Providing Competent Legal Guidance

Massapequa Short Sale Attorney

Navigating Short Sales in Suffolk County

If you want to end your real estate loan obligation, a short sale may be in your best interest. A short sale is the process of selling your property but at a price less than your loan. In order for a short sale to be completed, it is necessary to obtain the lender’s approval without agreeing to unfavorable terms.

Want to learn more? Contact James J. Quail & Associates, P.C. via online form or dial (516) 246-2449. Our Massapequa short sale real estate attorney has years of experience and can provide in-depth short sale assistance.

What are the Benefits of a Short Sale?

There are several advantages of a short sale, for both the property owner and the lender. Some of these benefits include:

Navigating Short Sales and Avoiding Deficiency Judgments

The worst part about letting your property go to auction is that you could be liable for the difference that the bank loses. In other words, if your house sells at an auction outside of your control for an amount less than what remains on your mortgage, it could be you on the hook to repay the bank the rest! This is known as a deficiency judgement, which lets any lenders go to court to officially demand the remainder from you, up to its “fair market value” at the time of the judgement.

Instead, by using a short sale with the assistance and guidance of our seasoned short sale real estate lawyer, you get to dictate the terms of exit, maybe even include a clause that allows for money relocation from the buyer.

Partner With Our Trusted Massapequa Short Sale Lawyer

While they can be advantageous, short sales are also quite involved and can take a good deal of time to complete. There is also a lot of paperwork involved. You will have to go through negotiations with your lender and the prospective property buyer. In order to make the process of a short sale as simple as possible for you, it is in your best interest to contact a Nassau County short sale real estate attorney like James Quail. He years of experience with short sales and he knows how to navigate them efficiently and without adding stress to your shoulders. In many cases, short sale homes have other liens and judgements, which our firm can work to remove so they don’t haunt you.

When you retain the legal services of Mr. Quail, you will receive hands-on assistance through the entire sale process from a team that managed more than 100 short sales since 2008. We negotiate with your bank and with the prospective buyers. We also draw up your contracts and ensure that they are legitimate. In short, we make a short sale as simple as possible for you!

Contact James J. Quail & Associates, P.C. to schedule a free 30-minute consultation for short sale advice from a skilled attorney! Call (516) 246-2449.

More Related Reading

What Our Clients Are Saying About Us

  • “James is an excellent attorney. He is creative in his approach and his communication is all you could ever ask for. Highly recommend.”

    - Keith M.
  • “Communicates with clients. Listens and explains details in-depth. Wide range of knowledge. Always on time. Gives his clients 110% commitment.”

    - Lawrence G.
  • “Jim is an exceptional attorney! Detail oriented, excellent communication all around. I will use Jim repeatedly and refer him to everyone with confidence.”

    - Shah T.
  • “I was referred to James Quail by a friend and I can say it was the best referral ever. James and his staff are professional, responsive and most of all supportive.”

    - Former Client
  • “An exceptional attorney! Detail oriented, excellent communication all around. I will use him repeatedly and refer him to everyone with confidence.”

    - S.T.

Contact Us Today For A Consultation

No matter what your case involves, our firm understands you have already been through a great deal—physically, emotionally, and financially.

By taking a moment to contact our office, you can learn more about your legal rights and options.

  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please make a selection.
  • Please enter a message.