The short sale process – selling/buying a home for less than is owed on the loan – is often a long drawn-out process that could easily try the patience of anyone. The bank needs to approve the offer; there’s piles of paperwork to fill out; and there are often other lenders who need to be involved so that debt can be discharged properly.

However, it is possible to speed up a short sale. You need an experienced real estate attorney who has been down the road before, understands the possible challenges – and can foresee them. Simply put, a short sale is a complex real estate transaction. Choose legal representation based on experience and past success in getting short sales completed.

Adhering to deadlines and submitting error-free paperwork are critical components to any real estate deal. When it comes to short sales, the pressure is really on when it comes to getting it right the first time. Here’s why: Generally, there are multiple lenders involved. They are being asked to forgive debt legally owed to them, often entirely (in the case of a home equity loan, for example.) The lenders have to be sure that a) the seller really can’t afford to pay the loan back entirely; and b) the buyer can get a loan for the amount necessary to make the offer legitimate.

The bottom line is that any attorney practicing real estate law should be able to successfully complete a traditional transaction. It takes patience and expertise in short sales to eliminate the hassle, expedite the process and ensure that the deal gets done in the quickest time.

If you are considering a short sale – whether you are selling or buying – we invite you to the trust the experience at Rothamel Bratton. We have been representing clients in short sale real estate transactions for many years. Fill out our convenient online contact form or call our office today.