Foreclosure in 60616 : Questions & Answers

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Seth Captain, Real Estate Pro in Chicago, IL
Seth Captain 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?
This may qualify as more of a rant than a direct answer, but one that may help tenants make an informed decision should they find themselves in this situaiton.

Working with multi-fam ... more
0 votes Share Flag Sun May 18, 2014 Foreclosure in 60616
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
Where do I go for expert advice with purchase of a short sale/foreclosure?
The seller does not care what the price is. He just wants a contract so the 'process' can start and it can take 2-5mo before the bank is ready to decide IF they will accept the price. T ... more
0 votes Share Flag Sun May 18, 2014 Foreclosure in 60616
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
My landlord had stopped paying her mortgage, but I have been paying her every math, now the bank wants me to pay them what should I do?
You should not have been paying the landlord, but too late for that. You should check with an attorney, but almost all banks will offer you CASH 4 Keys.......pay you to move out so they ... more
0 votes Share Flag Sun May 18, 2014 Foreclosure in 60616
Xavier Durra…, Real Estate Pro in Chicago, IL
Xavier Durrant answered:
I LIVE IN S. Fl in a condo. I paid rent but my landlord signed a quit claim deed over to his step mother who passed away last Feb. I did not know this
Hello-
The laws in FL differ from IL. Honestly, consult a lawyer, they will be able to speak to your tenant rights.

Best of luck,
Xavier
0 votes Share Flag Thu Aug 22, 2013 Foreclosure in 60616
Ken Dooley C…, Real Estate Pro in Chicago, IL
Ken Dooley CIPS, ABR, TRC answered:
How to buy a foreclosure when being a foreigner?
Artimana98,

The first step if you're not in a position to pay cash is to connect with a lender that specializes in lending to foreign buyers. Expect to put down at least 30% of the p ... more
0 votes Share Flag Tue Jun 30, 2009 Foreclosure in 60616
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