A Helping Hand For Michigan Families
Over 120 years of combined legal experience advocating debt resolution for our clients.
We look forward to earning your trust.
Does a Short Sale Result in Deficiency Debt?
Posted by AcclaimLegalService
Many homeowners seek a short sale if they are no longer able to maintain their mortgage payments or wish to step away from the property due to valuation issues. In most cases, the homeowner needs to prove a financial hardship for the bank to engage in a short sale. When the house is sold for an amount less than your mortgage, the remaining balance is known as "loan deficiency debt." The common…
Latest Posts
-
Attorney Christopher W. Jones Quoted in DS News Magazine
- May 23, 2023 -
Michigan Foreclosure Forecast for 2023
- May 12, 2023 -
Avoiding Bankruptcy in 2023
- May 09, 2023 -
Attorney Christopher Jones was nominated and voted to become a 2022 Super Lawyer
- Oct 17, 2022 -
What to Expect About Your Credit Report After Your Discharge
- Jul 04, 2022
Thank you Acclaim Legal Services!
I have been a client if Acclaim Legal Services since 2004. The legal services that they have provided for me during the time that I was experiencing some financial challenges, saved my home, car, credit, and dignity. I did not know what I was going to do,…
Me and my wife want to thank you and your team for all the help in successfully going through the discharge of our Chapter 13 bankruptcy case.
In particular, Cindy Millns has been prompt and responsive in providing all the necessary information. It has…
Just wanted to thank you for all your help settling our deficiency with the bank.
After finding out the bank wanted us to pay the difference between what we owed them on the house and what they sold it for, I didn’t know which way to turn…the thought of possibly loosing our building kept…
Over the past few years I have been working with Cindy Millns for my case. She has been so easy to work with and helpful, that I cannot express enough gratitude for her professionalism and courtesy during my troubling times. She took the time to answer phone…