Is A Short Sale The Best Choice For You?

If you have fallen behind on your mortgage payments, you have likely been threatened with foreclosure. While it may be possible to avoid foreclosure and catch up on past due payments by filing for Chapter 13 bankruptcy, a short sale is also an option. A short sale means that you will not get to keep your home. However, it does enable you to avoid having a foreclosure on your record that can help limit the damage to your credit record. An experienced lawyer can help determine whether a short sale is an option for you.

At the Law Offices of Darin D. Pinto, P.C., our attorney brings nearly 30 years of legal experience to issues involving debt relief. We can help you identify and clarify your goals, providing you with the information you need to help you begin a new financial chapter in your life.

How Does This Type Of Sale Work?

Short sales happen when a homeowner and a lender agree to sell the house for less than what the homeowner owes. The money from the sale will be turned over to the lender. Depending on the details of your agreement, the lender may consider the debt to be fully satisfied once the sale is finalized, or you may still be required to pay off all or some of any outstanding mortgage debt. In certain situations, the buyer may agree to assume the mortgage, effectively clearing you of any remaining payments.

A lender is not required to agree to a short sale and this may not be the right option for your situation. We know how to negotiate with lenders and will work hard to protect your interests. We can also help explore other options designed to help you get lasting debt relief and let you know what steps you can take to begin rebuilding your credit score.

Contact Us To Find Out How We Can Help You

To learn more about short sales and other options to help address your housing debt, reach out to us. Call 908-317-9405 or contact us online to schedule an initial consultation. From our offices in Westfield, we provide representation to people throughout the surrounding areas of New Jersey.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.