Short Sales

Guidance Through The Short Sale Process

For more than a decade, the attorneys of Marrs & Terry, PLLC, have helped clients fight back against debt and, in the process, regain control of their finances. Today, we regularly assist clients in using short sales as a foreclosure avoidance financial strategy in order to position themselves for the future.

How Can Short Sales Help Prevent Foreclosure?

We have given short sale advice to people just like you who want to take deliberate action when it comes to managing their finances and avoiding foreclosure. A short sale is one of the more popular foreclosure alternatives available to people for a number of reasons.

First, the mortgage payment itself is often one of the primary contributors to financial distress. So much money is going toward a mortgage payment that there is little left over to pay for daily necessities. As a result, the credit card bills go up. Getting out from under that mortgage, therefore, can help families put their ship right while also avoiding foreclosure.

Second, people often owe more on the house than it is worth. A short sale helps people put an end to a bad investment and move on to a better arrangement.

A short sale can do these things because it enables you to sell the house for less than what is owed on the mortgage. At the same time, whatever is left over on the mortgage after the sale does not have to be paid back.

How We Can Help You

But you want to protect your rights in doing this. Our experienced lawyers already understand how the banks operate when it comes to short sales, what hidden pitfalls they may put in your way and how to advise you as to any potential tax consequences and how to handle them.

Instead of learning these pitfalls for the first time for yourself, do not reinvent the wheel; call us. Let us handle these matters for you so you can rest confident that your bases are covered and your rights are protected.

Protect Your Rights. Contact Us.

We invite you to learn more about how we can help you and what your rights are when it comes to a short sale in Michigan. You can reach us online to schedule an initial appointment with us or call our firm at 734-663-0555.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.