'Does a Short Sale Make Sense for Me?'
When debt becomes overwhelming, people tend to look for any way possible to overcome it. One option that may present itself is a short sale of your home.
At the law firm of Martin Krall, I have the experience needed to help you determine if a short sale is your best option. As an experienced bankruptcy attorney, I will help you make the choice that is right for you.
What Is a Short Sale?
A short sale is when your mortgage lender allows you to sell your home for a price that is actually less than what you owe on the mortgage.
The question is what happens with the difference between the amount you make on the short sale and the amount you still owe? Some mortgage lenders may agree to forgive that additional debt. Others may still ask that you pay it.
Does a Short Sale Make Sense?
For some people, a short sale may be a great option. For others, it may not be. It is important to have an experienced lawyer carefully review your situation to determine whether or not it is the right step for you.
I will take the time to look at your situation and work with you to weigh the costs and the benefits. You can be confident that I will point out alternatives, such as filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy, if those alternatives make more sense than a short sale.
Free Consultation — Find Out More About Short Sales
If you are struggling with debt, you can't afford to pass up a free consultation with an experienced lawyer. Call today to discuss short sales and other workout agreements. Contact me today. My firm serves people in and around Macomb County, Michigan, in areas including Roseville, Warren, Sterling Heights, St. Clair Shores, and Clinton, Harrison, Macomb and Shelby townships.
