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Help With
Short Sales, Consumer Debt, Business Debt
A short sale
is when
the sale of a home or commercial real estate is for less than the total
amount due on the mortgage. For example, if a mortgage loan is $300,000
and the home can only be sold for $250,000, the Seller must get
permission from the lender to sell the house. This is a "short sale"
because the amout paid to the mortgage lender is "short" or simply less
than the balance due. There is a lot of bad
advice
about short sales. Be careful and get a good lawyer
Are
you getting
threatened with a potential mortgage foreclosure? Having your attorney
negotiate a loan modification can help change some the terms of your
mortgage. For example, a lowered interest rate may make your monthly
payment more affordable to help avoid foreclosure. Sometimes, past due
payments can be rolled into the package to keep you current.
Short
Refinances are a
method for homeowners to get out from under a mortgage that is
more than the value of their home When a homeowner is
delinquent on payments and the value of the home is less than the
mortgage balance, most people feel helpless. It seems there is no
choice but to loose their home from either a short sale or foreclosure.
Call me
at (856)
665-2121 today!
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Ronald J. Cappuccio, J.D.,
LL.M.(Tax)
Counsellor
at Law
1800 Chapel Avenue West, Suite 128
Cherry Hill, NJ 08002 USA
Phone (856) 665-2121
Fax (856) 665-9005
Email:
Ron@TaxEsq.com
Client Private Access Website
©
Copyright
1996-2010 Ronald
J. Cappuccio, J.D., LL.M.(Tax) All
Rights Reserved
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