We serve the entire Chicago Metro Area

Serving: Cook, DuPage, Lake, DeKalb, Kane,
Kankakee, Kendall & Wll  Counties

Shudnow Short Sale Group - (866) 402-0659

Frequently Asked Questions

What is a short sale?
A short sale in real estate occurs when the outstanding loans against a property are greater than what the property can be sold for.

What if my home is worth more than my loans, but I could not pay the closing costs?
That can still be a short sale.

Who will pay your commission?
The bank will. You will pay us $0.

Who will pay the attorney / Title Company?
The bank will.  The attorneys and Title Companies we work with will NEVER send you a bill.  Even if the property does not sell.

How much work will this take?
Not much for you. We will ask you to gather certain financial information and forms for us. We will handle the negotiations with your banks.

Will my neighbors, friends or family know?
NO. Unlike a foreclosure, (which is public knowledge) the short sale private.  We will NOT tag your home as a short sale on the MLS either.  This is done to pad some Realtors stats, but could be directly tagged back to you.

If I am going through foreclosure, can I do a short sale?
YES. In fact, the bank will be more than happy to work with you on a short sale. It is to the banks and your advantage to work out a short sale.

Why is it to my advantage to do a short sale?
A foreclosure will hurt your credit far far more.  Credit Repair will be much easier after a Short Sale than after a Foreclosure. 

Can I stay in my house until the short sale is completed?
YES. You will not have to move out until the closing.