Short Sales.

Perhaps no area of law highlights the advantages of a multi-professional firm as clearly as the area of short sales. 

When a property is sold, the proceeds must be applied first to the mortgage to pay it off so that the buyer can get clear title.  Recently, the value of many properties in our area has declined below the amount necessary to pay off the mortgage, so that the seller can give clear title to the buyer.  This is called a short sale, because there is a shortage of funds necessary to pay off the mortgage.

When this happens, as lawyers we negotiate with the lender to get them to accept a smaller amount in return for removing their mortgage.  As Realtors, we market your property to find a buyer at the highest price we can, so that the bank's compromise will be as small as possible.  One advantage of the multi-professional approach is that we can provide both the legal and real estate services in return for the real estate commission that we will recieve when the deal closes.  In other words, you do not have to come "out of pocket" for any legal fees.   

If you are "upside down" on a property, contact us at 941-952-9999 and we'll evaluate your property and tell you if we can help you.