There was an article in today’s Chicago Tribune warning of all the potential pitfalls to buyers on purchasing a house through a short sale. While it’s true that there are many potential landmines for a buyer, you can still get a great deal. Just make sure you use a lawyer who can help you navigate through the minefeild. Shorts sales remain a valuable tool in helping property owners get out of a very difficult financial predicament, and helping to put more homes on the market for buyers.
Here’s the article:
http://www.chicagotribune.com/classified/realestate/foreclosure/sc-cons-1115-short-sales-20121115,0,7838703.story
Dan*
*Dan Sugrue is a Lake County lawyer in the Libertyville area who concentrates on bankruptcy, personal injury, real estate and probate law, including wills and trusts