Dear MWhite,

Sorry to be responding to your question late, but I have just joined Trulia Voices in the last 48 hours. I would not call myself necessarily expert on short sales, although I am pretty expert on South Shore (I was the top dollar volume producing agent in South Shore in 2007). I am currently working with a client who has 5 multi-unit buildings for sale in the area (most of which are entering the short sale/pre-closure phases of negotiation). I'd be happy to meet with you to discuss your options if you still have time to make a decision about putting your building on the market pre-foreclosure. Feel free to contact me at any time.

Sincerely,

Christopher Thomas
Broker Associate, Sudler Sotheby’s International Realty
1634 E. 53rd St. 2nd Floor Chicago, IL 60615
773-418-0640 (mobile) 312-577-0985 (fax)
Christopher.thomas@sothebysrealty.com

Home Solutions Chicago -

http://homesolutionschicago.com

Contact: Brenda Harris
773-873-3506
Evenings: 6:00pm. to 10:00 pm. Mon.- Sun.

i sold my house and i hire this firm Law in Chicago Downtown ! they are the best ! i did a Short Sale , and my credit is perfect !
the firm is "Guest , Walsh & Townsend" they are very good with banks and and have a lot experience , you don't need to hire a realtor until the last day ! i m from Poland living in Chicago and i sold my house in 1 day after the process .

We are ICG Inc., you may have seen our name in the agent remarks of many short sale MLS listings. Why? because we are former mortage lender executives who now are the prefferred short sale outsource for Realtors, Investors, and attorneys, and private sellers. What do we offer? No cost to agent or seller, average 30 day approval times, 95% success ratio, and a 47% discount average (for investors)

Have you heard these claims:
*You can't do short sale when the sellers aren't delinquent.
*You can't protect a sellers credit if they do a short sale.
*You can't get paid your full commission on a short sale.
*You can't do a short sale with a seller who has assets/cash flow.
*Commercial properties can't be short sales.
*ect., ect., ect.

Well, I'm here to tell you that we can and do all of these supposed "undoable" deals. How? It's simple - we know what we are doing!

Check out my blog at http://short_sale_expert.activerain.com/

Don't settle for the so called "experts" who may have taken a course or read a book, use the industry insiders - Investors Capital Group Inc.

Agents and investors - ICG has developed a detailed and advanced short sale training course called "The ICG Method" Contact me for details.
Oh, by the way, we are fully IL HB4611 compliant. If you talk to an "expert" and they don't know what this is, run, don't walk away. This is new Illinois legislation designed to protect the seller.

http://www.ChicagoShortSalePro.com

TEL 773-987-8224
TEL 847-696-1664

Why choose Michael Sorensen Team for your Chicago & Illinois Short Sale Service?

- there are no upfront fees or out-of-pocket expenses to our short sale clients for any of our short sale service and you will not be asked to bring any money to closing. We are paid by the Bank.

- we are Short Sale and Pre Foreclosure experts. We help property owners negotiate a short sale, avoid foreclosure and walk away with no obligations.

- we have partnered with the largest short sale negotiation firms and top real estate attorneys specializing in short sale and foreclosure law, who close more short sale transactions than anyone else in Illinois.

- we have established relationships with virtually every lender, so we are able to properly 'package' the short sale and get it to the right person in the right format for an prompt response.

- your bank could let you sell your property for less than you owe in mortgages if you are in financial hardship or must relocate.

- we don't charge any upfront fees and you will not be asked to bring any money to the closing.

- The Realtors' commissions, the Lawyers fees, our Short Sale negotiators and the Seller's closing costs are paid by the bank.

- We will NEVER try to buy your property from you, and we will NEVER ask you to sign the deed over to us. We just want to help you sell the property.

Sincerely,

Michael Sorensen - Broker Asc
RE/MAX CITY REALTORS
Serving Chicago & most Suburbs
5435 N. Harlem Ave
Chicago IL 60656
TEL 773-987-8224
TEL 847-696-1664 http://www.ChicagoShortSalePro.com

Related Terms & Definitions.

Short Sale (Pre Foreclosure Sale, Short Sell, Short Pay)
Definition: Short Sale is a Real Estate sales transaction where the proceeds of the sale fall short of the property owner's outstanding real estate debt obligations (mortgage loans, real estate taxes, etc..).

In a Short Sale, the lender agrees to adjust the amount owed on the mortgage and accept less than a full payment, in order to get the property sold and avoid foreclosure.

Foreclosure.
Definition: Repossession of a real property. A legal process by which the lender forces a sale of a mortgaged property because the borrower has not met the terms of the mortgage. (Short Sale prevents Foreclosure).

REO.
Definition: Real Estate Owned. Refers to bank or corporate owned property aquired through foreclosure. If a property does not sell at the foreclosure sale (auction), it goes back to the lender and becomes an REO.

BPO.
Definition: Broker Price Opinion.

We work short sales with agents, brokers, attorneys, and for some buyer and investors. We know the process and have great rapport with most major lenders. Services with us are FREE and we BUY the properties from the lender AND discount ALL liens on title. info@nysengroup.com

We pay for referrrals! We submit our offer with private funds to the lender...same day!

If you want to email me I can give you a referral to someone and you can call them. My email is Schuppe@SkydanGroup.com

For sellers it's important you find out whether your lender is willing to accept a short sale if when you receive an offer. You can't have $100k in a 401k and expect the bank to take it on the chin for example. They will want to see all your assets as part of their review of the overall short sale package. Best to be honest with yourself & fair to the prospective purchaser from the beginning.

People seeking extreme solutions ususal go through a process of acceptance for catostrophic news as described by Elizabeth Kubler-Roth. 1. Denial 2. Anger 3. Bargaining 4. Depression 5. Acceptance. Step 3# often starts with requesting a loan modification from your current lender. If you have been rejected for that due to insufficient income that's usually 1/2 the battle. Now take an hones look at your assets and ask yourself if you have enough to make up the shortfall with them. Good luck to you in this most difficult siuation.

Looking to sell. A multi-unit building in the south shore area of Chicago

Are you looking for someone to help with a purchase, or to sell?