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Real Estate Short Sale

Avoid Foreclosure Litigation with a Short Sale

Selling Your Home for Less than What Is Owed on Your Mortgage

One of the methods being used these days to avoid foreclosure is a short sale. A short sale presents the homeowner, the lender, and the prospective buyer with an outstanding opportunity to mitigate their damages.

However, the short sale process can be full of misunderstandings and delay. The Law Office of Kevin F. Jursinski & Associates helps you avoid the frustration of a short sale by using basic fundamental information and a well thought out approach. Contact our firm to receive  foreclosure help.

Short Sale Assistance from Our Foreclosure Lawyers

What is a short sale?

A short sale is the sale of a home for less than the amount required to pay off the balance of your mortgage loan and any closing expenses. A short sale ends with one of three results:

  • The lender releases its mortgage and releases the borrower
  • The lender releases its mortgage and demands payment of the different from the homeowner
  • The lender releases its mortgage and obtains a negotiated amount from the homeowner for the resulting deficiency amount, either in cash, a promissory note, or a combination of both

Advantages and disadvantages of a short sale

There are advantages and disadvantages to a short sale. Our firm helps you sort through those advantages and disadvantages and decide whether a short sale is the right option for you.

Advantages of Short Sale

  • The lender has released your mortgage.
  • Will have less effect on your credit rating than a foreclosure will.  .
  • You may be allowed to borrow money for a new mortgage sooner than if you went through a foreclosure or bankruptcy.
  • Will help you repair your finances by reducing housing payments.
  • Your attorney can negotiate the deficiency to as little penalty as possible.

Disadvantages of Short Sale

  • The process is not as quick as a traditional residential/commercial sale.  The purchase price first must be approved by the mortgage holder.
  • You may face a tarnished credit history and score.
    • Diminished financing options on real estate for a minimum of two years.
    • Lenders may pursue the so-called deficiency balance after the sale.
    • Income taxes may be due on the amount of forgiven debt.
    • The approval process can be time-consuming and frustrating.

A short sale may be the right choice for you to avoid foreclosure. Talk to our attorneys about your short sale.

Call 877.291.3926 for short sale assistance.

Kevin F. Jursinski, B.C.S. Attorney Photo
Kevin F. Jursinski, B.C.S.
Principal Attorney

Kevin F. Jursinski is recognized by objective rating services (see below) as one of Southwest Florida's premier attorneys. He has concentrated more than 35 years of practice in the area of real estate, business and construction law in Naples and Fort Myers.

Kara Jursinski Murphy, LL.M., B.C.S. Attorney Photo
Kara Jursinski Murphy, LL.M., B.C.S.
Partner

Firm Partner, Kara Jursinski Murphy, focuses her area of practice on Real Estate Litigation, Business Litigation and Real Estate and Business Transactional Law.

James W. McQuade, LL.M. Attorney Photo
James W. McQuade, LL.M.
Associate Attorney

James W. McQuade focuses his area of practice on Estate Planning, Probate and Probate Litigation as well as litigation that includes Commercial Law, Foreclosure Defense and Landlord/Tenant Disputes.

Michelle "Micki" Hurvitz, Esq. Attorney Photo
Michelle "Micki" Hurvitz, Esq.
Associate Attorney

Associate Attorney, Michelle “Micki” Hurvitz practices in the area of Real Estate Litigation and Business Litigation.

William  R.  Murphy, Esq. Attorney Photo
William R. Murphy, Esq.
Associate Attorney

Avoid Foreclosure Litigation with a Short Sale Selling Your Home for Less than What Is Owed on Your Mortgage One of the methods being used these days to avoid foreclosure is a short sale. A short sale presents the homeowner, the lender, and the prospective buyer with an outstanding opportunity to mitigate their damages. However, Read More

testimonials
  • After attempting to handle my foreclosure case on my own for months, I found James McQuade. With a trial scheduled on Friday, I hired him on a Tuesday with about zero preparation time. My expectations were not high this late in the process. I was only hoping for the possibility of a postponed trial, and even that was slim less than a week out. Instead, the entire matter was resolved just two days later.

    - Vicki

    Disclaimer as per, Florida Bar Rule 4-7.13 (b)(8): Testimonials are the actual experience of real clients, but prospective clients may not obtain the same or similar results.

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  • This is my second time using law firm of Kevin Jursinski as a client in the past two years , first kevin and Lisa closed on a condo i purchased in march of 2013 and now again December 2015 on my estate home. This office is very professional ,timely and ,efficient,. They keep you in the loop with phone calls and text. I would highly recommend. great people

    - Gordon

    Disclaimer as per, Florida Bar Rule 4-7.13 (b)(8): Testimonials are the actual experience of real clients, but prospective clients may not obtain the same or similar results.

    See All Testimonials
  • This law firm is a super star. Aggressive but extremely professional. Excellent communicators. We were always part of the process and well informed. Their legal knowledge and experience provided us with total trust and confidence from the beginning. We could not have asked for a better legal team or successful outcome to our tenant dispute.

    - Phillip

    Disclaimer as per, Florida Bar Rule 4-7.13 (b)(8): Testimonials are the actual experience of real clients, but prospective clients may not obtain the same or similar results.

    See All Testimonials
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Important Notice and Disclosure. While we welcome inquiries about potential representation, please do not send any confidential information about any matter before we agree to represent you in that matter or we request information. Pursuant to Opinion 07-3, dated January 16, 2009, any information sent to us unilaterally may not be treated as confidential information and, depending on the circumstances, could be used against the person sending the information. Accordingly, before sending any confidential information to us, please contact us so that we may determine if we have any conflicts of interest and if we are otherwise able to represent you.

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