#1 Short Sale Agent in Illinois
No surprises. Just solutions. Bert Gor


phone 800-342-3230


direct 630-842-6000


e-mail  bert@bertgor.com



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· Short Sale
· Reach Bert Gor Now!
· What is a Short Sale
· Why Pick The Bert Gor Team?
· Do I qualify?
· How we WILL Help?
· Saving Your Credit
· Four Things NOT to do!
· Short Sale Glossary Terms
· Short Sale Package
· Short Sale Help
· Request more information
· IRS Loophole Discovery
· Short Sale
· My Story

What is a Short Sale?

A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by lien(s) against the property, and the property owner cannot afford to repay the lien(s) full amounts, and whereby the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt.  Any unpaid balance owed to the creditors is known as a deficiency.  Short sale agreements do not necessarily release borrowers from their obligations to repay any deficiencies of the loans, unless specifically agreed to between the parties.

Please read on........

UNLIKE the State of California, if the short sale is not processed correctly in Illinois, the seller is on the hook for the “deficiency”.  Furthermore, and a VERY common misconception, is that if the seller “walks-away” and allows the home to foreclose, the foreclosure makes the deficiency go away.  Many homeowners think walking away will make the problem go away.  Sadly, this is horribly wrong assumption..

 7 out of 10 Realtors still think that a short sale will result in the seller having a deficiency.  We are here to prove you wrong.  Having closed over 400+ short sales to date, we have successfully negotiated “full deficiency waivers” with just about every lender out there.

You don’t have to walk away in today’s market.  Regardless of your past experience with your lender, we can help turn things around – Bert Gor

What is a successful short sale?

·         Being able to sell your home and not owe a penny once the sale is done.

·         Being able to literally “save your credit” and be able to buy again in as little as 2 years.  Buy in as little as 3 years with only 3.5% down.

·         Being able to sell your home and NOT have to pay income tax on the forgiven amount (mtg forgiveness act of 2007).

·         Being able to live in your home until the home is sold.  Move out on your terms and not with the Sheriff at your door.  If you are already behind on payments this would also mean you could live payment free during this time, as typically the lender will not accept payments once you are past due.

·         Be able to open a checking account without having to explain why you have a foreclose on your credit that takes 7 years to go away.

·         In summary…..selling your house, not owing anything once it’s sold and not having to pay any of the shortage back after it is sold.

Above is what we consider a "successful" short sale.  Not everyone thinks this can be done.  Matter of fact, many of my Real Estate colleagues still believe our interpretation of a short sale is not possible.  We have closed short sales with losses over $1,000,000 (4115 Teak Circle, Naperville IL) with full debt forgiveness to our seller.  All you have to do is call.  We can send you a sample of what an approval letter looks like for your specific lender.








Bert Gor
Ph: 800-342-3230
651 N. Washington St.
Naperville, IL 60563
License # 476394931

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