Home Buying in Algonquin : Questions & Answers

change location

cancel or

Q&A

21
Michael B De…, Other/Just Looking in 60043
Michael B Decman answered:
Mortgage application
Depending on BK discharge date and type of Bankruptcy, you may already qualify, there are programs available that may qualify your wife for grants; however, there are additional ?s that ... more
0 votes Share Flag Sat Nov 15, 2014 Home Buying in Algonquin
Suzanne MacD…, Real Estate Pro in 07856
Suzanne MacDowell answered:
can a mortgage company foreclose on a property that has been discharged in chapter 7 and not reaffirmed?
This is a question for an attorney, however, the discharge in bankruptcy does not eliminate the lien and the bank has the right to enforce the lien. They can still foreclose.
0 votes Share Flag Sat Aug 2, 2014 Foreclosure in Algonquin
Ann Marchesc…, Real Estate Pro in Algonquin, IL
Ann Marcheschi answered:
can a bank garnish wages after a foreclosure in illinois?
I think it depends on the situation. It varies with the circumstances involved in your individual situation. You should talk to a good attorney. If you would like the name and number o ... more
0 votes Share Flag Wed Jun 26, 2013 Foreclosure in 60156
Bob Brandt R…, Real Estate Pro in Schaumburg, IL
Bob Brandt Re/Max 847-230-7303 answered:
How much do you think the average purchase price is for the first time buyer in your area?
Schaumburg has first homes starting at about 30K for a studio condo.
Some first time buyers have waited and saved a lot longer, choosing a 300k+.
Average it all together and I think a ... more
0 votes Share Flag Fri Jun 21, 2013 Home Buying in 60156
Debby Bulloc…, Real Estate Pro in Hickory, NC
Debby Bullock-Benfield answered:
How can my fiancé and I repair our credit in time to hopefully buy a house next year?
Definitely contact a reputable lender that is experienced in credit repair. Do this prior to paying off any debt or creating any new debt. The tri score pull is tricky and you need to ... more
0 votes Share Flag Thu Jun 20, 2013 Home Buying in 60156
Randy Schule…, Real Estate Pro in Algonquin, IL
Randy Schulenburg answered:
Accepted counter on a short sale. The loss mitigator's email is from Celnar. Do they own the note or are they just handling the paperwork ?
Tamara,

That's a good question. Your attorney would be the best one to follow up for you to find out if an investor owns the note. In most cases you will find that an investor does ... more
0 votes Share Flag Sun Mar 24, 2013 Home Buying in 60102
Maria Ascenc…, Real Estate Pro in Saint Charles, IL
Maria Ascencio answered:
Flooding near downtown - specifically La Fox Drive - looking at purchasing a home on West side of street. Does anyone know if this street floods?
Hello Nicole

Feel free to contact me regarding your concern

Maria Ascencio
RE/MAX Platinum
630-945-0139
0 votes Share Flag Fri Sep 7, 2012 Home Buying in Algonquin
Randy Schule…, Real Estate Pro in Algonquin, IL
Randy Schulenburg answered:
Has anybody ever gotten a mortgage company to reduce the principal balance - even just a little bit - during a loan modification?
Debbi,

