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.
Chapter 7 vs. Chapter 13 in Florida: Which Bankruptcy Is the Right “Fresh Start” for You?
When financial pressure builds to the breaking point, bankruptcy can offer something invaluable: a true fresh start. But for many Floridians considering bankruptcy, the biggest question isn’t whether to file—it’s which type to file: Chapter 7 or Chapter 13. Both offer...