"Due to the economy and housing market crash, my wife and I were deeply underwater in our mortgage. The fall in prices had even reduced our equity to the point we could not refinance. A friend recommended we call Monica Walsh, a realtor that specializes is Short Sales. After speaking with Monica and her team, we realized the best financial decision for our family was to short sell our home. We had heard many stories of how difficult and frustrating this process can be, but with the help of Monica and her team, the process could not have gone more smoothly.
We listed our home for sale in June, and closed on the short sale by November. Throughout the process, Monica kept us informed of each step and the status of our case. After filling out some paperwork, Monica and team did all the work for us. They told us exactly what to expect from our lender and helped us gather the needed information before the lender even asked.
We learned that, unlike foreclosure, a short sale only affects your credit for a few years at most, and now we are free of the incredible debt of an underwater mortgage. There is no charge for the service either, as the banks pays specialists like Monica to assist in the short sale process. We have already recommended Monica and her team to many of our friends that are in a similar situation.
P.S. - Thanks for your help, Monica. We are happy in our rental for now, and so glad that we went through with the short sale. It's a huge burden (financial and emotional) lifted off to be out from under the mortgage debt. We with you the best, and will continue to send people your way that are struggling with their mortgage."
"I am a 67 year old entrepreneur, who has had a very successful run over the years. My one exception was buying a 4 unit investment property in Chicago in 2006. To make matters worse, I went in partners with my son.
The bubble hit and the economy tanked. We were not immune and our investment was in trouble. We were able to keep afloat, however in 2012, without ability to refinance; we finally decided to utilize a short sale to get out from under our upside down mortgage. I am not from Chicago but did an online search, interviewed a number of agents and decided on Monica Walsh to represent us. It was the best decision I made. Monica is a true professional. Not only does she have tremendous knowledge about the short sale process, she also has a network and reputation that enabled her to bring in prospective buyers. We had an agreement of sale within one week with a qualified cash buyer. The short sale process is long and tedious. With every bump, Monica was there to help us through the process. Her compassion was great and when she needed to get firm with the buyer or their realtor, she was there representing us well. Being an absentee owner is difficult, but with Monica on our side we were in constant phone contact. I have worked with many professionals in my years of investing and I would gladly say that Monica is on the top of the list. I hold heartily recommend anyone looking for someone to represent them in a short sale or any other real estate matter, that they look no further than Monica Walsh."
"Without Monica Walsh as our real estate agent, we would still be in a grim home ownership situation. We owned a two-bedroom, two-bath condominium unit in a six-unit building. As parents of two children under the age of three, our housing needs changed quickly.
The market value of the unit was far below the mortgage balance, the lender was unresponsive and not willing to negotiate, and the neighborhood was declining. Additionally, 50% of the units in the building were rented, which made it difficult for a potential buyer to get financing without a substantial down payment. We presented our situation to Monica, who did not think twice about it, and immediately listed the property on the market.
Monica was far more positive about the outlook of the sale of our unit than we were. Almost immediately, Monica had at least two showings each week. Within a couple of months we had our first offer. To eliminate the potential problems with mortgage financing, Monica brought an all cash offer. When that offer fell through due to difficult negotiations with the lender, Monica produced another all cash offer within two weeks. We closed on the property approximately 60 days later.
Monica's approach to this difficult selling real estate market is unique. She is determined to meet the
needs of her clients regardless of the circumstances. Monica's relentless pursuit of finding solutions to overcome obstacles related to short sales is a refreshing change from other real estate agents who were not willing to take our property listing. Monica's experience in this market serves her well because her network of investors gave us confidence that we were going to find a buyer for our property. Monica's professionalism, optimism, and patience gave us the reassurance we needed to sell our unit. We are grateful and fortunate to have met Monica. We highly recommend Monica Walsh as one of the best people we have ever had the pleasure of working with."
"My mortgage had been underwater for years, and the situation had become unmanageable. I knew I would never recover my investment and my best hope was to stop the bleeding. I had talked to several realtors and gotten conflicting advice that left me with little confidence. Then I met Monica. For the first time, I felt like I was in competent hands. Unlike the other agents I talked to, Monica has a deep knowledge of the short sale market. The sale was a long, painful process because my bank was incredibly slow. But Monica quickly found me a buyer and kept them committed while helping me navigate the rocky short-sale terrain. She was calm and patient throughout and made me feel like I was always her top priority. We recently closed the transaction. Hopefully, I never have to do that again. But if I did, I'd call Monica."