Foreclosure in Berwyn : Advice

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Bubbles, Home Buyer in Berwyn, IL
Bubbles asked:
lowering mortgage payments if bank denies modification wont extending the years on your mortgage to 40 yrs then 30 help? or how low can a bank lower the interest rate on your mortgage?i wonder do banks really want…
0 votes Share Flag Thu Aug 2, 2012 Foreclosure in 60402
Jim Simms, Real Estate Pro in Louisville, KY
Jim Simms answered:
wont lowering interest rate down to 2% help to make mortgage payment?
Two years and counting, but I don’t see that you have ever actually listed your home for sale,

Jim Simms
NMLS # 6395
JSimms@cmcloans.com
Financing Kentucky One Home at a T ... more
0 votes Share Flag Mon Jul 2, 2012 Foreclosure in 60402
Jeffrey Kami…, Real Estate Pro in La Grange, IL
The state of Illinois recently implemented a new program in an attempt to reduce the number of vacant homes in six Cook County cities including Berwyn and Maywood.  The Illinois Building Blocks Pilot… Read more
Blogged Tue Mar 6, 2012 by Jeffrey Kaminski Home Buying Financing Foreclosure
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John Potter, Real Estate Pro in Cook County, IL
John Potter answered:
can't afford house.
The owner decides short sale yet the bank must approve and may not. A bank forecloses and they decide to sue the owner for non payment of mortgage. The owner decided not to pay mortga ... more
0 votes Share Flag Mon Feb 20, 2012 Foreclosure in 60402
Bob Movin-On, Real Estate Pro in Hartford, CT
Bob Movin-On answered:
forclosure
Until the house forecloses and the bank takes tittle, the person currently holding the title owns the home and they can do what ever they please. If the bank has taking possession then ... more
0 votes Share Flag Mon Dec 12, 2011 Foreclosure in Berwyn
Shanna Rogers, Real Estate Pro in Murrieta, CA
Shanna Rogers answered:
When loan Modification Denied.?
Hi Bubbles,

Contact your lender(s) again and ask them if you could possibly do a Short Sale. Also, contact a local Realtor to start the process of a Short Sale as soon as possible ( ... more
0 votes Share Flag Fri Dec 2, 2011 Foreclosure in Berwyn
Alex Pereira, Real Estate Pro in Livonia, MI
Alex Pereira answered:
Forbearence plans are they good or not?
all a forbearance is going to do is allow you to skip or make partial payments for a couple of months and tack the balance to the end of the mortgage. It is meant only as a short term r ... more
0 votes Share Flag Fri Sep 30, 2011 Foreclosure in Berwyn
Christine Mo…, Real Estate Pro in Oak Brook, IL
More HAFA changes made March 26, 2010 that will allow underwater homeowners paying more on their mortgage than the home is worth, to recieve relief. Homeowners that cannot pay their mortgage note due… Read more
Blogged Sat Mar 27, 2010 by Christine Moscinski Foreclosure
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J R, Real Estate Pro in New York, NY
J R answered:
hello i am sell my house and i want to take the appliances that we gottin when we bought the house, when we
What is it that you plan on doing with the appliances that you remove? Does the house you're moving into have no appliances?
0 votes Share Flag Fri Jun 19, 2009 Foreclosure in Berwyn
Laura Karamb…, Real Estate Pro in Downers Grove, IL
Laura Karambelas answered:
Who is the agent of the House that is in Forclosure Berwyn,IL the cost is $20,000,how can I Contect the agent?
Hi Melesio-

If you provide an address we should be able to help you. When I looked through our MLS, the least expensive house that is listed is $38,900 on Cuyler. The home you are ... more
0 votes Share Flag Wed May 27, 2009 Foreclosure in Berwyn
Christine Mo…, Real Estate Pro in Oak Brook, IL
Christine Moscinski answered:
have been qualified for a fha loan is it necessary to also have a down payment
1) You can get a gift downpayment from family.
2) Seller can contribute up to 6% to your downpayment
3) Nehemiah downpayment, no-repayment - Seller signs contribution document. find ... more
0 votes Share Flag Sat Feb 28, 2009 Foreclosure in Berwyn
Dana Schuster, Real Estate Pro in 70458
Dana Schuster answered:
2 UNIT PROPERTY WITH OUT APPLIANCES IN EITHER UNIT ,,, DOES IT QUALIFY FOR AN FHA LOAN
Unless you are applying for a 203K(construction/repair) loan the property has to be in liveable condition. It is not liveable if there are no appliances.
0 votes Share Flag Sun Jan 11, 2009 Foreclosure in Berwyn
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