Does the law firm get involved in trying to stop my foreclosure sale during the short sale negotiations?
If during the process of negotiating a short sale for a home owner the foreclosure process starts we do interact with the short selling bank and attorneys to try and stop the foreclosure sale. We always like to remind our home owners to keep a close eye on their mail. Whether they live in the home or not it is only the home owner that will have the quickest notice of the foreclosure. The foreclosure process runs independent of the short sale and requires specific attention to have it stopped. As the banks aggressively change their policies on postponing these sales it becomes even more important for home owners to not delay if they need to benefit from completing a short sale. If a home owner comes to us prior to having a contract for purchase for the home they are short selling and wish to employ our services to stop the foreclosure sale we will consider that request. There would be a separate fee for service that would be negotiated and paid prior to service.
