Chicago Short Sale Expert #1 Best Selling ShortSale Agent For Top Ranked RE/MAX Realty in Chicago IL
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MICHAEL SORENSEN SHORT SALE GROUP @ RE/MAX CITY
#1 AGENT FOR THE #1 RE/MAX AGENCY IN CHICAGO (2010)
100+ Homes SOLD Since 2009
See My SOLD Properties - Click Here
Looking to Short Sell? CLICK HERE
Free Short Sale MLS Listing + Free Short Sale Negotiations + Free Seller's Attorney/Legal Representation! Bank Pays The Seller's Closing Costs! 9 out of 10 approved! Call now..
TEL (773) 987-8224 - Chicago
TEL (847) 696-1664 - Park Ridge
Frequently asked short sale questions/answers
Short Selling Homes in Chicago and ALL 7 Counties:
Cook, DuPage, Kane, Kendall, Lake, McHenry and Will.
Michael Sorensen - Certified Short Sale Specialist, Top Producing, Award Winning RE/MAX Agent
CDPE - Certified Distressed Property Expert Endorsed by RE/MAX
SFR - Short Sale and Foreclosure Resource Certified by The National Assoc. of REALTORS.
Buyers. Search Chicago Short Sales/ Find Illinois Foreclosures:
http://idxpro.cisdata.net/AR179486/Search/foreclosure
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
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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