
COMPARISON OF SHORT SALE NEGOTIATORS
Short sales are challenging. Lenders do not always agree to accept less than the seller owes. Unless the transaction and negotiations are handled by skilled and experienced professionals, lenders may choose to take the property through foreclosure rather than approve a short sale.
For that reason, it is critical that you select a short sale negotiator who can protect your legal interests throughout the short sale process. Not all short sale negotiators are alike.
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Hochman Legal Group’s No Hassle Short Sale Program
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Other Law Firm Negotiators
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Real Estate Agent, Escrow Company and Non-Attorneys
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Legal Representation
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Full legal representation by a law firm at no cost whatsoever. Complimentary legal representation.
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Act only as a neutral third party. Will not provide legal services or advice without a fee. As a result, they will not protect your legal interests.
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No legal representation. The law prohibits non-attorneys from giving legal advice.
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Initial Consultation
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Complimentary initial consultation to see if you qualify. Also, a confidential online questionnaire is available for your use.
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They’ll charge you a fee for initial consultations, even if you don’t qualify.
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Not licensed to practice law. Any “legal” advice offered may be unlawful and should be relied upon at your own risk.
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Cost to You
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As a client of our No Hassle Short Sale Program, you’ll receive full and complimentary legal representation and pay no real estate commission and zero closing costs. No cost to you.
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You must pay a fee to receive legal advice. No legal representation is offered, even though they’re a law firm.
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You may be responsible for paying real estate commissions even if the transaction does not close.
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Affiliated Businesses
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Not affiliated with any title, escrow or mortgage companies. We protect our clients’ legal interests at every stage of the short sale process.
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May require that you use a title company or escrow company that is affiliated with the law firm. Could make sellers liable for criminal and/or civil penalties under the Real Estate Settlement Procedures Act (RESPA).
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Real estate brokerages, escrow agents and loan originators often have affiliated business relationships with title, escrow and mortgage lenders. Under the law, these affiliated relationships must be disclosed in writing.
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Ties to Foreclosing Lenders
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We represent struggling homeowners. We do not represent banks, mortgage companies, loan servicing companies or anyone else in the banking industry. . We never have a conflict of interest.
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Often, they also represent lenders, banks and loan servicing companies and they help their lender clients to foreclose on struggling homeowners. This is a direct conflict of interest.
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Their affiliated business relationships may include direct ties with lenders and mortgage companies who are foreclosing on you or other homeowners.
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Negotiators
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Only actively licensed and full-time Real Estate Attorneys negotiate short sales for our clients.
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Negotiations are handled by non-attorney staff members or third-party processing companies.
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Your short sale may be handled and negotiated by a person with no legal knowledge or experience.
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Ability to Threaten Your Lenders
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As your attorneys, we can make legal arguments on your behalfduring our negotiations with lenders and threaten legal action if the banks don’t follow the law.
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Because they do not represent your legal interests and act only as a neutral third party, these negotiators cannot threaten legal action.
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No legal representation means they have no ability to threaten legal action.
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Legal Professionals
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Staffed by full-time Real Estate Attorneysand experienced legal professionals.
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They do not offer complimentary legal advice and your short sale is often handled by non-attorney staff that has no legal training.
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Staffed by individuals who possess no legal training or experience.
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Getting Results for You
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We are committed to helping our clients avoid foreclosure and prevent bankruptcy with dignity, respect and compassion. Our clients receive fast and meaningful relief at no cost.
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They do not offer direct legal representation and are not bound by the Attorney-Client Privilege. They often tell homeowners to let their house foreclose, rather than fight to prevent foreclosure.
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Short sales require unique expertise, a considerable time commitment and legal knowledge. Without these skills, homeowners will not receive the protection they deserve.
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We strive to provide all HochmanLegal.com readers with valuable information about ways to get protected at every step of the short sale process. We encourage you to research and find a local and actively licensed Real Estate Attorney who also possesses experience with the unique aspects of Mortgage Lending law and short sale transactions.
The information contained in this document is provided by Hochman Legal Group, PLLC for informational purposes only. It is not intended to be and should not be construed as legal advice or representation. Consult tax and legal professionals for advice about your specific situation. Reproduction or use on a website or in marketing materials is not allowed without written permission.












