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7020 W. Higgins Ave
Chicago, IL 60656
Office: 773-520-1522
Office Fax: 773-751-5516
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Chicago Real Estate Agent, Broker, Chicago Short Sale Homes, Illinois Short Sales, Short Sale Specialist and Pre Foreclosure Expert.


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I am a real estate agent, short sale expert who specializes in Chicago Short Sale Homes, Illinois Short Sale, Short Sales in Chicago, Chicago Suburbs, Chicago Real Estate Property, Residential Real Estate, Purchasing Real Estate, Refinancing, Pre Foreclosure (Stop and Avoid Foreclosure) and more.

Professional real estate services for buyers and sellers

Federal Housing Administration allow first-time home buyers to use the $8,000 tax credit as a down payment.    You're considered a first-time homebuyer if you have not owned a home for three of the last five years.
Will the $8,000 First-Time Home Buyer Tax Credit Expand to $15,000?

 

Chicago Short Sale, Illinois Short Sales

Chicago and Suburbs Real Estate; Cook, DuPage, Lake, McHenry, Kane County - free property search engine brought to you by real estate agent Regina Zak Tomas

By signing up with the Property Research Center, you have access to features that will help you find and organize the listings that best fit your needs.

Chicago Real Estate Agent, Regina Zak Tomas RE/MAX  agent can find you an Illinois Property or any property in the Chicago real estate area, including Northwest and Northern Suburbs of Chicago.

Looking for MLS & Short Sale Listings? RE/MAX Northern Illinois  real estate agents lead the industry in experience, professional expertise and production. Whether you need a Chicago real estate agent, a Naperville real estate agent, an Aurora real estate agent, or a Rockford real estate agent,with RE/MAX Northern Illinois you can expect exceptional customer service to both buyers and sellers.

Real Estate Agent Why you should use a real estate agent?

 

 

Biuro Posrednictwa Obrotu Nieruchomosciami w Chicago i Okolicach. Chicago Short Sale Po Polsku,  Polski Agent,  Kupno Domu,  Sprzedaz domu,     Nieruchomosci w Chicago,  Domy w Chicago, Pozyczki. 

 

Buying a home again? Things have changed.

Much has changed in the world of real estate in recent years. The influence of Internet technologies has given buyers and sellers new ways to come together. If you’ve been through the home buying process before, it’s more important than ever to pick the right real estate professional.

In the present real estate market, you want an agent who will use the Internet to your advantage. As an action-oriented real estate agent, I fully understand how today’s technology can help you find the right home. My website allows you to search thousands of listings to locate the properties that best fit your needs. It’s a great tool for home buying, and free to use.

Call me today and we can discuss what you’re looking for in a home, and where to begin. I look forward to helping you.

 

 

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.
   Selecting a Real Estate Agent

 

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.

Then the property is put into the market, and the Hardship Package is given to the lender.

When an offer is received it is submitted to the lender. If the lender approves the offer, 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.

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. Lenders prefer to deal with a realtor instead of with the buyer. 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.

There is no cost for professional representation! The lender covers the costs of the real estate commission. Make sure a qualified real estate professional is representing you! 

 

 

FORECLOSURE VS. SHORT SALE

 

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.

 

Future Loan with any Mortgage Company

Foreclosure: On any future 1003 application, a prospective borrower will have to answer YES to question C in Section 7 of the standard 1003 that asks "Have you had property foreclosed upon or given title or deed in lieu thereof in the last 7 years?" this will affect future rates

Short sale: There is no similar declaration or question regarding a short sale.

 

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.

 

Credit History

Foreclosure: Foreclosure will remain as a public record on a person's credit history for 10 years or more.

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'.

 

REO - definition of REO - Real Estate Owned. Property which is in the possession of a lender as a result of foreclosure or forfeiture.

Foreclosure - definition of foreclosure - The legal process by which an owner's right to a property is terminated, usually due to default.

Definition: BPOs are often associated with foreclosures and short sales. A BPO, or broker price opinion, is a broker's opinion of the value of a property in the current market.

 

 

What to do if your home won’t sell  Consider lowering price

 

 

Pricing, property condition more important to today's buyers Selling in this market is not easy. But, sellers who understand the market can do well selling today. They must be realistic about what they need to do to prepare their home for sale. Sellers also must be committed to the process. There is no margin for error when it comes to pricing. If you can't bring yourself to price to sell, you're not a committed home seller.

 

Simple tips for making your home more energy efficient

  Owners-Conserving Energy

 

 

Chicago Real Estate Agent, Short Sale in Chicago, Foreclosure   

 

        

  My Featured Properties

 

 

 

 

 

Short Sale in Countryside 

Absolutely gorgeous 2 bedrooms condominium in popular Edgewood Valley complex. From the moment you enter....beautiful, open kitchen, dining rm w/sliding door to large balcony with view on open, green area.., plenty of closets, central a/c, elevator in bldg. Low assessment fee incl: common ins. pool, clubhouse, tennis courts, parking and more. Great location. Bring all offers!!

