Foreclosure in Cook County : Advice

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Bob Brandt R…, Real Estate Pro in Schaumburg, IL
Call me and I will reserve a copy.It may save you a lot of money and time.Bob Brandt  ABR, CDPE  Re/Max Suburban 2311 W. Schaumburg Rd. Schaumburg,IL. 60194 Office Phone 847-985-7050Direct Line    … Read more
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Mark Malave,…, Real Estate Pro in 60626
It is now December, or as I like to call it. "Investor Season". Now is the time to go out and buy a great investment property and save some money. While this is a low inventory time of year, due to the… Read more
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Nick Tabick, Real Estate Pro in Schaumburg, IL
Q: Can a Home Be Sold for Less Than Its Mortgage?A: Sometimes. But it is a complicated process and a lot will depend on the lender. This process is called a “short sale,” which occurs when a lender… Read more
Blogged Thu Nov 6, 2014 by Nick Tabick Home Buying Foreclosure Property Q&A
Mike Opyd, Real Estate Pro in Near North Side, Chi...
Mike Opyd answered:
If you are a distressed homeowner, would you rather look at homes to rent or homes to rent to own?
I know this is an old question but rent to own homes really dont exist, stick with rentals.
0 votes Share Flag Wed Nov 5, 2014 Foreclosure in Chicago
Bob Brandt R…, Real Estate Pro in Schaumburg, IL
Would you like to live on a park, forest preserve, pond or lake?There is always a plentiful supply of homes, townhomes and condos with water views and frontage.I just looked up a few nearby towns and I… Read more
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Bob Brandt R…, Real Estate Pro in Schaumburg, IL
Now would be a good time to be out looking for the right home, as prices have dipped and inventory has increased. There are lots of regular home sellers and banks selling foreclosures. The ones that need… Read more
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Karen Breen…, Real Estate Pro in Chicago, IL
In September, the number of properties that received a foreclosure filing in Chicago was 2% higher than the previous month and 19% lower than the same time last year, according to RealtyTrac.com.Chicago… Read more
Blogged Fri Oct 31, 2014 by Karen Breen Elia, ABR, CRS General Area Market Conditions Foreclosure
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Mack Alsaidi, Real Estate Pro in 60201
Mack Alsaidi answered:
how many bedrooms and baths?
It's tough to tell without a property address.
0 votes Share Flag Mon Oct 27, 2014 Foreclosure in Clearing
Matt Laricy, Real Estate Pro in Near North Side, Chi...
Matt Laricy answered:
as the seller in illinois I can't afford the transfer fee in a bank owned short sale. What can I do?
If its a short sale, the bank covers your closing statements.
0 votes Share Flag Wed Oct 15, 2014 Foreclosure in Chicago
Matt Laricy, Real Estate Pro in Near North Side, Chi...
Matt Laricy answered:
Renting a house and there was a judgement of foreclosure and a auction sale date which is next month. the landlord tells me she is selling can she?
She can sell and if she gets extensions, its very well she is correct. I would still contact my attorney to make sure.
0 votes Share Flag Wed Oct 15, 2014 Foreclosure in Chicago
Annette Lawr…, Real Estate Pro in Palm Harbor, FL
Annette Lawrence answered:
Buying a Freddie Mac property, - there's a FM owned I've found should I offer the full amount? what kind of offer should I make?
Question posted Dec 2010

Knowing what to offer requires identifying the strategy being used by the selling broker.
Some strategies start low and sell in 30 days.
Others start high ... more
0 votes Share Flag Fri Oct 10, 2014 Foreclosure in 60602
Terry  Perdue, Real Estate Pro in Chicago, IL
Terry Perdue answered:
Will Freddie Mac accept a home sale contingent contract?
You can request a blank Freddie Mac addendum and read it. I know that on the Freddie Mac offers that I've submitted they will upon acceptance have the buyer acknowledge their addendum t ... more
0 votes Share Flag Fri Oct 10, 2014 Foreclosure in 60602
Dan Tabit, Real Estate Pro in Sammamish, WA
Dan Tabit answered:
as the seller in illinois I can't afford the transfer fee in a bank owned short sale. What can I do?
Moissant,
The $3k should be yours, the bank generally pays all the other fees associated with closing your short sale. Ask Escrow for a breakdown. Chances are they paid your agent, ... more
0 votes Share Flag Wed Oct 8, 2014 Foreclosure in 60169
Todd Shissler, Real Estate Pro in Chicago, IL
Todd Shissler answered:
S Wells St #1239 is it for sale for $50150 thanks
You should always talk with a realtor and verify what you see in Trulia or Zillow. The MLS should be the only trusted source for information.
0 votes Share Flag Tue Oct 7, 2014 Foreclosure in Loop
Thomas Moser, Real Estate Pro in East Northport, NY
Thomas Moser answered:
Is there any hope of me keeping my home if I am 5 months behind in my monthly payments? I am a senior citizen.
You really need to consult an attorney about this very important matter. Best of luck t you.
0 votes Share Flag Mon Oct 6, 2014 Foreclosure in 60643
John Meyers, Real Estate Pro in Park Ridge, IL
Income properties have consistently proven to be excellent long-term real estate investments. Where else will renters buy your real estate investment for you within 10 years? – For example, if you purchase… Read more
Blogged Mon Oct 6, 2014 by John Meyers Foreclosure Rentals Investment Properties
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Karen Breen…, Real Estate Pro in Chicago, IL
In August, the number of properties that received a foreclosure filing in Chicago, IL was 2% lower than the previous month and 14% lower than the same time last year, according to RealtyTrac.com.Chicago… Read more
Blogged Thu Oct 2, 2014 by Karen Breen Elia, ABR, CRS General Area Market Conditions Foreclosure
Mario Greco, Real Estate Pro in Chicago, IL
Foreclosures and short sales continue to be a problem in the Chicago area, according to a recent story by Crain's Chicago Business . According to the story, Illinois in July had the country's fifth-highest… Read more
Blogged Thu Sep 25, 2014 by Mario Greco General Area Market Conditions Foreclosure
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Goran Utvic, Real Estate Pro in 60634
http://www.chicagorealestatereader.com/new-rehab-loan/ Attention First Time Home Buyers and Investors...there is a new rehab loan program recently launched by Fannie Mae that allows you to purchase a… Read more
Blogged Wed Sep 24, 2014 by Goran Utvic Home Buying Foreclosure Investment Properties
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