Top Frederick, MD Short Sale Lawyers Near You
199 E. Montgomery Avenue, Suite 100, Rockville, MD 20850
7845 Belle Pointe Drive, Greenbelt, MD 20770
11705 Berry Road, Suite 202, Waldorf, MD 20603
8787 Branch Avenue, Suite 245, Clinton, MD 20735
5527 Surrey Street, Chevy Chase, MD 20815
199 East Montgomery Avenue, Suite 100, Rockville, MD 20850
8400 Corporate Dr, Suite 230, Landover, MD 20785
11140 Rockville Pike, Suite 428, Rockville, MD 20852
30 Courthouse Sq, Suite 302, Rockville, MD 20850
306 Merrimac Ct, PO Box 790, Prince Frederick, MD 20678
129 W Patrick St, Suite 3, Frederick, MD 21701
1738 Elton Road, Ste 105, Silver Spring, MD 20903
401 North Washington Street, Suite 500, Rockville, MD 20850
7315 Wisconsin Avenue, Suite 800 West, Bethesda, MD 20814
4610 Elm Street, Bethesda, MD 20815
6003 Executive Blvd, Suite 101, Rockville, MD 20852
18310 Montgomery Village Ave, Suite 400, Gaithersburg, MD 20879
98 Church Street, Rockville, MD 20850
10816 Town Center Blvd., Suite 505, Dunkirk, MD 20754
7135 Blue Grass Way, Owings, MD 20736
51 Monroe St, Suite 408, Rockville, MD 20850
14405 Laurel Place, Suite 104, Laurel, MD 20707
352 W. Patrick Street, Frederick, MD 21701
506 Main Street, 2nd Floor, Gaithersburg, MD 20878
7508 Wisconsin Avenue, Second Floor, Bethesda, MD 20814
Frederick Short Sale Information
Lead Counsel Verified Attorneys in Frederick
Lead Counsel independently verifies Short Sale attorneys in Frederick and checks their standing with Maryland bar associations.
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What Does Contingent Mean in Real Estate?
In a real estate transaction like the sale of a house, a “contingency” clause in the contract acts as a way to cancel the contract if a certain event were to happen. For instance, if you make an offer and the seller accepts it, you may negotiate a contingency that accounts for a poor housing inspection allowing you to back out of the deal. If you need to sell your home as well, you could negotiate a contingency that allows you to back out of buying the new home if you can’t sell your current one.
What Is a Short Sale?
A short sale is when the seller is selling the property for less than is owed on the mortgage. This could be a bank that repossessed the home in a foreclosure. In this case, the bank would sell the house, essentially hoping to get someone to buy the house, and the bank will forgive the difference that remains on the original mortgage. A short sale often presents a good opportunity to the right buyer who needs to save a bit of money.
Do I Need a Real Estate Lawyer or a Real Estate Broker?
A broker (also known as an agent or realtor) represents people in the home buying or selling process. But they may not be as experienced when it comes to contract negotiations as a real estate lawyer. While you may not need a real estate lawyer for your home sale, they can help you deal with any unexpected roadblocks to the sale process. Some states also require a real estate attorney for any contract signings. If you are unsure, you could schedule a consultation.