 

 

 

 

 

 

Mount Prospect Real Estate

The largest and the most beautiful unit in central village complex. Totally upgraded: new ceramic tiles in bath and kitchen, new pergo floor in living room, gorgeous open kitchen, newer appliances, large balcony w/view on mature trees....excellent location: close to downtown area, metra, stores. Complex - for people 55 and older, investors friendly. Bring all offers!!!!

 

 

 

Schiller Park Real Estate. Unbelievable Deal for 6 Units Brick and Stone Building! Great Bargain for the Investor to Live In or Condo Conversion.

                     

Short Sale, Park Ridge Real Estate. Nothing but the best.... Beautiful, spacious, sun filled 2 bedroom and 1.5 bath condo in excellent location. Walk to metra, community center, library, schools, uptown Park Ridge!            VIRTUAL TOUR   Under Contract

                    

 

                         

                  Personal Assistance With Regina  

 

  

If you have any questions about moving to a good  school district or moving because you want your children to go to  better schools, please go ahead and call me or email me.We can discuss which area is best for you children.

Chicago school reports   School report

 

                  

                  

Find a RE/MAX Northern Illinois Real Estate Agent

When it comes to choosing  and working with your real estate agent, consumers who do their homework can save thousands of dollars and experience a smooth financial and physical transition. So don't waste time and resources - decide what's most important to you, and then find a professional real estate agent. 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) 520-1522Chicago Top Agent, Broker.


Chicago Real Estate

 

 Cook County Treasurer's Office 

 

 Bank Foreclosed Properties.  A HUD home is a 1 to 4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage.

 

Real Estate 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.

Chicago Agent   For the well-informed real estate professional.

Chicago N NW Suburbs: Arlington Heights, Des Plaines, Elmwood ParkGlenview, Harwood HeightsMorton Grove, Mount ProspectNilesNorridge, Northbrook, Park RidgeSchaumburg, Wilmette, Winnetka

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          Chicago Short Sale, Illinois Short Sales

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

                             Welcome To My Website!  

My name is Regina Zak Tomas. I am a Licensed Real Estate Broker with 19 years of experience,  Certified Loan OriginatorCertified Distressed Property Expert - Short Sale Specialist. A full time agent since 1990, I know the Chicagoland area well and have a wide knowledge of Northern Illinois. A large part of my business is based on referrals, from many satisfied past clients. As your real estate agent, I will work hard for you, and only you, whether you are buying or selling, regular sale or short sales. I take your home purchase very seriously and will not let you down. I am available anytime to my clients by phone, email, or in person, 7 days a week, including holidays. Don’t hesitate to give me a call or email me for any information you might need for your real estate

I know that the online marketing  is key to real estate success. You can see my website on many front pages like Google, Yahoo, etc. In addition, I  advertise listings in various websites like Craigslist, Oodle, HotPads, Zillow, Backpage, Vast, etc. Because of that I am the Top Agent Broker, with many satisfied clients! Why not list with me?

My Website is on the front of many sites, including:

Top Agent America’s Most Popular Realtors Online  www.TopAgents.biz,

Lender Lister Top Sites  www.LenderLister.com/topsites/,

Why not to work with the best?

Chicago Homes for Sale  Chicago real estate.

Illinois Real Estate  This link can help you find all Illinois homes for sale or short sale.

Tips for First Time Buyers make your home buying process successful

Many homeowners don’t have a relationship with a real estate professional unless they have made the decision to sell their home. People often do not realize that a real estate agent can be a great resource for homeowners. As an experienced real estate agent, I’d be happy to help you with any home needs you may have. I have valuable information on home maintenance, remodeling, refinancing, and other related topics. Much of this information can be found on my website. I think you’ll find that a relationship with a real estate agent whom you trust is a great asset. If I can be of assistance now or in the future, please give me a call.

 

Harwood Heights Real Estate.

Absolutely stunning 2 story home located in the great Maine South High School Dist, close to shopping, parks, and x-way to O’Hare and Chicago-Downtown. Home features: spectacular floor plan, 4 bedrooms, 3.5 baths, master bedroom balcony, family room deck, gourmet kit w/granite c-top, mosaic hardwood floors throughout, master bath has jacuzzi, sep. shower and granite c-tops, 2 car gar w/side drive, private yard with high wood fence… the list goes on and on. The best value in the area! 

 

 

Condo in Elmwood Park. Absolutely gorgeous...and excellent location: walking distans to metra, cta, school, stores...!!! Huge 2bedrooms, 1.5 bath condo w/balcony. Many upgrades. THE BEST BUY IN THE AREA! BRING ALL OFFERS!

