When the bank lets you sell your home for less than what you owe on the mortgage, it's called a short sale. This allows the bank or lender to recoup a portion of what's owed and avoid the long and expensive process of foreclosure. William Grausso, Esq. is here when you need a short sale attorney in Riverhead, NY. We'll work to negotiate a price that works for you and the lender.
If you want to sell your home in a short sale, contact us today to find out if it's the right option. During your free legal consultation, we can discuss your situation and decide on the next best steps moving forward. Your short sale attorney handles the transaction to ease the processes for you.
When you're worried about a foreclosure, it's important to look into your options. A short sale allows you to pay off a portion of your debts. You may consider a short sale over a foreclosure because: