When your home is worth less than what you owe, staying put often just makes things worse. A short sale lets you sell for current market value, negotiate with your lender, and move forward, without a foreclosure on your record. We know this process inside and out.
Every homeowner who calls us says the same thing: they wish they'd called sooner. Whatever you're facing, HAP has helped families through it, right here in Chicago.
I needed to sell fast and wasn't sure I had any leverage. HAP negotiated a higher price than I thought was possible and made the whole process easy and hassle-free. They delivered.
Not sure if a short sale is right for you? That's exactly what we're here to figure out together. Share your situation and we'll give you an honest assessment, no pressure, no commitment.
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A short sale is when your lender agrees to accept less than the full mortgage balance as payment in full. It's an alternative to foreclosure when you owe more than your home is worth and can demonstrate financial hardship.
Not always. Whether you owe a deficiency depends on your lender and the terms negotiated. HAP works to have the deficiency waived as part of the short sale approval. We recommend consulting a real estate attorney before proceeding.
Short sales typically take 2–6 months from listing to closing, primarily due to lender review time. We manage the timeline and keep you updated throughout. Starting early gives us the most flexibility.
A short sale typically causes less credit damage than a completed foreclosure. The exact impact varies based on your lender's reporting. We recommend speaking with a credit counselor alongside our process for a complete picture.