Image - Website Of Top Chicago Short Sale Specialist

Selling Or Buying Homes With Experienced Real Estate Specialist Regina Zak Tomas
   Professional Real Estate Services For Sellers And Buyers – Regular Sale Or Short Sale.

I am a Real Estate Broker, Chicago Short Sale Realtor, Expert Who Specializes In Short Sale, Illinois Short Sale, Short Sales in Chicago And All Chicago Suburbs, Refinancing, Foreclosures and more. 30 Years of Experience, Short Sale Certified With Millions Of Dollars In Closed Short Sale Transactions.

 Serving in Cook, DuPage, Lake, McHenry, Will, Kane, Kendall, DeKalb, and Kankakee Counties in Illinois.
ARE YOU HAVING A HARD TIME PAYING YOUR MORTGAGE? If you miss your mortgage payments, you may lose your home through foreclosure. Your lender can use foreclosure as a legal means to repossess your home. If you owe more than your property is worth, a deficiency judgment is pursued. Both foreclosures and deficiency judgments have a negative impact on your future credit. You should avoid foreclosure if at all possible.

Don't Lose Your Home to Foreclosure. As a Licensed Real Estate Broker, Certified Loan Originator, Certified Distressed Property Expert, Short Sale Specialist, I Can Help You!

Because Every Short Sale Is Different
I Am A Chicago Short Sale Realtor, Expert Who Specializes In Short Sale, Short Sales in Chicago And All Suburbs With Millions Of Dollars In Short Sale Transactions!

I'm a certified experienced short sale specialist, and part of an elite group of real estate professionals recognized by the RE/MAX Hall of Fame. I have closed hundreds of short sale transactions. I work with experienced short sale attorneys, some of which speak additionally Spanish or Polish.

I can give you the expertise necessary to save your credit, relieve the uncertainty and most of all, help your family. Don't Wait Until It's Too Late!

Contact me, Regina Zak Tomas, and let's get started towards the path of recovery 

A Short Sale Is An Alternative To Foreclosure!
CALL 773-520-1522


                  Home Valuation                           
                                         To Find Out Value Of Your Home Click The Picture.

Sellers: Click Here to Apply for a Short Sale

Make sure a qualified real estate professional is representing you!
A short sale is not a regular transaction, and hiring an inexperienced Realtor you are risking foreclosure. Do not make this mistake.

There is no cost for professional representation! The lender covers the costs of the real estate commission.

Do not hesitate to call me for free service and for more information, or if you have any questions about listing and selling your short sale property
I don't charge any fees for short sale listing and service! In a successful short sale your bank pays for the realtor commission, attorney fees, title company fee, and many other closing costs.
Simply list and sell your short sale property.My service is FREE.
The short sale process can last for several months. If you are not satisfied with my work, you may cancel the short sale listing at any time without any cost to you!

But I'm not only a short sale specialist. I also work as a listing real estate agent, Realtor who works with many types of transactions. So don't hesitate to call me for any questions you have.



               Current or Future Employment
Foreclosure; Employers have the right and are actively checking the credit regularly of all employees who are in sensitive positions. A foreclosure in many cases is ground for immediate reassignment or termination. Many employers are requiring credit checks on all job applicants. A foreclosure is one of the most detrimental credit items an applicant can have and in most cases will challenge employment.

Short sale: A short sale is not reported on a credit report and is therefore not a challenge to employment.

                         Deficiency Judgment
Foreclosure: In 100% of foreclosure (except in those states where there is no deficiency) the bank has the right to pursue a deficiency judgment.

Short sale: In some successful short sales it is possible to convince the lender to give up the right to pursue a deficiency judgment against the homeowner.

               Deficiency Judgment (amount)
Foreclosure: In a foreclosure the home will have to go through an REO process if it does not sell at auction. In most cases this will result in a lower sales price and longer time to sell in a declining market. This will result 
in a higher possible deficiency judgment.

Short sale: In a property managed short sale the home 
is sold at a price that should be close to market value 
and in almost all cases will be better than an REO sale resulting in a lower deficiency.

                               Credit Score
Foreclosure: Your score may be lowered anywhere from 250 to over 300 points, typically affecting your score for over 3 years.

