60616 : Advice

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Seth Captain, Real Estate Pro in Chicago, IL
Seth Captain answered:
My landlord is walking away from his mortgage, how long until the bank forecloses and forces me to move out? how long do I continue to pay him?
This may qualify as more of a rant than a direct answer, but one that may help tenants make an informed decision should they find themselves in this situaiton.

Working with multi-fam ... more
0 votes Share Flag Sun May 18, 2014 Foreclosure in 60616
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
Where do I go for expert advice with purchase of a short sale/foreclosure?
The seller does not care what the price is. He just wants a contract so the 'process' can start and it can take 2-5mo before the bank is ready to decide IF they will accept the price. T ... more
0 votes Share Flag Sun May 18, 2014 Foreclosure in 60616
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
My landlord had stopped paying her mortgage, but I have been paying her every math, now the bank wants me to pay them what should I do?
You should not have been paying the landlord, but too late for that. You should check with an attorney, but almost all banks will offer you CASH 4 Keys.......pay you to move out so they ... more
0 votes Share Flag Sun May 18, 2014 Foreclosure in 60616
Daniel Mirea, Real Estate Pro in 60641
Daniel Mirea answered:
I am looking to start buy in the Hyde Park Area. I am looking for info on good brokers as well as agents.
Hyde Park is the way to go! Very good Place! I've been in business for 12 years. Give me a call!
0 votes Share Flag Thu Jan 16, 2014 Home Buying in 60616
Michele Wils…, Real Estate Pro in Lake Forest, IL
Michele Wilson answered:
Building a house on 2 RS-3 lot
you might need a zoning variance and an approved plan.
0 votes Share Flag Fri Sep 20, 2013 Remodel & Renovate in 60616
Xavier Durra…, Real Estate Pro in Chicago, IL
Xavier Durrant answered:
I LIVE IN S. Fl in a condo. I paid rent but my landlord signed a quit claim deed over to his step mother who passed away last Feb. I did not know this
Hello-
The laws in FL differ from IL. Honestly, consult a lawyer, they will be able to speak to your tenant rights.

Best of luck,
Xavier
0 votes Share Flag Thu Aug 22, 2013 Foreclosure in 60616
Xavier Durra…, Real Estate Pro in Chicago, IL
Xavier Durrant answered:
Is it a good time to buy a property in the 60616 and 60653 neighborhoods?
I can speak to 60616-South Loop
This neighborhood is ideal for those looking to stay close to the city, highrise condos, access to LSD, public transportation & amazing restaurants. Big ... more
1 vote Share Flag Mon Aug 19, 2013 Home Buying in 60616
Geralyn Hops…, Real Estate Pro in 60607
Geralyn Hopson answered:
what do you think the trend will be in the south loop in the next five years and have prices stoppped dropping in the area?
The South Loop boundaries are roughly Harrison on the North, 22nd Street on the South, Lake Michigan on the East and Halsted Street on the West. There has recently been some discussion ... more
0 votes Share Flag Thu Jul 25, 2013 Market Conditions in 60616
Le Ann Dunne, Real Estate Pro in Iowa City, IA
Le Ann Dunne answered:
Does anyone know about the "BRONZEVILLE LOFT" on 26th was before it was residential? And how is that neighborhood?
As REALTORS® we can not assist you in answering this question related to the neighborhood as per the ethical guidelines of our practice. I would highly recommend contacting your loca ... more
0 votes Share Flag Tue Jul 23, 2013 Home Buying in 60616
Santiago ken…, Real Estate Pro in Chicago, IL
Santiago kensel Sanchez - CDPE answered:
Can I rent out 4 physical units in a legal 2-unit apartment building?
Call the zoning department to Chicago .
Take a look at the records , when 4 legal units are listed for a listing agents that do foreclosures and they dont have info from the current ow ... more
0 votes Share Flag Thu Jul 4, 2013 Home Buying in 60616
Rekeia Willi…, Renter in Chicago, IL
Rekeia Williams answered:
I am moving to the Lake Meadows Apartments in a week. I am just curious to know if this is a good area and safe for two young girls to live?
I am approaching the end of my 1 year lease and this was an EXPERIENCE. I moved into Lake Meadows because I was impressed with the nice clean layout of the grounds and the perks such as ... more
0 votes Share Flag Tue Jun 25, 2013 In My Neighborhood in 60616
ILONA KOZIEL, Real Estate Pro in 60611
ILONA KOZIEL answered:
Paid $570,000 for 1500 sq ft 2 bed-2 bath-2 deeded prking spots in S. Loop - Will I ever break even?
I am a long time resident of South Loop and I have sold units in your building.
I find the views to be breathtaking!

