Pollock Pines Short Sale Attorneys and Real Estate Agents
In Pollock Pines many homeowners are still upside down on their homes despite the recent rise in real estate values. This is especially true if you bought at the height of the market, or if you refinanced and/or took out a junior lien (2nd or 3rd loan).
It is important to have the qualified and experienced Pollock Pines short sale attorneys at the Litchney Law Firm, P.C. manage the negotiations in your Pollock Pines short sale. Through their affiliated in-house brokerage, StoneCrest Realty, their Pollock Pines short sale lawyers and Pollock Pines short sale agents can also help you list your home for sale, and this double representation will not cost you anything but will give you extra protection and services over using an “average” real estate agent who is not a licensed attorney.
What is a Pollock Pines Short Sale?
In real estate, a short sale is when a bank or mortgage lender allows the home to be sold for less than what is owed to the lender currently. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turn over the proceeds of the sale to the lender for full satisfaction of the debt, so that there is no liability. In such instances, the lender would have the right to approve or disapprove of a proposed short sale.
We have a great success rate in getting our short sales approved, no matter the borrower’s specific situation or finances. Our short sale approval rating for the past two years has been over 95%. When compared to the industry standard approval rating of agent only negotiated short sales (without an attorney) of around 50-60% you can see the difference.
Federal and State Income Tax Exceptions
Even though the Mortgage Tax Debt Relief act expired on January 1, 2014 and Congress has yet to pass a bill that would extend this important act there is another exception available. This exception is available to California homeowners who complete a short sale successfully and it will exempt them from paying any federal or state tax on the difference on the forgiven amount.
This makes it all the more important that your short sale actually get approved by your lender! Please call us to schedule a consultation to go over this information and we always recommend that you speak to a tax professional that is well versed and up to date on 1099’s as they relate to short sales.
Experienced Pollock Pines Short Sale Lawyer
We know Pollock Pines short sales. Currently we have negotiated over 500 short sales since 2007 and we have been involved in assisting Realtors or others in some capacity in hundreds of other short pay transactions (short sales, settlements, etc.). We have more experience in this area than any other lawyer or Realtor that we are aware of.
Not only do we understand California law as it applies to mortgages, short sales, lender behavior and requirements, but we know how to get issues resolved and escalate them if the lender is not behaving. There are obstacles to any sale; it is how we treat, and navigate those obstacles successfully that sets us apart from our competition. At any given time we are able to write legal demand letters that are written from an attorney, and we have found that this helps immensely with any issues we may be experiencing whether it is with the servicer, investor, lender, buyer or buyers lender.
Attorneys can add credibility to any negotiation especially where short sales are involved because the lenders/servicers may be worried about the threat that attorneys have. Of course the legal knowledge that the experienced attorney should possess means credible arguments cemented in California law can be made on your behalf showing why your lender should approve a short sale!
We carefully carve out a personal game plan for each client and their unique situation. Whether a client makes $80,000 a year, or $500,000 a year; is $100,000 upside down or 1 million upside down in their home value we have handled it all.
Affiliated In-House Brokerage To Serve You
Through our in-house affiliated brokerage StoneCrest Realty, we are able to assist with issues including buying and selling anytime of real estate (single family residential, multi-family, investment, luxury, commercial), Pollock Pines short sale‘s, Pollock Pines deed in lieu of foreclosure, mortgage settlement, review and advice of foreclosure notices and process, contract disputes, commercial and residential leasing, risk management, asset protection for landlords and investors or if you need to buy a new home! You get the benefit of experienced real estate attorneys and real estate agents to make sure you are protected no matter what your goal is.
Contact A Pollock Pines Short Sale Attorney and Pollock Pines Short Sale Real Estate Agent
Do you need legal assistance with a Pollock Pines short sale real estate matter or in buying or selling a Pollock Pines home? Litchney Law Firm- Pollock Pines short sale attorneys – can assist you with your case. Contact one of our Pollock Pines short sale attorneys at Litchney Law Firm.
We are experienced Pollock Pines Real Estate Attorneys and Pollock Pines Realtors. We are a unique and powerful combination and can help you with your real estate legal issues. We have helped thousands of people with pressing real estate issues find solutions and relief through the use of short sales, deed in lieu of foreclosures, strategic foreclosures, mortgage debt settlements and legal real estate review and advice.
Our real estate attorneys have achieved proven results and can give you the great legal advice and strategy needed to get you the results you want. Contact us today to schedule your complimentary attorney consultation by clicking HERE or by calling 916-757-6000. We look forward to helping you with all of your Pollock Pines real estate needs.
The results mentioned are not indicative of a result that you may receive as all cases and clients’ financial situations are different. We do not and are not able to guarantee any results. Please be careful of any company that does, guarantees in this industry and in the legal field in general are impossible.
