Assist Troubled Homeowners

Mansfield Tanick & Cohen, P.A. and Walgrave & Yardley Real Estate Group Collaborate to Assist Troubled Homeowners

As the complicated market for residential real estate - particularly distressed properties -continues to be a reality, the need for creative thinking and a team of experienced advisors is critical to effecting sales of these properties.

To aid in this effort, Walgrave & Yardley Real Estate Group has created what it hopes to be a seller-friendly process for effecting short sales of residential real estate (a "short sale" refers to the sale of a piece of property for a price which is less than the aggregate outstanding mortgage loan balance).

Assisting in this effort is their attorneys, Mansfield Tanick & Cohen. The package of documentation and information which is compiled and submitted to each lender in the process is based upon Mansfield Tanick & Cohen attorneys' own experiences negotiating lender consents to short sales of property.

Also aiding in the effort are other professionals including credit counselors and title companies.

It is our joint hope that this program proves to be a hassle-free, cost effective and expeditious way for troubled homeowners to sell their property and move forward in rebuilding their financial lives.

If you are a homeowner who is in foreclosure or otherwise in default on your mortgage, we would welcome the opportunity to speak with you and assist you in facilitating a short sale of the property subject to the mortgage. In order to be evaluated for the program, please contact either of the following individuals:

Ryan Yardley: 612-850-7500 or via email at ryan@walgraveyardley.com

Jeffrey C. O'Brien: 612-341-1263 or via email at jobrien@mansfieldtanick.com

PLEASE NOTE THAT THERE MAY BE TAX CONSEQUENCES TO A SHORT SALE. PLEASE BE SURE TO CONSULT A TAX ADVISOR