At my firm, we have processed over 250 short sales to date and the numbers keep growing. With so many borrowers upside down on their mortgage, second mortgages, SBA loans and a myriad of liens and judgments on the property, faced with a foreclosure sale, they think their options are limited and throw in the towel.
The truth is that almost right up to the date of the sale, the foreclosure sale date may be cancelled by us to allow a short sale to be negotiated, that could eliminate the entry of judgment against the homeowner/borrower.
In Miami-Dade County, up to 48 hours before the sale, a Motion to Cancel the Sale can be filed and with proof in hand of the property being listed for sale or a short sale contract, the Judges will hear the argument and almost always, allow for a 90 to 120 day extension to permit the homeowner to find a resolution and avoid the judgment.
So whether you are short selling or attempting a loan modification or deed in lieu, do not let a pending foreclosure sale date deter you from finding a solution.
At my firm, we can file the motion electronically on your behalf and get your day in court.
The fee is minimal and the result could be avoiding a judgment and sale of the home in the foreclosure auction.
Call us today for a free consultation.
TRUST | COMMITMENT | RESULTS
Jacqueline A. Salcines, Esq. 706 S. Dixie Highway Second FLoor Coral Gables, FL 33146 Tel: (305) 669 5280 J.Salcines@Salcineslaw.com