Illinois Short Sales Attorney
Serving Naperville, Oak Brook, Plainfield, Hinsdale, and Surrounding Areas
Distressed properties are very common in today’s real estate market. Many people find themselves dealing with difficult financial circumstances as well as declining real estate values. If you are unable to continue making your mortgage payment and unable to sell your home for the balance owed on the mortgage, a short sale may be a good option. At Lindell & Tessitore P.C., we are experienced in assisting homeowners with short sale negotiations. With over 10 years of experience working on real estate law matters, Attorney Dennis P. Lindell has the skill and knowledge to effectively advocate for his clients with their lenders and guide them through the short sale process.
Effective Legal Counsel in Real Estate Short Sales
A short sale is when a property is sold for less than the balance owed on the loan. Properly executed short sales are mutually beneficial for the homeowner and the lender because they prevent foreclosure. A short sale may be preferable for a homeowner because the lender may be more willing to forgive a deficiency balance than without it. Likewise, lenders often prefer a short sale to a foreclosure because it is a less expensive way to deal with a distressed property. Even so, it can be challenging to convince a lender that a short sale is in the lender’s financial interest. At Lindell & Tessitore P.C., we are skilled in helping clients negotiate with banks and lenders.
Short sales are not always the best option for every distressed property or homeowner. In some cases the numbers may not add up. Our firm works closely with clients to determine the best solution for their specific financial and personal circumstances. We help people with a variety of foreclosure defense options including loan workouts, deed-in-lieu transactions, consent foreclosures, loan modifications and bankruptcy.
If you are considering a short sale or are having trouble making your mortgage payments, contact us to schedule a consultation to discuss your situation. We serve Naperville, Plainfield, Oswego, Aurora, Lisle, Winfield, Wheaton, St. Charles, Geneva, Batavia, Yorkville, Downer’s Grove, Warrenville, Romeoville, Joliet, Bolingbrook and the greater Chicagoland area.