On A Roll! Putting the Short in Short Sales

Attorney Dennis Bordyn is a speaker at the IAR Fall Conference, Oct 2-4, in St. Charles.

The times may be changing for transactions involving distressed properties as more banks become open to short sales and federal and lender changes are put in place to make them more attractive and efficient.

Short sales aren’t going away anytime soon and the October issue of Illinois REALTOR® highlights 13 ways REALTORS® can make the transactions go more smoothly. Here are a few of the tips:

  • Stay up to date on the guidelines
  • Be aware of new incentives to encourage short sales
  • Educate consumers and share success stories with positive outcomes
  • Be pickier about the short sales you choose to list

Illinois REALTOR® talked to Illinois short sale attorney Dennis Bordyn, of Bordyn Law Offices in Downers Grove, who said that while there is a push to get short sales processed, it is important to remember faster is not always better.

“A short sale is just like any other real estate transaction,” Bordyn said. “Your goal in representing the seller is to get the best possible price from the best qualified buyer.”

You can learn more about what Bordyn has to say about short sales at this week’s IAR Fall Conference, Oct. 2-4, at Pheasant Run Resort in St. Charles.  Attend his session, “New Trends in Short Sales,” on Oct. 4.

This entry was posted in Fall Conference & Expo, Uncategorized by Stephanie Sievers. Bookmark the permalink.

About Stephanie Sievers

Stephanie Sievers is Associate Editor for the Illinois Association of REALTORS®. She serves as Associate Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.