With the holidays in full swing we are all attending various get togethers and it seems that when the conversation turns as it usually does, to real estate I get this question a lot.

Whether your are buying a home in Oswego, Naperville, Aurora IL or any of the other surrounding communities I can't give you a definite answer. What I can tell you is  that only you can make that decision.  Here are a few factors that may come into play in helping you make up your own mind:

1.  Have you been in your current position/job for several years?

2.  Has your industry stabilized in recent months?

3.  If you are in a union - has your contract been ratified for a few years so that you are not going on strike while in the process of buying your home?

4.  Have you checked your credit bureau report lately?  Do you know your current FICO score?

5.  Have you been current in all your bills including your student loans?

6.  Are your credit cards utilizing less than 50% of available credit limits?

7.  Have you outgrown your current home or neighborhood?

8.  Do you need to downsize from your current home?

9.  Have you spoken to a mortgage professional to see if you qualify for a mortgage loan?

10.  Do you have enough money for a down payment and closing costs?

 

Yes, currently we have a great amount of inventory in used and new homes.  Coupled with the lowest interest rates in decades you can afford a better home in a nicer neighborhood than several years ago.  No one can predict wether prices are going to go lower or if interest rates will start go up quicker than the homes prices go down.

But you can decide what the best time to buy is for you, your family and your pocketbook. When you do, give me a call and I will help you find the right home in the right neighborhood for you, at the right price for you!

 

IL – We had a short sale recently with a certain loan servicing company. The funny thing was that this loan servicer was hired by the owner of the loan to work on behalf of them.

In other words, the loan servicer was to look out for the loan owner’s best interest.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Processing and approving a short sale will usually avoid future losses on a mortgage. Boston Consulting Group recently did a study on the difference between a short sale and foreclosure.

They found that a short sale dramatically reduces future losses when compared to a foreclosure.

Here is a real life example: One lender rejected a 385k short sale offer. The home was foreclosed upon and put up for sale. It sold for $230,000. We estimate the owner of the loan, Fannie Mae, lost $182,000.

We have seen this happen over and over again with short sale offers. The loan servicers drag their feet on processing the short sale. The home is later foreclosed upon and sells for substantially less.

But, we had never seen a loan servicer work against their customer / client’s best interest. Until we saw a short sale approval letter come across our desk.

The loan servicer was asking for a $2,500 fee to be paid to them. If it wasn’t paid they wouldn’t approve the short sale. I was shocked. “Aren’t you required to work in your client’s best interest?”, I asked them.

The woman at the loan servicer replied, “Well, we checked it out with our legal department and the said it is ok.” I don’t really understand what she meant by “ok.”

This company is not working in their client’s behalf. The loan servicer actually has a fiduciary duty to do what is best for the owner of the loan. And putting a roadblock in the way of approving short sales isn’t doing what is best for their client.

So, what does this mean to you? In my opinion, it gives you a strong basis for a lawsuit against that loan servicing company if your loan modification or short sale isn’t approved because you won’t pay their fees.

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at evelyn4homes@aol.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail. If you prefer, then you can call me at 630-896-9999.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy.

Thanks for reading this, Evelyn Santiago.

Evelyn is a Real Estate Broker at Dynamic Real Estate Network, Inc..

Phone: 630-896-9999. evelyn4homes@aol.com.

View My homes for sale at www.dynamicbroker.com.

Evelyn Santiago specializes in loan modification assistance and short sales in Oswego Illinois. Oswego Loan Modification Help, Oswego Short Sales. Oswego Short Sale Realtor. Naperville Loan Modification Help, Naperville Short Sales, Naperville Short Sale Realtor. Aurora Loan Modification Help, Aurora Short Sales, Aurora Short Sale Realtor. Short Sale Realtor. IL Short Sales. Realtor.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Evelyn Santiago’s personal views and do not reflect the views of Dynamic Real Estate Network, Inc.. This information on Loan servicer demands a bribe from home buyer, or they won’t approve buyer’s short sale offer is provided as a courtesy to our viewers to help them make informed decisions.

