Naomi Campbell Is Your Foreclosure Expert
Millions of Americans Expect to Lose Their Homes as Covid Rages
Did Someone Say Foreclosures or Short Sales?
I have 25 years of working with banks and lenders on Short Sales and Foreclosures. Before becoming a Realtor I was in the lending business, working with folks who were behind on their mortgage payments. I am exceptionally fluent in Bankruptcies, Foreclosures, and Short Sales from my experience in the field. After several years I decided my gifts would be better suited to truly helping those who have run into financial problems, or to help them find a way out of trouble when they feel that there is no where to go! In today’s challenging market, my expertise has helped many of my clients find the best options that minimized their financial burden. Trusting an expert with all the details is worth its weight in Gold!
Investors and Banks– I have an ongoing working relationship with banks throughout northern Illinois. With my experience on both sides of foreclosures and short sales, I negotiate to find favorable terms for both the lender and the seller in a timely manner. There are many moving parts with transactions like these, and choosing a realtor who has “seen everything” can make the difference between whether you close or not.
Why it makes sense to use Naomi in a short sale or foreclosure situation
Naomi Resume for short sale and foreclosure situations (There is a difference!)
Case Study– Read how Naomi handles a short sale situation in the sellers words
Facing Foreclosure? I may be able to help. It is very important that you act quickly. Call me today!
Below I give you some information to better understand what can happen with a short sale. This can be very confusing at times. I will do my best to explain things or to refer you to qualified experts in the field. If you have questions or would like to buy or sell, please don’t hesitate to call me at 847-370-5065 or contact me online. I will get back to you as fast as a cheetah.
Why it makes sense to use Naomi in a short sale or foreclosure situation
Naomi Resume for short sale and foreclosure situations (There is a difference!)
Understanding Preforeclosures, Short Sales, and Foreclosures
- Preforeclosure– You are behind in your payments to your lender
- Potential Short Sale– Seller owes the lender more than the property could sell for
- Foreclosure- Also known as a bank owned home, this is a situation where the bank has taken title to the property and is the actual owner
Possible Outcomes For Sellers
- Deficiency Judgment: The lien holder may agree to accept a reduced payoff, but may place a judgment against the Seller’s credit for the amount of the loan they have forgiven.
- 1099: The lien holder may issue a 1099 tax statement to the Seller for the amount of the loan the lien holder has forgiven.
- Deed in Lien of Foreclosure: The lien holder may be willing to accept title to the Seller’s property subject to all of the existing title matters and release the Seller/owner of their debt on the property.
Information and Forms for Buyers of Short Sale Properties
Short Sale Buyer Information
Information and Forms for Sellers of Short Sale Properties
Short Sale Seller Information
What has the Government Done?
Mortgage Forgiveness Debt Relief Act
