Connecticut's Largest Provider of Legal Services
for Financial Problems Since 1983
Experienced Short Sale Attorneys
The short sale process requires careful analysis of your particular situation, thorough preparation and aggressive negotiation with your secured creditors. When short sales go wrong, they go very wrong, so it is essential to start with a good plan that addresses all of the factors involved in a successful short sale. It is important to consider:
- The true value of your home
- All of the liens against your home
- All of the customary costs of closing
- New obligations to real estate brokers and potential purchasers
- The time and expenses involved in trying to sell your home without advance lender approval
- Other household debt
- Tax ramifications
Since 1983, our attorneys have been helping homeowners with mortgage problems. We guide our clients through effective big picture solutions that can save their homes from foreclosure and provide them with permanent short sale debt relief.
Contact our Connecticut short sales attorneys today to schedule a free initial consultation. When you call our offices in Hamden, Bridgeport, Waterbury, Rocky Hill or Ridgefield, you speak with an attorney right away. Call us at 203-230-2233 or 888-249-3027 toll free.
Alternatives To Short Sales
Make sure you understand the full short sale process before allowing lenders to press you to "sell your home."
Be careful. Banks always encourage short sales but don’t often help assist the homeowner in producing a swift and successful short sale.
In many situations, a short sale is not a viable or proper option.
Consult with our experienced attorneys in advance to determine if a short sale will provide you with full debt relief now and assure you a lasting and improved financial future.
Our advice is always properly developed in advance and customized to your needs. We will carefully analyze your full financial picture and determine the best options available to you, so that you can make the most informed decision possible. You do not have to allow your home to go into foreclosure, and you should only consider a short sale if you understand all the alternatives that fit your best interests; including:
- Deed-in-Lieu of Foreclosure: Under certain circumstances, a homeowner not wishing to keep their home may have no other debt problems other than a difficult first mortgage. In this case, a return of the property to the bank without further obligation for the mortgage can be the best option available. Under this alternative, a deed-in-lieu of foreclosure transfers the house to the bank without the need for an outside sale or any further deficiency obligations.
- Chapter 7 Bankruptcy: Our guidance through Chapter 7 relief provides for the elimination of mortgage obligations and other unsecured debt, . After Chapter 7 debt relief, you may be able to become current on monthly mortgage payments or negotiate a mortgage modification you can afford. We can help you save your home and avoid deficiency judgments without the detrimental tax implications of a short sale by qualifying you for Chapter 7 Bankruptcy.
- Chapter 13 Bankruptcy: If a short sale isn’t right for you, a Chapter 13, can help you completely restructure all types of debt, stop foreclosure, and eliminate or modify unsecured debts, a second mortgage, credit lines or tax debts. We have obtained thousands of successful Connecticut Chapter 13 plans enabling families to reach an affordable three- to five-year repayment plan with all types of creditors while protecting all of their family's assets.
- Foreclosure defense: We can fight on your behalf to prevent improper and illegal foreclosure actions. With our specialized knowledge and experience, we can save your home from foreclosure.
- Foreclosure mediation: Our attorneys can help you avoid ill-advised short sales by preparing and submitting an application for mortgage mediation based on your unique hardship. Foreclosure mediation is mandatory in Connecticut. Comprehensive financial documentation, a convincing hardship letter, a thorough understanding of what your lender wants out of the deal and specialized legal counsel is essential in achieving a modified mortgage with lower interest rates and the re-working of past-due balances.
- Mortgage modification: If you don’t want to short sell your home but need to solve back-due payments or obtain a lower interest rate, we can help you negotiate with your lender to rework the interest rate and terms of your mortgage. A comprehensive, well-prepared mortgage modification can lower your monthly payments and cure past due mortgage payments.
Contact Experienced Connecticut Foreclosure Defense and Short Sale Attorneys
With over 30 years of specialized experience, we know how to protect your rights and guide you through all the necessary steps to prevent home loss to foreclosure and obtain your best possible outcome through short sales, foreclosure solutions, and comprehensive debt relief options. Our attorneys can protect your financial future and help you save your home and implement all the laws that assure our clients of a productive financial future.
Call 203-230-2233 or 888-249-3027 toll free to speak with an attorney at The Law Offices of Neil Crane, L.L.C., or complete our online contact form to schedule a free initial consultation. We are a debt relief agency.
We help people file for bankruptcy relief under the Bankruptcy Code.