IL – Most people think the person they mail their mortgage payment to every month is the owner of their loan. Not so.

In fact, most of the time, they are not the owner. As an example, 80% of all loans that Bank of America handles are not owned by Bank of America.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

The largest owners of US mortgages are two companies that some would allege are owned by Uncle Sam. They are Fannie Mae and Freddie Mac. They own an estimated 55-60% of all US Mortgages.

Another estimated 10-15% are insured by Uncle Sam as well, thru the FHA and VA loan guarantee programs. Another estimated 10-15% are owned by Wall Street Firms, Pension Funds, and other entities.

That means the company you mail your check to every month is essentially a hired gun. They are paid to collect payments, handle accounting and escrows, collect on delinquent accounts, and act as the front person for the owner of the loan.

They forward the money received to the lender, minus a small fee to themselves. This small fee on thousands of mortgages means they are paid very well. In fact, the business is so profitable that IBM Computers opened a subsidiary loan servicing company.

Now that I have laid the groundwork, let me explain how the loan servicing companies have worked against the loan owners best interest.

Acting as a servicer puts them close to the legal equivalent of a trustee. This means they can do whatever they want to, right?

No. Let me explain. See, a trustee has a fiduciary duty to whoever they represent. They are required to act in their client’s best interest.

If they do not do this, then they can be legally liable for any loss their loan owner incurs as a result of the trustee’s negligence. Just as real estate agents are required to act in their client’s best interest, loan servicers are also required to act in their client’s best interest.

Let’s say an agent listed a house and double sided it to a buyer for 200k. A 225k offer came in earlier, but the agent never presented it to the seller. Do you think the seller would be angry? Of course they would be.

Or, let’s say you managed an apartment community. You only had a leasing person on site one day a week. You did this to save money. As a result the apartment complex only leased half of their apartments for the next year.

You caused them to lose half of their year’s rents. Would that apartment manager be unhappy? You bet they would be. The loan servicers are doing the same thing.

Here are a few examples of them breaching their fiduciary duty to their clients.

Example #1: Not giving buyers an answer on a short sale within a reasonable time period. Loan servicers should help their investors recoup as much money as possible from short sales.

Example #2: Turning down loan mods that amortize at a higher value than what is netted on a short sale or thru REO. Let me explain in a little more detail.

A homeowner had a reduction in income and can’t afford his original mortgage payment. The borrower has a stable income and agrees to pay $1,000 a month for the next 30 years. $1,000 a month for 30 years, at a 6.5% interest rate will repay a $158,210 mortgage.

The loan servicer turns down the loan mod and forecloses. The house sells for $125,000 as an REO and the servicer nets $115,000. Did the loan owner lose money?

I think most people would agree that they did. Obviously there are other factors involved, but I think they would have done better if they had approved the homeowner’s offer.

Example #3: Not listing foreclosed properties quickly enough. I have witnessed several examples of banks foreclosing on a house and then taking 6 months to a year to put it up for sale.

As an example, there was a house foreclosed on September 9th, 2009. It was finally listed for sale 7 months later, in May 2010.

Say what you want, but waiting 7 months to put a property on the market is pathetic. If the mortgage holder had been an individual, do you think they would have listed the house a little faster than 7 months?

Thinking about a loan modification? Our Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy.

Thanks for reading this, Evelyn Santiago.

Evelyn is a Real Estate Broker at Dynamic Real Estate Network, Inc..

Phone: 630-896-9999. evelyn4homes@aol.com.

View My homes for sale at www.dynamicbroker.com.

Evelyn Santiago specializes in loan modification assistance and short sales in Oswego Illinois. Oswego Loan Modification Help, Oswego Short Sales. Oswego Short Sale Realtor. Naperville Loan Modification Help, Naperville Short Sales, Naperville Short Sale Realtor. Aurora Loan Modification Help, Aurora Short Sales, Aurora Short Sale Realtor. Short Sale Realtor. IL Short Sales. Realtor.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Evelyn Santiago’s personal views and do not reflect the views of Dynamic Real Estate Network, Inc.. This information on Short Sales: A Few Examples of Loan Servicers Not Doing Their Job is provided as a courtesy to our viewers to help them make informed decisions.

