Foreclosure in 60647 : Advice

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Joe Schiller, Real Estate Pro in Chicago, IL
Joe Schiller answered:
Does anyone have experience buying a property in Chicago demo court?
go to the court room / office and get your hands dirty..ask questions.. ask for referrals.. get moving!
0 votes Share Flag Wed Dec 5, 2012 Foreclosure in Chicago
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
Alan May, Real Estate Pro in 60201
Alan May answered:
How necessary is it to winterize a condo if the association is responsible for the heat and water?
probably less important in a oondo, where the water and heat are constantly on.... but REO companies just do it routinely, just in case.

After all, how bad would it be, in a condo, i ... more
0 votes Share Flag Wed Nov 14, 2012 Foreclosure in Chicago
Chris Spaldi…, Real Estate Pro in 85383
Chris Spalding answered:
My landlord is walking away from his mortgage, how long until the bank forecloses and forces me to move out? how long do I continue to pay him?
How did you find out that the landlord has stopped paying the mortgage? foreclosure timeframes vary considerably based upon the state and the lender.
0 votes Share Flag Sun May 18, 2014 Foreclosure in 60616
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
What are the rules governing buyer responsibility of unpaid assessments on an REO property?
Obviously, some States have different RULES:
When a house goes through Foreclosure; all the Liens are supposed to be paid; Does this mean that the County never filed a LIEN on the prop ... more
0 votes Share Flag Mon Nov 5, 2012 Foreclosure in 60607
Jeff Nobleza, Real Estate Pro in 60640
Jeff Nobleza answered:
i recently applied for a short sale on my home and was accepted it is on the market and has a offer.The bank recently sent a broker to look at my home
Broker is likely completing a "broker price opinion" (BPO). This is where a broker gives an opinion of value on your home for the bank to consider short sale.
0 votes Share Flag Thu Nov 1, 2012 Foreclosure in 60629
Bill J Delig…, Real Estate Pro in Chicago, IL
Bill J Deligiannis answered:
i have a not so good credit can i get section8
Apply at the Chicago Housing Authority. They will let you know if you qualify.

www.thecha.org
0 votes Share Flag Sat Oct 20, 2012 Foreclosure in 60621
Jim Vincent, Real Estate Pro in Springfield, VA
Jim Vincent answered:
Are lenders normally fair with commissions for short sales?
Yes, for the most part, they are fair. My experience has been that they will tell you in the beginning that they will only pay a total commission of a certain percentage, eg., 5%, to be ... more
0 votes Share Flag Thu Oct 18, 2012 Foreclosure in Chicago
Cesar Gonzal…, Real Estate Pro in Chicago, IL
Cesar Gonzalez answered:
when purchasing a REO homepath property,can family live in house?
Yes you can buy a homepath property as an investment as long as your offer/contract are constructed properly. Are you currently under contract or are you trying to purchase a homepath ... more
0 votes Share Flag Tue Sep 11, 2012 Foreclosure in Chicago
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
Are short sales worth the time and effort for Brokers?
When the Broker has the buyer there is very little extra work involved. It's a pain to wait 2-5 months and there is no guarrantee that it will work so we usually keep looking during tha ... more
0 votes Share Flag Sat Feb 28, 2015 Foreclosure in Chicago
Bill J Delig…, Real Estate Pro in Chicago, IL
Bill J Deligiannis answered:
How do you do a lien search on a foreclosed property in Chicago? If your purchasing a REO property are all liens cleared at close?
www.ccrd.info

Cook County Recorder of Deeds.

Do not purchase a property unless you obtain a clean title.
0 votes Share Flag Fri Sep 7, 2012 Foreclosure in 60655
Robert Nowak, Real Estate Pro in Chicago, IL
Robert Nowak answered:
freddie mac house signed purchase agree. cont. on well and septic. during inspes. found out the wells shot. gave them bids. any chance they will pay?
1. This question was posted and answered previously.
2. Your agent should have told you there's absolutely no way to know if they will pay until they give you a response.
0 votes Share Flag Wed May 22, 2013 Foreclosure in 60602
James Gordon…, Real Estate Pro in Cincinnati, OH
James Gordon ABR PBD SFR SRS answered:
So how do I find out more about these condos ??? Do I really have to join Realty Trac??
If the property is not showing as available for sale on Trulia then it is a Realty Trac ad. If you are interested in purchasing a property please contact a local Realtor®.

Thank ... more
0 votes Share Flag Wed Sep 5, 2012 Foreclosure in Chicago
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
Possibly foreclosing in Chicago, live in California - is my husband protected if he isn't on my mortgage?
That is a legal question and those folks do not respond on this site. It's worth $100 to speak with one. My web site has some references.
0 votes Share Flag Thu Sep 6, 2012 Foreclosure in Chicago
Matt Laricy, Real Estate Pro in Near North Side, Chi...
Matt Laricy answered:
Got a Notice of Hud Relief Pursuant to Hud ML 2000-10 Courtesy of Rentention Services. Need to know if this is a Scam Please help?
Not sure. There is a lot of crazy stuff going on out there. Before I believe anything, I would have my attorney look at it.
0 votes Share Flag Mon Jan 27, 2014 Foreclosure in Chicago
Bill J Delig…, Real Estate Pro in Chicago, IL
Bill J Deligiannis answered:
IS 1939 PALMGREN DR. GLENVIEW TO BE AUCTIONED
Does not appear to be on the Auction block. It was rented out this past May.
0 votes Share Flag Thu Aug 30, 2012 Foreclosure in Chicago
Terry  Perdue, Real Estate Pro in Chicago, IL
Terry Perdue answered:
I received a notice stating that An Order for Sale and Possession and Eviction will be entered 8-23-23 on the home I am renting.
Yes, you have the right to request an extension. You might want to do it in the form of a written motion. Motion for extension of time. State why you need an extension and when you will ... more
0 votes Share Flag Fri Aug 17, 2012 Foreclosure in Chicago
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
my house is going up for auction in Sept. how much time do I have after that? if sold or if not sold
Not sure what you mean by auction. If the foreclosure process is over and the auction is for someone to buy it before it goes back to the bank at a public aucton then the bank will almo ... more
0 votes Share Flag Fri Aug 17, 2012 Foreclosure in Chicago
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
My house is going up for auction next month, what happens if it winter season? would we still have to vacate the property in the middle of winter?
It is not going to take that long:
If the Bank gets it back, (odds are), they will assign a Realtor to list it; that will take 3-5 weeks. That Realtor will contact you to possible arra ... more
0 votes Share Flag Thu Aug 16, 2012 Foreclosure in Chicago
Randy Schule…, Real Estate Pro in Algonquin, IL
Randy Schulenburg answered:
What are my financial responsibilities regarding a short sale or foreclosure and PMI insurance? Purchase price was $186K.
J,

Call me on Monday and I'd be happy to discuss your specific situation. This forum is not the best place to get your answer. You should discuss this with your agent and atto ... more
0 votes Share Flag Mon Aug 13, 2012 Foreclosure in Chicago
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