Welcome to chicagoshortsalelaw.com
This website is intended to provide general information about the short sale process from the attorney perspective regarding short sales in the Chicagoland region.
This website is produced by:
Reda | Ciprian | Magnone, LLC
Attorneys at Law
8501 W. Higgins Suite 440
Chicago, IL 60631773-399-1122
fax 773-399-1144
Category Archives: Fraud
Chicago NPR takes on certain short sales
Reporter Ashley Gross of Chicago NPR’s WBEZ radio did a recent story on some Chicagoland real estate agents who are making a killing on short sales. The article, which can be found here, explains that these agents, acting either as … Continue reading
Posted in Fraud, Short Sale, Short Sale Fraud
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FTC issues MARS rules to combat Mortgage Relief Scams
Whenever there is turbulence or uncertainty in any market, it always seems that opportunists with greed driven motives pop up to take advantage of the situation. The mortgage mess has spawned an entire industry of companies that claim that they … Continue reading
Regulators chime in on shortsale fraud
Although the Illinois Department of Financial and Professional Regulation has not chimed in on the issue of short sale fraud just yet, the governing bodies regulating real estate agents and real estate transactions of many states have. The California Department … Continue reading
Confusion about a real estate agent’s fiduciary duties
There seems to be some confusion, even among real estate agents, about an agent’s fiduciary duties to a home seller in a short sale transaction. You see, many short sale lenders impose certain obligations on a short sale seller and/or … Continue reading