Helping You Learn If A Short Sale Is Right For You
If you have been threatened with foreclosure and are exploring your options, you may have heard about short sales. A short sale is when a home is sold for an amount short of what is owed on it. This is something the mortgage company must agree to. While a short sale of your house may be an option, it is important to consult an experienced lawyer to learn more about it and consider your full range of choices.
The Pitfalls Of Short Sales
A variety of problems can come with using short sales as a foreclosure defense strategy. For one, it is not fast. You may wait months for the mortgage holder to give you permission to move forward with the short sale. In that time, I could help you file bankruptcy and eliminate all your debt, possibly even keeping your home in the process.
I am Memphis short sales attorney Ben Sissman. With more than 30 years of experience on my side, I will take great care to educate you about all the pitfalls of short sales. If you move forward with this option, I will arm you with information so that you do it right.
For example, you will need to make certain the mortgage company agrees in writing not to collect on the deficiency. Otherwise, the mortgage company may come after you for the rest that you owe sometime in the future. I want you to be protected. However, I believe that all pitfalls can be avoided simply by filing bankruptcy instead.
Free Initial Consultation | Avoid Tennessee Foreclosure Through A Short Sale
The law office of Ben Sissman is a debt relief agency that helps people file for bankruptcy relief under the Bankruptcy Code.