ESTATE PLANNING BLOG

Bradford Miller Law, P.C. focuses on real estate law, landlord tenant law and estate planning. This is the estate planning blog. If you are interested in reading about landlord tenant law, visit that blog at http://chicagoltlaw.blogspot.com/. If you are interested in real estate law, visit http://chicagorealestatelawyers.blogspot.com/. The law firm's main website is www.bradfordmillerlaw.com.



This blog will focus on estate planning. If you are in need of an estate plan, call Attorney Bradford Miller at 312-238-9298 for a free consultation. Located at 10 S. LaSalle, Suite 2920, Chicago, IL 60603.

Wednesday, March 21, 2018

What to do with your parents home when they go to a nursing home:

We've received plenty of phone calls from adult children who need to sell their parents home and move them into a nursing home. However, a lot of times the house is not paid off and there is still money due and owing on the mortgage. For example, one person wanted to sell their mother's house she was living in but she owed $120,000 on her mortgage and her house was only worth $95,000 at best.  They did not have the difference to make up the loss.

A short sale will allow someone to sell their house for less than what is owed if they qualify.  To qualify, a person needs a hardship.  For most people their hardship is a loss of income or increased expenses. In a case such as this, a short sale would be the best option.

If you need to sell your home but owe more than it is worth, give my office a call to go over your options.  The call is free and if you end up doing a short sale our legal representation is free.


Posted by Bradford Miller Law, P.C.
A Law Firm Dedicated To Real Estate Law, Landlord Tenant Law, and Estate Planning
10 S. LaSalle, Suite 2920
Chicago, IL 60603
312-238-9298

Offering free legal representation to homeowners seeking a short sale

Key words: Chicago short sale attorney, Chicago landlord tenant law attorney, Chicago estate planning attorney, Chicago real estate attorney, Chicago real estate lawyer, Chicago building code violations, short sale attorney Chicago. This is intended to be advertising.  Please consult with an attorney before acting on any information given here.

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