Looking to Short Sell? Click Here
MICHAEL SORENSEN - RE/MAX CITY
#1 AGENT FOR THE #1 RE/MAX IN CHICAGO (2010/2009)
CHICAGO SHORT SALE REAL ESTATE AGENT/BROKER, ABR, SFR, CDPE
CDPE - Certified Distressed Property Expert
SFR - Short Sale and Foreclosure Resource
Click Here - See My SOLD Short Sale Listings
I SOLD Over 100 Homes Since 2007
Totaling $25 Million in Sales Volume!
Frequently asked short sale questions/answers
My Short Sale and Foreclosure Certifications:
My Recent Sales Awards and Recognitions:
Before you hire a short sale agent, ask to see their sales record: Here is mine
What is a Short Sale? How To Do a Short Sale? Click Here
Click Here: Free CMA - Get My Short Sale Listing Packet
FREE Short Sale Listing Service - Call me now:
Tel 773-987-8224 - Tel 847-696-1664
Click Here To View My SOLD Listings
Click Here To View My Active Listings
Click Here For Free Market Evaluation
Free Short Sale MLS Listing including Virtual Home Tour + Free Short Sale Negotiation Service + Free Short Sale Attorney! No Closing Costs To Seller (Bank pays us)! 9 out of 10 approved!
What is a Short Sale? A Short Sale is a Pre Foreclosure Workout Solution. Its a Real Estate Sales Transaction contingent upon the successful negotiations with Sellers lender(s), lienholders and/or other third parties to accept a payoff of less than the total amount owed.
CLICK HERE to see a commonly used Short Sale Addendum To Real Estate Contract
Why Banks Do Short Sales? Banks agree to do short sales when a short sale makes more financial sense to bank than foreclosure.
FORECLOSURE: The average loss per Foreclosure (REO) is 65%. That means the investor (note holder) nets only $35,000 on a $100,000 note.
SHORT SALE: The average loss on a Short Sale is 40%. Using the same $100,000 original note example, the investor ends up with $60,000, that is a savings of a 25% of Short Sale versus Foreclosure.
How long does it take to do a Short Sale?
There is no specific answer to this question. Short Sale process can take as little as 2 months or could go for over a year. 5-6 months is the average to complete a real estate short sale transaction: 4-8 weeks marketing time (finding a buyer), 2-3 months for bank approvals, 4-6 weeks to close the deal.
Do you owe more than the house is worth?
Short Sell with me for free:
- In a Short Sale transaction, the sellers lender pays the sellers typical closing costs:
- Get a Free MLS Listing with a Virtual Home Tour
- REALTORS Commissions are paid by the bank
- Title Company Fees are paid by the bank
- Seller Attorney Legal Fees are paid by the bank
- Unpaid property taxes are paid by the bank
- Do a Short Sale! Avoid Foreclosure!
Facing Foreclosure? Short Sell your property with The Illinois Top Ranked Best Selling Short Sale REALTOR specializing in executing Real Estate Short Sales in Chicago & Illinois , Chicago Short Sale Homes For Sale, Chicago Pre Foreclosure Help, Chicagoland Best Short Sale RE/MAX Realty office Short Selling Properties in Chicago and Cook, DuPage, Kane, Kendall, Lake, McHenry, Will, Boone, Rockford counties.
We are Chicago & Illinois Leading Short Sale Specialists
Serving Chicago & ALL Suburban Chicago, Illinois.
No Other Chicago RE/MAX office sells more Real Estate than RE/MAX CITY. We are The #1 RE/MAX Office in the whole Chicagoland area in closed Short Sale transactions including Chicago and all 7 counties: Cook, DuPage, Kane, Kendall, Lake, McHenry and Will.
I Short Sell Homes worth $100,000 or more
with extremely High Short Sale Approval Rate
Serving Chicago & ALL Suburbs
www.msorensen.illinoisproperty.com
www.chicagoshortsalepro.com
www.chicagoshortsalecasas.com
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