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Short Sale in Chicago, Chicago Short Sale Expert, Chicago Short Sales Realtor, Broker, Chicago Foreclosure, Stop Foreclosures in Chicago, Short Sale Condo in Chicago, Homes for Short Sale In Chicago, Chicago Short Sale Real Estate.

I am a Real Estate Agent Who Specializes in Representing The Sellers in Short Sale Transaction in Chicago, Pre Foreclosure, Purchasing Real Estate in Chicago, Selling Homes in Chicago, Chicago Real Estate Property, Chicago Residential Real Estate, Chicago IL Foreclosure and more.


Stop, Avoid Foreclosure! I CAN HELP YOU!
As a Licensed Real Estate Broker with over 25 years of experience
Certified Distressed Property Expert
Certified Loan Originator
I can give you the expertise necessary to save your credit, relieve the uncertainty and most of all, help your family. Don't Wait Until It's Too Late!

Foreclosure is NOT the only option! 

Contact me, Regina Zak Tomas, and let's get started towards the path of recovery. 773-520-1522 



If you want to avoid foreclosure and keep your home, your first step is to call your lender! If you are having difficulty paying your mortgage on time, it's important to act now before things get so bad that you are facing foreclosure. In a situation where you want to sell your house, but it is at risk for foreclosure, your best option is short sale.  

 A short sale is a way to avoid foreclosure! It's very common in today's depressed real estate market for home sellers to receive offers that are less than the amount owed to the lender. A short sale is when a bank is willing to sell for less than what is owed.

Facing Foreclosure? Don't Like Your House? Consider a Short Sale! Short Sales Expert in Chicago Illinois!


Condominium, Downtown Chicago Short Sale Condominium, Short Sale Building With 24 Hrs Doorman, Fitness Center, Sundeck, Pool-Indoor & Business Center, Floor To Ceiling Windows     

A Great Place To Call Home. Short Sale Short Sale In Chicago Beautiful, Large Completely Rehab 2 Bedrooms, 2 Baths Condo   

Chicago Short Sale Condo With View Of Lake And HarborChicago Short Sale Absolutely Spectacular View Of Lake And Harbor. Express Bus To Loop From Front Door. Parking Available For Lease.   

Picture Of Building With Short Sale CondoChicago Short Sale Euro Cabinets, Premium Appl And Fixtures, Breakfast Bar, Hardwood Floors Throughout, Bath With Whirlpool Tub.     

Image of Home in Edison Park, Chicago Short Sale Edison Park, Chicago Short Sale Light Brick Octagon Bungalow, The Best Value In The Area!     

Beautiful 1 Bedroom Condo In Old Town, Chicago IL Short Sale Chicago Short Sale  Condo In Old Town And River North Location. Spectacular View Of Chicago Downtown!   

Inage Of Townhouse In Chicago, Short Sale Chicago Short Sale. Gorgeous Townhome In Gated Community. Modern Open Floor Plan, Cathedral Ceiling, Gorgeous Chef's Kitchen With Granite Countertops    

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Picture of building with Condo, short sale in Chicago Chicago Short Sale.The Best Short Sale Deal In The Area. Parking Space, Laundry... And More           

 Short Sale In Chicago Close To Lake Superb Location Short Sale In Chicago, Close To Lake, Stores. Unit Rehabbed In 2007 Plus New Roof. 

 6410 N Clark Chicago, Fantastic Location, Short Sale  Condo For Short Sale. Beautiful And Bright Unit With Heated Garage Parking Space Modern Floor Plan, Private Balcony.

 6410 N Hoyne Chicago, West Ridge Park Area Short Sale  Condo, Short Sale in Chicago! Marble Baths, Cherry Cabinets, New Brazilian Cherry Hardwood Floors, Granite C-Tops, Stainless Steel Appliances, New Steel Deck.

 Lake And Harbor Views From Every Room, Chicago Short Sale   The Best Value In The Park Place Tower. Spacious 1 Bdrm Unit, Indoor Parking Space Included in the Price! Lake And Harbor Views.      

 Condo For Sale, How to Buy a Condominium - Think About Buy This Condo, Short Sale, Chicago  Remodeled  Condo. All Hardwood Floors, Kitchen  With Eating Area, Granite Counter Top....And More!



 Image Of  Short Sale Home, Chicago Harlem/Irving Park Location  Short Sale in Chicago - Harlem/Irving Park. Charming 3 bedrooms, 2 bath. Finished basement has sep. entrance, bedroom/office, summer kit, bath.

