Negotiating Transactions with a Real Estate Lawyer

There's a difference between a real estate lawyer and a realtor. It is important to understand both of them well to know which one you should be using.

Beverly Hills, CA (prHWY.com) March 23, 2012 - There's a difference between a real estate lawyer and a realtor. It is important to understand both of them well to know which one you should be using. Your real estate agent may be well versed in small deal and you may be confident in their abilities to help you through this difficult process but your real estate agent is not a real estate lawyer and if anything goes wrong with your little retailing you won't have a legal leg to stand on to hold your property agent legally responsible for your short sale legal problems.

If you are facing a home foreclosure you need to investigate all your options before you simply walk away from your home or let the bank grab it. Many home owners have attempted mortgage loan modifications, only to be frustrated by the lack of cohesiveness in the banking system and often lack luster results in the end. A more realistic option for many home owners is to either go along with the foreclosure or to accept a little vending offer. A short sale of your home is one way to avoid a home foreclosure that will do significant long time damage to your credit. Small trade however can be complex and are not something you should even attempt or contemplate without the assistance of a lawyer.

You may feel while you are going through the little deal process to stave off bankruptcy that you simply cannot afford the expertise of a legal representative but the truth of the matter is, if you don't use a attorney you may end up losing money and finding more complications and loose ends than either you or your realtor can successfully handle without some type of legal help.

Don't forget a short sale is more complicated than a traditional home sale because the mortgage lender must approve the small auction price which is generally at a huge loss for the lender but often the only option in a tanked real estate market. Some lenders will attempt to come after you for the balance of a little deal and this is just another reason among many that you should not attempt a short sale without the help of a lawyer to protect you. They can advise you on what steps you need to take to ensure your future financial security is not jeopardize by your little trade home today.

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Tag Words: real estate lawyer

Categories: Law

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