Short Sale

In some cases, it is just not possible for a property owner to keep their home out of foreclosure. When that is the case, a short sale is one option for avoiding foreclosure.

If done correctly, a short sale is an excellent alternative to foreclosure and they are commonly done to avoid foreclosure and the negative effects of foreclosure.

Short Sale Vs Foreclosure

What Is A Short Sale?

A short sale is a sale of real estate in which the net proceeds from selling the property will fall short of the debts secured by liens against the property. In this case, if all lien holders agree to accept less than the amount owed on the debt, a sale of the property can be accomplished.

Benefits Of A Short Sale

When done correctly, a short sale is one alternative to foreclosure.  When done correctly, a short sale affords the following benefits:

  • Avoid Foreclosure
  • Minimize Negative Effect on Credit Report
  • Avoid Bankruptcy

  • Erase Balance Owed to Lender
  • Eliminate or Reduce Mortgage Debt
  • Gives You More Control Over When You Leave the Property

How It Works?

A short sale is a complicated legal and real estate transaction. As such, it is important to retain the services of an experienced law firm to that can increase your chances of receiving approval for a short sale from your lender. Typically, this requires you to hire both a law firm and a real estate broker for each part of the short sale process.

At RA & Associates, we provide the unique ability to handle your entire short sale from beginning to end. Our team of experienced attorneys can handle all the legal paperwork and negotiation necessary to get your lenders approval for a short sale. While our in-house broker can handle the sale of the property.

By retaining RA & Associates, you also have the advantage of not paying any out of pocket fees. By combining both short sale services, we can collect our fee from the sale of the property.

Contact RA & Associates Today

If you are facing foreclosure, a short sale may be a viable option to avoid foreclosure and the negative effects associated with it. At RA & Associates, our experienced and dedicated team is fully dedicated to providing you the highest quality service and ensuring your best interests are protected. We encourage you to contact our office to discuss your case for a free case consultation today!

With over a decade of experience in real estate, property damage, and personal injury litigation, the attorneys at RA & Associates have successfully resolved countless cases for our clients. For help with your legal issue, contact our Los Angeles office today for a preliminary analysis of your case.