Short Sales

Bronx Real Estate Attorney
The Law Office of Phil Napolitano
FREE initial consultation
Call 718-409-0200  

Bronx Lawyer for Short Sale of Real Estate

With house prices falling and mortgage interest rates rising, many properties cannot be sold at a price that allows the seller to pay off the mortgage in full. Under these circumstances, short sales are an increasingly popular option.

In a short sale, the lender agrees to accept the sale price as payment in full. Contact us to discuss the possibility of negotiating a short sale of your home.

Your Advocate Throughout the Process

The short sale process is complex, but an experienced real estate lawyer can help you through it and make sure it goes as smoothly as possible.

We will help you apply to the bank for a short sale, documenting the hardships that have led you to seek this option. The bank will assess the value of the house and your financial situation in order to decide whether to accept. If you have multiple mortgages and/or home equity loans, the process will involve multiple lenders.

Throughout this process, having a skilled attorney negotiate on your behalf can increase your chances of getting a positive result.

Motivations for a Short Sale

There are several reasons why you may want to negotiate a short sale. Your overall debt may be so high that there is no way to avoid foreclosure while keeping your home. A short sale prevents you from being dragged into foreclosure and further damaging your credit rating.

Contact us to schedule a free initial consultation at which we can discuss the short sale process and whether it is right for you.

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Law Office of Phil Napolitano
The Bronx Real Estate Attorney
1519 Castle Hill Avenue
Bronx, NY 10462
Telephone: 718-409-0200

The Law Office of Phil Napolitano, located in the Bronx, represents clients throughout the New York City area, including the Bronx, Brooklyn, Manhattan, Queens, Staten Island, White Plains, Mineola, Parkchester, Baychester, Belmont, Castle Hill, Fieldston, Longwood, Melrose, Norwood, Riverdale, Woodlawn, and all of Nassau, Suffolk, New York, Kings, Bronx, Richmond, Westchester, and Rockland counties.