A short sale is a sale of real estate whereby a homeowner sells his or her home for less than the balance of the homeowner’s loan. Homeowners in default use short sales as a means to avoid foreclosure and repossession of their homes by the lenders. Also, many homeowners who are considering the purchase of a new home in the near future find the short sale option to be beneficial when applying for financing in the future.
Our short sale service comes at no out of pocket charge to our clients! Many clients also utilize this service in conjunction with our foreclosure defense service. Do not be fooled by “short sale processing companies” or “short sale specialists” as an experienced attorney is recommended to best advise a consumer on the risks and benefits involved in the short sale process.
The federal government’s Home Affordable Foreclosure Alternatives Program (HAFA) may also assist homeowners in qualifying for a short sale or deed-in-lieu of foreclosure with their lender without being liable for the balance of their loan! For more information, please visit hmpadmin.com or contact a Premiere Chicago Law Firm Today!.