Avid Law Center Expands to Represent Sellers Negotiating Short Sale Transactions
Orange County-Based Real Estate Litigation Firm Aids Homeowners Seeking to Avoid Foreclosure Through Short Sale
(firmenpresse) - ALISO VIEJO, CA -- (Marketwire) -- 01/19/12 -- today announced the expansion of its practice to help distressed homeowners negotiate short sale transactions. By expanding its mortgage debt forgiveness services, the Orange County, California-based real estate and litigation law firm is providing additional assistance for underwater homeowners facing foreclosure.
As foreclosure activities by banks are expected to increase in the coming year, are increasingly becoming an option for homeowners, especially those who do not qualify for loan modifications, to avoid foreclosure and minimize damage to their credit history. While short sales have their clear benefits for homeowners, they are also much preferred by banks who stand to make more and spend less in a short sale transaction than a foreclosure. However, while beneficial to homeowners, negotiating short sales can be complicated so it's important that homeowners work with the right professionals.
"Real estate agents excel at buying and selling property, but they cannot give legal advice and since they are paid only on short sales that close, they don't always work in the homeowner's best interest," said Aron Rofer, President, CEO and managing attorney at Avid Law Center. "At Avid Law Center, we work to ensure that homeowners' financial interests are protected in short sale negotiations and ensure they are not taken advantage of in their time of need."
Typically, homeowners who are under water with their mortgage or cannot maintain mortgage payments enter in a short sale where the bank allows the property to be sold at a loss instead of going through a lengthy foreclosure process. However, the bank must approve the short sale and successful negotiation will not only close the sale but also avoid a deficiency judgment which makes the homeowner personally liable for the unpaid debt.
Avid Law Center's helps to evaluate the short sale and foreclosure documents to negotiate from a position of strength by using the tools of lender liability, potential litigation, and even bankruptcy protection to help obtain a short sale approval in the homeowner's best interest. In many cases, Avid Law Center can also demand relocation assistance money to help homeowners with moving costs and expenses.
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About Avid Law Center
Based in Orange County, California, Avid Law Center is a full service representing consumers throughout the state. With over 30 years of legal experience, as well as significant experience in business and finance, Avid Law Center challenges banks on behalf of their clients to stop foreclosure and reduce clients' mortgage payments to an affordable amount.
The information in this release is for general information purposes only. Nothing in this release or on the Avid Law Center website or should be taken as legal advice. Prior successes are no guarantee of future performance. Litigation is inherently uncertain and results in litigation are never guaranteed.
Media Contact:
Amanda Tsang
601-336-6578
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Datum: 19.01.2012 - 17:00 Uhr
Sprache: Deutsch
News-ID 105946
Anzahl Zeichen: 1648
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Town:
ALISO VIEJO, CA
Kategorie:
Legal
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