The crash of the real estate market and economy has caused many people to have to seek the help of a short sale attorney New York. A short sale attorney New York law firm can help individuals who are having problems making their regular mortgage payments.
People will often seek the help of a short sale attorney New York law firm in an effort to find an alternative to filing for bankruptcy. There are many fees and associated costs of filing for bankruptcy and people will often turn to a real estate attorney Long Island in hopes of being able to save money.
When done with the help and aid of a short sale attorney New York law firm, a short sale of a property can help relieve individuals of the debt on their home. The process for a short sale requires a Long Island real estate attorney to represent you in negotiations with the lender. The lender will have to agree to allow you to sell the house for less than what you owe, in an effort to help relieve you from the debt of your mortgage.
In event that a creditor or bank has already started the foreclosure process many short sale attorneys can also double as a foreclosure attorney long island. The foreclosure lawyer Long Island law firm will be able to help guide you through the foreclosure process, while also negotiating with the creditors for a short sale. If the short sale process is not approved by a creditor, a short sale attorney New York law firm can offer the services of a NY bankruptcy lawyer.
For more, read this link.