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A Short Sale Can Happen to Anyone by Cleo Gib
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A Short Sale Can Happen to Anyone |
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Law
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When you bought your home about six years ago both you and your husband were working full time and things were looking great. You had a plan to buy your home and live in it for one year and put some improvements into it and then sell it for a profit and put that money towards your forever home. However, while you were in the midst of the improvements the market bubble burst and you lost all the value that you had in the home. You were stuck in the home for a few years while the market recovered and you were on track to sell for a modest profit within five years. About a year ago your husband lost his job and he is having a very hard time finding another. You have used up your savings and haven’t been able to make a payment on your home in six months. You are now joining the many people who are facing a short sale in Las Vegas. Taking a Loss If you were able to just sell your home and not have a large amount owed still, you wouldn’t even be thinking of a short sale in Las Vegas. You are just in a tight spot with the current economy. You don’t want to face a foreclosure, so you are working with a lawyer to get your lender to approve the sale and hopefully protect your best interests will At The Schwartz Law Firm, our Las Vegas bankruptcy attorneys handle most types of bankruptcy filings on behalf of clients who are facing excessive debt, foreclosure, garnishment of wages or the failure of a small business. For short sale in Las Vegas, contact us today! (http://www.schwartzlawyers.com/real-estate/short-sales/)
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