QUESTION
LOOKING FOR A LAWYER THAT IS KNOWLEDGEABLE IN SHORT SALES AT A REASONABLE PRICE.
Asked on Aug 03rd, 2016 on Real Estate - New York
More details to this question:
Real estate is talking about short sale and I am looking for a lawyer that is knowledgeable in that area, that will guide me thru the process. Ranch home, Husband died and wife gone to nursing home. $79,000 home equity loan and need to get out without too much cost as nursing home is eating up savings.
1 ANSWER
1 Award
In short sales, the bank allows a carve out from the proceeds of sale for the lawyer fees. You should not pay anything out of pocket. Any lawyer telling you differently is not right. The process is like a regular sale. Get a broker experienced in short sales.
Answered on Aug 05th, 2016 at 6:22 AM