What Is A Short Sale? The term “short sale” refers to a type of real estate transaction wherein lenders with security interests in a piece of real property mutually agree to release the liens on the property in exchange for less than what is owed by the borrower/seller. The “short” part of the terms refers… Read More
The Slater Law Group’s Real Estate Blog
Real Estate Flipping-What Is it?
In a sign of economic rebound from the troubled foreclosure economy, flipping houses is back in the Chicago real estate market. Many real estate investors are making money off of the practice, one that nearly disappeared during the real estate bust of the previous few years. What is Real Estate Flipping? The practice of flipping… Read More