Short Sale

When It Comes To A Short Sale, Don’t Settle for Less!

When it comes to a short sale, the bottom line is simple. A short sale is a settlement between a borrower and a lender. It really is as simple as that.  However, obtaining a good settlement is not that simple. Would you trust the settlement of any other legal matter to someone other than a licensed attorney?  While Florida law does not restrict the negotiation and submission of a short sale to attorneys only, the legal significance of negotiating a proper short sale may leave you wishing you had consulted legal counsel.

Over the years, many clients have come to my office after closing on a short sale with paperwork from their previous lender which seeks to collect the difference between what the property was sold for and the remaining mortgage balance—also known as the deficiency balance.  As if being displaced from your home, often losing a large down payment, savings, and retirement funds isn’t difficult enough, lenders are once again kicking you while you’re down. And they have the right to, if you don’t negotiate otherwise.

Having an attorney who represents your legal interests in a short sale- i.e. obtaining a waiver of deficiency- may mean saving yourself a hefty bill in the long run. What’s even more of a “no-brainer” is that our office will negotiate your short sale at no cost to you, the homeowner, or your real estate agent. If you’re considering a short sale for your underwater home, contact the Reyes Law Group or inform your preferred real estate agent to that you wish to have an attorney handle the transaction.

Remember, when it comes to your home and your family, don’t settle for less!

RLG blog divider

The RLG Legal Team also include attorneys Carlos J. Reyes – Principal,  Melissa J. Ulloa and the RLG Legal  Support Team to bring you a dedicated, experienced and dynamic legal team to handle your legal needs.

We also assist clients in the areas of: Civil LitigationReal Estate LitigationResidential Purchase & SalesCommercial Acquisitions & SalesResidential Landlord-Tenant LitigationCommercial Landlord-Tenant LitigationShort Sales NegotiationsLoan ModificationsCriminal DefenseCivil Rights ClaimsFamily LawCorporate Work, and Labor & Employment Law.

Call us for a FREE consultation at (954) 369-1993  Se Habla Español.

Visit our firm website and review our credentials.

We are located at 150 S Pine Island Rd #210, Plantation, FL 33324


The Reyes Law Group BLOG is intended to provide information to firm clients, friends and potential clients about various legal related topics. Nothing in this BLOG should be construed as legal advice or a legal opinion. Readers should not act upon the information contained in this BLOG without seeking the advice of legal counsel.

The hiring of a lawyer is an important decision that should not be based solely upon advertisement.  Before you decide, ask us to send you free information about our qualifications.







The following two tabs change content below.

Reyes Law Group

Reyes Law Group represents clients in a multi-disciplinary legal practice involving real estate transactions and litigation with a “footprint” that covers the State of Florida. Over the firm’s first 10 years, Reyes Law Group has closed over $100M in commercial closings, representing buyers and sellers in contract negotiations, due diligence, and the related title review and policy issuance related to closings. In litigation, the firm has commercial litigation experience focused on prosecuting or defending claims such as breach of contracts, partition actions, trade secret violations, and breach of non-competes. However, our firm’s MAIN FOCUS is assisting asset and loan portfolio managers, investors and private lenders with a “ 4-PILLAR APPROACH” to the legal challenges they face with non-performing assets: 1) LOAN WORKOUTS; 2) COMMERCIAL FORECLOSURES (across the State of Florida); 3) COMMERCIAL EVICTIONS; and 4) REO COMMERCIAL CLOSINGS.30+ years’ legal experience means - WE CAN HELP!

Latest posts by Reyes Law Group (see all)

%d bloggers like this: