Foreclosure in North Aurora : Real Estate Advice

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Bob Brandt, Real Estate Pro in Schaumburg, IL
Bob Brandt answered:
Bank owned property not winterized right in townhouse and floods neighbor in another townhouse
This happens sometimes even without a foreclosure or bad winterizing and is one reason to consider a separate home, if that is an option.
0 votes Share Flag Sun Aug 16, 2015 Foreclosure in 60542
John Burke, Real Estate Pro in Austin, TX
John Burke answered:
My mortgage was fully discharged a year ago in US bankruptcy. I am still in this house and was just notified PennyMac is just now starting foreclsour
Hi Donnarobie,

Unfortunately a bankruptcy does not release the lien against your home that was created by the mortgage you took out. Your responsibility for that debt was discharged ... more
0 votes Share Flag Wed Dec 31, 2014 Foreclosure in 60542
Kelly Crowe, Real Estate Pro in Saint Charles, IL
Kelly Crowe answered:
The sheriff sale is complete and my move out day was set by the judge. I am having all utilities shut off on that date. Is this the proper way?
Yes you should have final readings taken for each utility company and give them a move out date. They technically won't shut off the utilities but the banks preservation company or perh ... more
0 votes Share Flag Thu Jan 16, 2014 Foreclosure in 60542
Airel Hermos…, Real Estate Pro in WOOD DALE, IL
Airel Hermosillo answered:
My parents passed away two years ago. The house is now in forclosure. I am tired of paying utility bills, property taxes and insurance.What to do?
Hello, If the property was not mortgaged to you , than you have no financial obligation to it. A bank most likely has obligation to pay taxes for it = check the mortgage statement. Un ... more
0 votes Share Flag Wed Sep 11, 2013 Foreclosure in 60542
Melissa Kamp…, Real Estate Pro in Greenwood, IL
Melissa Kampschroer Leetzow answered:
landlord let home go into foreclosure. Occupant notified home will be winterized...occupant not informed by landlord...does occupant have any rights?

I would think the bank does not know that you are living there. The company doing the winterizing would have communication with the bank...let them know. Am sure the bank woul ... more
0 votes Share Flag Wed Nov 7, 2012 Foreclosure in 60542
Eric Hall, Real Estate Pro in Aurora, IL
Eric Hall answered:
How do you get in contact with the REO parties to secure maintenance contracts?
I would speak with some local real estate agents that do a lot of Foreclosure Sales. They will be able to get you in contact with the companies that clean or maintain their listings. ... more
0 votes Share Flag Tue Jan 24, 2012 Foreclosure in 60542
Jeffrey, Home Buyer in New Jersey
Jeffrey answered:
I live in a duplex and the other owner is being foreclosed. We have sump pumps and the bank is shutting off the electic. Any way I can stop this? NH.
If they haven't yet foreclosed, perhaps you could see if the owner would be willing to short sale to you. The other obvious answer, is to just run the sub-pump under your electric ... more
0 votes Share Flag Thu Apr 28, 2011 Foreclosure in 60542
Unknown, Other/Just Looking in Aurora, IL
Unknown answered:
How is a property maintained when it is in foreclosure?
Thank you all for your answers. All were helpful. I have since found out that property is in Pre-foreclosure.
This is a townhome and as such is connected to my unit. It has not been ... more
0 votes Share Flag Mon Jan 10, 2011 Foreclosure in 60542
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