Chicago Short Sale.  Fantastic desirable Portage Park. Walking distance to bus, shopping, school, park w/swimming pool. This beautiful & spacious condo is completely updated.

image of condo in Chicago, short sale Chicago Short Sale Excellent Location, Just One Block To Sheridan Rd, Beaches, Michigan Lake, CloseTo Loyola University.                   

Picture Of Three Apartments Home, Short Sale In Chicago  Three Unit Home In Chicago, Short Sale. 

Image Of Condo -  Short Sale - North Sheridan Rd Chicago Chicago Short Sale. Spacious 1Bed Unit, Indoor Parking Space Included In The Price.

Picture of condo - Chicago short sale Chicago - Jefferson Park, Short Sale. Beautiful! Granite C-Tops, Fireplace, Marble Bath, 2 Car Attached Garage.

  Picture Of Home With 2 Unit For Short Sale In Chicago  Short Sale in Chicago. A Great Investment In West Logan Square! Large Two Flat Bldg Plus Finished Attic, 2 Car Garage.

  Chicago Ridge, Short Sale. Absolutely beautiful, recently rehab. 2 bedroom condo.

Picture of Condo in Chicago, short sale in excellent location, Forest Preserve Condo, Chicago Short Sale The Property Features: Balcony, Storage, Parking Space. Excellent Location: Walking Distance To Schools, Forest Preserve, Bus, Shopping  

Chicago - Short Sale Home In Excellent Location, Full Basement Waiting For Your IdeasChicago Short Sale The Property Features Beautiful Hardwood Floors, Newer Kitchen With Granite C-Tops, New Cabinets And Windows.   

Belmont Ave Chicago, Offering Condo For Short Sale Chicago Short Sale Spectacular Condo, Granite C-Tops, 11' High Ceilings, Heated Garage 



Current or Future Employment

Foreclosure; Employers have the right and are actively checking the credit regularly of all employees who are in sensitive positions. A foreclosure in many cases is ground for immediate reassignment or termination. Many employers are requiring credit checks on all job applicants. A foreclosure is one of the most detrimental credit items an applicant can have and in most cases will challenge employment.
Short sale: A short sale is not reported on a credit report and is therefore not a challenge to employment.

Deficiency Judgment
Foreclosure: In 100% of foreclosure (except in those states where there is no deficiency) the bank has the right to pursue a deficiency judgment.
Short sale: In some successful short sales it is possible to convince the lender to give up the right to pursue a deficiency judgment against the homeowner.

Deficiency Judgment (amount)
Foreclosure: In a foreclosure the home will have to go through an REO process if it does not sell at auction. In most cases this will result in a lower sales price and longer time to sell in a declining market. This will result in a higher possible deficiency judgment.
Short sale: In a property managed short sale the home is sold at a price that should be close to market value and in almost all cases will be better than an REO sale resulting in a lower deficiency.

Future Loan with any Mortgage Company
Foreclosure: On any future 1003 application, a prospective borrower will have to answer YES to question C in Section 7 of the standard 1003 that asks "Have you had property foreclosed upon or given title or deed in lieu thereof in the last 7 years?" this will affect future rates.
Short sale: There is no similar declaration or question regarding a short sale.

Credit Score
Foreclosure: Your score may be lowered anywhere from 250 to over 300 points, typically affecting your score for over 3 years.
Successful short sale: Only late payments on mortgage will show and after sale mortgage will be reported as paid or negotiated. This will lower the score as little as 50 points if all other payments are being made. A short sale's effect can be a brief as 12 to 18 months.

Credit History
Foreclosure will remain as a public record on a person's credit history for 10 years or more.
Successful short sale is not reported on credit history. There is no specific reporting item for 'short sale'. The loan is typically reported 'paid in full, settled, paid as agreed'.

In Real Estate, a Short Sale - What is it?

A Short Sale is when a lender agrees to receive less than the original amount owed on the property, via negotiations, to be able to release the lien.
The Short Sale Process
The first step is to find out if a short sale is an available option for you.
Then the property is put into the market, and the Hardship Package is given to the lender.
When an offer is received it is submitted to the lender. If the lender approves the offer, the file moves to closing

The Seller's Benefits, The Buyer's Benefits
The homeowner can eliminate their mortgage debts without financing repairs for the purpose of the selling the property
The lender pays for commissions and closing costs.
The seller's credit report is not negatively affected by a foreclosure
Bankruptcy can be prevented.
The homeowner can stay on the property until the procedure is finished.
Buyers can buy property that has a below-market price. Also, the short sale properties are usually in better shape than foreclosure properties (don't need as many repairs).

