Short Sales

This page will provide general legal information about the topic of real estate short sales and how it may relate to foreclosure defense. All information contained on this website is general in nature, and should not be construed as legal advice or a substitute for legal advice. Although we have tried to be as accurate as possible, the following information may be inaccurate, missing some information, or outdated – as law can frequently change or become modified. If you have questions about your case, please contact a foreclosure defense or bankruptcy lawyer in your area. Please note, comments posted to this blog and emails sent to us are NOT confidential and do not create an attorney-client relationship.

General Information: Another alternative to being foreclosed on is to pursue a short sale.  A short sale is where you, as property owner, enlist the services of a real estate broker to list your house for sale, and seek to allow the lender to accept less than what you owe on your loan as full satisfaction of your loan.  As with deed-in-lieu of foreclosure, certain lender-specific conditions may apply, and tax consequences may need to be investigated with a CPA or tax attorney.