For many, foreclosure seems like the inevitable end to their mortgage debt problem.  Unemployment in combination with adjustable rate mortgages have created a situation where many can no longer afford their dream home.  Some have wisely decided to short sell their home in order to avoid foreclosure.  There are several reasons why a short sale is a better option than foreclosure, however, if you don't have legal experts helping guide your short sale then your problems might be far from over.  A recent story in USA Today told the tale of homeowners who thought they were taking full advantage of the mortgage debt forgiveness that a short sale offered them only to discover that they still owed debt on their second mortgages.

"Recourse language" is the legal language that enables banks to pursue people for payment of their mortgage debt even after they've short sold their home.  The Rasmussen Law Firm, the legal team behind ShortSaleABC.com, knows how to negotiate with banks to remove recourse language and have your debt forgiven - all of it.  We understand that a primary motivation for most people to short sell their home is so that they can escape the burden of their mortgage debt.  If you're in a distressed mortgage situation, it is important that you do not cut corners.  You need to seek legal help.  The good news: if you work with us, our services are cost free to you, the seller.

If you're ready to short sell your home, we recommend you work with Fitzpatrick and Prince Real Estate and Rasmussen Law Firm. They have a proven record of success having closed 95% of their short sales. Nationally, the average short sale closure rate is only 20%. Additionally, these companies have worked together on a number of short sales, they understand how the other operates, and can move quickly, together, to negotiate with the banks to close your short sale. Start the conversation today with Mark, Whitney, or Blake at Fitzpatrick and Prince Real Estate.