FOR REAL ESTATE PROFESSIONALS

Brokers and Realtors play a crucial role in helping clients sell their homes but there are situations where their efforts may be hindered by impending Mortgage Foreclosure and Sheriff Sales and Tax Sales. In such cases, it is highly advisable for realtors to work closely with a bankruptcy attorney.

By collaborating with a Bankruptcy Attorney, realtors can protect their investment of time and resources in their listings and can explore potential solutions that may allow for additional time for the sale of the property in order to protect the equity of the homeowner. Bankruptcy attorneys guide homeowners through the bankruptcy process, which can trigger an automatic stay, halting foreclosure proceedings and providing a breathing space for realtors to market the property effectively.

Unless there are unusual facts in the bankruptcy case, realtors are permitted to retain their customary commission (provided they meet the criteria of being a disinterested party).

Realtors can also assist their clients experiencing financial hardship. Homeowners are often motivated to sell their homes because of financial difficulty. In some cases, homeowners can Retain Their Homes if they discharge other forms of debt, such as credit cards or Medical Bills.

The expertise of a bankruptcy attorney is invaluable when navigating the complexities of foreclosure and bankruptcy laws. Realtors can ensure they have the necessary knowledge and support to help distressed homeowners find viable options to avoid foreclosure.

Realtors and Brokers can be sued for giving wrong or incomplete advice to their clients or dabbling in the unauthorized practice of law.

In addition to bankruptcy services, I can also handle your clients’ closings and title insurance. Title Insurance Rates are regulated by statute and having an attorney represent your Buyer does not add additional costs. In addition, having an attorney conduct settlement has significant advantages over non-attorney settlement companies. Don’t refer your client to a non-attorney settlement company who charges settlement fees above in excess of a title insurance premium and normal reimbursement and closing costs.