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.
I Need To Sell Jointly Owned Property
Joint ownership of property can be a great arrangement when both parties agree on how to manage and use the property. However, disagreements can arise over issues such as maintenance, use of the property, or whether to sell it. When co-owners are no longer on the same...