Just as an update to your post, a bank owned unit # 2001 sold f ... more
0 votes Share Flag Thu Feb 14, 2013 Market Conditions in 60616
roommief, Other/Just Looking in Chicago, IL
roommief answered:
I moved to KY from Chicago for work. I owe $97K on mortgage and CMA showed property worth @ $30K! If I short sale how will this affect fiancés
How long ago was it? Actually, you may have claim from the bank as well. Go to any IRS office and ask for all 1099 statements since at that happened? If there is more than one bank f ... more
0 votes Share Flag Thu Sep 6, 2012 Home Selling in 60616
911 Home Ins…, Real Estate Pro in Grayslake, IL
911 Home Inspection Services answered:
First Time Homebuyer.
You can try clicking on "Find a Pro" to connect with a lender or an internet search like Lending Tree that put one lender against another to compete for your business. Doesn& ... more
0 votes Share Flag Wed Sep 1, 2010 Financing in 60616
Erikabyars, Other/Just Looking in Caballo, NM
Erikabyars answered:
Need help finding fha approved condos.
only database in US that provides instant FHA eligibility by address only. instantly. They update their info daily...more accurate than HUD! no excuse for a deal to fall apart ever agai ... more
1 vote Share Flag Thu Aug 5, 2010 Home Buying in 60616
Felicia Bell, Real Estate Pro in Chicago, IL
Felicia Bell answered:
Sell or Rent? Take a loss in Chicago's market vs. renting out for 1 year in hopes of a brighter tomorrow?
Dear Elisa,

As REALTORS, our job is to provide you with the data and analysis to help you make the best decision possible. So here's a bit of market information regarding Oakla ... more
1 vote Share Flag Thu Aug 5, 2010 Market Conditions in 60616
Matt Laricy, Real Estate Pro in Near North Side, Chi...
Matt Laricy answered:
Terrazio pricing trend
I would stay away from any new contruction/conversion right now. There is going to be a lot of price cuts, and developer closeouts. This could be very dangerous for you. You dont want t ... more
0 votes Share Flag Mon Jul 12, 2010 Market Conditions in 60616
Ken Dooley C…, Real Estate Pro in Chicago, IL
Ken Dooley CIPS, ABR, TRC answered:
How to buy a foreclosure when being a foreigner?
Artimana98,

The first step if you're not in a position to pay cash is to connect with a lender that specializes in lending to foreign buyers. Expect to put down at least 30% of the p ... more
0 votes Share Flag Tue Jun 30, 2009 Foreclosure in 60616
Carolina C., Home Seller in 60616
Carolina C. asked:
HOME MODIFICATION LOANS How are home modification loan approvals determined? What qualifies you? We have applied since Decmber and been advised that we dont qualifiy. The mortgage company doesnt provide a reason…
0 votes Share Flag Tue Jun 16, 2009 Financing in 60616
Ken Dooley C…, Real Estate Pro in Chicago, IL
Ken Dooley CIPS, ABR, TRC answered:
South Loop, Chicago property investment
Hi Louise,

In addition to checking with Robert, you should connect with any of the Realtors that have answered your questions to date. All very competent, professional and only too w ... more
0 votes Share Flag Mon Jan 26, 2009 Market Conditions in 60616
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