Short Sales As A Debt Relief Tactic
A short sale is defined as a property sold for less than the amount owed by the borrower, and sold with the lender’s approval. This kind of sale usually takes place before a foreclosure if the lender prefers it to the mortgage foreclosure legal process.
Banks are not generally in favor of approving a short sale. After all, it often means they will receive less money in repayment than they loaned to the home buyer. The right attorney fighting for your interests can make a significant difference in whether your short sale will be approved.
Bankruptcy Can Also Help You Avoid Foreclosure
If you are considering a short sale to avoid foreclosure in Illinois, bankruptcy may be a better solution. Start by getting straight answers from an attorney at Linda Bal & Associates. Linda Bal uses her knowledge, more than 25 years of experience, professional skills and human compassion to assist hard-working clients who have run into debt problems, often through no fault of their own.
Linda Bal works hard to take the fear, uncertainty and embarrassment out of a bankruptcy filing, a foreclosure defense strategy or a short sale. She shows you the light at the end of the tunnel — the road that returns you to financial freedom.
Contact Us For A Free Consultation
We offer reasonable flat rate fees with no hidden costs; weekend and evening hours, with appointment flexibility; all work performed personally and directly with you, by an experienced attorney; and prompt, professional service you can count on.
From offices in Algonquin, Itasca, Rosemont and Naperville, the lawyers of Linda Bal & Associates provide legal advice and representation for clients in communities throughout the Greater Chicagoland area.