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Faraz Tariq
  • Real Estate Agent
  • Chicago, IL
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Looking for REA w/Short Sale experience in Northern Burbs

Faraz Tariq
  • Real Estate Agent
  • Chicago, IL
Posted Feb 10 2019, 09:33

Hi All -

I'm attempting to assist a family member speak to an agent about selling their home with the possibility of a Short Sale with payoff.  

This individual will not be able to qualify for financial hardship, yet, the monthly payments as well the property size just do not make any sense anymore.  

After some preliminary research, it appears that as long as you bring the difference between principal amount and sale amount to the closing, this would not be an issue.

Are there any other avenues of sale that would lessen the need of having to potentially bring a decent amount of money to closing?

Love to hear ideas and ideally looking for find an actual REA to work with on selling the property!

Thanks!

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