Mundelein Single Family Home
Owner Owed: $ 197,203 + $25,550 (2 loans) Sale Price: $ 135,000
The Owner: Outgrew this home with 2 children and need a way out. The seller completed a short sale and paid $0 to both banks. He was FULLY RELEASED of all deficiencies totaling over $100,000 in debt. The owner was able to get out for FREE and not have a huge pile of debt following them.
Here it is in their own words, “i think you deserve more thanks than me. this is a huge weight off my back. as frustrating as a few things were (the bank winterizing the house for example) this went a lot smoother than i thought it would. and the attorney showed me where there was an additional $500 that had to be made up and you took it off the broker’s commission and i really appreciated that too. I’m really not planning to have to do this again but should i have to i know where to go. thanks again for everything.”
Darien Single Family Home
Owner Owed: $ 260,000 Sale Price: $ 158,000
The Owner: Wanted to move to California but was way underwater We helped the seller complete a short sale. He paid $0 and was FULLY RELEASED of all deficiencies totaling over $125,000 in debt. The owner has moved OUT and more importantly moved ON.
Here it is in their own words, “Thank you for getting this all worked through to its conclusion. I will definitely recommend you to any of my friends in Chicago who might need to utilize your expertise. Have a great Thanksgiving!”
Sugar Grove TownHome
Owner Owed: $ 103,956 + $24,631 (two loans) Sale Price: $ 85,000
The Owner: Moved to Florida. Tried to do the right thing but the renters moved out. Seller completed a short sale and paid $0 to both lienholders and was FULLY RELEASED of all deficiencies totaling over $50,000 in debt. The owner never has to think about this property again !
Here it is in their own words, “Thank you so much for everything.I can’t believe it was so easy. I have already recommended you to my parents and if I hear of anyone else I will let you know. Thanks again !”
Owner Owed: $ 215,745 Sale Price: $ 135,000
The Owner: Was moving across country and needed a way out of their underwater townhome. They completed a short sale and paid just $750 for a FULL REALEASE of over $80,000 in debt. This home is off of their hands forever and they moved without worrying about debt or renters in this property ever.
Here it is in their own words, “Thank you! We are pleased & you made it easier than we thought possible.”
Round Lake TownHome
Owner Owed: $ 193,105 Sale Price: $ 92,000
The Owner: The sellers needed a bigger home with their two young children and they short sold this town home and paid $0. They were fully released from the deficiency at closing and even received $3,000 at closing in CASH from the bank.
Bolingbrook Single Family Home
Owner Owed: $ 279,000 Sale Price: $ 165,000
The Owner: Was unable to afford the mortgage and upside down in this property. We completed this short sale while the owner lived in the home for 10 months mortgage/tax free. The BANK paid all real estate agency fees, attorney fees and back taxes. Owner walked away and left this pile of debt in their past.
Schaumburg Single Family Home
Owner Owed: $ 278,000 Sale Price: $ 164,000
The Owner: Was totally upside down with no end in sight. We completed this short sale while the owner lived in the home for 6 months mortgage/tax free. The BANK paid all real estate agency fees, attorney fees and back taxes. Seller brought just $500 to closing and was FULLY RELEASED from mortgage loan; over $120,000 of debt. The sellers left the closing table and washed their hands of this bad investment and, most importantly, left the closing table owing ZERO to all parties.
Owner Owed: $ 215,000 Sale Price: $ 99,500
The Owner: Moved out of the home and was renting it for less than the property expenses. The owner was FULLY RELEASED from over $125,000 of debt. We worked closely with sellers bankruptcy attorney to get the property sold during the Bankruptcy process.
Owner Owed: $ 465,000 Sale Price: $ 265,000
The Owner: Had 2 mortgages on this home plus a $21,000 special assessment. Walked away from over $200,000 in debt. The BANK paid all real estate agency fees, back taxes, and back assessments. FULLY RELEASED from over $150,000 of debt
Chicago Single Family Home
Owner Owed: $ 135,000 Sale Price: $ 37,500
The Owner: Returned from serving in Iraq to find home destroyed by renters. The BANK paid 3 years back taxes and ALL fees associated with the sale FULLY RELEASED from over $100,000 of debt. Owner brought ZERO to closing.
Owner Owed: $385,000 Sale Price: $215,000
The Owner: Had THREE mortgages on this home. Walked away from over $150,000 total. The BANK paid all real estate agency fees and back taxes. FULLY RELEASED from 1st and 2nd loans, over $150,000 of debt. All in all the owner was able to sell this condo at market price and walk away.
Des Plaines Single Family Home
short sale real estate, successful short sale transaction
Owner Owed: $310,000 Sale Price: $161,000
The Owner: Lived in their home for 6+ months with NO mortgage or taxes. Walked away bringing $0 to the closing table and left $140,000 of mortgage debt in their past; got FULLY RELEASED from all obligations. The Bank paid back taxes, Bank paid ALL service fees.