Law  Office  of  Theresa  Panzica  LLC
  • Home
  • About Us
  • Services
  • Blog
  • Testimonials
  • Contact Us
  • TAX APPEAL FORM

Chicagoland Short Sale Case Study: Quick Approval, Delays by Purchaser, Seller still walks away with $3000.00. 

3/6/2017

 
Picture
Unfortunately, it is the Purchaser, still, that creates the most roadblocks to a successful short sale closing.

As 2016 wound down, the Law Office of Theresa L Panzica, LLC, was able to obtain short sale approval on a file in less than 2 months, the Seller was going to walk away without any tax or personal liability--without paying any fees out of pocket to our office--and with a $3000.00 check upon successful closing to finish out 2016.

However, the Purchaser was not ready with financing in 2016...and was still not ready as 2017 began.

The Purchaser delayed in obtaining financing for months, nevertheless our office successfully extended the short sale an additional five times to allow the Purchaser to finalize their financing and close.

Despite all the obstacles posed by the Purchaser, with the help of our office, the Seller, now in 2017, was able to walkaway at closing with no funds expended for fees to our office, a waiver of tax and personal liability and a check for $3000.00.

If you or someone you know is in an underwater home or in foreclosure, please have them reach out to us to see if a short sale is right for them, please contact us at 773-539-5970 or [email protected] to see if we can start assisting you today with no money down or out of pocket attorney fees for the short sale process. 


Please note that every short sale varies and past results cannot guarantee future result.  Our office does not provide tax advice.



Comments are closed.

    Archives

    November 2024
    May 2023
    March 2021
    May 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    August 2018
    July 2018
    May 2018
    April 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    July 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    March 2015
    February 2015
    January 2015
    October 2014
    July 2014

    Categories

    All

    RSS Feed

ATTORNEY ADVERTISING: This Blog/Website is made available by the lawyer or law firm publisher for educations purposes only as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and the Blog/Website publisher. The Blog/Website should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.                                                                                                                                                                                                                                    © panzicalawoffice.com

Law Office of Theresa Panzica, LLC               2510 W. Irving Park Road, Unit C, Chicago, IL 60618                        (773) 267 6630
Representation of Buyers and Sellers in purchases, sales, and short sales, condominium conversions and new construction projects, condominium associations. Business entity formation, maintenence, dissolution. Wills, Trusts, Estates.          
  • Home
  • About Us
  • Services
  • Blog
  • Testimonials
  • Contact Us
  • TAX APPEAL FORM