Foreclosure in Naperville : Advice

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Bob Brandt , Real Estate Pro in Schaumburg, IL
Bob Brandt answered:
can the buyer at forecloure charge rent to the former during the first 20 days?
You could try, but sometimes they will be offered cash for keys and to leave.
0 votes Share Flag Sat Jan 3, 2015 Foreclosure in 60563
Suzanne Hami…, Real Estate Pro in Orland Park, IL
Suzanne Hamilton answered:
My home has been sold in an auction back to the bank, even a HUD-approved housing counselor showing me that a modification plan is received and under
If it was a tax auction, that could be a sticky situation. But there is a redemption period. I would call hud or idha again. They have housing counselors that can help. But you real ... more
0 votes Share Flag Wed Apr 2, 2014 Foreclosure in Naperville
Jimish S Des…, Real Estate Pro in Wheaton, IL
Jimish S Desai answered:
Where is a good place (website) to gather info on foreclosures in the area?
Your best bet is to find a local agent in the area who has experience in foreclosures. They will have access to the MLS. A recent addition to the MLS works in conjunction with the cou ... more
0 votes Share Flag Mon Jun 3, 2013 Foreclosure in 60540
Jimish S Des…, Real Estate Pro in Wheaton, IL
Jimish S Desai answered:
How to purchase a foreclosed property in Chicago suburbs?
There are a few ways to purchase a distressed property.

1. During the foreclosure process (after bank has filed the lis pendes), contact the home owner to see if they will agree to d ... more
1 vote Share Flag Fri May 31, 2013 Foreclosure in Naperville
Lester S.  , Real Estate Pro in ,
Lester S. answered:
when does "right of posession" vest? At Sheriff's Sale or after Confirmation?
the reason I asked you to call is exactly because of this problem in trying to discuss this via this forum. Additionally, there is only one real question that needs to be asked here to ... more
0 votes Share Flag Mon Feb 25, 2013 Foreclosure in 60563
Marianne Hof…, Real Estate Pro in Naperville, IL
Marianne Hofmann answered:
When looking to purchase a home that has completed the forclosure process, does the potential buyer have to have all monies upfront?
When buying a foreclosure I believe the only added expense would be a survey of the property. Of course, you would need an attorney (I know a great, very inexpensive one) and you would ... more
0 votes Share Flag Fri Jan 11, 2013 Foreclosure in Naperville
Meir Aloni, Real Estate Pro in Plantation, FL
Meir Aloni answered:
How to buy forceclosure house? I find one in Trulia.
Please contact me; I'll put you in touch with 3 TOP Pros in the area you are intersted in

With enthusiasm,

Meir Aloni & Team
CRS (Certified Residential Specialist)
CDPE (Certifi ... more
0 votes Share Flag Thu Jan 10, 2013 Foreclosure in 60563
Nutan Bansal, Real Estate Pro in Naperville, IL
Nutan Bansal answered:
Is there a way that I can see this house?
Sure, thanks for showing the interest. We need to setup an appointment, let me know what time frame will work for you.
0 votes Share Flag Wed Jul 18, 2012 Foreclosure in Naperville
Lanamee, Home Buyer in New York, NY
Lanamee answered:
Possession after a Dupage Sheriff Sale
One way to find foreclosure listings, is call a professional Realtor and they can send you Dupage county foreclosure listings. However, in today's market, foreclosure listings are not ... more
0 votes Share Flag Sun Mar 4, 2012 Foreclosure in 60563
Cecelia Marl…, Real Estate Pro in Chicago, IL
Cecelia Marlow answered:
My house was foreclosed on Dec 2008. I just found out it was a FHA loan and a CAIVRS claim was filed. My credit score is 700. How long must I wait?
Hello Gamisko,
I have closed several loans for individuals who have had foreclosure's in the past. The underwriter will be looking for documentation that shows, not only that t ... more
0 votes Share Flag Thu Feb 23, 2012 Foreclosure in 60564
 J, Real Estate Pro in ,
J answered:
Question regarding attorney contingency
Never, never go into a real estate deal without written documents to backup the offer and terms signed by all parties. Just a few days ago I heard from an investor who went through a s ... more
0 votes Share Flag Tue Jan 10, 2012 Foreclosure in Naperville
Denise Cooper,  in Naperville, IL
Denise Cooper answered:
we tried to buy a house in foreclosure and by the time we submitted our contract the property has become bank
Believe me, foreclosures are not the best choices. Usually the home has been neglected for years. The banks are holding on to properties for a while now.

Denise Cooper
Broker Asso ... more
0 votes Share Flag Sun Jan 8, 2012 Foreclosure in Naperville
Denise Cooper,  in Naperville, IL
Denise Cooper answered:
Is it possible to buy something for less then it cost to rent a one bedroom apartment..?
You do get tax breaks when you own .... Remember to be sure to inspect the Bylaws etc of the Association and to make sure it is well managed. Alot of buyers neglect to see if the Asso ... more
0 votes Share Flag Sun Jan 8, 2012 Foreclosure in Naperville
Mark Tarinel…, Real Estate Pro in Wheaton, IL
Mark Tarinelli answered:
how long can i stay in my house...if i stop making payments from May... can i stay there until feb 2010?
In Illinois, you generally have a statutory right to redeem your property for 7 months after you are served with a summons and foreclosure suit. This sets the timeframe for the Sheriff' ... more
0 votes Share Flag Fri May 15, 2009 Foreclosure in Naperville
Mike Long, Real Estate Pro in Naperville, IL
Mike Long answered:
recourse loan in illinois?
Hello again Brick. Most important question that will help us all is this: even thought you are upside down...can you afford to make your payments? If so then stay in your home and do ... more
0 votes Share Flag Mon Apr 13, 2009 Foreclosure in Naperville
Bob  Little,…, Real Estate Pro in Naperville, IL
Bob Little, Jr. answered:
Is a severly upside down-soon to be bank owned property a lost cause?
Dear Donald,

The timeline for the foreclosure process generally takes about a year or longer from the first missed payment. I have posted a picture of that timeline on my blog for y ... more
0 votes Share Flag Mon Dec 22, 2008 Foreclosure in Naperville
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