Experience. Connections. Understanding.
Sommer & Engelhart, Attorneys at Law, in Essex County, New Jersey
Throughout our history, we have built strong working relationships with representatives in loss mitigation departments and banks. We pride ourselves on our outstanding reputation in the community for how we handle short sales. For help with negotiating a short sale for your house, call us at 866-446-6298 or contact us online.
As a licensed realtor, attorney Goldie Sommer, has access to the Multiple Listing Service (MLS) so we are able to research the value of homes and quickly assess what price you can reasonably expect to get for your house. Our firm was recently highlighted in a NJ.com article about short sales.
Attention to Detail
Negotiating a short sale is a very complex and time consuming process. Before we even approach the bank with the offer, we put together a short sale package. The package includes dozens of documents, including past tax returns, paycheck stubs, hardship forms, and property valuations. We will not submit it to the bank until it is complete.
As lawyers, we also prepare the proposed HUD-1 statement which lists all costs to the lender, including the real estate commission, attorney fee, transfer tax, unpaid taxes, unpaid water and sewer bills. We must make sure we do not omit any possible costs because they are paid by the lender and they must be disclosed right up front, before we get lender approval. This is why it is preferable to have an attorney do the work and not a realtor or "negotiating company" who popped up over the last 6-12 months to attempt to learn how to handle a short sale for some extra income and has no clue as to what they are doing.
Our goal is to get approval for your short sale quickly as possible. Between our professional connections with the title companies and our attention to detail in submission of the short sale package to banks, we find that our short sales are usually complete within 6 to 12 weeks, rather than months.
To learn more about how we can help you negotiate your short sale, contact us online to schedule a no-cost consultation or call us at 866-446-6298.