Successful short sale: Only late payments on mortgage will show and after sale mortgage will be reported as paid or negotiated. This will lower the score as little as 50 points if all other payments are being made. A short sale's effect can be a brief as 12 to 18 months.
Successful short sale is not reported on credit history. There is no specific reporting item for 'short sale'. The loan is typically reported 'paid in full, settled, paid as agreed'.

Other things to know about successful short sales:
- The short sales procedure can and does vary from lender to lender.
- Seller will not receive any excess funds.
- Seller may not remain in the property after the sale even with permission of the new owner.
- Seller will not receive a refund of any escrow accounts.
- Seller may be asked to sign a note for the deficiency at closing.
- There can be no substitution or assignment by buyer.
- Even though a short sale is pending, the lender can still foreclose on the property
- Buyers must be patient because the short sale process can take several months.

Definition of REO (Real Estate Owned). Property which is in the possession of a lender as a result of foreclosure or forfeiture.
Definition of foreclosure - The legal process by which an owner's right to a property is terminated, usually due to default.
Definition of BPO (Broker Price Opinion), is a broker's opinion of the value of a property in the current market.

The Home Affordable Foreclosure Alternatives (HAFA)Program provides additional options to avoid costly foreclosures and offers incentives to borrowers, servicers and investors who utilize a short sale or deed-in-lieu (DIL) to avoid foreclosures.

Are you buying or selling a loft? a condo? a rural property? raw land? an investment property? short sale? pre foreclosures? foreclosure? Perhaps cost is your main concern or timing.Whatever you decide, please contact Regina at (773) 520-1522 - Chicago Top Agent, Broker.

Ten Tax Tips for Individuals Selling Their Home  IRS Tips

Cook County Foreclosure Sale. Daily Cook County foreclosure sales and all general business of The Judicial Sales Corporation. Registration will commence daily at 10:00 AM. Foreclosure sales will begin at 10:30 AM. 

 Foreclosure Listings
IRS Tax Auction
Free credit report  
This site allows you to request a free credit file disclosure, commonly called a credit report, once every 12 months from each of the nationwide consumer credit reporting companies: Equifax, Experian and TransUnion. 

Find Your Mortgage  Loss Mitigation Short Sale Info

  Cook County Treasurer's Office     Lake County Treasurer's Office
  DuPage County Treasurer's Office    Will County Treasurer's Office   
  Kendall County Treasurer's Office   McHenry County Treasurer's Office  
  Kane County Treasurer's Office    Cook County Property Tax Portal

I can not say enough about how wonderful it was to work with Regina 

Dayna Malow.

Regina was very helpful through the whole home buying process
Scott Burns, "

"Regina managed and sold my mother's short sale in 2 weeks! We were so impressed with her that we asked her to sell ours. Then we asked her if she would help us buy a property too. I cannot say enough about Regina. She is simply one of the hardest working people I have ever had the pleasure of working with. She is absolutely an expert with short sales. If you plan having a short sale- you really need to call Regina. Her whole team is outstanding- even the attorney she works with. They are ALL EXPERTS in the short sale/foreclosure arena. A short sale can easily ruin your life if you leave it in the hands of an inexperienced agent and lawyers. Regina will do everything in her power to help you. She ALWAYS answers her phone. She is always there for you- no matter what!…"
Doris Hyerczyk


        Short sale street sign picture
Testimony about Regina Zak Tomas Licensed Real Estate Broker Short Sale Specialist

If you or someone you know…
-Is facing foreclosure
-Has experienced job loss
-Is unable to make mortgage payments
-Is behind on their mortgage
-Has lost their job
-Can’t sell their home because of market conditions
…know that there are options available and people you can trust. Call me today! Many will tell you what you CAN’T do. I will tell you what you CAN do.

Book Of Short Sale Process             The Real Estate Short Sale Process And Foreclosure In This Book

        In Real Estate, a Short Sale - What is it?
A Short Sale is when a lender agrees to receive less than the original amount owed on the property, via negotiations, to be able to release the lien.
The Short Sale Process
The first step is to find out if a short sale is an available option for you.The sellers shall contact the attorney and or certified public accountant to obtain qualified counsel relating to implications of selling the property.
Then the property is put into the market, and after receiving an offer the Hardship Package is given to the lender.
If the lender approves the short sale, the file moves to closing
The Seller's Benefits, The Buyer's Benefits
The homeowner can eliminate their mortgage debts without financing repairs for the purpose of the selling the property.
The lender pays for commissions and closing costs in successful short sale.
The seller's credit report is not negatively affected by a foreclosure.
Bankruptcy can be prevented.
The homeowner can stay on the property until the procedure is finished.
Buyers can buy property that has a below-market price. Also, the short sale properties are usually in better shape than foreclosure properties (don't need as many repairs).
Work with a Real Estate Agent, Broker
A short sale has the potential to become very complicated. As a real estate agent, I am very persistent and patient with the short sale, using my abundant amount of experience to make the process as smooth as possible.


