Homeowners, Realtors & Brokers

If you are a homeowner or real estate professional and are considering a short sale for yourself or a client, Financial Relief Law Center is an experienced, reliable and reputable resource in the short sale industry. We have the knowledge, experience and demonstrated expertise to assist in all aspects of negotiation that is necessary to complete the transaction both quickly and efficiently. Once you obtain an offer, we handle all negotiating and short sale financial paperwork for you. Financial Relief Law Center handles short sale negotiations throughout the state of California.

Bottom Line…

Whether you are a Homeowner or a Real Estate Professional, we understand that your time is valuable. We handle the details of the lender communication and negotiations, so you can focus on what’s most important, whether it be listing or selling properties or moving on and getting a fresh start.

IF YOU’RE A HOMEOWNER…

Financial Relief Law Center offers homeowners a free consultation to examine the best course of action with regard to a short sale or other loss mitigation options. As a homeowner, one for the most important factors you should consider when deciding how to dispose of your property is if there is the possibility of future liability or a deficiency judgment. When you lose your property in a foreclosure process, your lender may have the right to pursue a deficiency judgment against you for remaining the balance owed, if the loan was a recourse loan or if you have a second lien on the property. However, CA Legislature passed SB 931 and SB 458, which prohibits deficiency judgments for lenders who consent to a short sale. The landmark change is that this law also applies to second mortgages or home equity lines of credit, not just first mortgages. Second mortgages have been notorious for pursuing deficiency judgments, but now you can avoid this altogether by short selling. This is a very powerful tool that you can utilize to protect yourself from your lenders after the property has been sold. An ancillary benefit to the short sale is that it can often postpone and prolong the foreclosure process. While the short sale is being negotiated with the bank the current homeowner is typically allowed to remain in the property until the sale is complete. From our experience, the short sale process takes between 4 and 8 months to complete and sometimes even longer. In addition, as a courtesy to all of our short sale clients, we complete an investigation of the foreclosure process to determine if there are any defects in the filing of the foreclosure. If defects are found we will notify the Trustee and Servicer in writing of the defects and attempt to rescind the foreclosure filing. If successful this will give additional time to complete the short sale transaction and obtain additional time in the property. Another benefit of short-selling is that the overall negative impact to your credit is less than that of a foreclosure action, eviction or bankruptcy. Contact us for more information on how you can benefit from short selling your property.

IF YOU’RE A REAL ESTATE PROFESSIONAL…

Real Estate Professionals who utilize Financial Relief Law Center can increase their earning potential by experiencing the benefit of outsourcing administrative time consuming tasks to us, and also receive the additional benefit of working with an experienced and trusted law firm. As a courtesy in all of our short sale negotiations, we complete an investigation of the foreclosure process to determine if there are any defects in the filing of the foreclosure. If defects are found we will notify the Trustee and Servicer in writing of the defects and attempt to rescind the foreclosure filing. If successful this will give additional time for the short sale transaction to be completed and put pressure on the Servicer to complete the short sale transaction. The additional time may now also make the homeowner HAFA eligible, if they were not previously, since they will no longer be within 60 days of a scheduled sale date. FRLC will also leverage the use of bank regulatory complaints and the possibility of a lawsuit if the Servicer is unwilling to consider a fair market value offer to mitigate the damages to the homeowner and their credit. In addition, real estate professionals who work with Financial Relief Law Center have the ability to refer their clients for a free real estate law consultation with an attorney to determine if short selling is the best option. Often real estate professionals encounter prospective clients who are determined to retain the property even when all signs indicate that the home is no longer affordable to the client. Also, prospective clients may not always believe the agent will act in their best interest. Having the knowledgeable and unbiased opinion of a real estate attorney will often help the prospective client make an informed decision.

We have found that a vast majority of prospective short sale clients that are referred to us by agents make good candidates for either a short sale or a bankruptcy, and in most cases when prospective clients are faced with the decision to short sell or file bankruptcy the overwhelming majority of people will opt for a short sale. Therefore, it is our general practice to utilize Bankruptcy as a last resort. Nevertheless, you can count on Financial Relief Law Center to review all options that fit a client’s situation so that they know they have made the best decision. Your clients will thank you for having them contact us and you will have a leg up on other real estate agents who do not have attorneys assisting them and their clients.

We believe a successful agent must set themselves apart from the competition and therefore building a network of trusted professionals in the legal, accounting and lending community is an excellent way to differentiate yourself and build a more successful career in real estate. This unique resource for agents can be a very valuable tool in obtaining new clients and closing more short sales.

By leveraging the services of Financial Relief Law Center you can,

• Have more time to retain clients
• Enhance your reputation by working with a reputable law firm
• Increase your earnings
• Close more short sales
• Be a trusted referral source for all your clients needs
• Build a long term real estate career
• Help more clients achieve a positive solution to a negative situation