Yes, you can do a short sale where the owner has a lot of assets or a lot of cash. The issue becomes what is available to satisfy any deficiency that may be there. And then it’s our job as your attorney to negotiate that deficiency to a small amount as possible. If there’s for example, $150,000 deficiency, you may be asked to contribute $5,000, $6,000 to that deficiency.
The Role of Credit Counseling in Bankruptcy: How It Works and Its Benefits
Credit counseling plays a crucial role in providing individuals with essential financial education, guidance, and support as they navigate the complexities of bankruptcy proceedings such as debt relief and financial recovery. This blog by Klein Law Group will help you...