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Office Address:
7020 W. Higgins Ave
Chicago, IL 60656
Direct: 773-699-5151
Other: Robert@Rnowak.com Email / Contact Me

**Chicagolands Real Estate Specialist**

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Robert Nowak    773-699-5151 Direct

 

Loan Modification DENIED ?

Your best option may be a Short Sale !

A short sale is a real estate transaction where the homeowner owes their lender(s) more than what their property is worth. In a short sale, the lender must approve and accept less than what they are fully owed.

The main benefit of a short sale is that in many instances you can still stay in your home just as long as if the house were to go to foreclosure and you will still be able to show your mortgages as paid in full vs. having a foreclosure on your credit.

Not all agents can do a short sale and not all people qualify for my help. I am here for you if your situation meets the following criteria:
 
  • You have a valid hardship- job loss, medical condition, divorce, etc.
  • You have little or no equity in your home
  • You are unable (or soon will be unable) to pay your bills on time
  • You want to work with a short sale expert

 

Frequently Asked Questions- Short Sale:

1. My loan modification was denied, do I qualify for a short sale?

The criteria for a loan modification is different from a short sale.  Most banks will recommend a short sale when a homeowner is denied a loan modification or fails to make payments on a modified loan.

2. I just lost my job and don't have any money, how much do you charge?

Typically, all brokerage fees are paid from the closing.

3. How long is the short sale process?

Most short sales take 3-6 months from listing to close, it may be significantly longer with certain banks.  

4. Do I have to move immediately?

Lenders prefer the home to be occupied until they can legally take possession. Your lender may agree to stop a foreclosure sale if a short sale is in progress. 

5. Will the bank be upset that I'm doing a short sale?

If you cannot make the mortgage payment the right thing to do is to be proactive and try to resolve the issue. Your bank is not in the business of property management and does not want to own your home.

6. What's in it for you, the homeowner?

A successful short sale will save your credit from foreclosure. Your credit report may be used to qualify for employment,  auto loans, credit cards, furniture purchases, future mortgages, etc.

Every short sale situation is different, call today for a free confidential evaluation. The absolute worst thing you can do is nothing at all !

 

Robert is a Member of the National Association of Realtors, Illinois Association of Realtors, and Chicago Association of Realtors

CUSTOMER SERVICE
The proof of quality service is in repeat customers and in customers who refer
RE/MAX Associates to their friends.

RE/MAX
Sales Associates average 70 percent of their business from repeats and referrals, while other agents average about 30 percent from those sources.

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City: Chicago-Portage Park Price: $107,000

Serving- Chicago- Albany Park, Avondale, Belmont Cragin, Dunning, Edgewater, Edison Park, Forest Glen, Hermosa, Irving Park, Jefferson Park, Lakeview, Lincoln Park, Lincoln Square, Logan Square, Loop, Montclare, Near North Side, North Center, North Park, Norwood Park, O’Hare, Oriole Park, Portage Park, Rogers Park, Uptown, West Ridge.

 

Suburbs- Alsip, Arlington Heights, Barrington, Bensenville, Berwyn, Des Plaines, Downers Grove, Elk Grove, Elmhurst, Elmwood Park, Franklin Park, Glenview, Harwood Heights, Hinsdale, Hoffman Estates, Lincolnwood, Melrose Park, Morton Grove, Mt. Prospect, Niles, Norridge, Northbrook, Northlake, Oak Brook, Oak Lawn, Oak Park, Palatine, Park Ridge, Prospect Heights, River Forest, River Grove, Rosemont, Schaumburg, Schiller Park, Skokie,  and many more!

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Wood Dale: www.wooddale.com
  
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Winnetka:
www.villageofwinnetka.org

Robert Nowak, RE/MAX City | 7020 W. Higgins Ave, Chicago, IL 60656 | 773-775-0600 | Contact Me by E-mail