Chicago Short Sale Attorneys

If you are having trouble keeping up with your mortgage payments, you may want to consider a short sale. In a short sale, the homeowner sells the home to a third party for less than the outstanding balance of the loan. Short sales are not common because, in most cases, the lender has more attractive options. However, if it the best option for the lender, it can be very beneficial for the borrower as well.

At Atlas Consumer Law, we help people with a wide range of foreclosure defense and debt relief issues, including short sales. Our skilled attorneys can handle all of the negotiations and legal details to help you achieve your debt relief goals.

Contact us today online or by telephone at (312) 313-1613 to speak with an experienced Chicago short sale lawyer.

DuPage County Short Sale Negotiation Lawyer

A short sale can be a great opportunity to walk away 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 consider the amount between what the house was sold for and the outstanding loan balance as income, leaving you with a tax burden.

Our attorneys can help you understand the impact a short sale will have, including tax responsibilities, how it will affect your credit and other important factors. If a short sale is not in your best interests, you may consider other foreclosure defense options or bankruptcy. The decisions are yours. We are here to offer legal guidance and determined advocacy.

Are you facing home foreclosure in Illinois? Contact us today online or by telephone at (312) 313-1613 to speak with an experienced Chicago foreclosure defense attorney.

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