If you are facing a foreclosure, a short sale may be the answer. Stephen K. Hachey is a Florida short sale attorney with years of experience helping clients avoid foreclosures by negotiating short sales.
A short sale occurs when a lender agrees to accept less than the amount owed to pay off a loan in order to avoid foreclosure. If the property is worth less than the amount owed on the loan and the lender forecloses, the lender knows that they are going take a loss. A Florida short sale lawyer can often convince a lender that it will be more beneficial if they take less than what is owed now, rather than taking the property back by foreclosure and trying to sell it later.