Matthew Weidner, P.A.Call 727-894-3159
SHORT SALE, DEED IN LIEU, FORECLOSURE/PRE-FORECLOSURE DEALS

Legal Foreclosure Defense Pinellas Should I Stay or Should I Go?

Many homeowners want to stay in their homes at all costs, and for as long as possible. I’m happy to fulfill these client’s requests and have been able to successfully defend every client’s case that I have had the privilege of defending under these circumstances. Other clients are tired of the fight, tired of the home and ready to move on with their lives with a fresh start, a new home or apartment and no more of the fight and anxiety caused by living under a foreclosure. For these clients a properly negotiated short sale is the perfect solution to their problem.

A Properly Negotiated Short Sale or Deed in Lieu

In a properly negotiated short sale, the bank or lender agrees to accept whatever contract price is placed in front of them, without regard to the amount owed, and agrees to forgive the balance of the debt owed to the homeowner. These negotiations are tricky and getting the details correct is absolutely essential to make sure the homeowner is protected from future liability, but when done correctly, the homeowner can walk away totally free from any liability except some negative reporting on their credit.

1099-C Tax Liability

The homeowner may still face a 1099-C tax liability on the difference between the mortgage and what the bank received as proceeds from the sale. There are a few important legal steps that can be taken to help minimize or reduce this liability and each situation must be reviewed on a case-by-case basis.

Deficiency Judgment

As reported in an article in the St. Petersburg Times that can be found here, borrowers may still face liability from the bank for amounts the bank did not collect. This too can be worked out with the lender to reduce or eliminate the homeowner’s liability when the transaction is negotiated by an experienced real estate attorney.

The Short Sale Marketplace - Awesome Investment or Purchase Opportunities

The properties listed in the "Short Sale Deals and Opportunities" section of the Matt Weidner Law Blog have been presented to me by Realtors in the community. Some have been negotiated as a short sale and we know the bottom line price which the bank will accept. Others are in the short sale process and we expect to know what the bottom line prices will be soon. Click on the property if interested, then contact the agent directly for more details.

CONTACT US

1229 Central Avenue
St. Petersburg Florida 33705
Phone: 727-894-3159
Fax: 727-213-6235
E-mail: weidnerlaw@yahoo.com

The Florida Bar is the agency responsible for licensing and disciplining attorneys practicing in Florida. Click the logo below to view this attorney's profile.

Click Below For Independent Verification of This Attorney's Status and Qualifications
avvo best lawyer

NEED HELP RIGHT AWAY?

Contact our Attorneys at

727.542.5571

Or e-mail weidnerlaw@yahoo.com

For a Free No-Obligation Consultation.

 

COUNTIES SERVED Pinellas | Hillsborough | Pasco | Polk | Manatee | Sarasota | Citrus | Hernando

CITIES SERVED Bartow | Bayonet Point | Beacon Square | Bradenton | Brandon | Crystal Springs | Dade City | Elfers | Holiday | Hudson | Hyde Park | Lacoochee | Land O' Lakes | Largo | Odessa | New Port Richey | Palmetto | Pinellas Park | Port Richey | San Antonio | Sarasota | Seminole | Shady Hills | Spring Hill | St. Pete Beach | St. Leo | Tarpon Springs | Tierra Verde | Treasure Island | Trinity | Wesley Chapel | Zephyrhills

SITE NAVIGATION Home | Attorney Profile | Foreclosure Help | Free Legal Consultation | Corporate Litigation | Estate Planning | Blog | Contact Us |