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 20 years of experience, Certified Loan Originator, Certified 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. 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?
I do not use other agents, teams, or assistants. I personally deal with the listing, buying, selling, and any possible problems that my clients can have associated with these areas. Each of my clients is treated personally and with professional care, which combined with my experience and collected certificates, causes former clients to eagerly return to me for business and to recommend me to their friends.
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.
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!
Chicago, Short Sale Condo. Absolutely Stunning Luxury Condo, This Unit Has Everything! Short Sale.
Condo Short Sale Chicago. Absolutely spectacular view of lake (east and south) see the sunrise and sunset from living room and dining room. Modern 2 bdrm, 2 baths unit. Short Sale.
Algonquin Short Sale, Townhouse. Modern Open Floor Plan, Separate Dinning Room, Huge Mbr Suite With Sitting Area, Lux Bathroom Witch Separate Shower. Short Sale!
Condo In Chicago, Short Sale. Luxurious, 1.1 Bath Condo In West Loop, Recent Rehab. Garage Parking Is Included In Price, Short Sale.
Condo, Short Sale, Chicago-Uptown. Has own private entrance- feels more like single family home! Short Sale!
Condominium, Short Sale – Chicago Uptown. Spacious living room and attached sunroom with original wood crown molding, hardwood floors, kitchen has new cabinets, granite c-tops & flooring, big bath w/claw-foot tub, hallway has built in china cabinet in it's original wood construction, custom deck, washer & dryer in unit, gated parking included!
Short Sale in Chicago - Harlem/Irving Park. Charming 3 bedrooms, 2 bath. Finished basement has sep. entrance, bedroom/office, summer kit, bath.
Short Sale In Round Lake Heights. Charming and spacious home located in beautiful area! Short Sale.
Elmwood Park, Short Sale Home. Absolutely charming and spacious home, totally updated! New kitchen has granite counter-tops gorgeous family room with wood burning fireplace. Short Sale.
In Skokie Short Sale Home. Totally updated brick ranch. A must see! Short Sale!!
In Des Plaines, Short Sale Home. Absolutely stunning new construction, brick and stone mansion. Huge deck next to the family room. A great buy!! Short sale!
Bolingbrook, Short Sale. Priced to sell... and... a great location! Family room overlooking large fenced yard, attached two car garage.
Condo In Park Ridge For Sale. Quick closing - regular sale! Walking distance to Maine South High School! Amazing and huge 2 bedrooms, 2 baths condo with a top floor forest view.
In Glenview, Beautiful Home. Absolutely charming and spacious home - totally rehab. 8 years ago. Excellent Glenview location and award winning school dist.
Skokie, Short Sale. Award winning school district, duplexed condo. Lower level - private entrance!
Short Sale in Chicago, Albany Park. Priced to sell... This home was completely rehabbed from the top to bottom! Beautiful Kitchen W/Granite C-Tops.
Short Sale in Maywood. Beautiful, spacious home perfect for large family. Oversize garage with side drive. Modern floor plan, partially finished basement has exercise room, office, many updates!
Park Ridge, Short Sale. What a value! In Town, center entrance fantastic colonial home w/side drive. Property totally redone!
Short Sale in Evanston. Absolutely stunning Townhouse in Evanston downtown, across from Mason Park, excellent location. Energy-efficient geothermal heating & cooling system.
Short Sale in Lyons. Beautiful 2 bedroom condominium has gorgeous hardwood floor, sunny living room with sliding door to balcony, kitchen w/new cabinets, appliances. This unit is simply beautiful
In Des Plaines, Condo for sale! Bargain....regular sale! A great value! The best 2bdr 2 baths corner unit with balcony overlooks courtyard w/ beautiful trees.
Condo, Short Sale in Chicago! Absolutely charming 2 bedrooms unit with vintage appeal. Recent rehab: kitchen with 42" maple cabinets, ss appliances, granite c-top, w/side by side frige , marble bath w/whirlpool, fireplace in living room, washer & dryer in unit, hardwood floor, tray ceiling, private porch next to kitchen. close to train, metra, stores....a great place to call home!!
Short sale, Chicago - Rogers Park. The most beautiful unit in the complex. From the moment you enter... Huge, sunny, living room w/fireplace, modern kit w/granite c-top with entrance to private deck. Short Sale!
Chicago Short Sale. Fantastic location....in desirable Portage Park. Walking distance to bus, shopping, school, park w/swimming pool. This beautiful & spacious condo is completely updated.
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.
Short Sale in Lake Zurich. Charming home, enjoy summer days just a breeze away from Echo Lake, fishing, club house..... Short Sale
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.
Call me for information about Short Sale.
Mortgage Preapproval with Regina
IRS Publication #4681: Canceled Debts, Foreclosures, Repossessions, and Abandonments
What is Cancellation of Debt?
If you borrow money from a commercial lender and the lender later cancels or forgives the debt, you may have to include the cancelled amount in income for tax purposes, depending on the circumstances. When you borrowed the money you were not required to include the loan proceeds in income because you had an obligation to repay the lender. When that obligation is subsequently forgiven, the amount you received as loan proceeds is normally reportable as income because you no longer have an obligation to repay the lender. The lender is usually required to report the amount of the canceled debt to you and the IRS on a Form 1099-C, Cancellation of Debt.
Seller Deficit and Mortgage Debt Relief Act of 2007 has been extended to 2012. To qualify for the tax exclusion of up to $2 million of debt forgiven or canceled by a mortgage lender on primary residences, the mortgage proceeds must have been used to buy, build, or make substantial improvements on the property. Both mortgage restructuring and foreclosure qualify.
Other things to know about 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.
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 but, on the downside, if the lender eventually sells the home for a price that doesn’t pay off the original mortgage amount, he can get a deficiency judgment and try to collect it from you.
There are several downfalls to a deed in lieu. As with short sales, you probably cannot get a deed in lieu if you have second or third mortgages, home equity loans, or tax liens against your property.
In addition, getting a lender to accept a deed in lieu of foreclosure is difficult these days. Many lenders want cash, not real estate -- especially if they own hundreds of other foreclosed properties.
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. HAFA alternatives are available to all HAMP-eligible borrowers who: 1) do not qualify for a Trial Period Plan; 2) do not successfully complete a Trial Period Plan; 3) miss at least two consecutive payment during a HAMP modification; or, 4) request a short sale or deed-in-lieu.
Prequalification & Preapproval Get prequalified, or get preapproved?
Questions and Answers About the Simplified Short Sale Process
Buying Foreclosures: Inspect Before You Buy
Chicago Tribune Real Estate, Wall Street Journal Real Estate, Washington Post Real Estate, Forbes Real Estate, Chicago Real Estate, City of Chicago, Real Estate News CNN
Watch Live TV, Fox News
Lake County Cook County DuPage County Will County - PIN, Property Tax Assessment Information by Address
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.
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
