Knowledgeable Real Estate Lawyers Serving Worcester County
At O'Connell & O'Connell, P.C., Attorneys at Law, we represent buyers, sellers and lenders in the full range of real estate transactions in Worcester County and throughout Massachusetts. We work diligently to ensure our clients’ interests are protected and risks are reduced to the fullest extent possible. It is important that all parties in a real estate transaction understand exactly what they are getting into: titles are clean, each party is getting what he or she bargained for, all documents are thoroughly reviewed, and transactions are completed as smoothly as possible.
Our attorneys have worked with local and national lenders; residential and commercial buyers and sellers, and each party on the separate sides of short sale negotiations and transactions. Our extensive knowledge and connections in the real estate industry can work for you to guide your matter efficiently and effectively. We can limit your risks, expand upon your returns and protect your rights.
Facing Foreclosure? A Short Sale Could Limit the Damage.
In a short sale, we negotiate with lenders on behalf of homeowners to secure a discharge of the mortgage for a lesser amount than what the homeowner currently owes. A short sale can allow you to avoid foreclosure, reduce the impact on your credit score and help you walk away without liability.
The key is to ensure all parties involved are satisfied with the transaction, including you, the prospective buyer and your lender. We perform a title search to ensure there are no additional liens against the property. We help our clients with title cleanup, and we coordinate all interaction necessary between brokers, appraisers, title insurance companies and lenders.
No one likes to lose money in a short sale, but sometimes it is in the best interests of everyone involved. Lenders can keep the property off their inventory, buyers get a home in good condition at a reduced cost, and sellers are able to get out from underwater on a home they can no longer afford.