Avoiding Foreclosure by Short Sale Sometimes Requires a Good Lawyer

Are you pursuing a short sale as an alternative to foreclosure? If so a short sale attorney New York state might be just the ally you need in your corner. A New york foreclosure lawyer has seen it all when it comes to the full range of bankruptcy and foreclosure scenarios and is likely to be intimately familiar with all the alternatives that can save you (and your creditors, as in the case of short sale proceedings) money on fees and other costs that can quickly add up.

Attorneys in the Long Island area have seen plenty of this. A bankruptcy lawyer Long Island or foreclosure attorney long island is also bound to be familiar with short sale proceedings, in which the proceeds from sale of a property don’t quite cover the full balance of debts secured against that same property. The remaining balance is called the “deficiency” and (unless you’re in California, you lucky dog, you!) will typically still need to be paid to your creditors one way or another.

To make sure that you’re not getting ripped off in the short sale process, and to make sure everything you’re doing is properly documented for court and other records, the assistance of a foreclosure lawyer long island or other short sale attorney New York can’t be recommended enough. Any NY bankruptcy lawyer can handle the basics of this kind of sale and its aftermath, but you’ll need a short sale attorney New York who’s willing to stick with you through the entire process and ensure that everything is proceeding fairly (and that you’re not overlooking any important steps) all the way up to the point where your debt is paid off.

It may seem a little counterintuitive to hire an attorney at a time when money is already palpably an issue, but the trade off in safety and security during this difficult legal process is not to be underestimated. You really NEED some sort of bankruptcy lawyer or short sale attorney New York or Long Island in order to handle this.