Is A Short Sale Right For You?
If recent circumstances have affected your ability to keep up with your mortgage payments, or if you have been notified by your lender that they are beginning foreclosure proceedings, a short sale of your property can get you out from under your mortgage obligation to help you avoid foreclosure.
At The Payne Law Office, Chartered, our attorneys will walk you through the process to help you understand all of your rights, as well as the different options available to you. We will also keep you informed of any consequences a short sale can have.
At The Payne Law Office, Chartered, we bring years of Illinois real estate experience to individuals throughout the city of Schaumburg, as well as Cook, Lake, DuPage, Will and Kane counties. We have a thorough understanding of the advantages and consequences of short sales. To schedule a consultation, contact us online or call us at 773-897-5803.
Avoid Foreclosure Through The Short Sale Of Your Home
A short sale involves the homeowner selling the property for less than they owe on the home while being released from the obligation to pay the mortgage as if you had paid the loan in full. If it is not possible for you to sell your home and make enough to pay off what you owe on your mortgage, our mortgage short sale negotiator will work toward the best possible result under the circumstances, such as helping you to avoid responsibility for any deficiency (the shortfall to your mortgage lender)
The Payne Law Office, Chartered, we will work closely with you to help get you out of a bad mortgage or financial situation. We know how to work with lenders. We understand that banks and mortgage companies do not want to be in the business of foreclosing on homes; they are in the business of lending money. A short sale can help satisfy both parties.