Understanding Short Sale

The Girvin & Ferlazzo Radio Show provides Talk 1300 AM listeners throughout the Capital District and Upstate New York with relevant information on a variety of legal topics. Tune in to Talk 1300 AM every Saturday morning from 10:00 to 11:00 AM to learn more about the legal issues making headlines and to ask our knowledgeable attorneys your own legal questions.

In the meantime, take a listen to the episode from April 2nd, 2016.

A Few Topics Covered In Our April 2nd Episode

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house saleDefining Terms – Short Sale

A short sale can occur when a homeowner wants to sell his or her home but is upside down on the mortgage, possibly due to  a downturn in the real estate market. To avoid the difficult and cumbersome process of foreclosure, the bank may agree to allow a homeowner to sell the home for less than the outstanding balance on the mortgage to limit its own exposure and recover a portion of what is owed. This type of real estate sale is called a short sale because the homeowner will “fall short” of paying off the remaining mortgage.[grid_row_close]

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gavel on cashIn the Headlines

On March 17th, a Dallas, TX, jury ordered Johnson & Johnson to pay five plaintiffs in excess of$500 million after a jury determined that the pinnacle hip implants sold by Johnson and Johnson were defective and that Johnson and Johnson  had  withheld important information regarding the possible side effects associated with their Pinnacle hip replacements.   If you or someone you know has a Pinnacle hip replacement, contact Girvin & Ferlazzo now for a free case evaluation — you may be entitled to significant compensation. Learn more, and submit a request for a free case review. [grid_row_close]

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insuranceFrom the Public

Have you ever encountered a circumstance where your insurance company denies coverage despite the fact that you consistently pay your premiums? One caller told us about such a circumstance. If this happens to you, be sure to do the following things:

  • Obtain written confirmation of denials, including the reason behind them.
  • Contact the New York State Insurance Department at 1-800-342-3736.
  • Contact an attorney at Girvin & Ferlazzo.[grid_row_close]

Please don’t hesitate to contact our law firm if you have a case you’d like us to look at.