Work with a Real Estate Agent, Broker

A short sale has the potential to become very complicated. Lenders prefer to deal with a realtor instead of with the buyer. As a real estate agent, I am very persistent and patient with the short sale, using my abundant amount of experience to make the process as smooth as possible.

There is no cost for professional representation! The lender covers the costs of the real estate commission. Make sure a qualified real estate professional is representing you!

Other things to know about short sales:

- The short sales procedure can and does vary from lender to lender.
- Seller will not receive any excess funds.
- Seller may not remain in the property after the sale even with permission of the new owner.
- Seller will not receive a refund of any escrow accounts.
- Seller may be asked to sign a note for the deficiency at closing.
- There can be no substitution or assignment by buyer.
- Even though a short sale is pending, the lender can still foreclose on the property
- Buyers must be patient because the short sale process can take several months.
REO, definition of REO - Real Estate Owned. Property which is in the possession of a lender as a result of foreclosure or forfeiture.
Foreclosure, definition of foreclosure - The legal process by which an owner's right to a property is terminated, usually due to default.
Definition: BPOs are often associated with foreclosures and short sales. A BPO, or broker price opinion, is a broker's opinion of the value of a property in the current market.

Make sure a qualified real estate professional  is representing you!
A short sale is not a regular transaction, and hiring an inexperienced Realtor you are risking foreclosure. Do not make this mistake.


There is no cost for professional representation! The lender covers the costs of the real estate commission.

Do not hesitate to call me for free service in Chicago IL and for more information, or if you have any questions about listing and selling your short sale property in Chicago for free!
I don't charge any fees for short sale listing and service! In a successful short sale your bank pays for the Realtor commission, attorney fees, title company fee, and any other closing costs.
Chicago, Illinois - Simply list and sell your short sale property for free!

But I'm not only a short sale specialist. I also work as a listing real estate agent and Realtor who works with many types of transactions. So don't hesitate to call me for any questions you have. 773-520-1522 Professional real estate services for buyers and sellers, Chicago, Illinois.

VIEW MY LISTINGS Here are some great properties that I would like to bring to your attention. Please see these select homes offered by me for sale.
 REGINA ZAK TOMAS, 773-520-1522, Chicagoland Brokers Inc.

.  I have over 25 years of experience working full time as a Real Estate Broker.
2.  I am a Licensed Real Estate Broker.
3.  I am a Certified Loan Originator.
4.  I am a Certified Distressed Property Expert.
5.  I work with the best law firms in area.
6.  I finished Law School at the University of Warsaw, which enhanced my negotiation skills with the law firms,  and real estate agents, and results in successful transactions.
7.  I am available any time, almost 24/7.
8.  I know that the online marketing  is key to real estate success. You can see my website on many front pages like Google, Yahoo, etc.
9.  I am the Top Agent Broker, with many satisfied clients!
 10.  I do not use other agents, teams, or assistants. Each of my clients is treated personally and with professional care, which combined with over 25 years of experience and collected certificates, causes former clients to eagerly return to me for business and to recommend me to their friends

If you have any questions, don't hesitate to contact me! Because sometimes emails don't go through, so it might be better to call me at 773-520-1522.


Introduction to Chicago, Illinois

Organized in 1833, Chicago, also known as "the windy city", is the third largest city in the United States with a population well over 2.5 million people. Chicago is also the largest inland city in the United States. It is located in northeast Illinois, on the southwestern banks of Lake Michigan. The Chicago metropolitan area has a population in excess of nine million people.

Chicago is ranked as the fifth "Most Fun U.S City" in a survey conducted in 2003 by Cranium Inc. Factors taken into account in the ranking include: the number of sports teams, restaurants, dance performances, toy stores, the amount of a city's budget that is spent on recreation, and other factors.

Chicago History

The area that was to become Chicago was first "discovered" in 1673 by Father Jacques Marquette, a Jesuit missionary, and Louis Jolliet, a Canadian explorer and map maker. In 1779, Jean Baptiste Point du Sable, an African American from Haiti, built the first permanent settlement near the present Michigan Avenue Bridge on the north bank. Chicago was incorporated in 1833 as the Township of Chicago. Chicago became a city in March of 1837. At that time Chicago's population was just over 4,000 people. Some notable dates and events in Chicago's history include:

  • In 1860, the first national political convention held in Chicago nominated Abraham Lincoln as the Republican candidate for president.
  • In 1865, the famous Chicago Union Stock Yard was completed. The Stockyard went out of business in 1971 and is now the site of an industrial park.
  • On October 8, 1871, the Great Chicago Fire started. The fire lasted for almost two days and destroyed most of the city. 300 people died in the fire and 90,000 people lost their homes. Property loss was $200 million.
  • In 1872, Montgomery Ward, the nation's first mail-order house opened in Chicago.
  • In 1885, Chicago became home to the first "skyscraper", the Home Insurance Building, which was initially nine stories tall.
  • In 1927, Chicago's first airport, the Chicago Municipal Airport, was completed. It was renamed to Midway in 1949 to honor those who fought at the battle of Midway during World War II.
  • In 1973, the Sears Tower was completed. At the time it was the World's Tallest building. To this day it still holds the records for height to the highest occupied floor, and height to the top of the roof.