It's a cold crisp Saturday morning and I, along with several other people are patiently waiting for our cars at my favorite car repair company.  As a woman, cars are a mysterious animal.  I know enough to put gas in the tank and to make sure that the oil is changed every 3,000 miles as recommended by my mechanic.

I learned a long time ago that finding a good car mechanic is just as important as finding the right man to marry perhaps even more important.  As a Realtor, having a functioning car is more important than having the right business card. Finding an expert that you can trust whether getting your car repaired or finding a good realtor sometimes requires asking other people for recommendations.

Finding one that you can trust can be an issue for man or woman.  Despite thinking that all men know cars I now know that many are just as clueless as I am, perhaps even worse since in my youth I was able to change the oil on my 1979 Camaro but that is another story for another blog post.  If you live in the Aurora/Naperville area I highly recommend bringing your car to "Muffler & Brake Man" located at 17 S. Route 59th across from the Westfield Shopping Center, a.k.a. "Fox Valley Mall".  

This Saturday, the place was extremely busy with people bringing their cars in for oil changes, brake work and even a sunroof that was stuck in the open position which in this Midwest winter's 20 degree weather is not recommended.

 

 

 

Hitesh Patel, the owner, is personable and fair.  He will tell you what is wrong and how much it will cost you to repair it without any long delays.  His workers are quick and courteous.  It's not a fancy place but you know that the work will be done right and will be guaranteed.  I have been bringing my cars here for years and would not consider going anywhere else.

 

 

 

Call him 630-851-1212 and make an appointment for any major work and call ahead to make sure he can take care of your car since word of his good work is spreading fast and he can get very busy.  His hours are 8 to 6 Monday through Friday and Saturday 8 to 4 p.m.  

Tell him I sent you and you saw this blog on Active Rain! Remember, when you are looking for an expert in real estate you don't have to look far...just call me!

 

Attending NARdiGra was an amazing experience. New Orleans has been a favorite city of mine despite some unfortunate experiences tied to my visits in the past.

On my first trip I was only able to stay a day and half since I received a call that my father had passed away and I had to return back for the funeral. I was able to enjoy a wonderful breakfast at Antoines and headed back home. The hotel was lovely in the French Quarter and I vowed to return.

My 2nd trip was a gift for my 40th birthday from my close friends and unfortunately, I had a bad case of strep throat. I went to some marvelous restaurants, Commander’s Palace, Brennan’s, and others I can’t recall. I was unable to enjoy the food completely and was unable to stay up for the great music that the rest of the group went to but I toured the Garden District, French Quarter and enjoyed myself despite not feeling up to par. I vowed to return.

My 3rd trip was in 2006 when NAR was the 1st major convention to come back after Katrina. I volunteered that year and met some wonderful people with amazing spirit. My fellow Realtors gave of their time and physical ability and were glad to do it.

This, my 4th trip, also allowed me to give back and I did a volunteer day on Frenchman street with a great group of volunteers. It was hard to believe that 5 years have gone by. Although much has been done, there is so much to still be done. So many homes have not even been touched since Katrina and that really made me angry and sad.

How can we as American’s, have allowed this! We give to other countries and yet allow a city so full of history in our own country to be in this condition for so long. I know politics have played a big part in the effort to get New Orleans back but we should remember and continue to give our time and financial assistance.

I know that there are many more restaurants now then before Katrina. They have a wonderful football team that has helped bring the spirit back to New Orleans even stronger. The French Quarter is doing great, as I saw with tourists from all parts of the world, like the Australian that is staying in my hotel that was on a flight for 38 hours!

But there is more to New Orleans than the French Quarter and the Saints. American’s have to continue volunteering like us Realtors, the National Jewish Federation, Americorps, and Habitat for Humanity. Many other organizations have given time, money and labor to do some good besides the ones mentioned here. Celebrities such as Brad & Angelina (Make it Right), Harry Connick, Branford Marsailis & Habitat for Humanity – those involved in the Musicians Village, are the ones that we hear the most about but there are others that are doing great work such as Friends of New Orleans which is perfect for those that can’t come down to New Orleans and give a day of labor but can give monetary support.

