Big Firm Quality, Small Firm Dedication Guidance From a Highly Rated & Respected Attorney

What is a Short Sale?

A short sale is a sale of real estate in which the proceeds from the sale are less than the balance of the outstanding mortgages. When a homeowner who is selling a property cannot possibly meet the mortgage obligation, a short sale could be the best option. In a short sale, the homeowners must reach an agreement with the lienholders on the amount of the debt that will be repaid.

What are the Benefits of a Short Sale?

A short sale allows the homeowner to retain control over their underwater mortgage problem by negotiating their best deal with a buyer and then negotiating the terms of its acceptance with the lender, including a waiver or settlement of the deficiency. Once the agreement is reached, the lienholders release their lien on the real estate and ideally, the homeowners are freed from their debt and the mortgage.

If a homeowner does not like the terms of the short sale acceptance - for example, the lender requires a payment to settle the deficiency balance that is more than the homeowner can afford - then the homeowner can cancel the short sale contract with no further obligation.

Attorney Sherry A. Edwards can often identify excellent opportunities to fight foreclosure for our clients, and can assist in negotiating a short sale that protects your rights as well as advise you of the other options you may have available. We take every step to ensure that you fully understand all the risks and the benefits of any action taken in cases of short sales of underwater property. A properly negotiated and completed short sale will benefit you and your family, allowing you to move on with your life.

This process can be carried out successfully with the help of a Sarasota foreclosure defense attorney. Contact us today. 

Our Clients Are Talking

See What They Have to Say!
  • “They provided me with a sense of confidence that the process would be successful, and that they were committed to a positive outcome.”

  • “Awesome attorney!”

    Aron Kulle
  • “Sherry Edwards was instrumental in causing our unfortunate financial problems regarding our primary residence to be mitigated in a successful manner with our bank.”

  • “THE BEST! Superior in every aspect.”

    Kim B.
  • “Sherry was able to get our case dismissed as well as win back all of our legal fees.”

  • “Best Team on the Planet, saved our Future.”

  • “Her expertise and knowledge of the eviction process proved invaluable.”

  • “Very professional, and knowledgeable with all my Real Estate needs.”

    Avvo User
  • “Sherry was very knowledgeable, professional, responsive and patient!”

    John Grande
  • “Mike was a very skillful negotiator with an extremely uncooperative lender.”

  • “Sherry and Mike Edwards worked through all the challenges with our short sale and foreclosure proceedings as promised.”

    Avvo User
  • “So, I hired Sheryl Edwards and within just One (1) week she took control of the Whole Situation”

  • “Her representation was professional and outstanding.”

  • “One of Sarasota's best attorneys for all things real estate.”

    Jody G.

Turn to Us for Advice

We're Prepared to Answers Any of Your Questions About the Legal Process
  1. Sheryl A. Edwards is a Board Certified Specialist in Real Estate Law
  2. Over 23 Years of Experience
  3. Selected for Super Lawyers 6 Times
  4. Achieve Client Objectives in a Timely Manner
  5. Personalized Attention & Case Strategy
  6. Your Goals Always Come First
Request a Consultation
  • Please enter your name.
  • This isn't a valid email address.
    Please enter your email address.
  • This isn't a valid phone number.
    Please enter your phone number.
    You entered an invalid number.
  • Please select an option.
  • Please enter a message.