Short sales? Why talk about short sales? I thought this was a blog about landlording. Well, short sales are becoming an increasing reality for some Illinois landlords. Regularly, I hear tales of woe from landlords living on the brink of foreclosure; landlords who need their tenants to keep paying rent in order to to keep them out of collections. When those tenants stop paying, the landlords fall behind. Oftentimes, landlords call me too late in the game – after the tenants are too far gone and will never catch back up and long after the system cannot compensate the landlord for the tenant’s failure to pay rent. From there, things spiral.