Yes. I read of a case in Florida where the Bank reduced the principal balance on a loan modification. I know this isn't common but it's certainly possible.
0 votes Share Flag Sun Aug 5, 2012 Foreclosure in Algonquin
Randy Schule…, Real Estate Pro in Algonquin, IL
Randy Schulenburg answered:
can a bank garnish wages after a foreclosure in illinois?
Foreclosure should be considered a LAST resort. With so many homeowners under water today there are several ways to avoid foreclosure. Below are 9 ways to avoid foreclosure. Contact ... more
0 votes Share Flag Thu Aug 2, 2012 Foreclosure in 60156
Randy Schule…, Real Estate Pro in Algonquin, IL
Randy Schulenburg answered:
Renting a home, how do I know if it is now an REO?
Kara - if you haven't already done so you should contact a local attorney. I have an excellent attorney that I work with in Crystal Lake if you need a referral. This attorney represen ... more
0 votes Share Flag Tue Jun 26, 2012 Foreclosure in 60156
Gary Geer, Real Estate Pro in 60031
Gary Geer answered:
Question regarding foreclosure records....
Ally,
We all want to help you, but without further information about the property our hands are tied.
0 votes Share Flag Thu Feb 9, 2012 Home Buying in Algonquin
Cecelia Marl…, Real Estate Pro in Chicago, IL
Cecelia Marlow answered:
I am in the process of buying a foreclosure. The counter offer I received from the bank asked that I waive the attorney review period (5 days)
Chris,
If you waive your right to an attorney review, you basically have no recourse. You are basically waiving your rights, should anything come up. 5 Days for an attorney review ... more
0 votes Share Flag Tue Sep 20, 2011 Foreclosure in Algonquin
John Walin, Real Estate Pro in Libertyville, IL
John Walin answered:
How is your credit affected from a short sale rather than a foreclosure?
mommy
You have to be eligible for a short sale, based on hardship and if you have assets, they do try to get some of the shortage back. You can look into a loan modification, a short ... more
0 votes Share Flag Sun Feb 13, 2011 Foreclosure in 60156
Bob Movin-On, Real Estate Pro in Hartford, CT
Bob Movin-On answered:
how does dee in leiu of foreclosure work?
It is a negotiation between you and the bank to turn over the home in lieu of foreclosure. This is the easiest form of avoiding full blown foreclosure but do be advised it is a form of ... more
0 votes Share Flag Sun Feb 13, 2011 Foreclosure in 60156
William Carr…, Real Estate Pro in McHenry, IL
William Carrier SRES SFR answered:
Townhouse listed in Algonquin, Il. did not sell & is now rented. How can I find owner to contact.?
You can go to the Algonquin Township Assesors website, and look up the taxpayer of record.
0 votes Share Flag Wed Nov 10, 2010 Home Buying in Algonquin
Tina Johnson, Real Estate Pro in Rockford, MI
Tina Johnson answered:
houses for sale on grayhawk in algonquin 60102 the coves the price 599,900.00 and its pending
The house you are talking about is 3631 Grayhawk. That home is pending. It was listed for $599,000 and is a short sale. If you have any questions about this home or about the communi ... more
0 votes Share Flag Sat Aug 28, 2010 Home Buying in Algonquin
Renee Pflanz, Real Estate Pro in 60102
Renee Pflanz answered:
How Long for a short sale negotiator to accept your offer?
That is the million dollar question these days. The most honest and forth coming answer I can give you is anywhere from 48 hours to a month or two. However, any experienced listing agen ... more
0 votes Share Flag Tue Jul 20, 2010 Home Buying in 60102
Dolores Maur…, Real Estate Pro in 07470
Dolores Mauriello Agent answered:
looking on trulia, there are homes listed in various stages of foreclosure (REO, Auction etc) through realty trac. Yet some of these homes never
Foreclosure is a legal process not a type of property. The borrower or owner is in default and will be deprived of his interest in the property through a sheriff's sale, sheriff� ... more
0 votes Share Flag Thu Feb 4, 2010 Home Buying in 60102
Vince Romano, Real Estate Pro in Algonquin, IL
Vince Romano answered:
Short Sale/Preforeclosure/Forclosure questions and tips on negotiating the price
Short sales typically take much longer to negotiate and close, compared to a bank owned foreclosure. Every situation is different depending on how long the home has been on the market ... more
0 votes Share Flag Tue Jul 7, 2009 Home Buying in 60102
Bob Brandt R…, Real Estate Pro in Schaumburg, IL
Bob Brandt Re/Max 847-230-7303 answered:
How do I find out what are the property taxes in each village on nortwest suburbs in Chicago area?
It will take quite a bit of work and will not really give you a true picture, as some towns have multiple school districts and are in several counties. The way that I think would help y ... more
0 votes Share Flag Sun Sep 14, 2008 Home Buying in Algonquin
1 2
Search Advice

Followers

161
Email me when…

Learn more

Meet the Trulia VIPs
Troy Stukowski, Broker in 60142
Troy Stukowski
Broker
60142
Mark Zatz, Broker in 60102
Mark Zatz
Broker
60102
Joan Couris, Broker in West Dundee
Joan Couris
Broker
West Dundee
Teresa & Steve S..., Broker in Saint Charles, IL
Teresa & Steve S...
Broker
Saint Charles, IL
Home > Q&A > Illinois > Mchenry County > Algonquin > Home Buying in Algonquin
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer