If your mortgage loan lender is continually harassing you for past due mortgage payments that you can no longer afford to pay, you may think you have no other option besides foreclosure. However, a skilled real estate attorney can possibly help you negotiate a short sale of the property in order to avoid a foreclosure.
Attorney Lynn Sirotkin of the law office of Pearlman, Apat, Futterman, Sirotkin & Seinfeld, LLP, has more than 27 years of experience in real estate law. She helps clients throughout Queens County and the other counties of New York City, as well as Nassau and Suffolk Counties, protect their property investments and pursue the best possible outcomes when facing foreclosure.
Advantages of a Short Sale
Short sales often work well for homeowners who are financially underwater on their home, meaning that they owe more on their mortgage than the current market value of their property. Some advantages include:
- Short sales can free homeowners from the responsibility of continued monthly mortgage and real estate tax payments.
- As a private transaction, a short sale preserves confidentiality, whereas a home foreclosure sale is a public event.
- Short sales help to protect future credit because they are viable sales as opposed to a sheriff's sale in foreclosure.
Attorney Sirotkin works with clients to review their situations and help them prepare the necessary documentation that demonstrates their need for a short sale. She then negotiates with the bank and/or mortgage lender on their behalf. Throughout the process, her goal is to protect her clients' rights and best interests.
If you are struggling with mortgage debt, contact our firm in Kew Gardens, New York, to discuss your options by calling 718-577-2573 or toll free at 866-679-2513 to schedule a free initial consultation. Se habla español.