Short Sale Attorney in Northern, NJ
Short Sale Attorney in Northern, NJ
Deborah L. Pico - Attorney At Law
A short sale in real estate occurs when the outstanding obligations (loans) against the property are greater than what the property can be sold for, or refinanced for. Short sales are a way for home owners to avoid foreclosure on their homes and be able to pay off their loans by paying less than what the payoff amount is, to their lenders. Negotiating a short sale with the lender is a difficult process for many reasons: it is hard to find the bank officer who has the authority to accept the discount. Once you get in touch with the correct person, the difficult task of negotiating can begin; it is then a project to convince the officer to understand the nuances of your situation so that they will accept the discounted offer.
Without an experienced person to guide you through the process, many short sales fall through. We understand what the lender requires for them to be in the best position to grasp your financial situation. The down side of the short sale is that lenders are not required to discount payoffs, and there is no guarantee the lender will let you do the short sale. In the past, a lender would not even consider a short sale if your payments are current, but that is changing. However, realize that lenders will be more agreeable to negotiate if your payments are in arrears. Plus, if you have cash assets, the lender might try to tap those accounts.
Member Of:
Real Estate Attorney in Northern, NJ
Are you looking for Short Sale Attorney in Northern, NJ? The Law Offices Of Deborah L. Pico, LLC are located in Bergen County, in northern New Jersey. Our law firm consists of Attorneys serving New Jersey since 1984. We are licensed to practice law in New York as well. We are engaged in the general practice of law, concentrating in the areas listed below.
The Law Offices Of Deborah L. Pico, LLC offers expertise in numerous legal areas, including Estate Planning & Litigation, Wills, Power Of Attorney, Living Wills, Real Estate Closings, Short Sales, Foreclosures, Elder Law, Small Business Law, Corporate Law, Collections, General Law, Consumer Protection Law & Bankruptcy.
If you require the services of a New Jersey Real Estate lawyer, A New Jersey foreclosure attorney or an attorney who can help you handle your short sale, an Elder Law attorney, a New Jersey attorney to prepare your Last Will and Testament, your Living Will, or your Power of Attorney, we can help with these specific legal needs, as well as many, many other areas of the law.
Our New Jersey attorneys and New York attorneys provide the highest quality of legal services for reasonable fees. Because we have New Jersey attorneys and New York attorneys on staff, we can help resolve many issues that relate to clients whose assets may be in one state, while their residence may be in another.
We stand by our reputation for good service, communication and cost effective problem solving, and look forward to being your lawyer for all of your legal needs.
For more information about Short Sale Attorney in Northern, NJ, contact The Law Offices Of Deborah L. Pico, LLC at (201) 947-8898.
The Law Offices Of Deborah L. Pico, LLC – Your trusted Short Sale Attorney in Northern, NJ.
