Short Sales & Foreclosure

Foreclosure is a legal procedure wherein the property is seized from the homeowner and subsequently sold by the lender to recoup the outstanding mortgage debt and eliminate the lien on the property. This occurs when property owners find themselves owing more on their mortgage(s) than the current market value of their property.

If you’re a homeowner contemplating a short sale, it’s crucial to engage the services of an experienced real estate attorney. Pun & Associates’ New York Real Estate attorneys will work in your best interests, offering top-notch legal counsel to effectively guide you through the complex short sale process.

At Pun and Associates, we are here to assist you in understanding how the foreclosure processes work, navigating New York and federal laws about foreclosures, and ensuring your best interests are prioritized throughout the entire proceedings.

Every short sale situation is unique, and our approach reflects that. The short sale agreement stands as one of the most pivotal and intricate legal documents within the short sale procedure, encompassing all the details of the transaction and delineating the rights and responsibilities of each party involved. These include various aspects such as the listing price, deductions from the sales price, cancellation clauses, property maintenance responsibilities during the listing, submission of the sales contract, release of personal liability, suspension of foreclosure, and conditions for contract termination.

Due to the comprehensive nature and intricate legal nuances contained within this contract, our legal experts invest the necessary time to dissect its contents thoroughly. Our goal is to ensure that you gain a complete understanding of all facets of the short sale. We provide tailored legal advice specifically designed for each individual circumstance. Our experienced team works diligently to explore alternative solutions, aiming to find the best outcome for our clients.

Our New York Real Estate attorneys possess great proficiency in the intricate legal landscape of short sales and can instill confidence and peace of mind in sellers. They prioritize the homeowner’s best interests, safeguarding them from lenders or other entities that may try to take advantage on financial hardships of the homeowner.

Furthermore, our experienced lawyers will handle all communications related to short sales, alleviating the stress associated with payment demands, creditor harassment, and other stressors.

Choosing a short sale is an important decision. If you find yourself in this situation, it is imperative that you hire a real estate lawyer well-versed in the short sale process. This ensures you have the necessary support and tools to make an informed decision in navigating this intricate matter.

For more information on how Pun & Associates can assist you in short sales or foreclosure matters, please reach out to our law firm. We are here to provide the expertise and guidance you need to find solutions and move forward.

Welcome to Pun & Associates – Your Trusted Partner in Real Estate Challenges.

Call us today at (347) 814-6889 or contact us online to schedule a consultation with one of our attorneys.