Chicago Short Sales & Avoiding Foreclosure

The Kontos Group Short Sale Team at RE/MAX 1st Class|Chicago Short Sales

 
THE KONTOS GROUP
SHORT SALE TEAM AT RE/MAX 1ST CLASS

Jim Kontos
1) President/Broker Of RE/MAX 1st Class
2) Full Time real estate broke with over 8 years experience
3) Residential real estate expert: Single Family Homes, Condos, New Construction, Condo Conversions, Luxury Properties,
4) Certified Distressed Property Expert
5) Commercial real estate expert: Shopping Centers, Stripp Malls, Multi Unit Buildings
6) Annual Multi Million Dollar Producer
7) RESIDENTIAL Short Sale Specialist
8) Work in conjuction with banks selling their REO properties
9) Online Marketing Expert...Our Online Marketing Plan Is Second To None!
10) Marketing Professional
11) Winner of the RE/MAX  "Above the Crowd" Award
12) Youngest owner of a RE/MAX franchise in Illinois at age 26 in 2004
13) Graduate of Loyola University Chicao 2000
14) Specializes in the following areas:

North Shore Suburbs
Skokie, Evanston, Lincolnwod, Park Ridge, Morton Grove, Niles, Winnetka, Wilmette, Gleview,

Western Suburbs
Addison, Elmhurst, Bloomingdale, Lombard, Villa Park, Roselle, Medinah, Itasca, Carol Stream, Oak Brook, Downers Grove, Elgin, Aurora, Naperville

City of Chicago
River North, Gold Coast, Streeterville, West Loop, South Loop, Lincoln Park, Lakeview

North Chicago
Rogers Park, West Ridge, Edison Park, Norwood Park, Sauganash, Forest Glen

Contact Info
Cell  630 327 9136
Office 847 674 9797
Office #2 312 643 2087
jkontos@remax.net

Harris Ali
1) Full time real estate broker with over 8 years experience
2) Former Harris Bank Executive
3) Residential Short Sale Specialist
4) Short Sale Negotiator
5) Experience in selling REO properties
6) Residential Real Estate Expert
7) Recognized by the Chicago Association of Realtors as a Annual Multi Million Dollar Producer
8) Annual Top Producing real estate broker for the North Shore suburbs
9) Services and has knowledge of the following areas:

North Shore Suburban
Skokie, Lincolnwood, Evanston, Park Ridge, Morton Grove, Wilmette, Winnetka, Glenview, Lake Forest,Niles

City of Chicago
River North, Gold Coast, Lincoln Park, West Loop, South Loop, Lakeview

North Chicago
Rogers Park, West Ridge, Sauganash, Edison Park, Norwood Park, Forest Glen

Contact Info
Cell 847 322 6277
Office 847 674 9797

George Kontos
1) Mortgage Solutions Specialist with largest S&L in country
2) Residential and Commercial Investment Real Estate Analyst
3) Commercial Troubled Assest Manager
4) Residential Debt Solution Specialist
5) FAS 114 Loss Mitigations Specialist

Contact Info
Cell 630 936 3322
gpkontos@yahoo.com

Dont lose your home to Foreclosure! If you are someone you know is struggling with their mortgage and could be losing their home to foreclosure, CONTACT US immediately! Let my experienced Chicago Short Sales team help you try and avoid foreclosure.  You have nothing to lose and everything to gain by contacting us for a completely Free and Confidential meeting!

 

  

What We Do For Our Chicago Short Sale Clients!|Chicago Short Sales

  

 
THE KONTOS GROUP SHORT SALE TEAM

Our Goal
Save As Many Of Our Clients From Losing Their Homes To Foreclosure

How We Achieve This Goal

1) We Listen To Our Clients
As simple as this sounds, listening to our clients and their needs is crucial to our success

2) We Tell Our Clients What They Need To Hear..Not What They Want To Hear
We pride ourselves on this trait. We do not sugarcoat items when we speak to our clients. Being anything less than truthfull and straight forward doesn't help anyone

3) We Get You Prepared For What Short Sales Require
To get a short sale listed, under contract, negotiated and sold requires alot of time and work on the part of our Chicago Short Sales Team.. It also requires some work from our clients! We make sure you are aware what we need from you to make this process efficient and efective

4) We Have The Short Sales Experience..
Our Chicago Short Sales Team Has Over 15 years of Combined Real Estate And Banking Experience!!
Our real estate, short sales experience and track record speak for itself..Our team is made up of aggressive and successful real estate and Chicago Short Sales professionals

5) We Consult With Our Own In House Loss Mitigation Specialist
When we negotiate short sales with banks, we are speaking to loss mitigation specialists. Our team has our own in house High Level Executive Loss Mitigation Specialist that consults with us on short sale transactions. Our team member is an executive at one of the largest banks in the country and knows all the in's and out's of how banks really operate and when dealing with short sales and foreclosures.  Having this wealth of knowledge available to us is incredibly advantageous to us and to our clients!!

