The experienced Chicago short sale attorneys at the Bentz Holguin Law Firm help Chicago-area residents with a full range of foreclosure defense and debt relief strategies, including short sales. Have a skilled Chicago short sale attorney with Bentz Holguin handle the negotiations and legal details to help you achieve your goals. If you cannot keep up with your mortgage payments, a short sale is one option to consider. In a short sale, the homeowner sells to a third party for less than the outstanding balance of the loan. Short sales are rare; typically, a lender has better options. However, a short sale can be very advantageous for the borrower.
DETERMINING YOUR BEST ALTERNATIVE
A short sale is one way to remove yourself from a bad debt situation. Although it will not allow you to keep your home, it will relieve you of your mortgage debt. However, there may be tax implications. The IRS may decide the difference between what the house was sold for and the outstanding loan balance is taxable income. An experienced Chicago short sale attorney at the Bentz Holguin Law Firm can help you determine if a short sale is your best alternative. We can help you understand the effect of a short sale including the impact on your taxes and your credit rating. When a short sale is not in your best interests, we help you examine other options. The Chicago short sale attorneys at Bentz Holguin offer sound legal counsel and dedicated legal representation.
IF YOU CONSIDER A SHORT SALE
Are you facing home foreclosure in Illinois or considering a short sale with some other goal in mind? The Chicago short sale attorneys at Bentz Holguin will handle the situation personally; you aren’t brushed off to an assistant, and we never let you become just another case number. The Bentz Holguin Law Firm maintains the highest professional standards; provides quality legal services at a reasonable cost; and works with all parties involved to bring your concern to its best possible resolution. Contact the Bentz Holguin Law Firm today and schedule a free consultation online or call 312-647-2116.