NAR puts on a great show and provides terrific classes and the vendors were plentiful this year. I enjoyed both the classes I went to, the vendors and the celebrity concert (Earth,Wind & Fire). But I am glad that I was able to give some of my personal time back to those that really need our help – homeowners of New Orleans who pre-Katrina had over 80% ownership in the 9th Ward and where empty lots overgrown with weeds are still here 5 years later.

Whether you volunteer in New Orleans or in your Oswego, IL, giving back to the community that supports you is the best feeling that money can’t buy. Every little bit helps becaused the combined efforts of so many volunteers will eventually bring the Big Easy to its world class reputation, better than before Katrina and its history will continue to bring people from all over the country and the world to enjoy “Laisses Les Bon Temps Roulez or Let the Good Times Roll” again but even better than before.

If you are planning a trip to the Big Easy here is a great website to visit: www.nola.com

**Sorry pictures despite being saved with correct rotation reverted back.

Evelyn Santiago

Dynamic Real Estate Network, Inc.

It's a cold crisp Saturday morning and I, along with several other people are patiently waiting for our cars at my favorite car repair company.  As a woman, cars are a mysterious animal.  I know enough to put gas in the tank and to make sure that the oil is changed every 3,000 miles as recommended by my mechanic.

I learned a long time ago that finding a good car mechanic is just as important as finding the right man to marry perhaps even more important.  As a Realtor, having a functioning car is more important than having the right business card. Finding an expert that you can trust whether getting your car repaired or finding a good realtor sometimes requires asking other people for recommendations.

Finding one that you can trust can be an issue for man or woman.  Despite thinking that all men know cars I now know that many are just as clueless as I am, perhaps even worse since in my youth I was able to change the oil on my 1979 Camaro but that is another story for another blog post.  If you live in the Aurora/Naperville area I highly recommend bringing your car to "Muffler & Brake Man" located at 17 S. Route 59th across from the Westfield Shopping Center, a.k.a. "Fox Valley Mall".  

This Saturday, the place was extremely busy with people bringing their cars in for oil changes, brake work and even a sunroof that was stuck in the open position which in this Midwest winter's 20 degree weather is not recommended.

 

 

 

Hitesh Patel, the owner, is personable and fair.  He will tell you what is wrong and how much it will cost you to repair it without any long delays.  His workers are quick and courteous.  It's not a fancy place but you know that the work will be done right and will be guaranteed.  I have been bringing my cars here for years and would not consider going anywhere else.

 

 

 

Call him 630-851-1212 and make an appointment for any major work and call ahead to make sure he can take care of your car since word of his good work is spreading fast and he can get very busy.  His hours are 8 to 6 Monday through Friday and Saturday 8 to 4 p.m.  

Tell him I sent you and you saw this blog on Active Rain! Remember, when you are looking for an expert in real estate you don't have to look far...just call me!

 

Hey home shoppers, don't be left out in the cold.  Check out these great Black Friday deals!

Just reduced $8,000.00 - 3 bedroom, 2.5 bath with full basement, dog run, family room and eat in kitchen.  Large paver patio with large backyard backing up to small wooded area.  Located minutes from the Orchard Road exit of I-88 you can commute easily to the western suburbs or to Chicago's Loop!  With minimal repairs (paint, new carpets) and maybe a small update in the kitchen you can enjoy this lovely home and start 2011 in your own home.  Offered at $199,900!!

