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  • Home
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    • Maxxwell Hamilton
    • Jonathan Klurfeld
  • Reviews
  • Practice Areas
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    • HOA/Condominium
    • Debt Collection
    • Criminal Defense
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    • Small Claims
    • Demand Letters
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    • Foreclosure Process
    • Foreclosure FAQ/Definitions
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  • HK Legal Group > Guides > Short Sale
  • If you are facing foreclosure and can no longer afford your home, you may qualify for a Short Sale—even if you don’t think you can (or haven’t been able to) sell your home.  Let us help you!

    Short sales, also known as a pre-foreclosure sale, are when you sell your home for less than the balance remaining on your mortgage.  If your mortgage company agrees to a short sale, you can sell your home and pay off all (or a portion of) your mortgage balance with the proceeds.

    You  may even be eligible for up to $10,000.00 of relocation assistance if you participate in a short sale of your property.

    A short sale is an alternative to foreclosure and may be an option if:

    • You are ineligible to refinance or modify your mortgage
    • You are facing a long-term hardship
    • You are behind on your mortgage payments
    • You owe more on your home than it’s worth
    • You have not been able to sell your home at a price that covers what you still owe on your mortgage
    • You can no longer afford your home and are ready or need to leave

    Please note that you may be subject to tax consequences by doing a short sale as the forgiven portion may be taxable income to you.  You should always consult with an accountant before making a decision to short sale as we cannot give you tax advice.

    If you need a foreclosure defense lawyer, contact out Boca Raton foreclosure defense team at 754-900-1529, info@hklegalgroup.com, or the webchat/form on this site.

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