With a difficult economy plaguing so many individuals, many have found themselves in default on their mortgage, and potentially facing the possibility of foreclosure. Foreclosure is certainly a last resort for homeowners and if possible it is avoided at all costs. It is for this reason that more and more defaulting homeowners are turning to strategic sales to avoid foreclosure or get out of an poor investment.
The process of strategic short sales can be tricky and complicated, especially as a lender may already be determining that you are a candidate for foreclosure. But, there are certain agencies that need to be consulted and documentation that needs to be filed prior to selling your home in a short sale to avoid foreclosure or get out of your bad investment. While there are some realtors who chose to avoid this kind of sale, it is important to seek the professional and legal assistance of an attorney who can shed some light on the legality of your particular situation.
With the help of an experienced attorney you can obtain the necessary information you need to know before you decide to perform of strategic sale, learn about the forms that are needed and get a step by step process for what you need to do. This is not a common way to get out of your investment, so you can certainly benefit from someone who knows all about strategic sales.
For more information regarding how Nishad Khan P.L. can assist with property acquisitions, contact us today!