Short Sale Attorney In Tucson, Arizona
What is a Short Sale?
A short sale is a sale of real estate in which the proceeds of selling the property fall short of the balance of the debts secured by liens against the property, the property owner cannot afford to repay the liens, and the lien holders agree to release the liens on the property and accept less than the amount owed on the debt.
When a Short Sale is Your Best Option
The decision to give up your family home is difficult and often rife with emotion. You likely purchased the house during more prosperous financial times. Years later, you are faced with a choice and questions. Is the house worth saving if it will only continue to be a financial burden?
At the law office of attorney Eric Ollason in Tucson, Arizona, we provide information and peace of mind for clients facing difficult times in their lives.
If you are considering a bankruptcy that includes the short sale of your home, contact us at 520-791-2707.
A Short Sale May Be an Option For You
At the law office of Eric Ollason, we understand the impact of financial problems leading to bankruptcy. No matter how high the score, a credit rating takes a significant hit. Foreclosure can also do damage. Whether a short sale of the home softens the blow is unknown. However, it remains a viable option for our clients looking to get out from under water on their mortgages.
Protecting Your Rights Under Bankruptcy Laws
Selling your home for less than the balance owed on the mortgage presumes that there is an amount left over that must be paid. State statutes may favor the creditor in attempting to collect on any unpaid amount. However, federal bankruptcy laws protect homeowners. Simply put, in most cases, you are not required to pay for something you no longer own.
While you focus on the short sale of your home, we will handle all aspects of your bankruptcy case. Your realtor can help you with the sales process. Our job is to serve as your most dedicated advocate and protect your rights.
For more information or to schedule an appointment with an experienced bankruptcy lawyer regarding a short sale to avoid foreclosure, please contact us.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.