Can I do a short sale if I have a second mortgage or home equity loan?

Yes, you can do a short sale where the owner has a lot of assets or a lot of cash. The issue becomes what is available to satisfy any deficiency that may be there. And then it’s our job as your attorney to negotiate that deficiency to a small amount as possible. If there’s for example, $150,000 deficiency, you may be asked to contribute $5,000, $6,000 to that deficiency.

Get a Free Consultation

Read Some of our Other Recent Posts

Modifying Child Custody Agreements in Florida: Legal Steps

Life changes, often in ways we cannot predict, and these changes can affect existing child custody agreements. Whether it’s a new job, a relocation, or concerns about a child’s well-being, parents sometimes find that their current custody arrangement no longer works...

How Mediation Can Simplify Divorce in Florida

Divorcing couples often face emotional and financial stress, drawn-out litigation, and increasing animosity as they work through the complexities of ending their marriage. But what if there was a way to ease these burdens while achieving a fair resolution? Mediation...

How to Modify Child Support Agreements in Florida

Child support agreements are designed to provide financial stability for children, but life circumstances can change, making it necessary to revisit these agreements. Whether it’s due to a change in income, a significant shift in a child’s needs, or other factors,...