Some may argue no. At Short Sale Legal Service, we KNOW the answer is YES!
After continous converstaions with your lender, it most likely became apparent that they weren’t really much help, huh? Of course, they were only looking out for and protecting their interests.
You should too.
Having a Realtor alone is not the same as going through the short sale process with quality legal representation. There are so many more variables and possible complications involved in a short sale compared to a regular real estate transaction. That’s why all Realtors of course have you sign a disclosure advising you to get an attorney, and that IF anything goes wrong – they’re not liable.
As part of our service to homeowners, first of all, we include a consultation with your attorney, where he’ll help you understand the entire foreclosure process, the timelines you’ll face with your lender during the short sale process and answer all your legal questions.
Next, if your sheriff’s sale date is approaching or draws near during the short sale process, he’ll actively petition the lender to postpone it.
Importantly, your attorney negotiates on your behalf with your lender and your lender’s attorney(s) to ensure the very best possible outcome for you.
He’ll review the contract of sale (purchase offer) from a potential buyer to be submitted to your lender during the short sale application process. Your attorney will also oversee the preparation of the short sale package for the lender’s approval including the hardship letter, financial statements and the preliminary HUD settlement statement.
There are so many possibilties for errors. When you essentially have only one chance to get it right, make sure you get it done right – get good quality legal representation to protect your interests.
