Understanding your Liabilities and Rights
Foreclosure has become a reality for more and more people in the current market, and the emergence of the short sale option has benefited thousands of homeowners in financial hardships.
St. Paul Foreclosure Defense Attorney
Most people who are facing foreclosure are dealing with a financial hardship of some kind. This is usually loss of a job, medical bills or depreciating home values. At the law office of Blaschko and Associates, we advise our clients about their legal options and consequences of foreclosure, short sales, deed in lieu of foreclosure, loan modifications, bankruptcy and advise them regarding their choices.
We investigate and research each client's unique situation and determine the legal issues facing the client. If you have a valid foreclosure defense we can assist with all of your legal options. We help our clients understand their rights and work hard to find the best options for them.
Minnesota Short Sale Lawyer
A short sale is what happens when the bank or lender agrees to take less of the amount of money owed from the client on their mortgage to release and sell the property to a buyer. There are issues to consider regarding potential deficiency judgment claims, credit report damage, and any obligations you may have regarding closing, moving or other indirect costs.
In either case when you transfer or lose a home for less than you owe, the I.R.S., may view the forgiven debt amount as taxable, which can lead to dealing with a tax liability.
It is important to consult with a legal professional to ensure that you are aware of all of the potential consequences and that all the steps ensuring the best possible outcome are taken. As your attorney we can help you in the process towards a successful short sale and protect your rights.
Contact a St Paul, Minnesota, Attorney Today
If you are seeking legal representation or need immediate advice on foreclosure or short sale requirements, contact our office today. You can reach an experienced lawyer at 651-315-8755, Toll Free at 866-929-0453, or online.
