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Difficulties of Underwater Mortgages

Are you "upside down" on your mortgage payments, meaning you owe more on your home than it is worth? At Price Law Group, their first priority is to take effective action and assist you in avoiding foreclosure. If you are a homeowner and are worried that you could lose your property through foreclosure, a short sale negotiation may be a viable option for you. Please contact an experienced attorney from our firm for assistance. We offer a free, confidential consultation and can help you pursue this option by negotiating with the bank on your behalf.

Attorneys at our firm are extremely knowledgeable about debt relief measures and the best options available for those who are dealing with an underwater mortgage. A short sale can be the best solution when it no longer makes financial sense to keep a property. This solution could help you to avoid filing for bankruptcy and the damaging effects of foreclosure, allowing you to walk away from a property that is mortgaged far beyond its current market value .

Short Sale Negotiation

If our legal team is retained to assist you, the Realtor® or broker in the situation, our service information includes the following:

  • Our fee is 1 % of the purchase price
  • We are successful a majority of the time in getting fees paid directly by the lender
  • We provide legal counsel to the Seller, eliminating the Agent's liability in the sale
  • DRE and MLS boards and National Brokerages are now requiring agents to include an attorney in their short sale transactions due to the many legal implications

Our attorneys are also committed to assisting Realtors® and mortgage brokers who are faced with the complexities of the short sale process and need professional legal assistance. If you are a real estate professional, contact our firm to learn how they can help you negotiate with the bank on the short sale process, and coordinate the transaction from start to finish.

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