Short Sale Attorney
Are you facing foreclosure and searching for an alternative to being foreclosed upon? Contact the short sale attorneys at Minchella & Associates. Our firm has more than 37 years of legal experience. Managing partner Erica Crohn Minchella has spent her entire career representing real estate buyers and sellers in a wide variety of real estate transactions including short sales. She can provide you the experience and guidance you need to manage this minefield.
Do I need a lawyer for a short sale?
Without question it is in your best interest to work with a short sale attorney throughout this process. Your lender is attempting to foreclose on what is likely the most valuable asset you have in your possession. Our law office can negotiate on your behalf with your lender to obtain the best outcome for you.
Most people facing a short sale have no experience negotiating with banks. Minchella & Associates has extensive experience in this area. We have found that every single lender requires different documentation and plays by different rules. Some lenders are straight forward whereas some lenders will require the same documentation five times. It is critical to know how to present your documentation to the lender in a way that prevents them from taking advantage of you. In addition, once the short sale has been negotiated, you will need a lawyer to close the transaction for you.
How do short sales work?
The process of a short sale varies depending on which lender with whom you are dealing. Minchella & Associates has dealt with virtually every lender and as such, is uniquely positioned to maneuver the process, help you understand it, and help with strategies for the more recalcitrant lenders. However, generally speaking there are certain steps that your short sale will take, these include:
Is short sale better than foreclosure?
SKOKIE REAL ESTATE LAWYER
OVER THIRTY-FIVE YEARS OF EXPERIENCE IN CHICAGO REAL ESTATE
It is not a cliche to point out that most people involved in a Skokie real estate transaction are engaged in the largest and most important acquisition of their lifetime. Whether you are selling or buying a residential home, are facing the loss of your home in foreclosure or investing in or divesting from commercial real estate, it is important to work with an experienced real estate attorney.
Skokie real estate attorney, Erica Crohn Minchella, of Minchella & Associates, Ltd. has helped thousands of real estate owners with their real estate transactions within the Skokie and Chicagoland area.
Erica has practiced real estate law most of her legal career. She handled mostly bankruptcy for the first eighteen years. Within the context of handling bankruptcy she handled many real estate transactions. For the past 20 years, she has focused on real estate law. She was on the drafting committee for the real estate contract that northern Illinois attorneys use when closing real estate transactions. She is the founder and president of the Association of Foreclosure Defense Attorneys, recognized as a SuperLawyer and Leading Lawyer and has been named one of the Top 10 Real Estate Lawyers in the state of Illinois by Leading Lawyer Publications Additionally, she is on the board of directors of the Illinois Real Estate Lawyers Association and the Illinois State Bar Association Real Estate Law Section Council.
RESIDENTIAL AND COMMERCIAL REAL ESTATE CLOSINGS, LITIGATION AND TRANSACTIONS
Minchella & Associates represents sellers and buyers in Chicago residential and commercial real estate closings. In addition, we have vast experience in a wide variety of other real estate law matters, including, but not limited to:
Residential real estate closings of single family homes, condominiums and multi-unit homes
Commercial real estate closings and leases
Representation of Home buyers and protecting their investment
Representing home buyers and seller in issues arising after their transaction has closed with other attorneys
At Minchella & Associates, we have a passion for real estate. Contact us online or call us at 847-677-6772 to arrange a consultation.
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"We worked with Erica and her team when we sold our condo in Roscoe Village in 2019. Erica and her team worked extremely hard to negotiate on our behalf to get us the best deal possible, so that we could purchase our new home at the same time. She made what should have been an extremely stressful situation, feel like a breeze. As Erica and her team went above and beyond the normal requirements for a closing, she is really the best attorney to get the job done, not matter what situation you are in. I highly recommend her for all your needs."
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