Short Sale Attorneys

Refined & Experienced Summerlin Las Vegas Real Estate Short Sale Attorneys. The Law Offices of Jacqueline Mary McQuigg & Assoc. Short Sale Attorney in Las Vegas.

There are many questionable claims made by Short Sale advertisers, and reliance on those claims may harm you legally and financially. (see "Caution")

Is The Short Sale Option for Me? Some important issues to consider when deciding whether to short sale your home or allow it to go into foreclosure are:
1. Whether or Not You Qualify for a Short Sale
2. Federal Tax Liabilities Resulting from a Short Sale / Foreclosure
3. The Impact on Your Credit Rating
4. The Effect on Your Life and Finances Due to Resulting Deficiency Judgments
5. Whether or Not Collection Efforts by Your Lender will Cease or Continue for 10+ Years; and
6. The Estimated Waiting Period Before Being Able to Purchase Another Home.

We feel that you should seriously consider a short sale as an option if:
1. Most of your debt is your mortgage debt. In other words, you do not have any other substantial credit card or other type of debt. If you are burdened with other debt also, it may be best to consider filing for bankruptcy and doing a short sale. (Note: Bankruptcy does not erase the record of a foreclosure from your credit report.)
2. The fair market value of your home or property is substantially less than the principal balance owed on your mortgage.
Remember that according to historical data from the last 50+ years, your property will most likely not appreciate, overall, more than 3-5% per year.

Loan Modifications and Short Sales
If you are planning to do a short sale, which is often your best option, do not do a loan modification. Usually, a loan modification takes so long, that by the time you realize a loan modification will not work, there is often no time left to go through the short sale process.

CAUTION! Do Not Be Fooled By Questionable Claims Made By Advertisers

There are many questionable claims made by Short Sale advertisers, and reliance on those claims may harm you legally and financially.
Many individuals and families are experiencing difficult times: if you are one of these individuals, the last thing you need is to hear cleverly-worded, one-liner rants crafted by high-powered marketing experts who have the insidious purpose of luring you by giving you false hopes. We have received many calls from individuals and families who have been misled and hurt by believing these claims, including:

"Short Sale Today-Buy Tomorrow"
"We'll Make Sure the Bank Doesn't Sue You"
"You Don't Need an Attorney"
"We Don't Charge You a Fee for a Short Sale"
"Reduce Your Principal"
"The Bank Can't Produce the Original Note"
"Sue the Bank" ­­ "Get your House for Free"


Short Sale Attorney Las Vegas
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