Short Sales

 "Short Sale" is a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold.

~ wikipedia

Welcome to our resource page featuring up to date information all about Short Sales. 

Click here to view my current Short Sale Listings!

If you are skeptical about our performance....click here to see our latest testimonial!

Here you will find our general Homeowner FAQ. 

Sample of this document:

What is a short sale?
In the world of real estate, a short sale refers to the sale of real property for an amount less than the amount owed on the property. In the short sale scenario, the bank agrees to accept less than the full balance due on the debt, and usually “forgives” all or a large portion of the difference.

How will the short sale affect my credit?
Short sales are still a relatively new concept. Banks have the option of submitting the short sale to the credit bureau as "Paid in Full" or "Settled for less than full balance". As far as your credit score is concerned, there is no evidence whatsoever to support that a short sale will lower your credit score. Some have the idea that this is like a bankruptcy.... (more)

Find out instantly what your home's estimate worth!  Click here!

Do you qualify for a Short Sale??

Find out!  Sample of this document:

Typically, lenders require these four ‘conditions’ in order for you to qualify for a short sale.

1.      The homeowner must be experiencing a hardship.
2.      The homeowner must owe more than the home is worth, or upside down or under water.
3.      Typically, the homeowner must be in... (more)

You will need to download and complete this Personal Financial Statement before we meet, (in PDF format),

as well as this Authorization to Release Information.  Both will need to be returned to me ASAP.

Here is an additional list of Short Sale doc's we need completed by you:

• Seller Alternatives to Foreclosure
• Hold Harmless
• Short Sale Review
• Seller Survey
  

 Here is a list of doc's we need completed by you for the listing:

• IL Property Disclosure
• Mold Disclosure
• Lead Based Paint Disclosure
• Scheduled Reduction Form
• Radon Disclosure

Click here to view my current Short Sale Listings!

Click here to see our latest testimonial!!

"Steven successfully negotiated with our lenders and SOLD our home short.  The lenders forgave over $200,000 of our debt and did not issue a judgment against us!"

Unnamed 2009 Client

If you need immediate assistance, please call me direct at 630-513-3901