Short Sales and Deed in Lieu of Foreclosure Services from Asset Advocates Real Estate and Contract Lawyers

If you are facing the possibility of foreclosure on your home or investment property, you may be considering a short sale or deed in lieu of foreclosure as an alternative to losing the property through the traditional foreclosure process. These options can offer a way to avoid the negative impact of a foreclosure on your credit score and financial situation, and may allow you to move on from a difficult financial situation.

At Asset Advocates Real Estate and Contract Lawyers, we offer expert short sale and deed in lieu of foreclosure services to help clients navigate this complex process and achieve the best possible outcome. Our team of experienced attorneys has the knowledge and expertise to guide you through every step of the process, and ensure that you are making informed decisions about your options.

Keep reading to learn more about the short sale and deed in lieu of foreclosure services offered by Asset Advocates.

Advising the Borrower on the Potential Benefits and Drawbacks of a Short Sale or Deed in Lieu of Foreclosure

Before deciding whether a short sale or deed in lieu of foreclosure is the right option for you, it is important to understand the potential benefits and drawbacks of each. At Asset Advocates, we can help you weigh the pros and cons of these options, and provide guidance on the most appropriate course of action for your individual circumstances.

A short sale involves selling the property for less than the balance of the mortgage, with the lender agreeing to accept the proceeds as full payment. A deed in lieu of foreclosure involves transferring ownership of the property back to the lender in exchange for the release of the mortgage. Both options can provide a way to avoid the negative impact of a foreclosure on your credit score, but may have other financial implications, such as tax liabilities or deficiency judgments.

We can help you understand the potential benefits and drawbacks of a short sale or deed in lieu of foreclosure, and provide guidance on the most appropriate option for your individual circumstances.

Negotiating with the Lender on Behalf of the Borrower

Once you have decided to pursue a short sale or deed in lieu of foreclosure, the next step is to negotiate with the lender on the terms of the sale or transfer. This can be a complex and time-consuming process, and it is important to have experienced legal representation to ensure that your rights are protected and you are getting the best possible deal.

At Asset Advocates, we can assist you with the negotiation process, including drafting and reviewing documents, communicating with the lender and other parties, and handling any disputes that may arise. We have the knowledge and experience to negotiate effectively on your behalf, and ensure that the terms of the sale or transfer are fair and reasonable.

Handling all necessary paperwork and legal documentation

One of the key benefits of working with Asset Advocates Real Estate and Contract Lawyers is that we take care of all the necessary paperwork and legal documentation for you. This includes preparing and submitting the required documents to your lender, as well as any other parties involved in the short sale or deed in lieu of foreclosure process. We'll work closely with you to gather all the information and documentation needed, and we'll make sure that everything is completed accurately and efficiently to avoid delays or complications.

Assisting with the sale or transfer of the property to a new owner

In a short sale, the property is sold for less than the amount owed on the mortgage. In a deed in lieu of foreclosure, the property is transferred to the lender in exchange for a release of the borrower's debt. In either case, Asset Advocates Real Estate and Contract Lawyers will assist you with the sale or transfer of the property to a new owner. We'll work with you to determine the best course of action for your particular situation, and we'll help you negotiate a fair and reasonable agreement with the lender or new owner. We'll also handle all the legal details and paperwork involved in transferring ownership, ensuring that everything is done correctly and in accordance with the law.

Providing counsel and representation during post-foreclosure proceedings, such as eviction and deficiency judgments

The short sale and deed in lieu of foreclosure process doesn't always end when the property is sold or transferred. In some cases, the borrower may still be responsible for certain debts or obligations, such as unpaid property taxes or homeowner association fees. Additionally, the borrower may be faced with eviction if they're still living in the property after the sale or transfer. At Asset Advocates Real Estate and Contract Lawyers, we provide counsel and representation to borrowers during post-foreclosure proceedings, such as eviction and deficiency judgments. We'll work with you to understand your rights and options, and we'll advocate on your behalf to ensure that you're treated fairly and justly.

Advising the Borrower on Potential Bankruptcy Options, if Applicable

In some cases, bankruptcy may be a viable option for borrowers facing financial difficulties. At Asset Advocates Real Estate and Contract Lawyers, we have extensive experience advising clients on bankruptcy options and representing them in bankruptcy proceedings. If you're considering bankruptcy as a way to deal with your debts and obligations, we'll work with you to understand your options and help you make an informed decision. We'll also provide guidance and support throughout the bankruptcy process, ensuring that your rights and interests are protected.

At Asset Advocates Real Estate and Contract Lawyers, we're dedicated to helping our clients navigate the short sale and deed in lieu of foreclosure process with confidence and peace of mind. If you're facing financial challenges and are considering these options, we encourage you to contact us for a consultation. We'll provide you with the expert legal support and guidance you need to make informed decisions and protect your rights and interests.

Tell Us About Your Case

  • Details
  • Incident
  • Aftermath

Tell Us About Your Case

24/7 Phone Helpline
Timothy R. O'reilly1 (702) 745-0498
OUR CLIENT REVIEWS
  • I highly recommend Asset Advocates Real Estate and Contract Lawyers for anyone seeking a Real property attorney. They were extremely knowledgeable and dedicated, and I am very grateful for everything that they've done.
    Andrea Scott
  • Asset Advocates Real Estate and Contract Lawyers was such a relief from all the stress in my business legal issues, they handled everything and helped me start fresh again. They are experienced, responsive, and very professional. Highly recommended!
    Matt T.
Tell Us About Your Case
Call Our 24/7 Asset Advocates Real Estate and Contract Lawyers Helpline Now
1 (702) 745-0498

Copyright © Asset Advocates Real Estate and Contract Lawyers. All Rights Reserved

This website is owned by Asset Advocates Real Estate and Contract Lawyers. We have offices throughout Nevada with attorneys licensed to practice law in the state of Nevada. Use of this site does not form an attorney-client relationship and information herein shall not be construed as legal advice. This website is to be considered as ATTORNEY ADVERTISING. Past settlement and verdict values are no guarantee of similar future outcomes. This firm may retain local counsel to prosecute cases. This website has not been approved by the Court of Appeals of Nevada or the Nevada State Bar. Cases may be co-counselled or referred to other firms for
SitemapPrivacy PolicyTerms Of Service