Find Top Rated Short Sale Lawyers for your case

Short sales allow homeowners to sell property for less than the mortgage balance with lender approval, avoiding foreclosure but requiring careful negotiation.

Key steps include:

1. Securing a qualified buyer and contract
2. Submitting hardship packages to lienholders
3. Negotiating deficiency forgiveness or repayment
4. Coordinating closing once approvals arrive

• Multiple lienholders with competing demands
• Mortgage insurance or investor approval delays
• Tax and credit consequences for sellers
• Buyers withdrawing during lengthy review periods

Attorneys manage negotiations, ensure disclosures, and protect clients from surprises at closing.

• Preparing hardship letters and financials
• Negotiating release of liens and deficiencies
• Coordinating escrow instructions and payoff statements
• Advising on tax, credit, and relocation ramifications

Bring in an attorney at the earliest sign of hardship to maximize negotiation leverage.

• You anticipate default and want alternatives
• You received initial foreclosure notices
• You have second mortgages or HELOCs
• You are unsure about deficiency liability

LexPair introduces homeowners to attorneys who routinely negotiate short sales with national and local lenders.

Fees may be covered within closing costs or paid hourly depending on jurisdiction and lender policies.

• Attorney negotiation fees
• Escrow and title charges
• Potential relocation or incentive program costs