The world of real estate can be difficult for the average home buyer or seller to understand. While a realtor can help in many ways, they simply do not have the legal knowledge or authority to provide legal advice to families who are purchasing or selling a home. This is particularly true in the case of closing on a home or in the event of a short sale.
A short sale is defined as the sale of a home for less than the amount owed on the mortgage, or all mortgages if more than one exists. In a short sale, the mortgage lender agrees to accept the lesser amount and will dissolve the remaining debt that the borrower owes on the loan. Essentially, the remaining debt after the sale is cancelled or “forgiven.”
A short sale may be a good option for families who don’t have much equity in a home, families who for whatever circumstances need to sell their home quickly, or when a homeowner is threatened with the possibility of foreclosure. Additionally, a short sale can be of use when a homeowner wants to sell a house that was overpriced when it was originally purchased, or when the housing market has dropped significantly. Regardless of the reason for a short sale, it is critical to have the support of an experienced real estate attorney throughout the process.
Real Estate Closings
Real estate closings can be overwhelming, especially without the assistance of a seasoned attorney. A lawyer will assist you throughout the closing process, providing you with the advice and information you need to make informed decisions regarding your new home. Your lawyer will examine the property title and assist you in performing due diligence to ensure there are no title defects or any other issues that may complicate or prevent the sale. If any issues do arise, your attorney can expertly handle them and help facilitate a resolution that is in your best interests.
Contact Rodriguez Law, P.L. Today for More Information
At Rodriguez Law, P.L., we have a wide variety of expertise in the Florida real estate market and can assist you with many of your legal needs, including the short sale of your home or the closing process. We work hard to ensure that the real estate process stays as smooth as possible, and we’ll always keep you informed of what is going on and where you are at in the process.
Contact us today for a consultation to discuss your specific needs and to learn more about how our office can help you meet your unique real estate goals. Call now at (305) 262-8226.