Jeff & Robin McGinn (Broker Owner & Designated Managing Broker)

Pre-Foreclosure & Short Sale Help

Are any of these things happening to you or someone you know?                             

Behind on the Mortgage Payment? 

Running out of money before the end of the month? 

Need to downsize before finances get out of hand and its too late?   

Quick action is the best chance of making the best out of a bad situation.   

Our economy is recovering but there is still a world of hurt out there and many households are still trying to stay on track -    job loss and instability, divorces and separations, relocation for better job opportunities, for example


Our Short Sale Negotiators and Attorneys Will Work on Your Behalf - at no charge to you! 


Call Robin today at 630-977-0677 or send an email

Be sure to include your name, phone number, email address and property address!  

Act now, don't wait until it's too late to get the help you need!


5 Step Process to Avoid Foreclosure:

Step 1: Refinance/Remodify.  Have you or are you in process of working through this with your lender? If you have been waiting 2 months or longer for an answer and have been in contact with your bank weekly, odds are you aren't qualifying. Or maybe they aren't working the file.  If they could do it, they already would have. Don't delay   Call 630-977-0677  Goto Step 2

Step 2: We have lenders ready to evaluate your situation objectively...they may be able to refinance your home to reduce your monthly payments, to make payments more manageable so you can stay in your home, if that is your desire, and at all possible. Still No luck?!  Call 630-977-0677   Goto Step 3

Step 3: If you don't qualify for refinancing or remodification programs, contact us immediately!   We will professionally market your home to get the most for you in today's market and help you find your new home, either for purchase or rental.   The time is now to contain your financial situation and downsize your home and your monthly payments.   Call 630-977-0677  Goto Step 4

Step 4: Do you own more than you think your home will sell for, and feel the pinch each month making your payments or unable to make payments? The bank won't remodify your loan?  If you're stuck or going backwards, then it may be time to SHORT SALE your home.   Do NOT wait - Call us today at 630-977-0677.  The earlier we can get this process started, the better chance of success, salvaging your credit and moving on to the next phase in your life!  We are experienced in Short Sales and our team of negotiators and attorneys will work on your behalf to negotiate direct with your lender.  

Don't try to negotiate the short sale yourself.     If you represent yourself, the bank will drag out the process, give you false hope, frustrate you and you will likely lose your home anyway.  We've seen it happen, don't take it upon yourself to navigate the nuances of the short sale.  Let the pros do it!  Contact us and we'll get your home on market, get a contract buyer for your home, and put our negotiators to work for you.  No upfront fees, we get paid at closing from the lender, not from you.

Step 5:  Relief.  Because every Short Sale we have completed, the sellers are elated to have the "weight off their shoulders" and a new opportunity to rebuild their life. 

Did you know??

A foreclosure stays on your credit report for ~7 years. However, foreclosure affects your credit score predominantly for the first 2 years, and can affect your credit score by 250 points. For example, if you have a credit score of 700, it may drop down to 450. So, it's better to avoid a foreclosure and request the lender for a loss mitigation plan  so that you're able to keep the home or if you can't keep the home, then at least see that your credit doesn't get a big hit.

Did you also know??

If you need to short sale your home  - realtor and closing costs are typically paid for the Short Sale Seller's Lender  - there are usually no out of pocket expenses to seller.  In some cases, a small amount requested by lender or investor may be required. For the most part, it's uncommon for this to happen, however if agreed upon, a payment plan can be established to move the short sale forward. 

Even if it's a small amount to pay, it's STILL better than a foreclosure (long term) HIT on your credit   Recovery is shorter with a short sale vs foreclosure. 


3 tips to help repair credit:

Prepare a budget: Look at the way you spend your money. Plan a budget and try to follow it.  Identify, understand and correct why you're in the situation. If there's anything that you could have avoided, try to fix it now. Track if you are spending extra and adjust your budget accordingly.   

Pay your bills on time: Keep paying your bills and debts on time. Setup autopay if you can to ensure payments are made on time.   It is your responsibility to make confirm that your creditors report correctly to the credit bureaus.  Take charge and send proof of payment if needed to clear the debt.  High debt load will affect your credit score and bring it down, and affect your debt ratios. Don't ignore small expenses as they can be sent for collections.  

Get a credit card: You can apply for credit cards and use it to make small purchases. Pay off the balance in full every month. This will reflect that you can manage credit responsibly thereby borrowing only what you can afford and paying it back in time. However, go for a credit card only if you have adjusted your expenses, and you only need a couple cards to establish good trade lines.  
Our lenders can assist with credit evaluation and determine what is your best course of action to improve your score,  and we have connections to resources to assist with credit recovery. Identifying what is bringing your score down and make recommendations that will improve your credit score. Credit correction will take time, but will be worth it in the long run.  


Keep an eye on improving your credit.  Homeownership is possible again after a bankruptcy (3years), short sale (3 years) and foreclosure (7+ years) if all criteria is met.  Strive for a 640+ credit score and less than 42% debt ratio, and you may once qualify again for a loan.   When you do?  Call us and we'll get you back into your new home. 

Life happens, and sometimes it gets rocky along the way.  We are here in good times and in bad to guide you towards the best scenario for recovery.    

Call 630-977-0677  today to discuss.  



Jeff and Robin McGinn, Broker Owner and Designated Managing Broker  

Providing Seller and Buyer Services throughout Northern Illinois and Chicagoland

RE/MAX IMPACT | 900 S. State Street Suite B  Lockport, IL 60441   

630-977-0677 | 630-890-1587 | 815-838-5200 | Contact by E-mail

Each RE/MAX® office is independently owned and operated.  Disregard if already represented by another real estate broker.  
Equal Housing Opportunity.