Real Estate
Experienced in: Short Sales, Foreclosures, Creditor Disputes, Personal Real Estate and Real Estate Finance in Massachusetts, New Jersey and Pennsylvania
In these challenging times, a true expert is what you need for handling your real estate legal matters ranging from regular closings to short sales, foreclosures, complex financial negotiations like mortgage workouts, etc. Scott C. Crabtree is recognized by clients, financial institutions, and his peers as just such an expert when it comes to complex matters where your financial future is literally on the line.
Short Sales
What is a Short Sale?
Simply, when a lender agrees to discharge a mortgage for less than the lender is contractually due it is called a short sale. Because of the mortgage crisis and housing market meltdown, many sellers currently are unable to close without the lenders agreeing to such a short sale. Sellers may not be in default. They merely may not have enough equity in their home to sell it and pay off their debt and fees.
Attorney Involvement. Attorney Scott C. Crabtree has successfully helped sellers avoid foreclosure and sell their homes by negotiating short-sale payoff agreements with their lenders. In short sale transactions, the listing real estate agent gets paid their commission, the seller’s closing costs get paid, and sellers, often, are not required to bring any money to the closing table.
If you are contemplating a short sale, speak with an experienced attorney and Certified Public Accountant to determine if there could be a deficiency judgment and/or taxable gain based on the amount the payoff to the lender was deficient.
Foreclosures
Protecting your interests.
Your mounting unpaid mortgage payments have led creditors to seek satisfaction through foreclosure. However, you have alternatives. Attorney Scott C. Crabtree is skilled at assisting homeowners in taking remedial measures to prevent foreclosure. He works with lenders and consumers to find foreclosure alternatives because reality is that most lenders do not want to foreclose—they lose money and everyone can incur large expenses.
Scott C. Crabtree will:
- Help you devise an appropriate alternative to foreclosure, such as a deed in lieu of foreclosure
- Assist in finding a buyer at a realistic price
- Tailor another solution appropriate for you and your family
- Personal real estate
The decision to sell a home is one of the most important decisions we make in our lives, for emotional as well as financial reasons. Long before closing, it makes sense to consult a real estate attorney to understand what a seller must do to ensure a smooth transaction. Lack of planning can delay or prevent closing.
Having a lawyer review your real estate transaction is always a sound idea:
- It gives you confidence of protection from potential future litigation
- It helps ensure a good deal results from expert negotiation
Attorney Crabtree pays attention to all the fine print in your real estate contract to make sure you are protected. He is a skilled negotiator who works hard to help you maximize your investment.
Real Estate Finance
Having knowledgeable legal counsel for your real estate finance issues can have long-term benefits. Scott C. Crabtree has represented numerous institutional lenders who provide financing for many types of projects, including loans for stand-alone buildings, commercial office buildings, apartment houses, and shopping centers.
He assists with issues related to mortgages, acquisitions, and construction loans. He provides in-depth advice about your obligations, including:
- Mortgage substitutes
- Foreclosure actions
- Subrogations
- Contributions
- How you may be affected by statutory schemes
SERVING CLIENTS IN MASSACHUSETTS, NEW JERSEY AND PENNSYLVANIA
Scott C. Crabtree’s Saugus, MA offices represents clients with a trusted personal touch. Serving Middlesex and Essex counties, and greater Boston. He is licensed in Massachusetts, New Jersey and Pennsylvania. Contact us today, or call 781-233-3334 for an initial free consultation.
