Illinois Real Estate

Short Sale Listing Appointment Requirements We call all of the documentation needed to initiate a short sale a "Short Sale Package" and it is usually submitted by the Broker representing the seller, or the seller of the property. When we meet to list your home, there will be more paperwork requirements since it is a Short Sale.  Short sales are more complicated than traditional sales and do require some extra work on your part. Here is a checklist of the items we will need you to complete: Seller Interview Questions (Form O) Listing … [Read more...]

As a homeowner considering a short sale in Naperville, Plainfield, Oswego or any Chicago suburb,  it is important you understand the short sale process. We have compiled some of the most common mistakes other agents and homeowners make when handling a short sale. As Certified Distressed Property Experts, The Ayers Team is uniquely qualified to help you sell your home in a timely, efficient manner.  Please feel free to contact us for more information! Your Property is Priced Incorrectly Pitfall: Your Property is Priced Incorrectly This … [Read more...]

The current U.S. housing market and national financial crisis has caused untold stress and heartache for many American families. Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to the greater Naperville-Plainfield-Oswego residents for foreclosure are many. Following is a brief explanation of these solutions, including their benefits and drawbacks: Short Sale If a homeowner owes more on their property than it is currently worth, then they … [Read more...]

Don't let one of these myths land you and your family in foreclosure... A short sale can be an excellent solution for homeowners who must sell, and owe more on their homes than they are worth. Unfortunately, a number of myths about short sales have developed, and it is important to understand the reality of this process should you find it meets your current needs. When you are ready to list your Short Sale, please Contact Us.  We will be happy to walk you through the Short Sale process! Myth #1 – The Bank Would Rather Foreclose … [Read more...]

A Short Sale occurs when a lender agrees to discount a loan balance due to a financial hardship on the part of the borrower. A short sale is negotiated done through the Bank's Loss Mitigation department. The distressed homeowner hires The Ayers Team to list, market and sell the property for its current market value, even if less than the outstanding balance of the loan. Since the lender is receiving less than what it is owed, a Short Sale requires the Bank's approval before it can be approved for closing. A Short Sale is executed to prevent … [Read more...]