Posts tagged as:

deficiency judgement

Case Study #1 – A Successful Short Sale Story

February 23, 2010

Peter & Mary, Chicago, IL
Peter & Mary purchased a beautiful newly constructed one bedroom condominium in the River North neighborhood of Chicago in 2006.  The bought directly from the developer, and paid a total of $290,000 for the unit including one deeded garage parking space and some upgrades.  When they purchased the home, they put 5% [...]

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Your Short Sale Agent MUST Know His Business!

February 18, 2010

I read an article just yesteraday that stated the average short sale success rate for most agents across the country is 23%.  Stated another way, real estate agents fail to execute the short sale transaction 77% of the time!  What’s the typical outcome of a failed short sale?  A FORECLOSURE!  Yes that’s correct – a foreclosure.   That [...]

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