Looking to Short Sell? Click Here
MICHAEL SORENSENÂ - RE/MAX CITY
BROKER, ABR, SFR,Â CDPE Certified Short SaleÂ Specialist
#1Â Agent For The #1 RE/MAX inÂ Chicago
100+Â Short Sale Properties SOLDÂ exceeding $20 Million
See My SOLD Listings - CLICK HERE
TEL (773) 987-8224 - Chicago
TEL (847) 696-1664 - Park Ridge
No Suburb is Too Far.. I Come To You!
Before you hire anÂ agent, ask to see their sales record:Â Here is mine
SHORT SALE QUESTIONS & ANWERS - CLICK HERE
Work with The Best! Top Producer withÂ Top Results!
Free Short Sale MLS listingÂ including Virtual Home Tour + Free Short Sale Negotiation ServiceÂ + Free Short Sale Attorney! No Closing Costs To Seller (Bank pays us)! 9 out of 10 approved!
What is a Short Sale? A Short Sale is a Pre Foreclosure Workout Solution. Its a Real Estate Sales Transaction contingent upon the successful negotiations with Sellers lender(s), lienholders and/or other third partiesÂ to accept a payoffÂ of less than the total amount owed.
CLICK HERE to see a commonly used Short Sale Addendum To Real Estate Contract
Why Banks Do Short Sales? Banks agree to do short salesÂ whenÂ a short sale makes more financial sense to bank than foreclosure.
FORECLOSURE: The average loss per Foreclosure is 65%.
That means the lenderÂ netsÂ only $35,000 on a $100,000 note.
SHORT SALE: The average loss on a Short Sale is 40%. Using the same $100,000 original note example, theÂ lender ends up with $60,000, that is a savings of a 25% of Short Sale versus Foreclosure, on average.
How long does it take to do a Short Sale?
There is no specific answer to this question.Â Short SaleÂ process can take as little as 2 months or could go for over a year.Â 5-6 months is theÂ average to completeÂ a real estate short sale transaction: 4-8 weeksÂ marketing time (finding a buyer), 2-3 monthsÂ for bank approvals,Â 4-6 weeksÂ to close the deal.
Do you owe more than the house is worth?
Short Sell with me for free:Â
- In a Short Sale transaction, the sellers lenderÂ pays the sellers typical closing costs:
- Get a Free MLS Listing with a Virtual Home TourÂ
- REALTORS Commissions are paid by the bank
- Title Company fees are paid by the bank
- Seller Attorney legal Fees are paid by the bank
-Â Unpaid property taxes are paid by the bank
- Do a Short Sale!Â AvoidÂ Foreclosure!Â
Facing Foreclosure? Short Sell your property with The IllinoisÂ Top Ranked Best Selling Short Sale REALTOR specializing in executing Real Estate Short Sales in Chicago & Illinois , Chicago Short Sale Homes For Sale,Â Chicago Pre Foreclosure Help, Chicagoland Best Short Sale RE/MAX Realty office Short Selling Properties in Chicago and Cook, DuPage, Kane, Kendall, Lake, McHenry, Will, Boone, Rockford counties.
We are Chicago & Illinois Leading Short Sale Specialists
Serving Chicago & ALL Suburban Chicago, Illinois.
IÂ Short SellÂ HomesÂ worthÂ $75,000 or more
withÂ extremely High Short Sale Approval Rate
Click Here - Get My Short Sale ListingÂ Packet
Call me now..Â 773-987-8224
Serving Chicago & ALL Suburbs!
Chicago Short Sale Real Estate Agents Brokers, Chicago Top ShortSale Realty, Illinois Best Short SellÂ Realtors Specializing in short selling homes in Chicago and Cook, DuPage, Kane, Kendall, Lake McHenry and Will County Illinois. Short Sell your property with me for FREE. Michael SorensenÂ - Real EstateÂ Broker REMAX CITY Realtors Chicago Norwood ParkÂ Branch, Award Winning Top Producing Best Selling Broker/Agent specializing in executing Short Sales: Citi Bank, Citimortgage Short Sales, ChaseÂ Bank Short Sales, Wells Fargo Short Sales, Wachovia Short Sales, Litton Loan Short Sales, Bank of America Short Sales, Harris BankÂ and many others. Short selling properties in Addison, Arlington Heights, Algonquin, Alsip, Antioch, Aurora, Bannockburn, Barrington, Bartlett, Belvidere, Bensenville, Berwyn, Bloomingdale, Bolingbrook, Buffalo Grove, Bridgeview, Burbank, Burr Ridge, Carol Stream, Carpentersville, Cary, Cicero, Crystal Lake, Deerfield, Deer Park, Des Plaines, Downers Grove, Dundee, Edison Park, Elgin, Elk Grove Village, Elmhurst, Elmwood Park, Evanston, Fox Lake, Forest Glen, Franklin Park, Geneva, Genoa, Glencoe, Glendale Heights, Glenview, Grayslake, Great Lakes, Gurnee, Hainsville, Hampshire, Hanover Park, Harwood Heights, Hawthorn Woods, Highland Park, Hinsdale, Hoffman Estates, Huntley, Ingleside, Inverness, Island Lake, Itasca, Ivanhoe, Irving Park, Jefferson Park, Joliet, Kenilworth, Kildeer, La Grange, Lake Bluff, Lake in the Hills, Lake Forest, Lake Villa, Lakeview, Lake Zurich, Lemont, Libertyville, Lisle, Lincoln Park, Lincolnshire, Lindenhurst, Lombard, Long Grove, Marengo, McHenry, Melrose Park, Morton Grove, Mount Prospect, Mundelein, Niles, Naperville, Norridge, Northbrook, Northfield, North Center, North Chicago, Northlake, Norwood Park, Northshore, O Hare, Oak Brook, Oak Lawn, Oak Park, Old Town, Orland Park, Palatine, Park Ridge, Plainfield, Prairie View, Portage Park, Prospect Heights, Richmond, River Grove, Riverwooods, Rockford, Rogers Park, Rolling Meadows, Roselle, Round Lake, Schaumburg, Schiller Park, Skokie, Sleepy Hollow, South Barrington, South Elgin, Spring Grove, Spring Grove, St. Charles, Stone Park, Streamwood, Sugar Grove, Summit, Sycamore, Sugar Grove, Tinley Park, Vernon Hills, Villa Park, Winnetka, Wadsworth, Wauconda, Waukegan, Wayne, Westchester, Wheaton, Wheeling, Willowbrook, Wilmette, Winthrop Harbor, Wonder Lake, Wood Dale, Woodridge, Woodstock, Zion, Illinois. Cook County Short Sales, Lake County Short Sales, DuPage County Short Sales, Will County Short Sales, Kane County Short Sales. Chicago Short Sale Specialists, Pre Foreclosure Help, Polish Speaking Realtors, Mowimy po polsku, domy w Chicago, Nieruchomosci, polski agent, Spanish Speaking Realtors, hablamos espanol, se habla espanol, venta de casas en chicago, vendadores, compradores, Best Realtors, Top Realty, Top Real Estate Agents Brokers, REMAX CITY REALTORS in Chicago Top Best Selling Remax Realty Office in Chicago Illinois, Real Estate Agents.
MICHAEL SORENSENÂ - BROKER, ABR, SFR, CDPE
#1 AGENT FOR THEÂ #1 RE/MAX OFFICE IN CHICAGO, IL
I SOLD 100+ PROPERTIES SINCE 2009
Serving Chicago & ALL Suburbs