6) We Aggressively Market Your Home
Our marketing campaign for your home is Internet Marketing based. More importantly our marketing campaign is Second To None and no one will out market us! One example of how we do things differently is once we list your home, we will create your homes own interactve website which will then be posted on hundreds of websites.  The majorty of the short sale listings that our competitors try to sell are just posted on the MLS and thats it. They are waiting for buyers to come to them while we go out and try to find the buyers!

7) We Aggressively Price Your Home
Short Sales are a time sensitive matter and listing your home aggressively for a fast sale and receiving an approval from the bank is a delicate balance. We perform thorough market analysis for your property and formulate a realistic and aggressive listing price for your home

8) We Negotiate With The Banks Directly
Our Chicago Short Sales team has worked with several banks over the years and we have the knowledge of how these banks operate and what they expect..
We do pride ourselves on negotiating short sale transactions ourselves, however there are times when we just cannot negotiate every transaction ourselves.. In ths case we have our in house attorney handle the negotiating ( The attorney will be paid by the bank...Not You! )

9) Make Showings Easy For Realtors
If a realtor has to jump through hoops to show your property, they will most likely put your home at the bottom of their list or not even show it entirely. We suggest to all our clients making showings as easy as possible for agents who want to bring their clients. We provide Lock Boxes to makes showings easy for realtors. Agents can contact us through our office, our cell phones, email, text message etc.. We are always available

10) We Work Hard For You
In an ideal world, we would be able to complete every short sale transaction that we receive. Unfortuately we have not been able to complete every short sale transaction that we have receive.. There is no short sale realtor or non short sale realtor that has a 100% successful close rate, it is impossible.
What we do guarantee is that we will work incredibly hard to get your short sale approved by the bank and to avoid foreclosure

11) Confidentiality
We realize that going through a short sale is a difficult and sensitive time for most. We respect your privacy and all conversations held between us whether you list your property with us will remain confidential

What We Don't Do For Our Short Sale Clients

1) We Do Not Give Out Any Form of Legal Advice or Accounting Advice.. We can recommend attorneys and accountants for you to speak to for Legal and Accounting Matters

2) We Do Not Do Open Houses
With the amount of properties we have, it is impossible for us to do open houses.. So our policy is to not provide open houses or broker tours

3) We Do Not Work With Unethical Clients

4) We Do not Work With Unrealistic Clients

 

 

 

Making Mortgage Payments During A Short Sale?| Chicago Short Sales

My Chicago Short Sales Team get our fair share of short sale related questions thrown at our direction. There is one question however that gets asked alot more often than others."Should I Continue Making My Mortgage Payments To The Bank During A Short Sale?"

My answer to this is always the same: I cannot legally answer that question.

Illinois Realtors and Brokers who answer this question any other way are just asking for trouble! Answering a question like this is illegal in Illinois because it is deemed legal advice and only a licensed attorney can give out legal advice.

Some Important things to keep in mind

1) The majority of the banks out there will not allow you to actively pursue to attempt a short sale unless you are at least 30 days late on your mortgage payment.. 
 
2) Every mortgage payment you miss is a ding against your credit score

3) In Illinois, a bank can begin the foreclosure process when you are 90 days delinquent
 
Don't lose your home to foreclosure!  If you or someone you know is struggling with their mortgage payments and could be losing their home to foreclosure CONTACT OUR TEAM immediately for a confidential consultation!!! Let my experienced Chicago Short Sale team help you try to avoid foreclosure. You have nothing to lose and everything to gain by contacting us. From Chicago Short Sales to Skokie Short Sales, we have it covered!

FROM CHICAGO SHORT SALES TO NAPERVILLE SHORT SALES TO CHICAGO SHORT SALES:
WE HAVE IT COVERED!

Jim Kontos
President-Broker-Chicago Short Sales Specialist-Suburban Short Sales Specialists
RE/MAX 1st Class
Cell 630 327 9136
Office 847 674 9797
Office #2 312 643 2087
jkontos@remax.net
www.mychicagoshortsalesite.com
www.jkontos.illinoisproperty.com 

 
 

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Why Lenders Accept Short Sales| Chicago Short Sales

So why would lenders take less than what they're owed?

Then answer is: ACTUAL COSTS
 

1) A Lender/Bank stand to Lose A Lot More Money when they foreclose on a property!

2) Some of the costs that a Lender/Bank have to take on during a foreclosure are:

Attorneys Fees
Court Costs
Legal Process Fees
Arrearages
Trustee Fees and Costs of Trustees Sale
Holding Costs
High Repair Costs

 It makes more sense for a lender/bank to chose a short sale when they are dealing with a Moderate Loss

 

Dont lose your home to Foreclosure

If you are someone you know is struggling with their mortgage and could be losing their home to foreclosure,

CONTACT US immediately! Let my experienced Chicago Short Sale team help you try and avoid foreclosure.  You have nothing to lose and everything to gain by contacting us for a completely Free and Confidential meeting!

 

Jim Kontos
President--Broker--Multi Million Dollar Producer----Short Sale Specialist
RE/MAX 1st Class
Cell 630 327 9136
Office 847 674 9797
jpkontos@gmail.com
www.mychicagoshortsalesite.com