Experienced Bankruptcy and Real Estate Lawyers in Miami
If you are facing significant mortgage debt and would like to know your options for getting a fresh financial start, talk to an experienced bankruptcy attorney. At our Miami law firm, Ferrer Shane, PL, we understand the interplay between short sales, foreclosures, deficiency judgments, and bankruptcy. We have been representing distressed homeowners in South Florida throughout the mortgage crisis and can put our experience and knowledge to work for you. Call us at 305-262-2728 to learn more.
Deficiency Judgments After a Short Sale
If you sell your home in a short sale for less than what you owe on your mortgage, your lender can hold you responsible for the difference. Indeed, your mortgage lender can take you to court and obtain a judgment, known as a deficiency judgment, to require you to pay the remaining balance.
In some situations, it is possible to negotiate with your lender prior to seeking a short sale. As your dedicated Miami bankruptcy and deficiency judgments lawyers, we will represent your interests in all discussions with your lender, with the goal of obtaining your lender's agreement to waive its right to any deficiency.
Bankruptcy and Deficiency Judgments
If you have already sold your home for less than what you owe on your mortgage and are now being held liable in a deficiency judgment, seek experienced bankruptcy counsel immediately. At our firm, we will advise you as to whether it would be in your best interests to file for bankruptcy. Any deficiency judgment would then be wiped out through the bankruptcy process.
Contact Our Miami Bankruptcy Attorneys for More Information
Discuss your concerns about a short sale or a deficiency judgment with one of our knowledgeable attorneys. Call us at 305-262-2728 or contact our Miami law firm online to schedule your free consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
