Exactly What Does a Real Estate Law Firm Do?-Michael W Lanier Attorney
                     WHAT IS THE ROLE OF A REAL ESTATE LAW FIRM? 
MICHAEL W LANIER ATTORNEY 
 
Real Estate that is sold for less than the mortgage owed is known as a short sale. 
Typically, you do not need to hire an attorney in order to complete most 
transactions. The hiring of an attorney is a good idea, even though the expense 
could increase. 
Here are a few circumstances where you should hire a real estate law firm. 
Short Sale: 
A short sale is when real estate is sold for less than the mortgage is owed on. A 
real estate law firm should be consulted by financially troubled homeowners who 
are thinking about a short sale. Typical short sale requirements include:  
 
 
 
 
 
 
 
 
 
 
 
 
 
In-depth Knowledge: 
The lender may ask the seller to liquidate any assets that could be used to pay off 
the loan. Vendors are protected from this in some states, and some items are not 
considered assets. A real estate law firm will examine the seller's circumstances 
and determine whether the seller qualifies. 
 
Sale Approval by the Lender: 
An attorney is essential in negotiating the vendor's best protection from the 
mortgagee. The bank can still pursue the seller in some ways to recover the 
shortfall. Sadly, this means that the seller will no longer be able to protect his 
property from the bank in the future. 
 
 
 
 
 
 
 
 
 
 
 
 
 
Successions: 
There are a lot of questions about buying or selling an inherited property. The first 
inquiry from both buyers and sellers is, "Who can sell the property?" Any party 
can get help from a real estate law firm to make sure the transaction complies 
with all legal requirements. 
 
Michael W Lanier Attorney has specialized in real estate law for most of his 
career. In 2006, he established his own company to serve the North Florida 
neighborhood. Our services include loan modifications, foreclosure defense, loan 
forensics, credit restoration, and credit restarts.