Chicago Arts and Culture

Chicago has a strong and vibrant arts community offering museums, performing arts, music festivals, and more. Some of the more notable museums include:

  • The Adler Planetarium and Astronomy Museum
  • The Art Institute of Chicago
  • The Bronzeville Children's Museum
  • The Chicago Children's Museum
  • The DuSable Museum of African-American History
  • The Field Museum
  • The John G. Shedd Aquarium/Oceanarium
  • Hands On! Children's Art Museum
  • The Museum of Contemporary Art
  • The Museum of Science and Industry
  • The Peggy Notebaert Nature Museum of the Chicago Academy of Sciences
  • The Polish Museum of America
  • The Peggy Notebaert Nature Museum of the Chicago Academy of Sciences

For patrons of the performing arts, Chicago's notable attractions include:

  • Broadway in Chicago
  • The Chicago Opera Theater
  • The Chicago Symphony Orchestra
  • The Emerald City Theatre
  • The Joffrey Ballet of Chicago
  • The Lyric Opera

Chicago is also home to numerous music festivals, including: Celtic Fest Chicago, the Chicago Blues Festival, the Chicago Country Music Festival, the Chicago Gospel Music Festival, World Music Festival: Chicago, and more.

Chicago Sports and Leisure

Chicago has plenty to offer to fill every sports fan's appetite. Chicago and the surrounding area is home to the following major sports teams:

  • Baseball - Chicago is one of only two cities in the United States that is home to two Major League Baseball (MLB) teams, the Chicago Cubs and the 2005 World Series Champion Chicago White Sox. For individuals who like Minor League Baseball action, the Midwest League's Kane County Cougars play an hour west of downtown Chicago in Geneva, Illinois. The Cougars are a Class A affiliate of the Oakland Athletics.
  • Basketball - The National Basketball Association (NBA) Chicago Bulls, and the WNBA Chicago Sky.
  • Football - The National Football League (NFL) Chicago Bears, and the Arena Football League (AFL) Chicago Rush.
  • Hockey - The American Hockey League Chicago Wolves, and the National Hockey League Chicago Blackhawks.
  • Soccer - The Major League Soccer (MLS) Chicago Fire.

As one would expect from its proximity to Lake Michigan, Chicago boasts a plethora of water-related and outdoor leisure-time activities. In addition to its over 500 parks, the Chicago Parks District maintains over 30 beaches, 16 historic lagoons, nine lakefront harbors, ten bird and wildlife gardens, and thousands of special events, sports and entertaining programs.

Navy Pier, located on Lake Michigan, just east of Chicago’s downtown, has long been a Chicago landmark and is a focus for lakeside recreation. Navy Pier attractions include a unique collection of restaurants and shops in addition to excellent recreational and exhibition facilities.

Another major waterfront activity is the annual Chicago Air and Water Show. It is the largest free event of its kind in the country and happens late summer every year along the Chicago lakefront. The show is best viewed from North Avenue Beach.

Chicago "Must See" Attractions

Chicago has attractions too numerous to do justice in a simple list. Some of the more notable "must see" attractions include:

  • The John G. Shedd Aquarium/Oceanarium, which offers the world’s largest indoor collection of aquatic mammals, reptiles, amphibians, and fish.
  • The Lake Michigan shoreline with its numerous beaches, lagoons, harbors, and Navy Pier.
  • The Lincoln Park Zoo, one of the oldest zoos in the country.
  • Millennium Park, a combination of architecture, sculpture, landscape design, and a sophisticated outdoor concert venue offering numerous events.
  • The Sears Tower, the fourth largest building in the world.

Chicago at Night

A city the size of Chicago has just about everything to offer in the way of nightlife. For those interested in good food, Chicago is famous for excellent steaks and deep dish pizza. Dining options abound from family fare, to ethnic cuisine, to the latest in trendy restaurants. Some of Chicago's most interesting dining can be found in the area of Randolph Street just west of Chicago's Loop, as well as a stretch of the south Loop, and on the Magnificent Mile.