If you're considering buying or selling a home, selecting a real estate agent is the first important decision you will have to make. While there are many qualified real estate agents out there, it's important to decide on a professional who will understand your needs and individual preferences, someone who you can respect and trust. Nearly four out of five homebuyers and sellers enlist in the help of a real estate professional or broker.Whether you're looking to buy a new home or sell the one you're in, choosing a professional who best fits your needs is vital.


In addition, I advertise listings in various websites like Craigslist, OodleZillow, etc.
-Your property will have a video on YouTube and will be advertised on Twitter etc.
-I am a Top Residential Producer, RE/MAX Hall Of Fame Award


Licensed Real Estate Managing Broker, License # 471.010143
Certified Loan Originator, License # 031.0008919
    Why not to work with the best?

 Access My Progressive Property

 Marketing  Plan!
  Marketing Plan

I’M SHORT SALE CERTIFIED WITH MILLIONS OF DOLLARS IN CLOSED SHORT SALE TRANSACTIONS, I have been in the Real Estate and finance businesses since 1989.

I do not use other agents, teams, or assistants. Each of my clients is treated personally and with professional care, which combined with over 30 years of experience and collected certificates, causes former clients to eagerly return to me for business and to recommend me to their friends.

In a short sale, your lender takes the loss,
 on the upside, a short sale is far less destructive to your credit rating than a foreclosure. Deed-in-lieu may be your fastest way out.

What is Cancellation of Debt?

IRS Publication #4681: Canceled Debts, Foreclosures, Repossessions, and Abandonments

 Questions and Answers About the Simplified Short Sale Process

 My Short Sale Listings On


  Subscribe to me on YouTube

Twitter And Short Sale                      Short Sale On Linkedin


 Regina Zak Tomas - Broker at Chicagoland Brokers

Real Estate In Newspapers 

Chicago Tribune Real Estate,  Wall Street Journal Real Estate,  The New York Times Real EstateThe Los Angeles Time Real Estate  The Huffington Post Real Estate News  Reuters Real Estate News  CBS Real Estate News  Fox Real Estate News  Washington Post Real Estate,   Forbes Real Estate,   Chicago Real Estate,   Real Estate News CNN  Money Real Estate News

Choosing the right professional to represent your family’s rights and best interests while getting the most from your investment is no small thing. I understand that and would appreciate the opportunity to share the full scope of our complete comprehensive marketing plan with you. That way, you can be sure to get all of your questions answered, experience the marketing pieces first hand and in the end have all the information you need to make the right decision for you and your family. You have my pledge to get your home sold for the best possible price and terms, in the shortest possible time with the least amount of headaches!

Loss Mitigation Short Sale Info | HAFA, Home Affordable Foreclosure Alternatives Program | What is Cancellation of Debt? | HAFA Policy Updates | Short Sale Po Polsku | Short Sale Process | Short Sale - Seller Advisory | Short Sale Properties | Top Residential Producer | Search Homes for Sale | Buy Home With Real Estate Agent - Cities | Foreclosure Listings | CDPE | Certified Distressed Property | | Bank Foreclosed Properties | Regina Zak Tomas Real Estate Specialist in Chicago | Real Estate In Newspapers


The information contained on this Web site is provided for informational purposes only and should not be construed as legal advice on any subject matter. The links are to be accessed at the user's own risk, and the author of this Web site make no representations or warranties about the content of these links. You may not copy, modify, upload, download, post, transmit, republish or distribute any of the content, including without limitation the code, contained in this Web site without my prior written permission.              

Regina Zak Tomas Real Estate Specialist in Chicago

Chicago Short Sale Specialist, Short Sale Realtor, Chicago Real Estate Agent, Broker, Illinois Short Sale Expert