Real Estate Services

Your Solution For All Your Short Sale Needs

What Is A Short Sale?

Short sales in real estate allow property owners to sell their home in times of financial, Physical or emotional hardships. A house that goes into a short sale is when a homeowner realizes that they can no longer afford to keep up with their mortgage payments. Instead of waiting for the bank to foreclose on the home, the homeowner can initiate the short sale process by applying to the lender. 

During this time, our team understands it can be a confusing and frustrating time. This is why our team will help guide you through the process. To speak with our team or to schedule your free consultation, call us today at 630-746-6818.


Short Sales Are A Loss Mitigation Option. Call & Talk With An Agent Today If You're In One Of the Following Scenarios:

  • Financial hardship due to loss of job, medical bills, or taking care of loved ones.
  • Behind on your mortgage payments.
  • Denied a loan modification.
  • Wanting to avoid mortgage forbearance, filing for bankruptcy, or foreclosing on your home.
Purchase Agreement for New House — Naperville, IL — The Short Sale Guy

Reasons Why You Would Want To Short Sell Your Home

Avoid Foreclosure

Move Out On Their Time Vs. The Lender's Time

Eliminate Remaining Mortgage Debt

Receive Relocation Assistance

Start Repairing Your Credit Sooner Than If You Went Through a Foreclosure

Short Sale Vs. Foreclosure

Short sales and foreclosures are both processes that help homeowners who are struggling to keep up on their mortgage payments. In both situations, the homeowner loses possession of their property.  A short sale is when your home's mortgage is greater than you property value. The homeowner is allowed to move out on their time instead of the bank's time.


Foreclosure is a legal action taken, and the bank will seize the property after the homeowner has fallen too far behind on monthly payments. The homeowner may live in the home during the foreclosure process, but they will be evicted eventually. The bank will assume responsibility for selling the house through an auction instead of the market to make up for the homeowner's debt. Foreclosure is time consuming, stressful, and can negatively impact the homeowner's credit. In some cases, the foreclosure process can be expensive for both parties and can force individuals to file for bankruptcy.

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Foreclosure — Naperville, IL — The Short Sale Guy

Bankruptcy

Debt can be a terrifying and stressful topic, but that doesn't mean you have to tackle it alone. Bankruptcy will help stop the harassing phone calls from creditors and can provide you peace of mind. An individual or family behind on payments on their secured debts, like a mortgage that is in danger of being repossessed or foreclosed, can file a Chapter 13 bankruptcy and stop the repossession or Foreclosure. This holds for garnishments, repossessions, foreclosures, and harassing phone calls. Immediately upon filing your Chapter 13 bankruptcy case, you are protected from all of these collections. A Chapter 13 bankruptcy case's primary goal is to allow an individual or family to reorganize their debts. To speak with our team or to schedule your free consultation, call us today at 630-746-6818.

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Bankruptcy — Naperville, IL — The Short Sale Guy
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