Not only do I sell real estate in the Baltimore, MD area as an associate broker, but I am also a real estate attorney. In my decade-plus time in the short sale legal space, a significant number of transactions I handled involved short sales. As a real estate agent, when I list a short sale property for a client, I usually receive 2-3 solicitations from companies, real estate agents or law firms that are looking for short sale business. Here are a few of the biggest drawbacks from these organizations searching for short sales business in Baltimore, MD.
One – Some of them are out of state and while they may be licensed to do business in Maryland they do not have a physical presence in our state. This is incredibly inconvenient if you want to go to their office to drop off paperwork or discuss your file with them. At Heise & Heise, LLP we operate an office right in the Canton neighborhood of Baltimore City. If you want to swing by and ask some questions or drop off paperwork, no problem . . . we are here for you. We are 100% the hometown option.
Two – They do not conduct any sort of intake interview. That’s right, they just sign you up as a client for a short sale no questions asked. There is no fact gathering to discuss if there are better options for you or to discuss how a short sale may affect other aspects of your life (credit score, taxes, etc.). When we have a potential short sale we research your property to see if there are any obstacles to sale. Also, we conduct a 30 to 60-minute intake interview to see if you are a good candidate and to determine whether a short sale is the best option for you.
Three – When it comes to law firms, they really hammer the fact that they are a law firm and you will have professional representation. This sounds great, however, when I call and ask when I can speak to an attorney or schedule an intake interview with one I am mostly informed that the attorney just oversees the file. So what you have is a non-attorney handling your initial interview and file processing with very little oversight or input from an attorney. We make sure an attorney conducts your intake interview and is actively involved in the day-to-day handling of your file and formulates the strategy to get your short sale approved.