Short Sales

Many homeowners find themselves "upside down" with their mortgages, which means that they owe more on their mortgage than their home is worth at the time. In this situation, a short sale can help homeowners avoid foreclosure while obtaining the debt relief they need.

Contact us today to schedule a free consultation with one of our Lawrence short sales attorneys. We represent clients throughout Massachusetts and Connecticut.

ASSISTANCE WITH SHORT SALES IN MASSACHUSETTS AND CONNECTICUT

In a short sale, the lender agrees to accept less than full repayment of the mortgage amount while allowing the homeowner to avoid foreclosure. Lenders are more likely to agree to a short sale if it will yield a greater return on their loan than a foreclosure sale.

FOR HOMEOWNERS, A SHORT SALE IS GENERALLY MORE ADVANTAGEOUS THAN A FORECLOSURE BECAUSE THE HOMEOWNER'S CREDIT SCORE WILL NOT BE AS NEGATIVELY AFFECTED AS IT WOULD BE FOLLOWING A FORECLOSURE.

For Connecticut residents, there is an added bonus to short sales. If a property is sold through the foreclosure process, Connecticut law allows the lender to sue the homeowner for the unpaid difference between the mortgage balance and the amount the home yields in a foreclosure sale. This is much less likely to occur in a short sale.

Our friendly, professional lawyers will explain the pros and cons of a short sale and make sure you understand all your options. We will work with you to find the debt relief strategy that makes the most sense for you and your family.

CONTACT OUR HARTFORD MORTGAGE NEGOTIATION ATTORNEYS

To discuss short sales as an alternative to foreclosure, contact Forghany Law P.C. to schedule a free consultation. In Massachusetts, we can be reached at

978-258-0384
. In Connecticut, we can be reached at 860-782-0967 . Calls are monitored 24 hours a day, seven days a week.

Forghany Law P.C. is a debt relief agency. We help people file for bankruptcy under the Bankruptcy Code.