Home Buying in Island Lake : Real Estate Advice

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Mmjackson0988, Home Buyer in Chicago, IL
Mmjackson0988 asked:
Time frame to hear the investors approval or disapproval? The house my husband and I are trying to buy was first listed as a short sale in March. Someone made an offer, started the whole process, got to August, the bank requested more money and…
0 votes Share Flag Tue Nov 4, 2014 Home Buying in Island Lake
Peggy S Baker, Real Estate Pro in Barrington, IL
Peggy S Baker answered:
Who pays for HUD insured escrow and who finds the contractor, the buyer or the Lender.?
Seller is going to pay closing costs in most cases. There are many qualified and insured contractors in this area. If there is a specific home you are inquirring about please feel fre ... more
0 votes Share Flag Fri Jun 7, 2013 Home Buying in 60042
John Walin, Real Estate Pro in Libertyville, IL
John Walin answered:
Does a bank favor a cash bid or not over a loan?
I disagree that cash is so much better for the bank than cash cash closing. You don't get a cash discount for paying cash or more precisely for waiving the mortgage contingency. Its a ... more
1 vote Share Flag Sat Apr 28, 2012 Home Buying in Island Lake
John Walin, Real Estate Pro in Libertyville, IL
John Walin answered:
Can a bank pull out on the day of signing?
If the title policy and deed work is not cleared, they cannot close until chain of title and avidavid to allow the sale transfer to you Maybe its a robo signing problem. ask the bank ... more
0 votes Share Flag Sat Apr 28, 2012 Home Buying in Island Lake
John Walin, Real Estate Pro in Libertyville, IL
John Walin answered:
Verbally Accepted offer on a bank owned property taking two months to get the contract.
Ranj is right again! Chain of title on foreclosures is often the problem and most likely your lender wont like the conditional title policy offered by the seller right now. I say move ... more
1 vote Share Flag Fri Sep 16, 2011 Home Buying in Island Lake
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