicated and much more time consuming than an average real estate sale, making it important to retain an experienced real estate attorney to oversee and negotiate the transaction. A short sale is initiated by a distressed seller listing the property for sale at the current market price, sometimes at a much lower amount than what the seller may have paid for the property. There then must be an offer to purchase by a bona fide purchaser for the property before the short sale offer can be submitted to your lender. Our attorneys at the Tran Law Group are experienced practicing attorneys in real estate and bankruptcy law and are licensed to practice in both Washington State Courts and Federal Courts. We help sellers throughout the short sale process to deal and negotiate with their lenders and draft sales contracts which include the conditions of the short sale.
At Tran Law Group, PS, our goal is to protect clients interest while guiding them through their real estate transactions. We offer affordable rates and a friendly atmosphere where clients are welcome to call or visit the office with questions.
Find Out If a Short Sale Is Right for You
We offer affordable service while getting you the debt relief you need. Call 206-625-4091 to schedule a free initial consultation with one of our attorneys to see if you qualify for a short sale. We will help you explore all possibilities to get your life back and be relieved of your upside down mortgage. At the Tran Law Group, PS, we are committed to helping our clients and our commitment show through every day as we help clients take back control of their finances and provide the fresh start they deserve.