My Lawyer Says I Won't Owe the Bank anything if I list as a Short Sale

Oh, my God.

And how much did this attorney charge them for this ill advice??

Wow!  Thanks for the post Sally and David.  Who knows how many people are unnecessarily facing foreclosure due to inaccurate advice like this.

Hi Sally & David:

I keep hearing this also...

I just don't understand where these attorneys are getting their logic from.

This attorney is not up on how short sales really work - neither are lots of agents either. One of these days I will take all my formal and informal short sales studies and go for it.  I do want to do it correctly and do what is best for my clients.

Well said!  In this uncertain time, all we need (NOT) are people pretending to give knowledge that they don't have....poor advice indeed!

Scary.... I think in my state lawyers can practice real estate by virtue of their lawyerhood.  I would hope most don't if they are not qualified...

that whole divorce thang is so stressful to begin with... even without this kind of real estate market. Ick.

That attorney should keep his bad advise to himself. I just love your site and look forward to reading your blogs. You have done a very nice job on your page.

I don't understand why people continue to over reach with clients. I hope they didn't pay for that advice.

That brings up a point that has always puzzled me. Just because one is licensed to practice law, all 50 states allow that licensee to practice real estate, even if it's been 50 years since that licensee was in law school. I'm with you. The only attorneys who should be practicing real estate are real estate attorneys. All others should pay attention to their own speciality and seek outside help when the question is outside their branch of knowledge.