Short Sale

The recent financial and housing crisis has left many homeowners "underwater" on their mortgage, meaning that the amount they owe is greater than the home's actual value. Obviously, this presents problems when trying to sell.

When an owner sells a home for less than a mortgage, he or she still owes the bank the remaining debt (the "deficiency"). In a short sale process, one negotiates with the bank and comes to a compromise that allows for the sale of the home. Short sales can be extremely difficult as your mortgage holder will obtain its own appraisal and often reject and offer as too low. We do not normally recommend short sales as they are usually financially undesirable when compared with other options.

Reaching an ideal outcome in short sales almost always requires the skill and expertise of an experienced attorney. Our team is here for you.

Neptune, New Jersey, Bankruptcy And Short Sale Lawyer

We will work directly with you to undertake the short sale process, arriving at an outcome that works best for you unique circumstances. If you have lost significant value in a house, we understand the stress. It is important to realize that unsecured deficiency can be discharged in a Chapter 7 bankruptcy and may be overcome with a Chapter 13 payment plan. By thoroughly analyzing your issues, we will help you reach an ideal outcome.

Regardless of your circumstances or concerns, we encourage you to get in touch and schedule a free, no-risk consultation. We are ready to help you get a clean slate on financial life.

To schedule a free initial consultation with our Monmouth County short sale bankruptcy lawyer, call toll free: 866-974-1136 or fill out our contact form. Hablamos español.

The law offices of William H. Oliver, Jr. & Associates is a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.