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Real Estate Attorneys

Real Estate Sales:


If you are selling your home but  you have Equity in the property, then you will be completing a traditional sale.

It is the Seller's responsibility to have a Deed and Rhode Island Residency Affidavit prepared, as required per the RI Purchase & Sales contract.

 

It is highly recommended that you secure your own attorney to prepare these documents, and serve as your advocate in preparation for the closing.  While most transactions are not adversarial, it's important to have independent counsel to answer all of your questions.

Short Sales:


​If you want to sell your home, but you currently owe more money than you can sell it for, then you will need a short sale.

​       Ex:  If you owe $250,000.00 and the Fair                  Market Value of your home is $200,000.00        

      - then you either need to be prepared to               

       bring the $50,000.00 deficiency to closing,          

       or complete a short sale.​

 

There are tax ramifications associated with completing a short sale, and we recommend that you seek the advice of a CPA that is familiar with short sale transactions.

 

For a Free Consultation to determine if you will qualify for a Short Sale, please call us today!

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