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Regina Zak Tomas

Office: (773) 520-1522
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Skokie Short Sale Realtor


Short Sale in Skokie, Skokie Short Sale Expert, Skokie Short Sales Realtor, Broker, Condos For Sale In Skokie, Skokie Foreclosure, Skokie Townhouses, Short Sale Condo in Skokie, Homes for Short Sale In Skokie.

I am a Real Estate Agent Who Specializes in Representing The Sellers in Short Sale Transaction in Skokie, Pre Foreclosure, Purchasing Real Estate in Skokie, Selling Homes in Skokie, Skokie Real Estate Property, Skokie Residential Real Estate, Skokie IL Foreclosure and more.





As a Licensed Real Estate Broker
with over 25 years of experience
Certified Distressed Property Expert
Certified Loan Originator
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!

Foreclosure is NOT the only option!

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



If you want to avoid foreclosure and keep your home, your first step is to call your lender! If you are having difficulty paying your mortgage on time, it's important to act now before things get so bad that you are facing foreclosure. In a situation where you want to sell your house, but it is at risk for foreclosure, your best option is short sale.  

 A short sale is a way to avoid foreclosure! It's very common in today's depressed real estate market for home sellers to receive offers that are less than the amount owed to the lender. A short sale is when a bank is willing to sell for less than what is owed.


My name is Regina Zak Tomas. I am a Licensed Real Estate Broker with over 25 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.  





Priced to sell!!!  Award winning school district 73.5. Just minutes from Edens x-way and Lincolnwood mall. Spacious  3 bds, 2.1 bath, duplexed condo. Main level- 3 bds, 1.1 bath, eat-in kit, hardwood floor  under carpet - first  fl. Lower level- private entrance!!! Huge recreation room, full bath, washer & dryer in utility room. The best value in the area. Skokie Short Sale , sold as-is.


A great opportunity!!! Totally updated brick ranch features 3 bedrooms, 2 baths. Beautiful hardwood floors, kitchen has breakfast bar and newer appliances, gorgeous granite & tile bath w/whirlpool, finished basement has side entrance, family room, laundry/summer kitchen, full bath, plenty of storage, deck, 2 car garage plus extra parking space for 2 cars. A must see!!! Short Sale!!


Picture of condo - short sale in Chicago Condo Short Sale - Skokie. Skokie Downtown, Close To Lorel Park. Cover Parking Space!



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 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'.

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!

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.
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.

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 in Skokie IL and for more information, or if you have any questions about listing and selling your short sale property in Skokie for free!
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 any other closing costs.
Skokie, Illinois - Simply list and sell your short sale property for free!

But I'm not only a short sale specialist. I also work as a listing real estate agent and Realtor who works with many types of transactions. So don't hesitate to call me for any questions you have. 773-520-1522
Professional real estate services for buyers and sellers, Skokie, Illinois 


VIEW MY LISTINGS Here are some great properties that I would like to bring to your attention. Please see these select homes offered by me for sale.



REGINA ZAK TOMAS, 773-520-1522, Re/Max City

I do not use other agents, teams, or assistants. Each of my clients is treated personally and with professional care, which combined with over 25 years of experience and collected certificates, causes former clients to eagerly return to me for business and to recommend me to their friends.


If you have any questions, don't hesitate to contact me! Because sometimes emails don't go through, so it might be better to call me at 773-520-1522.  


Household Population in Skokie, IL
The household population number in Skokie was 62,209.

Group Quarters Population in Skokie, IL
Group Quarters population in the community was 1,139.

Average Household Size in Skokie, IL
The average household size in Skokie is 2.68 (The average household size in the United States is 2.59).

Average Family Size
The average family size in the community is 3.2 (The average family size in the United States is 3.14).



Total Housing Units in Skokie, IL
At the time of the last census survey, there were 23,702 total housing units in Skokie.

The number of occupied housing units was 23,223, or 98 of the total units in town. Of these, 17,472 were owner-occupied (75.2), and 5,751 were renter-occupied (24.8, compared to the national average of 33.80%). There were also 479 vacant homes in Skokie at the time of the last complete survey.

Median Home Values in Skokie, Illinois
The total number of single family, owner occupied homes in the community was 13,835, with a median value in dollars of 217,500.

Monthly Owner Costs in Skokie, IL
For homes with a mortgage, average monthly owner costs were $1,556 (national average was $1,088). For homes without a mortgage in Skokie, average costs per month were $458 (national average was $295).



High School Graduate or higher
At the time of the last survey, 38,697 people in the community had a high school degree, or 87.4 of the population (compared to the national average of 80.40%).

Bachelor's Degree or Higher in Skokie, Illinois
18,851 people in Skokie also had a Bachelor’s degree or higher, which represented 42.6 of the total population (National average was 24.40%).



Civilian Veterans in Skokie, IL
The number of Civilian Veterans in Skokie was 4,405, or 9 percent of the total population (National average is 12.70%).

Disability Status in Skokie, IL
In 2000, there were 10,870 people in Skokie, IL listed as disabled.

Foreign Born in Skokie, IL
At the time of the last complete survey, there were 27,183 people in Skokie who spoke a language other than English at home. This represented 45.2 of the total population, compared to the national average of 17.90%.



