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| Answers to your Real Estate Transactions/Short Sales |
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Contact us |
Phone: 954-722-1300
Toll Free: 800-881-1300
Fax: 954-722-8125 |
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| Real Estate Transactions/Short Sales |
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| We help those at Risk of Losing their Home |
Short Sale: There are two types of short sales. A short sale is where a property is sold to anyone who can qualify to buy the property and is done with the permission of all the parties that you owe money to. They must agree to take a lesser payoff than what may be owed. The second type of short sale is when you are selling the property to a "friendly buyer". Please note that short sale bailouts may not be permitted amongst family members.
In a short sale, you would sell your property prior to the foreclosure sale. In some instances the creditor may be willing to accept an amount that is less than the total payoff amount in exchange for a release of mortgage. If a bankruptcy planned, we recommend a short sale after the bankruptcy so that there is no deficiency and no 1099. |
| Call us 954-722-1300 for Free Initial Consultation at our Fort Lauderdale. |
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| The Law Offices of Manny Singh can handle your short sale. We can also refer you to brokers who can list your property and work with investors ready to buy. |
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