Image - Website Of Top Chicago Short Sale Specialist

Norridge Short Sale Realtor, Norridge Short Sale Homes 

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


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

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


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 Norridge Illinois!


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 Norridge IL and for more information, or if you have any questions about listing and selling your short sale property in Norridge 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.
Norridge, 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, Norridge, Illinois.

SEARCH HOMES Are You Buying Or Selling? There’s no better time and no better place to start your online home search than right here on this search page. 

Regina Zak Tomas, Real Estate Agent, Broker In Norridge, IL.
Planning To Sell Your Home? Selling a home takes more than just putting a "for sale" sign out front. Access My Progressive Property Marketing Plan! My Marketing Plan
Are you planning to sell or buy a home? You've come to the right place. I specialize in helping people buy and sell homes. Over 25 Years of Experience! 773-520-1522.
Don’t Hesitate To Give Me A Call Or Email Me For Any Information You Might Need.




1.  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 bilingual - I speak both English and Polish.

8.  I am available any time, almost 24/7.

9.  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. In addition, I  advertise listings in various websites like Craigslist, Oodle, HotPads, Zillow, Backpage, Vast, etc.
10.  I am the Top Agent Broker, with many satisfied clients!

11.  I do not use other agents, teams, or assistants. Each of my clients is treated personally and with professional care.


Total Housing Units in Norridge, IL
At the time of the last census survey, there were 5,842 total housing units in Norridge.

The number of occupied housing units was 5,727, or 98 of the total units in town. Of these, 4,847 were owner-occupied (84.6), and 880 were renter-occupied (15.4, compared to the national average of 33.80%). There were also 115 vacant homes in Norridge at the time of the last complete survey.

Median Home Values in Norridge, Illinois
The total number of single family, owner occupied homes in the community was 4,278, with a median value in dollars of 200,500.

Monthly Owner Costs in Norridge, IL
For homes with a mortgage, average monthly owner costs were $1,360 (national average was $1,088). For homes without a mortgage in Norridge, average costs per month were $376 (national average was $295).



Total Population in Norridge, IL
At the time of the most recent United States Census Survey, the number of people in Norridge, IL was 14,582.

Norridge Male Population
At the time of the last full census survey, the number of men in Norridge was 6,776, which represents 46.5 percent of the total for the community (The national average is 49.10%).

Male Population, Married in Norridge, IL
There are an estimated 3,537 married men in the town. 59.5 percent of men over 15 years old in Norridge are married, compared to the national average of 56.70%.

Female Population
The estimated female population in Norridge is 7,806 which is 53.5 of the total population (Compared to the national average of 50.90%).

Female Population, Married in Norridge, Illinois
There are an estimated 3,610 married women in the community. 52.7 percent of females over the age of 15 are married, compared to the national average of 52.10%.



Median Age in Norridge, IL
The median age of people living in Norridge, IL was 46.6 at the time of the last full census survey. (The United States average at the time was 35.3)

At that time, the number of people under the age of 5 living in Norridge was 519. There were 12,130 people above the age of 18, which represents 83.2 percent of the entire population (compared to the national average of 74.30% ). 28.9 percent of the population (4,214) in the community was 65 years and over, compared to 12.40% nationally.



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.
REGINA ZAK TOMAS, Chicagoland Brokers Inc.

Groups and Organizations in Norridge                   Profile of Norridge

 Public Libraries around Norridge                            Norridge Public School Info

 Norridge Private School Info                                  Libraries in Norridge

Cemeteries in the Norridge, IL area                       Norridge Illinois community website

 Norridge Data and Census Information                Norridge Detailed Profile

Norridge IL Zip Code                                                 Village of Norridge, Illinois 

 Village of Norridge, Illinois - Park District             Eisenhower Public Library District

 Norridge IL, News  - Newspaper articles             The Salvation Army Norridge

  Norridge Illinois Public Records                             Village of Norridge, Illinois - Schools

  Norridge School District 80, Overview


Norridge Foreclosures, NORRIDGE, Norridge Short Sales
  Foreclosures In Norridge, In Cook County- Norridge Avoid Foreclosure,  Cook County Short Sale, Pre Foreclosure In Norridge, Short Sale In Norridge. I Can Offer Help With Foreclosures In Norridge, Save Your Home From Foreclosure In Norridge, Help With Short Sale - Norridge, Stop Foreclosure, Services In Avoiding Foreclosure In Norridge.
Short Sale In Norridge IL.

The information contained on this Web site is provided for informational purposes only and should not be construed as legal advice on any subject matter. The links are to be accessed at the user's own risk, and the author of this Web site make no representations or warranties about the content of these links. You may not copy, modify, upload, download, post, transmit, republish or distribute any of the content, including without limitation the code, contained in this Web site without my prior written permission.

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