Foreclosure is the legal process by which the lender or the seller forces a sale of a mortgaged property because the borrower has not met the terms of the mortgage. The bank will ask the court to transfer title to the property from you to them and the may even bank pursue a deficiency judgment against you if there is no equity in the home.

What is a Short Sale?
A sale of a house in which the proceeds fall short of what the owner still owes on the mortgage. Many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when the owner cannot make the mortgage payments. By accepting a short sale, the lender can avoid a lengthy and costly foreclosure, and the owner is able to pay off the loan for less than what he owes

In addition to the financial stress faced by most people going through foreclosure, the short sale process can also be very overwhelming without the proper assistance. At Yesner & Boss, P.L. we can assist you with the listing, offer, sale and submission of the proceeds to the bank in order to pay off your mortgage and in most cases there will be no further liability to you. Our goal is to make sure you present your short sale request adequately to lenders as it can often times be the difference between succeeding and failing.

The closing occurs at the end of the transaction when the seller hands over the title to the buyer in exchange for payment. Also called settlement.

The State does not require an attorney when closing real property however unless your title agent is a licensed attorney he will be unable to give you the proper legal assistance and guidance you may need.

Closing Costs are the costs the buyer must pay at the time of the closing in addition to the down payment which may include points, title charges, credit report fee, document preparation fee, mortgage insurance premium, inspections, appraisals, prepayments for property taxes, deed recording fee and homeowners insurance.

Closing costs can vary considerably from one financial institution to another. Often our firm can close your transaction for the same or even less than a local title agency which may not even employ an attorney.

At Yesner & Boss, P.L. we only represent homeowners facing foreclosure. We help our clients to protect their home, family, and credit. We successfully represent clients by assisting them in many aspects to help them to avoid a foreclosure completely, avoid any deficiency judgments after a foreclosure, or to delay a foreclosure sale allowing time to either sell the home or allowing additional time to vacate the home.

There are several alternatives to foreclosure we can assist with. For more information on some of the services Yesner & Boss, P.L. can offer to avoid foreclosure, please contact us today and we'll be happy to schedule an appointment for you.

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