Home values are down more than 25 percent from their peak in 2006 and continue to fall rapidly across the country. Some experts predict an additional 15 percent decline in the upcoming year. As a result, more than 12 million homeowners now have mortgage debt that exceeds the value of their homes.
What Is a Short Sale?
A short sale occurs when a lender accepts less than the total amount due incident to the sale of your home. In today's economic environment, more and more lenders are initiating short sale programs to assist people in selling their homes and avoiding foreclosure. In many situations, lenders are willing to release the homeowner from the deficiency resulting from the short sale.
We Work on Contingency
Given the complexity of negotiating short sales, it is important to retain an experienced attorney with established relationships with lenders to oversee the short sale process. In most cases, Curran & Whittington works on a contingency basis which means no attorney fees unless we obtain a short sale agreement with your lender resulting in the sale of your home.
Joseph F. Curran is a Virginia attorney with experience negotiating successful short sales with banks and mortgage lenders. Let Joseph Curran work on your behalf to negotiate the sale of your property.
Contact Joseph Curran today at 571-393-3164 or his assistant, Kristine Koethe, at 571-393-3164 for a free consultation.