Real Estate Lawyer Serving Manchester CT
When you are planning to purchase or sell property in the greater Manchester area, choose the real estate attorneys from Jeffrey T Walsh & Associates PC. Walsh & Associates provide full service real estate transactional services, real estate litigation and land use expertise. Real Estate Law covers the rights to use, lease, own, and enjoy land and the buildings attached to it. As part of your team, attorneys from The Walsh & Associates firm are committed to your satisfaction at every stage of the purchasing, selling and closing process. We have thousands of residential and commercial buyers as well as sellers of real estate in Connecticut. Our staff will explain the procedure and answer your questions, we help draft your purchase contract and will review contracts prepared by others. We are available throughout the process to anticipate all your concerns.
Real Estate Owned and Foreclosed Properties
When you are purchasing a ‘real estate owned’ or ‘foreclosed’ home, understand what you are getting into. Unless you are experienced, hire a Law Firm that is well versed in Real Estate Law. When a bank fails to sell foreclosure properties at auction, the bank becomes the owner of the foreclosed property. As the bank is not interested in keeping the REO properties on their books, they open up great opportunities for investors. Call the offices of Jeffrey T Walsh & Associates PC for REO representation today.
A short sale describes a negotiated sale of real estate for less than the liens secured against the property. A short sale can only be accomplished when a Lien Holder is willing to accept less than what is owed on the debt while also agreeing to accept a sales price that is at or below the appraised value for the property. The short sale is deemed a more beneficial alternative to foreclosure, and has less of an impact on the seller’s credit. We work with short sale lenders and lienholders, Realtors, Buyers and Buyer’s attorney in advancing such transaction to successful closings. A short sale can avoid a Foreclosure or forced Bankruptcy. It is an option to be considered, however, only with experienced counsel as there are many traps for the unwary.
Forestalling Foreclosure/Loan Work-outs
Foreclosure is a legal process by which the property owner forfeits all rights to the property. Walsh & Associates has great experience in working with opposing counsel and lenders in reinstating mortgage loans in default. Such reinstatement takes many forms including lump sum payment bringing the loan current, partial payment plus agreement to repay deficiency over time, or, entire deficiency being added at end of loan term.
As real estate attorneys we help our clients through the process of buying, selling or refinancing their home. Attorney Walsh will handle your asset from the moment you contract us until closing. Our job to facilitate a quick, seamless sale. Our service area includes northeastern Connecticut, Hartford County and Tolland County. We can refer you to Realtors, Lenders, Appraisers, Home Inspection Specialists, Independent Insurance Agents, Handymen, and the like. Of course, you need to interview and check out anyone that you work with to establish your own comfort and compatibility level. Again, feel free to call. If you are looking into Foreclosure or REO lawyers to represent you in your next transaction, simply call Jeffrey T Walsh & Associates PC. (860)-649-1700.