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Learn What Your Options Are - Illinois Short Sale Expert - Stop Foreclosure Before It's Too Late!

07-26-09
Raymond Kennedy

Illinois Short Sale Specialist, Illinois Short Sales Foreclosure Help, Illinois Home Retention, Stop Foreclosure, Stay In Your Home, Avoid Foreclosure

List Your Home For FREE!

If you qualify for a Short Sale I will list your home for free. You won't have to pay the Realtor commission, attorney fees, inspections or any closing costs. Whether your home closes or not, you will not pay penny. You will walk away FREE and clear.


Do You Qualify For A Short Sale?

You will qualify for a Short Sale if you have suffered a financial or personal hardship. Some of the most common hardships would be a divorce, loss of a job or pay cut, illness or loss of a loved one, adjustable rate resetting, victim of the subprime market, unable to maintain your home financially or physically or any hardship that may have put you in a position where you can't continue to afford the current mortgage on your home. Every situation is different so feel free to contact me for a FREE phone consultation to see if you would qualify. Call Ray at (815) 301-7007 to discuss this further.

Raymond Kennedy

Short Sale Consultant

RE/MAX TEAM 2000

815-301-7007

Illinois Foreclosure, Will County Foreclosure, Cook County Foreclosure, Dupage Foreclosure, Illinois Short Sale, Will County Short Sale, Dupage Short Sale, Save your home, Home Retention, Repayment Plan, Lower Interest Rate, Loan Modification, Illinois Home Retention, Will County Home Retention, Cook County Home Retention, Dupage County Home Retention. Foreclosure Help, Help With Foreclosures. Save your home from foreclsoures, Short Sale You Home, Stop Foreclosure, Avoid Foreclosure, Chicago Short Sales, Certificed Short Sale Specialist, Stay In Your Chicago Home, Stay In Your Illinois Home.

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Chicago Illinois Short Sale Agent - www.YouDoHaveOptions.com - Tinley Park Short Sale Expert

07-26-09
Raymond Kennedy
Tinley Park Short Sale Expert, Tinley Park Home Short Sales
Tinley Park Short Sale Buyer Agent, Chicago Short Sale Expert, 815-301-7007
OUR CURRENT SUCCESS RATE - 100% APPROVALS ON ALL SHORT SALES
Short Sale Buyer Agent, Short Sale Professional, Short Sale Realtor
OUR CURRENT SUCCESS RATE - 100% APPROVALS ON ALL SHORT SALES
Tinley Park Short Sale Expert
As your local and experienced Tinley Park Short Sale Agent I can help you learn what all your options are. If you fall into one of the categories listed below you might be a candidate for a Short Sale. There are multiple options which could include foreclosure, deed-in-lieu of foreclosure, loan modification, repayment plans, forbearance, bankruptcy as well as other available options.

Are you having a hard time making your mortgage payments? Are you late on our mortgage payments? Has your financial situation changed for the worse? Have you lost your job or has your income been reduced? Did your adjustable rate increase causing financial stress? Are you currently or have you recently been through a divorce or separation? Has there been an event in your life causing you financial hardship? Are you being forced to move or relocate? Are you in the military going on active duty? Is your home worth less than what you owe?

If you answered yes to any of these questions than you maybe qualified for a Short Sale. There are a number of other factors before you should consider this as an option. A Short Sale is not for everyone. Click here to learn all your options.

My Qualifications
Certified Distressed Property Expert (CDPE) Experienced Mitigation Negotiator Currently I have a 100% Approval Rating (National average is less than 30%) Advanced knowledge with Distressed Properties Experience with some of the largest corporations such as Bank of America (Formerly Countrywide), Citi Mortgage, Inc., JP Morgan Chase, GMAC Mortgage as well as some of the smaller and local banks/lenders.

Most agents claiming they understand Short Sales only know the basics. They never really learned how to negotiate with the lenders, how to price the property appropriately or how important the original information that is submitted can make or break a deal. There are only a handful of professionals out there that have the knowledge it takes to successfully close a Short Sale. The rest of them just hand the file off to an attorney.

Before hiring a Short Sale agent, find out if they are negotiating with the lender themselves. If they aren’t, they may not understand the process and may not know what is involved in getting an approval. An attorney has no knowledge of the market value, nor do they understand BPO’s (Broker Price Opinions), nor do they know how to convey value to a lender who is 100’s of miles away. Any attorney, agent or mitigation company can get a Short Sale approved and closed if they give the bank / lender exactly what they want. It takes a true Short Sale expert to get the hard files approved. This is why less than 30% of all Short Sales are successful.

To learn more and know what all your options are before moving forward, visit www.YouDoHaveOptions.com

Other Help:


What is a Short Sale?

Who Qualifies For A Short Sale?

What is a hardship?

Raymond Kennedy
RE/MAX TEAM 2000
Cell (815) 301-7007
Fax (708) 645-8357
info@SayRay.net


RECENT REAL LIFE
CASE STUDIES
Each of the recent case studies below are recent successful Short Sales that closed. The homeowners walked away without paying a single penny towards the sales of their home and the debt was forgiven by the bank. You too can experience this and as it currently stands I have a 100% approval rating on all my Short Sale negoations. This means that every Short Sale that I have negotiated with the sellers bank has been met with an approval.
SHORT SALE
CASE STUDY #1
chicago short sale case study
List Price: $219,729
Sold Price: $194,000
Approval 1st Mortgage: 23 Days
Approval 2nd Mortgage 38 Days
Closed In June 2009
SHORT SALE
CASE STUDY #2
plainfield short sale case study
List Price: $324,900
Sold Price: $232,000
Approval 1st Mortgage: 43 Days
Closed In July 2009
SHORT SALE
CASE STUDY #3
chicago short sale case study
List Price: $139,729
Sold Price: $120,000
Buyer Closing Credits 3%
Approval 1st Mortgage: 35 Days
Approval 2nd Mortgage: 15 Days
Closed In June 2009



Tinley Park Subdivisions
Brementowne Estates Short Sales, Brookside Glen Short Sales, Brookside Place Short Sales, Cambridge Place Short Sales, Cedar Cove Short Sales, Chantilly Short Sales, Cherry Creek Short Sales, Cherry Hill Farms Short Sales, Edgewater Walk Lakebluff Short Sales, Fairfield Glen Short Sales, Fairmont Village Short Sales, Hamilton Hills Short Sales, Kirby Short Sales, Mansfield Court Short Sales, Meadows Park Estates Short Sales, Millennium Lakes Short Sales, Odyssey Club Short Sales, Park Venture Short Sales, Pine Tree Lane Short Sales, Radcliffe Place Short Sales, Sandalwood Short Sales, Steeple Run Short Sales, Tiffany Park Short Sales, Tinley Pointe Short Sales, Townpointe Short Sales, West Point Meadows Short Sales, Westberry Village
 
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Distressed Sellers Facing Foreclosure Don't Know Where To Turn

03-31-09
Raymond Kennedy

Learn Your Options, Don't Wait Until It's Too Late

Today I recieved a phone call that was upsetting to me. A homeowner recieved an eviction notice form their home of 15 plus years. The reason this was upsetting besides the obvious reasons is that this person made attempts to recieve help but apparently they were either mislead or not fully informed on all their options. They inquired if there was anything that I could do for them and unfortunately at that point I was helpless.

So what happened is they hooked up with some national Loan Modification company. Never heard from them and all of sudden one day they recieved their money back in the mail and now they are being evicted. My question is did this company give these homeowners all their options such as a Short Sale, the various restructuring methods of their loan, deed-in-lieu, bankruptcy options and the ever famous practice of "Produce The Note" just too name a few? Was this companies interest solely concentrated on the fact that they just want to do a loan modification so they can collect a paycheck? Did this company inform their client that there maybe other options? Or did they ge these homeowners hopes up and provide false promises? I don't know, I wasn't there for the initial interview and there are always two sides of a story. This doen't change the fact that what was probably a very responsible and hardworking consumer is now being evicted from his home.

The point of my post here is to let the public know you do have options. It is also important to work with a company or professional that can help you determine what options are best for you. If you choose a loan modification company, chances are, they only want to successfully do a loan mod and have no additional interest in your other options. Many loan modification companies or individuales do not have nor need a license to help you. I would tell you to proceed with caution. Rule #1, don't pay up front fees. If you are working with a mitigation company on a Short Sale, thier only interest is likely the Short Sale transaction because it is the only way they make money. Again, proceed with caution, i seen instances where they have clouded the transaction causing parties to walk away and the deal fell apart again putting the homeowner in risk of foreclosure. There are legitimate companies but you need to reallly analyze what is at risk.

The first step in working with homeowners in these situations is determining what is their best option. Once they understand their options they choose to pursue one or more if it is feasible. Attempting to do a Short Sale isn't a final choice. In fact, it makes sense in some situations to list your home as a Short Sale while attempting a loan modification. I would not advise listing it if your not serious about the Short Sale but it is important that you understand, you can still excericise other opitons. The ultimate goal is to stop the foreclosure first and foremost but in many cases you need to delay it to buy you more time. Part of my team includes a Real Estate attorney who does not charge for the transaction on Short Sales. You will not only learn what your options are, you will have an attorney watching out for your best interest legally throughout the transaction. This is important because there will be non-traditional terms in a Short Sale contract that not only the public is not aware of but many professionals in the business may not be famaliar with either. Beleive it or not, there are many Realtors that have not performed a Short Sale and many that steer clear o them because they fear what they do not know.

