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Short Sale Transactions

Short sale legal fees

Our short sale services are provided without charge to our clients. Our typical fee is one percent of the sales price of your property. We either collect our fee from the lender, from the real estate agent’s commission, or from a combination of both, never from you. No matter where our fee comes from you are our client, and we work towards achieving the best possible outcome for you. If you should decide that you no longer wish to continue pursuing a short sale after you give us notice we will close your file without any payment being required.

Preliminary due diligence conducted on the Short Sale Property

Prior to our initial interview with you we engage a company to perform a preliminary title review to determine potential obstacles to a sale of your property. This company reviews deeds, deeds of trusts and mortgages, lawsuits, foreclosure actions, bankruptcy proceedings and other publicly available information. The company that provides this service does so without payment from you but it does seek payment from your lender in the short sale.

Determining if a short sale is right for you

After the title review is completed one of our attorneys will conduct either an in-person or telephone interview with you. The purpose of this interview is to ensure that a short sale is a good option for you to pursue. In some instances we will recommend a different course of action that may better suit your situation. We also take this opportunity to explain the short sale process and answer any questions that you may have. If you are a good short sale candidate, we will formalize the attorney-client relationship with an engagement letter.

Communicating with your mortgage lender

Once you are a client we work with you to gather the paperwork required by your lender. We will submit this paperwork to your lender on your behalf and work on your matter two to three times a week, or more frequently in some instances, to ensure that your short sale is completed or until your lender makes a final decision. We will communicate with your lender in regards to the short sale so you do not have to. We provide regular status updates to you and the real estate agents involved in your transaction so that everyone is fully informed of the progress and efforts being made on your behalf.

Reviewing the short sale approval

Once a short sale approval is issued, one of our attorneys will contact you again to review the terms of the approval and answer any further questions you may have. We will also work closely with the title company to ensure that settlement occurs in a timely fashion. One of our attorneys is available to answer your questions at any point during the short sale process and even after the short sale is completed.

Service areas

We are licensed to accept clients in Maryland and Washington D.C. We have successfully closed files in Montgomery, Howard, Prince Georges, Baltimore, Harford, Cecil, Calvert and Worcester counties as well as Baltimore City.

 

Have questions about short sale transactions in Maryland?

Todd Heise can answer them. 

Ask Todd a Question

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(410) 394-9504
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3233 Eastern Ave
Baltimore, MD 21224

(410) 394-9504

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"Heise & Heise...a firm you can rely on. Recently, Todd and his staff assisted me in a real estate matter. I cannot thank them enough. Every step of the way I was treated as if I was their only client. I was kept up to date on every aspect of the process. If I had a question or concern, either Todd or one of the staff was there to answer in a way that was easy to understand. I do not know what I would have done if it were not for the top notch representation I got from Todd. If you have a real estate matter that requires legal help, call Heise & Heise...I assure you, you will be thankful you did."— Joel L., Seller, Ocean City, MD
"It's certainly not an easy decision when you realize that you have to short sale your home and like many hard working people that try to make it work, sometimes it simply doesn't. '08 was hard on so many of us and the ramifications were far reaching, overbearing and didn't leave many of us with much hope or solutions. I am writing this review to personally thank Todd Heise and Melissa for all of their handwork in making this stressful process that much easier. I am truly grateful for their help, patience and expertise. I would also like to take this time to HIGHLY recommend them to any individual that is now weighing their options. Just because you feel alone, doesn't mean you have to be. Do yourself a favor and give them a call."— Oscar C., Seller, Baltimore City, MD
"Mr. Heise is absolutely wonderful! We had a short sale negotiation which lasted for a long time. If it was not for Todd, we don't believe that it would have resolved. He is an excellent Attorney with extensive experience and is prompt in his communications. We sincerely thank him for all his help and expertise. We strongly recommend him for any real estate matters."— Thamban V., Buyer, Howard County, MD

Real Estate Legal Services in the Baltimore, Columbia, Rockville, MD and Washington DC areas.

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