Stop FORECLOSURE WORKSHOP

Of all 50 states, California had the most foreclosure filings (3,975), and Vermont had the least (11). As for the states with the highest foreclosure rates, Illinois, Connecticut, and New Jersey took the top three spots, respectively.

Depending on situation, you could avoid a foreclosure and eliminate your mortgage debt with what’s called a short sale.

By missing payments, the bank will begin the process to recover their losses by seeking to claim your home. In the state of Illinois, the bank needs to go through the court system to claim your home through a judicial process. 

 Fortunately, for you, in the state of Illinois, you have the short sale process to possibly eliminate your mortgage debt. A short sale is where the bank lets you sell your home for less than the amount you owe on the mortgage. A short sale is long administrative process. This means that a short sale requires many conversations and negotiations with the bank including submitting many documents.  

If your short sale is completed successfully, you will have sold your home and your lender could eliminate the debt generated by the difference of what you owed and what you sold it for. Usually, the difference is significant. If you were foreclosed upon, you would owe that difference. 

 The easiest, least stressful way to complete a short sale is to get help. Vanessa Bradley is a RE/MAX agent with nearly 20 years of experience and is trained in executing residential short sales for clients just like you. 

You have two options, your most immediate option is to call Vanessa right now (at 708-557-3793) and begin the discussion to determine if a short sale can help you. 

Or, you can wait for her next webinar where she talks about “How a short sale can eliminate your mortgage debt?”.