Compassionate Charlottesville Law Firm Offers Sound Advice on Short Sales in Virginia
Counseling clients on alternatives to foreclosure
When faced with impending foreclosure, some homeowners choose to short sell their homes. In a short sale, the proceeds are less than the balance owed on the mortgage for that property. Selling your property for less than the total amount owed can be a viable alternative to foreclosure. Closings involving short sales differ from traditional purchases and sales. The professional staff and real estate attorneys at the Miller Law Group, P.C. have experience in these transactions and can provide guidance and support for all parties involved.
Is a short sale right for me?
Before you begin the short sale process, it is important to seek the advice of an attorney experienced in short sale transactions to help you evaluate the pros and cons of such a sale. If you don’t have a great emotional attachment to your home and can dedicate time to the process, a short sale may work for you. Short sales generally take from six months to one year and involve a real estate agent and your lender, who largely controls the sale. If your goal is to prevent foreclosure, our experienced debt relief lawyers at the Miller Law Group P.C. can protect your interests in a short sale.
Drawbacks to a short sale
Although a short sale may be the appropriate choice for certain debtors, it is important to consider the potential disadvantages:
- Short sales still negatively impact your credit score
- Short sales may not cancel all remaining debt on your mortgage
- You may still have a tax liability on the property after a short sale
Our attorneys, with more than 30 years of combined experience assisting clients in Albemarle County and surrounding counties in real estate matters, help you weigh the pros and cons of a short sale and come to a decision that benefits you and your family.
Contact us to learn more about preventing foreclosure through a short sale
If you’ve fallen behind on mortgage payments, the experienced attorneys with the Miller Law Group, P.C. can help you determine whether a short sale is a good option to prevent foreclosure. Our staff works hard to protect what’s important to our clients: their assets and their families. Call us locally at 434-218-3987 or contact us online today for your FREE APPOINTMENT. Our law firm is located behind the Senior Center in Charlottesville and is handicapped-accessible. Parking is available outside the door.
Serving the communities of central Virginia, including Albemarle, Augusta, Buckingham, Charlottesville, Culpeper, Fluvanna, Greene, Louisa, Madison, Orange, Harrisonburg, Staunton and Waynesboro