 

 

 Chicago, Real Estate. Perfect location - close to hip shopping, 2 schools, bus at the corner. Fantastic brick home for large family. Gorgeous hrwd flrs. Many upgrades: roof, tuck pointing, gutters -2008, new washer, stove. Beautifully painted & ready to move in!  Under Contract

 

 

  Chicago, Real Estate. Charming and affordable ranch on quiet residential street. Excellent location: close to transportation, stores, schools... Many upgrades: new roof-4 yrs, deck-5 yrs old, refinished  hardwood flr, freshly painted...Owner will consider all offers! SOLD

 

    In Chicago, Short Sale. Fantastic Victorian home completely remodeled in 2006-2008! Gorgeous kitchen, family room w/sliding door to beautiful garden. A must see!!! Bring all offers.        Under Contract

  

 Short Sale in River Grove 

The best and the most beautiful unit in this complex totally updated, excellent layout: open kitchen to formal dining room, bright and sunny living room w/sliding door to balcony, gorgeous  new bath (12x5). Plenty of closets, hardwood floor thru-out. Low assessment includes: heat, water, gas and more...excellent location: walking distance to schools, cta bus, shopping, park. Owner will consider all offers!!!

         

 Carpentersville Short Sale, Investors special!!  Needs more work and being sold "as-is" condition. Buyer is responsible for any city inspections. Frame, 2 story home with lots of possibilities...  Nice layout, 3 bedrooms, 2 bath, big kitchen, side drive, 2 car attached garage, private patio.Cash or rehab loans please   SOLD

 

 Chicago, Real Estate. This is a must see! Charming and totally updated large home on Chicago Northwest side. The property features: 4bdr, 3full bths (one on each level) finished attic & basement w/summer kitchen!

 

 Short sale in Chicago, Hyde Park, Heart of Washington Park-Bronzville area! If the summer Olympic games are held in Chicago, this property would be in the ideal location - just a few blocks away....and absolutely beautiful 2 yrs new 3 bdrs, 2 baths condo located in the heart of Washington Park/Bronzeville area. This luxury condo has everything! 

 

 

Chicago - Dunning, Real Estate. Beautiful home with side drive, totally remodeled: new roof-2005, furnace & deck-2007, replaced: windows & siding; 3 new ceramic baths, upgraded kitchen ,gorgeous hardwood floors.... Great floor plan,  private master bedroom w/bath and yard view. Sep. entrance to finished basement: big full bath(17x5), recreation room, office/bedroom. Sep. laundry rm.....owner will consider all offers!!!! Read more

                       

 

     Bensenville Real Estate. Absolutely stunning mohawk terrace residence! From the moment you enter...gorgeous open kitchen w/breakfast table, spacious living rm and dining rm leading to big brick patio, beautiful yard, side drive, attached garage...many updates: new floor in living rm and dining rm, new kitchen, windows, washer & dryer. Easy to to show. Bring all offers!!

 

Chicago Real Estate. One of the most convenient location - near Blue Line to O'Hare, Chicago Downtown, Metra, Expressway I-90. Balcony overlooks Wilson Park with beautiful mature trees, tennis courts, playground for children.

   

 

Short Sale, Pre Foreclosure in Carpentersville. Dramatic Two Story Foyer, Kitchen with Tons of Cabinets, Attached 2 Car Garage. Beautiful Location, Facing to Large Open Area, Close to Shopping, I-90, Train  Under Contract

 

                           

Niles Real Estate. Solid light brk ranch w/side dr, 2 car gar, big private fenced yard. Park Ridge school dist. Main South HS. New construction around. Excellent location: walking dist. to park, stores.

VIRTUAL TOUR   Under Contract

                        

                            

Schaumburg Real Estate. Beautiful Ranch Model. Features private entrance and patio. 

    VIRTUAL TOUR

 

 

 

                     

Schiller Park Real Estate. Perfect for live-in or for the investment, close to Forest Preserve Park, shopping center, X-Way I-90 & I-294. Balcony of master bedroom, separate dinning room, beautiful hardwood floor. Owner will consider all offer!

                                               

Call me for information about Short Sale.

 

  Mortgage Preapproval with Regina   

 

Ask Regina What Is Your Home Worth.

 

 

Prequalification & Preapproval  Get prequalified, or get preapproved?

 

 

I attached a series of articles of interest to homeowners on money-saving tips,household safety checklists,home improvement advice,Chicago real estate short sale,real estate agents,Chicago homes,insider secrets,etc.Whether you currently are in the market for a new home or not.I hope that this information is of value to you.   real estate articles

 

Chicago Tribune Real Estate, Chicago Sun-Times Real Estate, Wall Street Journal Real Estate, Washington Post Real Estate, Forbes Real EstateChicago Homes, Chicago Real Estate, Chicago Condos, City of Chicago, Real Estate News CNN

I want to thank you for taking the time to visit my website. As a consummate real estate professional, I’m committed to providing the absolute best service to my clients. I feel that by educating my clients I put them in the position to make informed decisions, and I can take care of the details so that any transaction runs smoothly.

If I can be of service to you in any way either now or in the future, please let me know. I’d enjoy the opportunity to help you with any of your real estate needs. Once again, thanks for visiting the site. Don’t hesitate to call or e-mail me with any of your real estate needs.

     

                                       
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Chicago Real Estate Agent, Chicago Short Sale, Foreclosure, Illinois Short Sale, Re/Max Agent, MLS.

 

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Direct call, Regina Zak Tomas  773-520-1522
or email me at: reginatomas@mail.com
Office: 
7020 W. Higgins Ave
Chicago, IL | 773-775-0600