Las Vegas Short Sale Attorney
Understanding Your Options for Short Sale
A short sale refers to a situation in which a homeowner is underwater on his or her mortgage—in other words, the homeowner owes more than the total value of the home. In certain circumstances, the bank may agree to accept a lower amount than the homeowner owes on the mortgage, thus helping the owner avoid the negative consequence of home foreclosure. Short sales are lengthy, complicated process. It’s crucial to have the help of an experienced Las Vegas short sale attorney on your side. The Law Office of Rodney K. Okano has more than 15 years of legal experience, giving us the necessary skills, knowledge, and resources to assist you with the short sale of your home.
Considering a short sale? Call our firm at (702) 903-1446 to set up your free consultation with our skilled attorney.
How Does Short Sale Work?
The first step in any short sale is getting the bank to agree. Once the bank agrees to a short sale, the next step is to receive approval for a short sale amount you set. When working to get the bank to agree to a short sale on your home, it’s likely that you’ll have to lay out why you can no longer make payments on your mortgage. Though the process is time-consuming and complicated, when it is successful, a short sale can be beneficial to the homeowner.
Some of the benefits of pursuing a short sale include:
- Less credit damage than home foreclosure
- Control over your home, finances, and future
- Relatively quick eligibility for a new mortgage
- Less risk than waiting out the housing market
In order to increase the chances that you will be able to successfully pursue a short sale on your home, it’s imperative to seek the help of an experienced short sale lawyer in Las Vegas or the surrounding areas.
How Our Firm Can Help You with Your Short Sale
The Law Office of Rodney K. Okano offers skilled legal guidance and aggressive representation on your behalf. We can answer your questions, address your concerns, and help you understand your various options for short sale. No matter how complex or difficult your situation may be, our team of professionals is prepared to help.
Contact us by calling (702) 903-1446 to learn how we can help you with the short sale of your home.