If your intersted in what your options are, please feel free to call or visit my website. Don't wait until you get an eviction notice, there is nothing we can do for you at that point.

http://www.YouDoHaveOptions.com
http://www.IllinoisShortSaleGeni.us

You can also reach me directly at... (708) 364-5523

Raymond Kennedy
Certified Short Sale Specialist
Home Retention Consultant
RE/MAX TEAM 2000
(708) 364-5523
info@SayRay.net

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Stopping Foreclosure & Learning About Short Sales & Loan Modifications In Illinois

02-19-09
Raymond Kennedy

Learn Everything You Will Ever Need To Know About Illinois Short Sales & Illinois Loan Modifications & Save Your Home From Foreclosure.


For more details visit... www.YouDoHaveOptions.com


Illinois Short Sales, What Is A Short Sale? How Do I Qaulify For A Short Sale? Illinois Short Sale Expert, Specializing In Short Sales, Chicago Short Sales, Stop Foreclosure, Save Your Home, Illinois Loan Modifications, Specializing In Short Sales In Illinois, Illinois Pre-Foreclosure.

Even with the continuing efforts our government is making we still have quite a ways to go before we will see the end to the foreclosure crisis so it's important for you to prepare.

What Is A Short Sale? A successful short sale in Illinois is when the lender agrees to take less money than what is owed on the current mortgage. This includes various costs involved in a sale such as real estate commission, legal fees, title costs and many other typical seller fees in a real estate transaction.


Example Of A Short Sale? Lets say you owe your bank or lender $250,000 on your property. You go out and find a buyer that is only willing to pay $230,000 on the property due to recent depreciation of values in your market. Because of financial hardhip you don’t have $20,000 plus costs to pay at closing. If the lender agrees to take the $230,000 plus costs than that would essentially be a Short Sale transaction.

How To Qualify For A Short Sale? There are certain qualifications that must be met. I want to make this easy on you and give you the basics right now. If you are suffering from some type financial hardship, you do qualify for this. I have listed below some common hardships that will qualify you.

Most of these are based off the fact that the homes are worth less than what is currently owed on it so selling it outright plus costs isn’t an option anymore.

  1. Loss of a job

  2. Loss of a loved one

  3. ARM resetting

  4. Increase in household payments

  5. Injuries

  6. Unexpected Expenses (ie: medical)

  7. Divorce

  8. Lawsuit

  9. Active military duty

  10. Have to move

  11. Financial distress

  12. Excessive damage to property

These are just a few of the common hardships that may constitute a hardship in a bank or lenders eyes but are not limited to just these. If you would like advice on whether you would qualify, please give me a call at, (815)-301-7007 and ask for Ray.The purpose of this message is not to dispel myths, I will be doing this in another blog but, I did want to correct one very common misconception.

Stop The Deficiency Judgment? So here is the scary part of Short Sale & Foreclosures. It is possible for the bank to come after you for the difference of what is owed on the property in both a Short Sale & a Foreclosure. This is called a deficiency judgement. So if you owe $250,000 on your mortgage and the bank nets after costs $150,000, that is a $100,000 loss. It is possible if the bank believes they can get this money from you they can pursue you legally for the loss through various methods such as wage garnishment for example. In a Foreclosure you really have no control over if they decided to pursue this, that is pretty much at the banks discretion and they may go after it if they feel they have a short of getting it from. With a Short Sale, you have the opportunity to have this completely removed. Be sure you have someone that is qualified in Short Sales that know how to handle this issue. Call me for more details as I am well versed in this area of Short Sales.

What To Expect. The selling of the property will be very similar to a typical retail or conventional sale with the exception of some different pricing strategies and marketing strategies. The main difference is not in the marketing and advertising of the Short Sale but more in the negotiation and mitigation with the bank. Even the negotiation with the buyer is slightly different because your not as concerned with getting top dollar as you are with getting a value that will be an acceptable loss to the bank. Having a professional that understands the numbers and

What Will A Short Sale Cost Me? Would you believe nothing? Well it is true. You will walk away Free & Clear and never pay any service fee. All of our fees including commission and your legal fees will be negotiated in the sale and your lender will pay these as part of the Short Sale. There are companies out there that may attempt to charge you up front fees. I would be skeptical of these companies because there is less interest in completeing the transaction if they have already been paid. My team will only get paid by the lender if we are successful at closing the transaction.

Your Exit Strategy? If the Short Sale is an option for you than you need to start looking at your options for exiting the property. The good news is that you don't have to vacate the property until the property is sold and transfered to the new homeowners. I can assist you in moving wich may include buying, renting or in some cases rent to own. Either way I can help you position yourself into a new location.

Why Do You Need A Professional? For starters you need to market the property very aggresively. For Sale By Owners are not a realistic approach in this market regardless of how nice your home is. It is also important to have a professional that understands the math behind a Foreclosure and Short Sale. If you price the home to high, the property won't get offers. If you price the home to low without the proper research the bank may find out it is more profitable for them to foreclose. The numbers need to work in way that your Realtor can convey to the bank that the Short Sale is a better option than the Foreclosure. Negotiating and mitigating the file is especially important. These banks are very good and proficient at doing one thing and that is squeezing as much montey out of you as possible. If you



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