Avoid Foreclosure with a Short Sale
Can't keep up? No one wants to give up their home, but sometimes unforseen circumstances make walking away the best option. If you are facing foreclosure, you may be able to negotiate with your lender to sell your home for a reduced rate that is less than the mortgage due, also known as a short sale.
A licensed realtor as well as an attorney
In addition to a bankruptcy and debt attorney, Peter Kaplan is also realtor. As partner of Re-Bound Properties, a real estate agency based in Salem, Massachusetts that specializes in short sales, he can handle all aspects of the short sale process:
- Determine you are a candidate for a short sale
- Negotiate with your bank to accept a reduced price
- Sell your home for you to avoid foreclosure
Do you qualify for a short sale?
Not everyone with an upside down mortgage qualifies for a short sale. Before you jump on the foreclosure bandwagon, make sure you meet the qualifications for a short sale:
- The home's market value has dropped
- The mortgage is in or near default status
- The seller has fallen on hard times
- The seller has no assets
Even if you meet these requirements, there are many other challenges to completing a short sale. Not all lenders accept short sales. They would prefer to foreclose and own the property outright, so you'll have to work with a skilled negotiator to succeed.
Increase your chances of short sale success
Peter Kaplan knows the ins and outs of the short sale process. As an attorney AND a realtor, he is well equipped to handle all aspects of your short sale for you, increasing your odds of success. Call 800.611.5126 for a free consultation to see if you might be a candidate for a short sale.
Learn More About Short Sales
- More information about short sales
- view listings of short sale properties
- visit Re-Bound Properties
Explore all the options to avoid foreclosure
Find out if you qualify for a short sale. Call Peter at 800.611.5126 to learn more about the short sale process.