Initially I was apprehensive about pursuing a short sale, however Phil's expertise and confidence in the short sale business, put my worries at ease. He is very knowledgeable about the process. I expected the process to be tedious, but Phil and his team were always on top of things and kept me updated. They are very professional and timely. I would highly recommend Phil and his team to others. - Sergio S.

From The Blog

Chicago Short Sale Myth: Anyone Can Negotiate With The Lender

Chicago IL – Yes, many people think they can negotiate with the lender. But, some of them don’t have the skills necessary to be successful. Here are a few of the things someone needs before they can negotiate a short sale. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. They must have...

Who Pays The Costs In A Chicago Short Sale?

Chicago IL – You may wonder why a sales contract says the seller pays for certain costs and yet the bank covers the costs. Here is how it works. The sales contract may have a certain clause say: “Seller to pay title and seller’s documentary stamp taxes.” How does the bank pay that cost if it says the seller...

Chicago Short Sale Myth: There Are No Rules Or Guidelines For Short Sales

Chicago IL – I recently saw an article written by a prominent, so called short sale expert. In the article, this supposed expert says the only rules for short sales are HAFA, but even those rules are subject to interpretation. That is like saying that there are no traffic laws. If that were the case, then everyone could drive...

A Common Chicago Short Sale Myth: The Short Sale File Has To Be Perfect Before You Can Submit It To The Lender

Chicago IL – Many agents think that a short sale lender will not look at a file until the short sale file is perfect. “I need your financial information, last 2 years of tax returns, last 2 pay stubs, last 2 month’s bank statements, and all the other short sale paperwork before I can submit the file”, they tell...

Chicago Short Sales: Will My Lender Set The Price For My Home?

Chicago IL – The Stop foreclosure Institute recently received a question from Steve about short sales. Here was Steve’s Question. “I am interested in a short sale. I just have a few questions about how the process works. Does my lender set the price for the property. And, will that price include the realtor fee? Sincerely, Steve.” Click here...

Questions Buyers Should Ask The Agent Listing A Chicago Short Sale

Chicago IL – Are you looking to buy a short sale? Before you make an offer, you need to check and see how competent the listing agent is at short sales. The listing agent is the agent with the property for sale. They will usually be in charge of processing the short sale with the lender. Click here to...

Chicago Short Sales: Renters trashed my house. What should I do?

Chicago IL – The Stop Foreclosure Institute recently received a question from Richard. “I accepted a job transfer and had to move. Unfortunately we were upside down on the house. I decided to rent it out rather than short sale it. The renters just moved out. I just checked the house. They trashed it! I could rent the house...

Chicago Short Sales: Can I buy again right after a Short Sale?

Chicago IL – We get this question a lot from people. “I am upside down and need to move. I would like to buy another home. Can I do that?” they ask us. Today they can. FHA (the Federal Housing Administration) has a new program that enables you to short sale your existing home and buy a new home...

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