When it comes to purchasing a property through a short sale, having a real estate attorney is essential. The process is generally more complicated than a traditional sale, which in terms of a transaction, means more paperwork.
What are the benefits of purchasing a short sale property?
As the buyer, you will have the opportunity to purchase a property at a fair market value without dealing with the risks of buying a foreclosure. It is possible to find the home you are looking for at a bargain price if dealing with a short sale.
Why do you need a real estate attorney when purchasing a short sale?
There can be a lot of complications when purchasing a home during a short sale. They typically take longer than traditional sales. A real estate attorney is essential to simplify the process. Part of your lawyer’s responsibilities will be to research the possible obstacles involved in the sale, and plan accordingly for them. Short sales typically come with extra costs as well, so it is helpful to have an attorney present to make sure you have the necessary funds budgeted.
It is almost unheard of to navigate a short sale purchase without a real estate attorney. Our experienced lawyers will walk you through the short sale process and make sure your interests are protected. Reach out to us with any short sale related questions.