We offer consultations to explain your options and then can assist with obtaining loan modifications or with ongoing communication with your lender.  

Depending on your circumstances, different options are likely available--but don't delay in scheduling a consultation, especially if a foreclosure is already pending!

Short sales often negatively affect the homeowner in ways they don't realize until it's too late. The details of your situation and pending sale are necessary to evaluate your options and how the sale would affect you, versus what yoursituation would be if you didn't sell short and let the property go to foreclosure. 

There are Distressed Property Laws in Washington, where some people helping or offering to help a distressed homeowner have fiduciary duties to the homeowner. If they hurt the homeowner, the homeowner might have a claim for up to triple their damages plus attorneys fees and costs under the Consumer Protection Act. A homeowner can't waive their rights under these laws. (RCW Ch. 61.34)

Depending on the extent of loan forgiveness and whether you're selling an investment property orprimary residence, you might have a post-sale tax obligation.  Whereas depending on the loan(s) that you owe the bank, by letting the house go to foreclosure,you might not have any further obligation.

Your credit and borrowing ability might be affected as much as if the property went to foreclosure. The laws are changing all the time on this topic. There is new Obama legislation designed to protect people's credit in a short sale, but it may not matter if you were behind on payments or if banks can continue to treat a short sale as a foreclosure and not lend to you again for 4 years conventional or 2 years VA/FHA.

Everyone thinking about selling under a short sale should have their situation and all the details of any potential short sale reviewed by a real estate attorney and an accountant--especially before working with someone to sell short or before handing their property over to a company that lets them walk away. Those companies might not advise all of the potential negative consequences of this type of situation.

Topics for Buyers and Sellers. 

Maybe you would like to save on commission and list your property for sale by owner (FSBO) without hiring a real estate agent.   But what if an agent brings a Buyer to you?  

What if you are FSBO and agreed to a price, but no documents are signed.  What if you unknowingly left $50,000.00 on the table?  Or more than $100,000.00?  How do you know?

If you are buying property from or in contact with a seller who is facing foreclosure, are you a "distressed home consultant" under the June 2008 Washington law?    

Did your agent recommend you seek an attorney's assistance to address a title or boundary issue or to draft a special addendum?   

These are just some of the types of issues that we can assist with.  If something does go wrong, and a lawsuit is filed, you could be involved in expensive litigation for two years or more.  Hiring counsel before there's a problem helps you come out ahead and can save later financial hardship.