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    Short Sale Scams

    Do you owe more money on your house than it is worth? If you are underwater on your mortgage, and if you are having difficulties paying your mortgage or have fallen behind on mortgage payments, you are probably looking at some options. While for some people a short sale can be a viable option, we advise people to proceed with caution where short sales are concerned. Short sale scams have increased in recent years, with more and more homeowners falling victim to unethical and dishonest real estate transactions.

    The Law Offices of John E. Mufson in Delray Beach wants people to be well informed when looking at a short sale as an option. More often than not, filing bankruptcy can be a much better strategy for saving your home from foreclosure. You do not have to fall victim to a short sale scam. Contact our attorney about short sale scams today for a free initial consultation.

    Avoid Real Estate Fraud in Palm Beach County, Florida, With Help From Our Lawyer

    In a short sale, the lender allows the homeowner to sell the house for less than the outstanding balance of the mortgage. The short sale provides a way for the homeowner to sell the house to a buyer and avoid foreclosure.

    In a short sale scam, the realtor will sell the house for the lowest offer. Then, the realtor will “flip” the property — he or she will turn around and sell it for a much higher price. This can sometimes happen the very same day as the low offer sale. In the end, the realtor walks away with a lot of money, the homeowners get scammed and the bank or lender gets scammed as well.

    Additionally, the homeowner may still be required to pay the remainder of the debt and can be sued for that.

    Short sale scams can be avoided, and you can still save your home. Our law firm offers foreclosure defense services in conjunction with our bankruptcy practice. Talk to us about home foreclosure assistance if you would like to save your home from foreclosure and avoid being scammed.

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