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!
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