Short Sale Videos
The Illinois Foreclosure Timeline
From the day you accept a contract to the time that … [Read More...]
Mortgage Forgiveness Act of 2007
What happens to the money never paid back to the bank? … [Read More...]
Short Sale Case Studies
Short Sale Articles
2011 Foreclosure Forecast
2011 Foreclosure Forecast All indicators point to 2011 being a record setting year in foreclosure activity. The economy, unemployment, and a large shadow inventory of foreclosed homes not even on the market yet are all leading factors to 2011’s anticipated record-breaking foreclosure outcome. 2010 within itself was a record-breaking year in foreclosure activity, where 2.9 million U.S. properties … [Read More...]
Yeah! The Bank Just Approved Your Short Sale… Now What?
The Top 3 Things Every Seller Should Do Before Accepting A Bank Approval Letter! The outcome of a short sale for a homeowner is primarily based on the terms and conditions the bank agrees to for the short payoff. The short sale bank approval letter is an extremely important document because it outlines these terms and conditions for the seller. Not all bank approval letters are the same. This … [Read More...]
![rsz_4237381930_dce6614f67_b[1]](http://ChicagoShortSaleGuy.com/wp-content/uploads/2010/07/rsz_4237381930_dce6614f67_b1-150x150.jpg "rsz_4237381930_dce6614f67_b[1]")
FTC Protecting Homeowners From Scammers
What does the new FTC Regulations means for Homeowners and Short Sales. A lot of buzz is going around with regards for the new legislation by the FTC, Federal Trade Commission, protecting the rights of distressed property owners. The new Regulation spells out certain disclosures, which must be made to the homeowner throughout the short sale process. Unfortunately, over the past couple of years … [Read More...]
