Is This Bank Breaking The Law On Chicago Short Sales?

Is This Bank Breaking The Law On Chicago Short Sales?

Posted on March 19th, 2012 in All Articles.

Chicago IL – One large, national bank requires that all home buyers trying to buy a short sale give them their credit information before they make an offer on the house.

They are asking for the buyer’s social security number and pulling their credit report. Why are they doing this? But, more importantly is it legal?

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

I know that pulling anyone’s credit report without their permission is against the law. If you think that a short sale lender has pulled your credit without your permission, then you should file a complaint.

They are breaking the law and they should face the full repercussions for their actions. I think it is a dishonest way to do business. Banks don’t request this information when they are selling a bank owned property. And, most home sellers don’t ask for that information either.

But, apparently this bank does not think there is anything wrong with breaking the law. It just makes you wonder how many other laws the banks are breaking. Thinking about a short sale? Visit your Chicago short sale expert at for more information on short sales and how they work.

I can help you short sale your property and get back on your feet. Send me an e-mail at I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (312) 953-6725

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

Thinking about a loan modification? Our Chicago loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Phil Buoscio.

Phil is a Real Estate Agent at Better Living Realty – Buoscio Brokerage, Inc.. Chicago Short Sales Realtor:

Phone: (312) 953-6725.

View My homes for sale at Or my short sales at

Phil Buoscio specializes in loan modifications and short sales in Chicago Illinois. Chicago Loan Modification Help. Chicago Short Sales. Chicago Short Sale Realtor. Chicago IL Short Sales. Chicago Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Phil Buoscio, Better Living Realty – Buoscio Brokerage, Inc., and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

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.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Phil’s personal views and do not reflect the views of Better Living Realty – Buoscio Brokerage, Inc..

This information on Is This Bank Breaking The Law On Chicago Short Sales? is provided as a courtesy to our viewers to help them make informed decisions.