Short Sale Negotiation

For many people facing home foreclosure, a short sale is an attractive option to eliminate debt while avoiding home foreclosure and bankruptcy. In a short sale, the homeowner sells the property to a third party for less than the amount of the outstanding loan. Mortgage lenders must be convinced to accept the lower amount and not pursue the homeowner for the balance, which is why having an experienced short sale team on your side is vital.

At Ledford, Wu & Borges, LLC, we help people throughout Chicago and the surrounding suburbs with short sale negotiations and other foreclosure avoidance options. While a short sale cannot help you keep your property, it can relieve you of a lot of debt and avoid the consequences of home foreclosure.

Are you struggling to keep your home? Contact a mortgage assistance lawyer by e-mail or call 312-574-3327 for a free consultation at any of our seven office locations. Our Chicago short sale negotiation attorneys are here to protect your rights.

Cook County Mortgage Loan Adjustment Attorneys

We offer our clients a number of debt relief options in addition to short sale negotiation, including Chapter 13 bankruptcy.

If you choose to negotiate a short sale, you must convince your mortgage lender that accepting less than the value of the home is in their best interests. The property must be marketed, a buyer must be found and a closing must be executed. You need an experienced team to handle these things properly.

There are important things to consider before entering into a short sale agreement. For instance, the IRS may consider the difference between the amount you sell your home for and its actual value as income, making you responsible for the taxes. An experienced foreclosure defense attorney can help you explore all of the possible risks and liabilities involved in a short sale.

Contact Us Today

Contact our law offices online or call 312-574-3327 to speak with an experienced Illinois mortgage defense lawyer. We are ready to help.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.