Dedicated Lawyer Handling Short Sales in Chicago
Short Sale Attorney • Real Estate Lawyer
(312) 957-4658
Issues involving your home mortgage or the sale of your home are often difficult to handle on your own. When dealing with these matters, having an experienced, knowledgeable attorney at your side is important. This is why I founded The Law Offices of James H. Miller, Jr. At my firm, I can explain what a short sale is and how it can benefit my clients.
I am Illinois attorney James H. Miller, Jr. and I have been handling short sales and real estate matters for over 16 years. I work to help my clients understand their options so they can make an informed decision with my assistance and guidance. My practice is focused on my clients. I pride myself on providing high quality client service tailored to each client's individual needs and situation.
Contact my Chicago office today to further discuss your real estate, short sale and foreclosure matters personally with me.
What is a Short Sale?
When a home or other real estate is sold for less than the outstanding amount of the existing mortgage, it is know as a "short sale." In essence, the profits from the sale are "short," therefore giving rise to the name "short sale."
In the course of a short sale, the bank or lender agrees to accept an amount smaller than the balance of a mortgage. The proceeds from the sale are then turned over to the lender for satisfaction of the loan balance.
Why a Short Sale?
A short sale is use to avoid foreclosure. Many banks and other lending institutions find themselves benefitting from a short sale, as it may be the quickest and most cost-effective way for them to free themselves of property that is no longer worth the value of their secured interests. A short sale is typically less expensive for the bank and allows them to control some of the costs involved with distressed properties. This is why banks and lenders are sometimes willing to negotiate a short sale with a homeowner.
For more information about short sales, real estate, buying a home or to discuss your specific situation, contact me to schedule an appointment. Your initial consultation is free.
The Law Offices of James H. Miller, Jr.
Clearly responsive to your needs
641 West Lake Street
Suite 400
Chicago, IL 60661
Toll Free: (888) 351-8127
Phone: (312) 957-4658
Fax: (312) 258-1804
The Law Offices of James H. Miller, Jr., represents clients living in Cook County and DuPage County, Illinois, including communities such as Chicago, Downers Grove, Northbrook, Skokie, Westchester, Arlington Heights, Des Plaines, Deerfield, Palos Heights, Mount Prospect, Bartlett, Elmhurst, Addison, Aurora, Bellwood, Bloomingdale, Carol Stream, Darien, Glendale Heights, Glen Ellyn, Hoffman Estates, Lombard, Maywood, Naperville, Northlake, Oak Park, Palatine, Schaumburg, Streamwood, West Chicago, Wheaton, and Villa Park, Illinois.
