Why Does My Realtor Insist That I Contact A Real Estate Attorney?
By Chandler Man on 09/21/2010 – 8:50 pm PDTOne Comment
If you are thinking about selling your house as a short sale, it is critical that you speak to a real estate attorney before make the decision. In some cases, the short sale might be the best route but in other cases, the short sale could put you at risk for costly deficiency judgements, tax liabilities and other long term hardships.
Listen to your Realtor and talk to the professionals that can help ensure that you are making the best decision for the long haul.
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Technorati Tags: deficiency judgement, Foreclosure, real estate attorney, Short Sale, trustee sale
Tags: Attorney, deficiency judgement, Estate, foreclosure real estate, Real, tax liabilities
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As a real estate investor and home owner, I always use a real estate attorney to do even the simplest of task. Not all real estate attorneys are created equal. When looking for a real estate attorney, look for one that is an active real estate investor in your local market (they will more than likely be current on local real estate law) and one which handles bankruptcies. Bankruptcy can either defer a foreclosure or may even help you keep your house depending on the state you live in. The bottom line when dealing with real estate: always hire an attorney which specializes in real estate!