Foreclosure in 60601 : Advice

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Kria, Real Estate Pro in 97214
Kria answered:
My home was suppose to be sold in a auction how much time do I have to move and can property be saved?
That is no fun. You do need to get on this right away and find out. How do you know it is to be auctioned?
0 votes Share Flag Mon Aug 30, 2010 Foreclosure in 60620
Amy Foote, Real Estate Pro in 60118
Amy Foote answered:
The Sellers of a short sale home have accepted my PA. They decided to wait 5 months before they tell the bank. Will I have priority of this purchase?
What?  That doesn't make any sense.  You need to get your attorney involved.  Do you still have a valid contract?  Do you really want to wait for 5 months and then the ... more
0 votes Share Flag Mon Aug 16, 2010 Foreclosure in Chicago
Al Dobbs, Real Estate Pro in Chicago, IL
Al Dobbs answered:
How many people usually show up ready to bid on a foreclosed house at a sheriff's sale?
I have gone to a few of them. Not really at the court house steps any more. Most are done in conference rooms and little offices. At most 2-3 people show up. Most of the time only the a ... more
0 votes Share Flag Mon Aug 9, 2010 Foreclosure in Chicago
Noah Seidenb…, Real Estate Pro in 60202
Noah Seidenberg answered:
How many people usually show up at foreclosure sales on the court house steps?
It is imposible to answer that. Sometimes a few and sometimes not. A desirable home priced low will probably get more bidders then a dump that is stripped.
0 votes Share Flag Sun Aug 8, 2010 Foreclosure in Chicago
Matt Taylor, Real Estate Pro in North Carolina
Matt Taylor answered:
Nervous about buying a condo bc the owner of the only other two units in the building is not in the country. no active HOA. Worth the risk? Suggestion
As a note if you are trying to finance this property you will run into many more problems. If there are only 3 units in the complex and 2 are financed by an investor you will exceed mos ... more
0 votes Share Flag Sat Aug 7, 2010 Foreclosure in Chicago
Marki Lemons…, Real Estate Pro in Chicago, IL
Marki Lemons-Ryhal answered:
how much are the closing costs for a $135k home?
This is contingent upon the lenders charges but a good rule of thumb is 4% of the purchase price, which breaks down to 1% loan origination, processing, appraisal, underwriting, title ch ... more
0 votes Share Flag Thu Oct 3, 2013 Foreclosure in 60641
Matt Bukovy, Real Estate Pro in Chicago, IL
Matt Bukovy answered:
Does anyone know of a title company in the Chicago, IL area that can do a double-closing?
Malachi,

I'm assuming you're talking about handling the purchase of your next home and the sale of your current home. In that case, the answer is yes, EVERY title company ... more
0 votes Share Flag Tue Aug 3, 2010 Foreclosure in Chicago
Ilvestor, Real Estate Pro in Chicago, IL
Ilvestor asked:
0 votes Share Flag Mon Aug 2, 2010 Foreclosure in Chicago
Amy Foote, Real Estate Pro in 60118
Amy Foote answered:
I am trying to find out what bank own's the house at 7538 s. wlocott in chicago,illnois 60620
It's Aurora Loan Services out of Littleton, CO. I've done short sales with them...they are pretty good to deal with.
0 votes Share Flag Mon Jul 26, 2010 Foreclosure in Auburn Gresham
Adam Barrera, Real Estate Pro in Chicago, IL
Adam Barrera answered:
I am in my middle and my husband is in his late fifties. We have several proprities that are upside down. We have our home with equity in.
Hi Eddie, All you can do is ask. I f your properties are with different leaders you should be fine, but even if there with the same Leander explain your situation in your hardship lette ... more
0 votes Share Flag Mon Jul 12, 2010 Foreclosure in Chicago
Peter Kedzior, Real Estate Pro in Arlington Heights, IL
Peter Kedzior answered:
am interested in a fourclouser aside from the price listed on the property are there any other monies that is owed to the bank owened property?
Buying of a foreclosed (bank owned) property, you will get a clear title with no debts and liens. The only situation when you may have to pay old debts is if you are buying a property t ... more
0 votes Share Flag Tue Jun 29, 2010 Foreclosure in Chicago
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
what are my rights as a renter if the property in which i reside is in forclosure?
If the bank wants to throw you out they can go to court and can do it. You will have either 3 months or the length of your lease, whichever is shorter to stay. Often they offer tenants ... more
0 votes Share Flag Sun Jun 3, 2012 Foreclosure in Jefferson Park
Newman-Mitri…, Real Estate Pro in Near North Side, Chi...
Newman-Mitrick RE Group answered:
is it necessary to pay 6 months association fee on a foreclosure?
The new laws regarding foreclosures and back-owed HOA dues say you as the new buyer will be responsible for paying up to 6 months worth of that amount.

However, don't agree to i ... more
0 votes Share Flag Tue Jan 25, 2011 Foreclosure in Chicago
Michael Russ…, Real Estate Pro in 75006
Michael Russell answered:
If we are letting our house fall into foreclosure, how can we get out of paying our new special assessment, of over $3000? I realize our association
what does your bylaws state? If you don't understand your situation have an attorney review the paperwork with you.
0 votes Share Flag Wed Jun 2, 2010 Foreclosure in Chicago
Mark Manz, Real Estate Pro in 60618
Mark Manz answered:
If a house is foreclosed and had a judgment amount, why can the original owner still try to sell the property for $150k more?
Rxmas,

The short answer is that the bank hasn't taken possession of the property. I would have to know more about the subject property to give a full answer. Feel free to contac ... more
0 votes Share Flag Wed May 19, 2010 Foreclosure in Chicago
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
What is the resale situation for manufactured homes in Belvidere IL and adjacent communities?
Since no local answers yet--any local agent can help you and provide you with comps--recently sold similar properties in the immediate area--review the data and make a determination--co ... more
0 votes Share Flag Mon May 3, 2010 Foreclosure in Chicago
Cara Realtors, Real Estate Pro in 08742
Cara Realtors answered:
I'm interest in the house locate in 5232 w wolfarm Chicago IL 60641. How can I make an appointment to Check the house?
Erica:

That is great you are interested in buying a house in Chicago, but if I were you, I'd delete your number!

The best and first way to start is, of course, asking a Real ... more
0 votes Share Flag Tue Apr 27, 2010 Foreclosure in Cragin
Matt Taylor, Real Estate Pro in North Carolina
Matt Taylor answered:
recent homes
Miguel, I think you forgot to finish your thought. Hopefully this will trigger an email so you come back and complete your question.
0 votes Share Flag Thu Oct 3, 2013 Foreclosure in 60641
Virg, Home Buyer in Chicago, IL
Virg asked:
i recently bought a condo and was told all hoa dues have been paid. i found out that 1 unit(coachhouse) is going into foreclosure as of Dec 22 and they haven't been paying their dues. they are 1/3 of the asscoaciation. what are my rights and how do i go about getting them paid in the future?
0 votes Share Flag Tue Apr 6, 2010 Foreclosure in Chicago
Peter Geo, Real Estate Pro in Chicago, IL
Peter Geo answered:
Who owns the property at 5245 S. Sangamon Chicago, Il 606009
Hi,
Check my previous post regarding this property.
It's sold at auction to a 3rd party bidder. Check the court docket/file after a month to see when the sale will be approved an ... more
0 votes Share Flag Sat Mar 27, 2010 Foreclosure in Chicago
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