Chicago Short Sale Lawyer
Short Sale: A Viable Debt Relief Solution
When a homeowner is struggling to stay current with payments, a short sale may be an effective way of walking away from debt. A short sale is when a homeowner sells their home to a third-party for a price that is less than the loan's outstanding balance. Although this debt relief solution involves losing your home, short sale can be an effective way of obtaining debt relief.
Short sales, however, can also lead to tax debt repercussions. At Atlas Consumer Law, our legal team can help you pursue the debt relief avenue that is best for your specific situation. We will listen carefully to your needs and take your goals into consideration.
Illinois Short Sale FAQs
Why should I choose a short sale?
- If you are undergoingn extreme hardship through an underwater mortgage, a short sale may be a good way to obtain some relief from mortgage debt quickly.
Should I choose foreclosure instead of a short sale?
- Foreclosures involve a longer process than short sales, and as the homeowner you are still required to maintain the property. With a short sale, you are no longer responsible for the property and it will no longer be under your name.
Does a short sale impact my credit?
- Your credit score will likely take a hit, but it is difficult to say how much your credit score will fall.
Experienced Attorneys Marked by Legal Excellence
Our consumer law firm is proud to have a legal team of Chicago consumer lawyers who consistently set themselves apart through various legal achievements and honors. Ahmad Sulaiman, our firm's senior attorney, has a 10.0 Superb Avvo Rating - a perfect score - and has been included on the Super Lawyers® list. Backed by an A+ Rating with the Better Business Bureau, our firm is the kind you need on your side during the short sale process.
Our mission is to help you turn a negative situation into a positive one. We will work relentlessly to help you secure the debt relief you need. Are you being harassed by creditors? Our Protect The Discharge program can provide you with the protection you need to feel peace of mind and ensure your consumer rights are protected.
Have questions? Call our Illinois debt solution firm today!
We understand that the prospect of short selling your home or seeking another kind of debt relief can be overwhelming and daunting. We are here for you to be your reliable guide on the road towards financial stability.
Contact us today for the step-by-step guidance you need during the short sale process.