Short Sales/Real Estate Attorney in Long Island
For some clients, selling their home is actually the relief that they need. After reviewing the delinquent borrower’s financial portfolio, it may become obvious that they can no longer afford the home. Many owners have often realized this and tried unsuccessfully for months to sell their home through traditional real estate methods.
But, because of market fluctuations and changes beyond control, sometimes a home may not sell at the anticipated full price of the loan. A Short Sale allows you to sell the home to a third party at a price which is less than the total amount that is owed.
Real estate law is the body of regulations and legal codes which pertain to such matters under a particular jurisdiction and include things such as commercial and residential real property transactions. Real estate is often considered synonymous with real property (sometimes called realty), in contrast with personal property (sometimes called chattel or personalty under chattel law or personal property law).
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