Residential Short Sales

West Essex, New Jersey, Residential Short Sale Attorney

If you have missed a mortgage payment or are in danger of doing so, your bank may be willing to negotiate with you rather than attempting to foreclosure on your property. This is a complicated process and an experienced hand can only improve your chances of success. This is an emerging area of real estate, rapidly changing as federal regulations and programs are passed. You need an experienced real estate lawyer.

My name is Bret Steig, and I have nearly 15 years of experience in complex real estate transactions and disputes. I worked in this area of law before predatory lending forever changed our housing market, and I will guide you through this complicated area of law as quickly as possible.

Wondering if you qualify for a residential short sale? I will clearly explain the bank's parameters in plain English so you can make an informed decision. Call my law office at (973) 403-6700 or e-mail me to schedule a free phone consultation or a convenient appointment at my law office.

Who Qualifies for Residential Short Sales?

In 1995, I started the law office of A. Bret Steig, Attorney at Law to provide valuable legal support to residents throughout West Essex. My original commitment remains the foundation of my law practice — I take pride in negotiating with banks to accept residential short sales for individuals who are upside-down in their mortgage without money to cover the loss of their property.

Banks do not want a property to go into a foreclosure and become their problem. This sense of urgency prompts banks to negotiate with homeowners based on specific factors, such as:

• Job loss
• Mortgage bower died
• Involuntary reduction in pay
• Mortgage payments were missed
• Illness or disability affecting job status
• Decrease in the value of a property
• Changing terms of a mortgage

Homeowners' financial hardship is the number one factor leading banks to negotiate with homeowners. I have an in-depth background in real estate, and I am well-prepared to negotiate for you. I will work hard to bargain with your bank to explain why a short sale is necessary, whether you expect to default on your mortgage or need to move as the result of an out-of-state job transfer.

Contact Me Today

I will explain how a sheriff's sale works, while looking into other options to relieve your housing situation, such as a deed in lieu of foreclosure. Contact me today to schedule a convenient appointment.