What is a California Short Sale? California short sales are a common alternative to foreclosures. A short sale in California occurs by reducing a secured real property mortgage to equal or lesser value than the current market value of the property. In short sale transactions, lenders and mortgage holders agree to reduce their mortgages and allow the homeowner to sell the property at a reduced price. This benefits the homeowner because they can avoid having a foreclosure from being on their credit record.
Hire a California Short Sale Lawyer: California short sale transactions can be tricky for both the homeowner and the buyer. A short sale transaction should be addressed and outlined beforehand; otherwise it can have serious legal consequences and cause loss of investment. It is advised to seek the assistance of a real property lawyer. A lawyer can review the terms and conditions, negotiate disputes and complete a short sale transaction for homeowners and buyers.
Find a California Short Sale Lawyer:A lawyer can help minimize the possibility of risks or problems during a California short sale transaction. If you are considering a short sale as an alternative for foreclosure, or if you are currently in the process of a short sale transaction and need a real property lawyer, call Attorney Search Network. Attorney Search Network can connect you with a real property lawyer near you that can handle California short sale transactions.