Monthly Archives: September 2014

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Kelly

The more I get to know her the more convinced I am that she is the right attorney for me. The compassion and integrity I have seen is quite remarkable and I highly recommend you use her office to service your legal needs!!!

Mike

Ms. Nagel represented my wife and I in a bankruptcy case and also in a recent real estate transaction. I felt compelled to share our experience. Ms Nagel and all of her staff handled everything in a very professional matter to reach a satisfactory result for us. They also never lost sight of the toll that legal matters can have on people and were supportive and concerned as to how we were doing. To say we are grateful would be a gross understatement. Ms Nagel is a great Lawyer with a top notch staff. I would recommend the law firm of Merideth Nagel, P.A. to anyone in need of quality representation

Tiki Jackson

Merideth Nagel has been a help to me, over the last 10 years, for multiple legal issues! As her client, and as a realtor who utilizes her real estate and title services, Merideth, along with her phenomenal staff, has afforded me a no-worry transaction, and confidential, professional and caring guidance EVERY TIME!!!

How Can I Repair My Credit After Bankruptcy?

Recovering after a Chapter 7 bankruptcy might seem overwhelming as individuals try to qualify for a mortgage for a home or apply for credit cards. While the process is admittedly a struggle, a Clermont bankruptcy attorney might be able to offer some solutions to these challenges.

Timeline of a Short Sale

Merideth-Nagel-178X250Following the mortgage crisis and resultant recession, many homeowners found themselves unable to pay their mortgages. Many were not even able to sell their homes for home values had plummeted to the extent that they could not get what they owed. Real estate short sales have become a popular way to remedy this situation; it allows the homeowner to avoid foreclosure. If you are considering a short sale, it is important that you work with a Minneola short sale attorney who will ensure that your rights protected.

Why Short Sales Are Possible
Short sales work because lenders otherwise face the real possibility of receiving nothing at all as they foreclose on a property. Generally, however, a homeowner must be delinquent on payments to qualify. A Minneola short sale attorney will help you through the process of the short sale and make sure that you follow all the steps necessary in order to complete the sale as quickly as possible.

Timeline Of A Short Sale

Numerous issues bear upon the time it will take for a short sale to be completed. Even the type of loan you have affects this. If you have a government-sponsored and funded home loan such as an FHA, there may be a delay. Some homeowners have to contend with having mortgage insurance as well.Your first step is to gather all the necessary documents. These include:• Bank statements for the past two months

• Tax returns for the past two years
• Your payroll stubs and W2s for the past two years
• A financial statement (form 1126)
• Form 4506
• A letter detailing your hardship that must be signed and dated.These documents are necessary in order to show why you are unable to pay your monthly mortgage. You may be asked to provide more documents as well. You will then sign a listing agreement with the real estate agent. The period of time to a sale is difficult to estimate. If the marketplace is attracting a lot of buyers, you may be able to get an offer rather quickly. You may, however, need to wait two or three months or more.

Once an offer is made, the short sale package is submitted to HUD for approval. This can take anywhere from 60 to 90 days.

Your Minneola short sale attorney will tell you that there are many variables that can affect the time it takes to sell your property. For one, the buyer may become fearful and back out of the sale.

Work with an Attorney if You Are Considering a Short Sale
While it is not strictly required by law that you work with a Minneola short sale lawyer, you will find that it serves your best interests to do so. Call Merideth Nagel, P.A., Attorney at Law today to arrange a consultation. Call 352-404-4634 or toll-free at 877-580-6868

Se habla español

Gracias por contactarnos. En Merideth Nagel, P.A. creemos que aqui tenemos una solución a cualquier problema legal. Si usted necesita la protección contra acreedores con su bancarrota, una defensa sólida para la ejecución hipotecaria de su casa, derecho inmobiliario, derecho de los negocios o lesiones personales le podemos asistir. Por favor, llena nuestro formulario de contacto o llámenos al 352-394-7408. “En este negocio hacemos la diferencia”.

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Serving West Orange County, Lake County, Sumter County & Marion County

  • TESTIMONIALS

    The more I get to know her the more convinced I am that she is the right attorney for me. The compassion and integrity I have seen is quite remarkable and I highly recommend you use her office to service… ~ Kelly,

  • TESTIMONIALS

    Ms. Nagel represented my wife and I in a bankruptcy case and also in a recent real estate transaction. I felt compelled to share our experience. Ms Nagel and all of her staff handled everything in a very professional matter… ~ Mike,

  • TESTIMONIALS

    Merideth Nagel has been a help to me, over the last 10 years, for multiple legal issues! As her client, and as a realtor who utilizes her real estate and title services, Merideth, along with her phenomenal staff, has afforded… ~ Tiki Jackson,

  • TESTIMONIALS

    “If it weren't for Merideth Nagel and her top-notch team of seasoned professionals, I shudder to think where my family would be today. At this firm, you are not a name, a face, a case number, or a quagmire. You… ~ Heather, Clermont

  • TESTIMONIALS

    “Merideth and her team have been a real blessing to me over the years! She helped me with real estate several times and estate planning. I can recommend her with full confidence!” ~ Nancy, Orlando

  • TESTIMONIALS

    “We utilized Nagel Law to assist us with a real estate transaction a little over a year ago. Merideth and her entire staff treated us with the utmost professionalism as well as eased our minds pertaining to this transaction. We… ~ Lynette, Orlando