Vero Beach Short Sale Attorney
At the height of the real estate market here in Vero Beach, the sky was the limit. Home values were soaring with each month, building nearly instant equity. Then, as we all know, the housing bubble burst, sending real estate values plummeting.
As a result, many Floridians, including good people right here in Vero Beach, find themselves owing much more on their mortgage than what their home is worth in today’s market. Within the mortgage and banking industry, this situation is called being underwater.
It’s bad enough if you are in this situation. Having financial issues, another symptom of the economic downturn, only compounds the problem. For a variety of reasons, you have found it difficult to meet your monthly obligations to creditors.
Thankfully, there is one possible form of relief to consider – a short sale of your home. Our experienced attorneys here at the Vero Beach office of Yesner & Boss, P.L., can help you explore that option.
In simple terms, a short sale is the sale of a house for fair market value, even if the price is less than the balance of the mortgage. Understand, too, that short sales help you and the lender. If the lender accepts the proceeds from a short sale, you are able to pay off the loan at a considerable discount. For the lender, it eliminates a lengthy and costly foreclosure process.
That is not to say, though, short sales are truly simple. Without the proper legal knowledge and assistance, this short sale process can be overwhelming and include legal and tax consequences. At Yesner & Boss, P.L., a short sale attorney helps you prepare the offer, complete the sale and submit the proceeds to the bank to pay off your mortgage. In most cases, you will face no further liability. It is the experience within our Vero Beach office that often makes the difference in a successful short sale.
Yesner & Boss, P.L., also offers experience beyond short sales. We also represent Vero Beach homeowners facing foreclosure. Our experienced attorneys work with clients every day to help protect their homes, families and credit ratings. Our attorneys offer clients potential solutions that often help avoid foreclosures, deficiency judgments or, if necessary, delay a foreclosure sale, buying them time to sell or vacate the home.
For more information on relief from short sales and foreclosures, contact the Vero Beach office of Yesner & Boss, P.L. and make an appointment today so we can explore a solution that is in your best interests.
