REAL ESTATE LAW, REAL ESTATE ATTORNEY AVAILABLE TO REPRESENT CLIENTS FROM THE FAIRFIELD, WAYNE COUNTY, ILLINOIS VICINITY, REAL ESTATE LAW FIRM HANDLING TRANSACTIONS, DISPUTES, LITIGATION, DEED IN LIEU OF FORECLOSURE, LOAN MODIFICATION, MORTGAGE FORECLOSURE DEFENSE, SHORT SALE NEGOTIATIONS AND EASEMENT DISPUTES. DEPENDING ON THE TERMS OF ANY SETTLEMENT AGREEMENT YOU REACH WITH A LENDER, THEY MAY OR MAY NOT BE ENTITLED TO PURSUE A DEFICIENCY JUDGMENT AGAINST YOU. THE “DEFICIENCY” IS THE DIFFERENCE BETWEEN THE AMOUNT REALIZED FROM THE SALE OF PROPERTY COMPARED TO THE AMOUNT OWED AND A LENDER HAS THE LEGAL RIGHT TO ATTEMPT TO COLLECT THAT AMOUNT. IF A LENDER DOES NOT PURSUE A DEFICIENCY JUDGMENT, THERE MAY ALSO BE AN ISSUE REGARDING AN UNEXPECTED TAX LIABILITY.
Blake Law Group
January 16, 2020
REAL ESTATE LAW, REAL ESTATE ATTORNEY AVAILABLE TO REPRESENT CLIENTS FROM THE FAIRFIELD, WAYNE COUNTY, ILLINOIS VICINITY, REAL ESTATE LAW FIRM HANDLING TRANSACTIONS, DISPUTES, LITIGATION, DEED IN LIEU OF FORECLOSURE, LOAN MODIFICATION, MORTGAGE FORECLOSURE DEFENSE, SHORT SALE NEGOTIATIONS AND EASEMENT DISPUTES. DEPENDING ON THE TERMS OF ANY SETTLEMENT AGREEMENT YOU REACH WITH A LENDER, THEY MAY OR MAY NOT BE ENTITLED TO PURSUE A DEFICIENCY JUDGMENT AGAINST YOU. THE “DEFICIENCY” IS THE DIFFERENCE BETWEEN THE AMOUNT REALIZED FROM THE SALE OF PROPERTY COMPARED TO THE AMOUNT OWED AND A LENDER HAS THE LEGAL RIGHT TO ATTEMPT TO COLLECT THAT AMOUNT. IF A LENDER DOES NOT PURSUE A DEFICIENCY JUDGMENT, THERE MAY ALSO BE AN ISSUE REGARDING AN UNEXPECTED TAX LIABILITY.
WE HAVE BEEN INVOLVED IN REAL ESTATE LAW FOR MANY YEARS. WE HAVE A BROAD RANGE OF EXPERIENCE AND EXPERTISE HANDLING REAL ESTATE MATTERS. OUR GOAL IS TO EXCEED THE EXPECTATIONS OF OUR CLIENTS.
Blake Behme Gilbreth Links, P.C.
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