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You can speed up your short sale with an experienced attorney

When you're trying to get out of debt, one of the options you may have is to sell your home in a short sale. This sale allows you to sell your home for less than you have remaining on your mortgage. Why might this be necessary? If you owe more than your home is worth, a short sale may be the only way you can get out of your home without owing for the deficit of the sale.

Short sales are slow processes, because each offer needs to go to the bank and lender to determine if it will be accepted. Your home will need to be evaluated and valued; the price that it's worth will be compared to what you owe and the amount being offered by a potential buyer.

There is a risk of buyers walking away if the sale takes too long; speeding up a short sale is possible, though. Using an experienced attorney can help you make sure you have all the right documents in order and save you months of time. The average time to close a short sale is 90 to 120 days, but with the right help, you could be looking at the lower end of that number instead of four months or longer.

Our website has more information on how you can speed up a short sale and get out of debt; with the right processes and debt management techniques, you can get back into control of your finances and live a life free from credit collection calls and other hassles caused by debt.

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