Short Sales

Short Sale Attorneys - Central Islip, New York

As a result of the recent declines in the market value of real property many banks are beginning to approve short sales. We at The Law Office of Margaret Carlo, P.C. have helped steer many of our clients through this process.

A short sale approval occurs when the lender agrees to accept less than the total mortgage amount due when a property is sold. With the current market values falling below the mortgage balances often the banks are owed more than a home can be sold for. The owners of these homes that are "underwater" need to provide much documentation for the bank to make a determination as to whether they will approve a short sale. The attorneys and staff at our firm can help facilitate this process on behalf of the seller. It is at the bank's discretion whether they will or will not approve a short sale. The Law Office of Margaret Carlo, P.C. can present your case in the most favorable light so that a bank can expeditiously consider the request. In addition to a short sale, the homeowner may qualify for a loan modification or may want to discuss the mortgage foreclosure defense option with our office.

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