N. Aurora" src="http://activerain.com/image_store/uploads/8/4/7/8/3/ar129079730038748.jpg" height="200" alt="Exterior 1332 Oakland Cir., N. Aurora" width="300" style="margin-left: 2px; vertical-align: middle; margin-right: 2px;" />

 

 

 

 

If you have require a lot of room and privacy this Black Friday special may be perfect for you!  Located on two fenced in acres in Steger, IL - the home set back from the street this property is waiting for the right buyer.  The main house has 4 bedrooms and 3 bathrooms with a master bedroom floor that is unusually large.  The "guest" home has 2 bedroms, living room, & eat in kitchen and 1 bath.  There is a in ground pool and 8 person spa - plus a 3 car detached garage.  Located less than 1 hour from Chicago's Loop or aprx. 35 miles you can make this either your full time home or your weekend get away for less than the price of a 2 bedrom condo! Listed at $245,900

Home prices won't stay low for ever.  Interest rates will start inching up sooner than later.  Don't be looking back a few years from now and asking yourself.."Wish I had bought that house in....... look at the price today!" 

Take that first step and call me today and let's start working on getting you the right house, at the right price NOW!

Earlier this year I listed my neighbor’s home in Lakeview Estates in Oswego IL.  It was not the best way to get the listing since my neighbor had passed away and her daughter had given me the listing.  I knew that they wanted a quick sale but the home was in good condition albeit a bit outdated.  I priced it for today’s market and it’s current condition and was able to sell it with only 35 days on the market and close exactly 60 days after I listed it! 

It was priced right, so instead of having it sit around waiting for the perfect offer, the seller’s worked with the buyer’s to come to a mutually agreed on price.  Everyone was happy with the outcome and I have some great new neighbors!

Instead of having your home lingering on the market in Lakeview, chasing the market down and wastiing more time than necessary, price it right from the beginning and move on to the next chapter of your life faster.

Following is the current market report for Duplexes in Lakeview Estates and their market time.

      MLS #       Stat      Street # CP Str Name Sfx   LP/SP   # Rms   Beds  Prkg #        Market Time

 1 07415320 ACTV 412 Carriage Ct                $149,000    7       2    Garage 2.5        313

 2 07602780 ACTV 509 N Creekside Ct            $168,900     6      3    Garage 2.5       108

3 07660234 ACTV 511 Northgate Cir                $158,900    7      3    Garage 2.5         35

4 07550560 ACTV 527 Northgate Cir 1           $164,900     5     2    Garage 2.5        167

5 07677375 ACTV 437 Prairieview Dr            $174,500     6     3    Garage 2.5        111

6 07530723 ACTV 406 Prairieview Dr            $179,900      7     2    Garage 2.5       190

7 07397114 CLSD 505 Creekside Ct               $147,000 (S) 6    3     Garage 2.5      136

8 07548886 CLSD 558 Northgate Cir            $139,900 (F) 7    3     Garage 2.5          3

9 07625900 CLSD 564 Northgate Cir             $145,000      6    2     Garage 2.5       123

10 07442792 CLSD 411 Prairieview Dr          $154,500       6    2      Garage 2.5       35

11 07421050 CLSD 434 Prairieview Dr                 $170,500       7    3     Garage 2.5    152

12 07559452 FIN 529 Northgate Cir 529             $139,900       5    2     Garage 2.5     160

Copyright 2010 MRED LLC – INFORMATION NOT GUARANTEED, CHECK FLOOD INSURANCE, ROOM SIZES ROUNDED TO THE NEAREST FOOT

Prepared By: Evelyn Santiago – Dynamic Real Estate Network In 11/22/2010 06:58 PM

 

   MLS # Stat Street # CP Str Name Sfx  Area LP/SP   # Rms   Beds  Prkg # G/S Type SCI  Market Time

If you have lost your job, had your hours reduced, divorced, loss a partner, can’t rent your place, or have had a major illness and have fallen behind on your mortgage and were rejected for a loan modification you probably are not sleeping well through the night.

In fact you are getting calls several times a day from your mortgage servicer.  You are scared to answer your home phone and your cell.  Opening mail has become a dreaded event.  You hate to answer a knock on the door because it could be a summons server.

Despite your efforts you are unable to keep up with your mortgage, you have raided your savings, gotten a loan against your 401K, borrowed from family and friends and still have not been able to catch up or get your mortgage holder to help you out after months of submitting all the paperwork.

You have had it!  Your ready to give up and have the sheriff take your home!  Don’t do that!  YOU HAVE OPTIONS!