For those looking for the music and nightclub scene, a city the size of Chicago has just about everything to offer. Chicago is famous for blues and jazz, but offers just about every musical tradition. There are numerous nightclubs all over town, especially along Halsted Street, Lincoln Avenue, and Clark Street on the North Side, as well as Chicago's famed "Gold Coast", the neighborhood around the intersection of Rush and Division streets. Up-to-the-minute listings of happenings can be found in New City and The Reader, as well as the Friday editions of the Chicago Sun-Times and the Chicago Tribune.


Total Housing Units in Park Ridge, IL

At the time of the last census survey, there were 14,646 total housing units in Park Ridge. The number of occupied housing units was 14,219, or 97.1 of the total units in town. Of these, 12,455  were owner-occupied (87.6), and 1,764 were renter-occupied (12.4, compared to the national average of  33.80%). There were also 427 vacant homes in Park Ridge at the time of the last complete survey.

Median Home Values in Park Ridge, Illinois

The total number of single family, owner occupied homes in the community was 10,641, with a median  value in dollars of 295,800.

Monthly Owner Costs in Park Ridge, IL

For homes with a mortgage, average monthly owner costs were $1,806 (national average was $1,088).  For homes without a mortgage in Park Ridge, average costs per month were $572 (national average was $295).



High School Graduate or higher
At the time of the last survey, 24,499 people in the community had a high school degree, or 92.4 of the population (compared to the national average of 80.40%).

Bachelor's Degree or Higher in Park Ridge, Illinois
12,252 people in Park Ridge also had a Bachelor’s degree or higher, which represented 46.2 of the total population (National average was 24.40%).



Civilian Veterans in Park Ridge, IL
The number of Civilian Veterans in Park Ridge was 3,553, or 12.4 percent of the total population (National average is 12.70%).

Disability Status in Park Ridge, IL
In 2000, there were 4,508 people in Park Ridge, IL listed as disabled.

Foreign Born in Park Ridge, IL
At the time of the last complete survey, there were 6,461 people in Park Ridge who spoke a language other than English at home. This represented 18.2 of the total population, compared to the national average of 17.90%.



Percentage In Labor Force in Park Ridge, Illinois
There were 18,742 in the labor force in Park Ridge at the time of the last complete survey. This represented 63.1 of the total population, compared to the national average of 63.90%. Mean Travel Time to Work in minutes
From the most recent complete survey, the average commute time to work for local residents in Park Ridge was 26.7 minutes, compared to the national average of 25.5 minutes.

Median Household Income in Park Ridge, IL
The median household income in the community at the time of the last survey was $73,154. The median household income in the U.S. was $41,994.

Median Family Income in Park Ridge, IL
In the last complete census survey, the median family income in the community was $87,795. Median family income in the U.S. was 50,046.

Per Capita Income in Park Ridge, Illinois
Per capita income in Park Ridge in the last full census was 36,046. Per capita income in the U.S. was 21,587.

Families below poverty level
According to the most recent survey,families living below the poverty line in Park Ridge numbered 174, or 1.7 percent of the population. The percentage of families in America living below the poverty line was 9.20%.

Individuals below the poverty level in Park Ridge, IL
Individuals living below the poverty line in the community was 911, or 2.4 percent.The percentage of individuals living beneath the poverty level in the country was 12.40%.



Profile of Park Ridge                                              Park Ridge Journal

The City of Park Ridge, Illinois                                Park Ridge city website

Park Ridge Public Library                                       Welcome to the Park Ridge    

What's New in Park Ridge?                                     Park Ridge Public School Info

Groups and Organizations in Park Ridge                  Park Ridge Public School Info

Illinois State and Local Government Websites          Local Schools Guide

Park Ridge Herald-Advocate                       Cemeteries in the Park Ridge, IL area

Bus schedules and Lunch menus for Park Ridge Schools

The University of Chicago                                      City Of Chicago        
Chicago Airport System

The Official Site Of The Chicago Bulls                      Explore Chicago  
Chicago Park District                                             Chicago Tribune
Travel to Chicago Illinois                                        Chicago Transit Authority
Current Local Time In Chicago IL                            Chicago History Museum
Chicago Restaurants, Illinois Restaurants                 Millennium Park



Chicago, Chicago Foreclosures, Chicago Short Sales
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Short Sale In Chicago IL.


Chicago Short Sale Specialist, Short Sale Realtor, Chicago Real Estate Agent, Broker, Illinois Short Sale Expert