Percentage In Labor Force in Skokie, Illinois
There were 31,345 in the labor force in Skokie at the time of the last complete survey. This represented 61.8 of the total population, compared to the national average of 63.90%. Mean Travel Time to Work in minutes
From the most recent complete survey, the average commute time to work for local residents in Skokie was 28.7 minutes, compared to the national average of 25.5 minutes.

Median Household Income in Skokie, IL
The median household income in the community at the time of the last survey was $57,375. The median household income in the U.S. was $41,994.

Median Family Income in Skokie, IL
In the last complete census survey, the median family income in the community was $68,253. Median family income in the U.S. was 50,046.

Per Capita Income in Skokie, Illinois
Per capita income in Skokie in the last full census was 27,136. Per capita income in the U.S. was 21,587.

Families below poverty level
According to the most recent survey,families living below the poverty line in Skokie numbered 710, or 4.2 percent of the population. The percentage of families in America living below the poverty line was 9.20%.

Individuals below the poverty level in Skokie, IL
Individuals living below the poverty line in the community was 3,380, or 5.4 percent . The percentage of individuals living beneath the poverty level in the country was 12.40%.


      The Village of Skokie has a total area is 10.0 square miles (26.0 km²), all land. The village is bordered by Evanston, Chicago, Lincolnwood, Niles, Morton Grove, Glenview, and Wilmette.

The village's street circulation is a standard street-grid pattern, with major east-west thoroughfare every half-mile: Old Orchard Road, Golf Road, Church Street, Dempster Street, Main Street, Oakton Street, Howard Street, and Touhy Avenue. The major north-south thoroughfares are Skokie Boulevard, Crawford Avenue, and McCormick Boulevard; the major diagonal streets are Lincoln Avenue, Niles Center Road, East Prairie Road and Gross Point Road.

Skokie's north-south streets continue the street names and (house number) grid values of Chicago's north-south streets — with the notable exceptions of Cicero Avenue, which is renamed Skokie Boulevard in Skokie, and Chicago's Pulaski Road retains its original Chicago City name, Crawford Avenue. The east-west streets continue Evanston's street names, but with Chicago grid values, such that, Evanston's Dempster Street is 8800 north, in Skokie addresses.

Parks, recreation and attractions

The Skokie Park District maintains public spaces and historical sites within its more than 240 acres (0.97 km2) of parkland and in its ten facilities. The district is a recent winner of the national "Gold Medal for Excellence" in parks and recreation management. Every May since 1991, the park district hosts the Skokie Festival of Cultures to celebrate the village's diverse ethnic composition.

Skokie also has a sculpture garden that is situated between Dempster Street and Touhy Avenue on the East side of McCormick Blvd. Just north of the sculpture garden is a statue to Mahatma Gandhi with five of his famous quotations engraved around the base. This was dedicated on October 2, 2004.

In addition to municipally-managed public spaces, the Village is also home to the state of the art North Shore Center for the Performing Arts, encompassing Centre East, Northlight Theatre and the Skokie Valley Symphony Orchestra. The facility celebrated its 10th anniversary in 2006.

The Illinois Holocaust Museum and Education Center opened in Skokie on April 19, 2009.


On October 7, 2008, Skokie Public Library received the 2008 National Medal for Museum and Library Service from First Lady Laura Bush in a ceremony at the White House. The National Medal is awarded annually by the federal Institute of Museum and Library Services, the primary source of federal support for the nation's 122,000 libraries and 17,500 museums, to 5 libraries and 5 museums. The library's cultural programming and multilingual services were cited in the award presentation. Skokie Public Library is the first public library in Illinois to be awarded the medal.

Public transport

The Chicago Transit Authority's Yellow Line rapid transit train (formerly the Skokie Swift) has its terminus at the Dempster Street station in Skokie. Currently, construction has begun to build a new Yellow Line train station at Oakton Street, to serve downtown Skokie and environs. It is slated to open in 2011. Additionally, the CTA is commissioning an Alternative Analysis Study on the extension of the Yellow Line terminal to Old Orchard Road for Federal Transit Administration New Start grants. The New Starts program allows federal funds to be used for capital projects provided all solutions for a given problem (i.e., enabling easy transportation for reverse commuters to Old Orchard Mall) is considered. The solution recommended by the CTA is the elevation of the Yellow Line north of Searle Parkway to a rebuilt Dempster Street station, then following abandoned Union Pacific Railroad tracks and the east side of the Edens Expressway to a new terminal south of Old Orchard Road. Currently this solution needs to undergo public commenting as well as FTA and CTA board approval to continue.

Although the Yellow Line is the principal, and fastest transport to and from the city, the Village also is served with CTA and PACE bus routes, as well as a Greyhound Bus Terminal at the Dempster Street train station. For automobile transport, Interstate 94, the Edens Expressway, traverses western Skokie, with interchanges at Touhy Avenue, Dempster Street, and Old Orchard Road.,_Illinois


Skokie Public School Info                              Skokie Public Library Home Page

Skokie Private School Info                            Skokie Detailed Profile

Skokie Data and Census Information         Skokie IL Zip Code

Cemeteries in the Skokie, IL area               Village of Skokie, IL                              

Skokie Illinois community website              Skokie Park District

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