What is the Short Sale process?

First and foremost, Friedman Law Associates, P.C. will analyze the specifics of the borrower’s case and determine whether a short sale is a possible option. This analysis is based on determining which stage of foreclosure the borrower is in, as well as whether the bank is receptive to the idea of a short sale. If the bank is receptive, Friedman Law Associates, P.C. will find you a local realtor who specializes in short sale who will do a conservative market analysis of the homeowner’s property to determine its value. Then, the realtor will list the property and find a buyer for the short sale property. Once a buyer is found, Friedman Law Associates, P.C. will present and negotiate the offer to the borrower’s lender, and once it is accepted, the closing process is similar to a traditional real estate purchase.

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