How?  As a Realtor(r) that specializes in short sales I can offer you my services for FREE!  You don’t pay me anything!  In fact, the majority of the time all your closing costs will be paid by your mortgage servicer/holder.  So how does this work?

If you have been denied a loan modification and are so far behind in your mortgage that in your heart you know you have to find an alternative it’s time to consider a short sale.  A “short sale” is when your mortgage holder will accept less than what you currently owe on your mortgage when the house is sold!  They normally will cover most normal closing costs including, realtor’s commission, attorney fee, transfer fee, and property taxes.

If you have the paperwork from your loan modification most of the work has been done for the short sale package.  You may have to update your bank statements, checkstubs and any other outdated documentation but you will have most of the required paperwork. 

So let me help you out by negotiating with your lender once we have an offer on your home.  It will be listed in our local multiple listing service and we will do all the work on marketing it to prospective buyers.  You will have to cooperate in showing your home and keeping it in showing condition to facilitate a quick sale.  If it’s your primary home the majority of your debt will not be subject to taxes due to the Mortgage Forgiveness Act but again you will need to verify with your tax consultant to make sure your particular circumstances qualify.

So, instead of sleepless nights, avoiding the ringing telephone and not answering your door….give me a call!  I have helped others in your situation to go on with their lives.  With a short sale you may qualify for another FHA loan within 2 years if you are past due in your payments and if you are current you may qualify  even sooner.

Don’t think this will go away unless you take that 1st step and call me.  Read about short sales on my short sale blog: http://oswegoshortsalerealtor.com/

IL – I am following up on a question from Arman. His loan was owned by Fannie Mae and the company handling the loan for Fannie Mae was rejecting an excellent short sale offer for no reason.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Here is a quick recap of what I recommended Arman do.

Step #1: Call up IBM and demand a written letter explaining why they are declining the short sale offer.

Step #2: Write down what you project your damages are going to be if the property is foreclosed upon instead of sold as a short sale.

Step #3: Call up the company handling the loan for Fannie Mae and tell them if they reject the short sale for no reason and the house is foreclosed, then you will be suing them for those specific damages you drew up in Step #2.

Here is the basis for a lawsuit. Fannie Mae is the owner of his loan. If the short sale offer is rejected, then the property will be foreclosed.

In most cases, foreclosed properties sell for 10-15% less than the short sale offer. I can show you countless examples of this happening.

The company handling his loan is not his “lender.” They were hired by Fannie Mae to collect payments and do what is in Fannie Mae’s best interest.

The basis for the lawsuit against this company is that they are not doing everything they can to help Fannie Mae net the most money from the property sale. As a result of them not doing their job, he will have a foreclosure on his record.

We all know that a foreclosure will be much more damaging to his credit history. He will have other damages as well. That will be the basis of his lawsuit.

When you get in front of a jury and show how this company’s negligence caused Fannie Mae to lose $15,000 (what I project they will lose) and that it hurt him as well, the jury will award damages in a heartbeat.

In tomorrow’s blog post I will detail the specific damages he might be able to ask to be compensated for by the lender.

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at evelyn4homes@aol.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail. If you prefer, then you can call me at 630-896-9999.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy.

Thanks for reading this, Evelyn Santiago.

Evelyn is a Real Estate Broker at Dynamic Real Estate Network, Inc..

Phone: 630-896-9999. evelyn4homes@aol.com.

View My homes for sale at www.dynamicbroker.com.

Evelyn Santiago specializes in loan modification assistance and short sales in Oswego Illinois. Oswego Loan Modification Help, Oswego Short Sales. Oswego Short Sale Realtor. Naperville Loan Modification Help, Naperville Short Sales, Naperville Short Sale Realtor. Aurora Loan Modification Help, Aurora Short Sales, Aurora Short Sale Realtor. Short Sale Realtor. IL Short Sales. Realtor.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Evelyn Santiago’s personal views and do not reflect the views of Dynamic Real Estate Network, Inc.. This information on Short Sales: Are homeowners able to sue their lender for damages after a foreclosure is provided as a courtesy to our viewers to help them make informed decisions.