Foreclosure Lawyer FAQs

• Q: How long do I have to try to sell my house as a 'short sale'?
  A: it depends on your lender's requirements and whether you qualify for any special government sponsored programs helping homeowners avoid foreclosure.   … More
• Q: Why Would a Lender Agree to a Short Sale?
  A: Banks and other lenders generally agree to short sales in order to avoid having to foreclose on a property and take it into their inventory. Most lenders would rather … More
• Q: Will My Lender Accept the Short Sale as Payment in Full for My Loan?
  A: Maybe. Your lender is not required to accept the short sale payment to satisfy your loan amount. The company may decide that you and your property do not qualify for … More
• Q: Can My Lender Come After Me in Court for the Loan Balance I Owe After a Short Sale?
  A: This depends in part on whether the property in the short sale is located in a judicial or a non-judicial foreclosure jurisdiction. In non-judicial foreclosure, also … More
• Q: What is a Short Sale?
  A: A short sale is where a homeowner sells their home for less money than they owe on the property. The owner of the home negotiates a discounted payoff with their … More