Short Sales

Short Sale is the term applied when a residential or commercial property is sold for less than what is owed to the lender. Short Sales can take place before or after a property is subject to a foreclosure action. Short sales can benefit the owner of the property by avoiding a foreclosure judgment, eliminate or minimize the debt and reduce the impact on the credit rating of the borrower.

The attorneys at AHR have extensive experience handling short sales.  AHR attorneys work with many of the largest institutional lenders in the industry to negotiate short sales.  AHR Real Estate attorneys work with a team of realtors to obtain the highest price possible for properties and then negotiate favorable short sale terms with lenders.  The attorneys at AHR are often able to negotiate short sales with no cash contribution by owners and a forgiveness of debt.  AHR Attorneys are familiar with the Making Home Affordable Act and HAFA short sales.  The Real Estate Attorneys are Equator agents and can effectively manage the entire short sale process through a closing on the sale.

Contact a Chicago area short sale real estate attorney at AHR to discuss your real estate issues.