Real Estate Transactions
Buying or selling a home is usually the largest financial transaction that
people are involved with in the course of their lives. Therefore, it is important
that you have an experienced attorney to protect your interest and to make
sure any tax liens have been satisfied, and that the title is free from any
encumbrances.
Our firm focuses on one thing: providing professional, effective and cost-efficient
real estate and closing services to buyers, sellers, lenders, realtors, and
individuals who are selling property on their own.
We are highly respected by both realtors and lenders and we appreciate that
they refer many clients to us. Our firm provides our real estate clients with
cohesive and well-rounded representation on all aspects of law affecting real
estate issues and real estate ownership.
Short Sale
If your home is worth less than the principle balance of your mortgage, don't
worry, a short sale might be the answer to your problems. In today's fast
moving market, changes occur to the rules and regulations governing short
sales and it's imperative that you find not only a broker that understands
these changes, but an attorney that can protect you from damages Realtors
simply cannot.
During the past couple of years, foreclosures have become much more common
throughout the United States, including Pennsylvania and New Jersey. During
this period, the term "short sale" has been used more and more often. Short
sales are extremely important because, when done properly, they have the potential
of allowing a property owner to avoid bankruptcy and foreclosure, even if
the property owner owes more to the lender than the property is worth. The
purpose of this page is to provide some basic information about short sales.
For specific information about your situation, please contact our office to
set up a consultation.
Loan Modification
Today, Americans are experiencing a major crisis in their personal financial
stability. Home-ownership, which is in fact, the largest and most important
asset of most everyone, is now being threatened. Due to an increasing number
of abusive lending practices in the mortgage lending industry over the past
several years, suffering families are faced with decreasing home equity, foreclosures,
and a withering realization of the "American Dream", which they worked so
hard to obtain. Predatory lending practices affect everyone and you deserve
someone who will stand by you with a full understanding of your rights under
the law.
This is not a bankruptcy law firm and our intent is to assist in saving the
clients' home through investigation and research of the legal steps taken
by the lender and/or their attorneys or to negotiate with the lenders to modify
the current mortgage so that the homeowner does not lose their home due to
default. There are also numerous programs available upon which we may rely
to assist in this area, depending on what type of loan or mortgage the client
has and who the mortgage lender might be.
You may have equity in your home to protect and save, or even if you presently
owe more on your mortgage than the house may be worth, avoiding foreclosure
also positively affects and protects your credit now and in the future.
Call The Law Offices of Sean M. McDonough today for an Initial Consultation.
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