Short Sale Attorney
Are you facing foreclosure and searching for an alternative to being foreclosed upon? Contact the short sale attorneys at Minchella & Associates. Our firm has more than 37 years of legal experience. Managing partner Erica Crohn Minchella has spent her entire career representing real estate buyers and sellers in a wide variety of real estate transactions including short sales. She can provide you the experience and guidance you need to manage this minefield.
Do I need a lawyer for a short sale?
Without question it is in your best interest to work with a short sale attorney throughout this process. Your lender is attempting to foreclose on what is likely the most valuable asset you have in your possession. Our law office can negotiate on your behalf with your lender to obtain the best outcome for you.
Most people facing a short sale have no experience negotiating with banks. Minchella & Associates has extensive experience in this area. We have found that every single lender requires different documentation and plays by different rules. Some lenders are straight forward whereas some lenders will require the same documentation five times. It is critical to know how to present your documentation to the lender in a way that prevents them from taking advantage of you. In addition, once the short sale has been negotiated, you will need a lawyer to close the transaction for you.
How do short sales work?
The process of a short sale varies depending on which lender with whom you are dealing. Minchella & Associates has dealt with virtually every lender and as such, is uniquely positioned to maneuver the process, help you understand it, and help with strategies for the more recalcitrant lenders. However, generally speaking there are certain steps that your short sale will take, these include:
Is short sale better than foreclosure?
Thank you for visiting the Minchella & Associates website. My name is Erica Crohn Minchella and I am the managing partner of the firm. I have a passion for real estate. I have practiced real estate law for over thirty-five years. Our firm has represented thousands of home sellers and buyers, landlords and commercial and investment property owners
Minchella & Associates actively practices in many areas of real estate law, including but not limited to:
Real estate closings: protecting you in the largest financial transactions of your life.
Short sales: we help protect your credit from the negative consequences of a foreclosure by using a short sale. A short sale is a negotiation with your lenders when the value of your home is less than the mortgage and liens on your property.
Foreclosure defense: we work to find solutions to avoid a judgment of foreclosure against a homeowner.
Real estate litigation: we represent real estate owners in court on
Residential and commercial property deals involving real estate disputes
Landlord/tenant: Minchella & Associates represents landlords and tenants in matters involving lease review and we represent landlords in terminating leases and proceeding with evictions if necessary.
Commercial leases: Erica negotiates the lease after a letter of intent has been drafted.
Condominiums: assists individual unit owners in negotiating with home owner association (HOA) boards and negotiates property contracts when a condo deconverts.
Commercial and investment transactions: we assist in the negotiation of letters of intent and contracts on behalf of buyers and sellers, tenant lease negotiations and 1031 exchanges.