How Much Does a Short Sale Cost?

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Know the Law and the Short Sale Process

While a short sale can be a viable option for individuals who want to walk away from mortgage debt and their homes, it is important to have a clear understanding of your rights, obligations and any long-term consequences of a short sale. As a general rule, the short sale will cost you little or nothing out of pocket and you will usually not have to pay any fees at the closing.

I am Clermont, Florida, lawyer Merideth Nagel, and I am experienced in helping protect the rights of my clients through the short sale process. If you are experiencing financial hardship and have missed mortgage payments or are finding that you are unable to pay the lender, you may be able to obtain relief through a short sale. Lenders recognize that you do not have money to pay and may be willing to allow a short sale or accept an amount less than what is owed on the property.

How Much Does a Short Sale Cost?
  • Lenders recognize that you do not have money for closing costs, commissions or taxes and the short sale lender will pay all of these costs, including realtor fees and attorney fees.
  • Lenders want to avoid having to pursue foreclosure of a house or having the borrower file bankruptcy, which can cost them thousands in lost payments, legal fees, court, taxes and maintenance. A short sale allows the quick transfer of property and they can collect a larger portion of what is owed.
  • Tens of thousands of short sales close every year with minimal costs to sellers.
  • Remember that there are exceptions, and without experienced advocacy, you could be left paying unexpected fees or a deficiency judgment.

As your attorney, I will review documentation and negotiate on your behalf with lenders, at absolutely no cost to you. I will take the time to explain all of your rights and options and help you make the best decision. If you decide that a short sale is right for you, I will negotiate on your behalf and work toward an optimal resolution in your favor.

Contact a Clermont Short Sale Lawyer Today

Should I pursue a short sale or save my home? As your attorney, I will never stop fighting to protect what is most important to you. To schedule an initial consultation with a Clermont short sale lawyer, call 352-394-7408 or fill out a short contact form today. We want to understand your concerns and provide the help you need immediately.

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