Foreclosure in 60637 : Questions & Answers

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Rob Weber, Real Estate Pro in Chicago, IL
Rob Weber answered:
who handles the foreclosures in Chicago? Need a contact #... 1243 S. Kostner ave. is the property! Can anyone tell me how to go forward with this..?
I couldn't find any information on Trulia, Zillow, Blockshopper, etc. If the property is actually listed, a Realtor would have access to the MLS listing.

If you'd like to ... more
0 votes Share Flag Sun Nov 20, 2011 Foreclosure in North Lawndale
Mark Malave,…, Real Estate Pro in 60626
Mark Malave, Buyer's Agent answered:
How do I ask contact someone about purchasing a forclosure? Is it possible to see the property?
Sure, give me a call at 7734351605.
0 votes Share Flag Tue Nov 15, 2011 Foreclosure in Kenwood
Suzanne MacD…, Real Estate Pro in Mount Arlington, NJ
Suzanne MacDowell answered:
My client wants to buy a foreclosed home next door owned by an affiliate of Harris Bank, LaSalle 115 Holdings Series 18 SFR. Any way to contact them?
Not likely. Banks will not talk to you. They assign an asset manager who then chooses a realtor to list the property on the MLS and until they do it's almost impossible to make a ... more
0 votes Share Flag Tue Oct 25, 2011 Foreclosure in Chicago
Peter Kedzior, Real Estate Pro in Arlington Heights, IL
Peter Kedzior answered:
We just found out the condo we are renting is being foreclosed upon. What does this mean for us, as renters? How long until we are asked to leave?
First, the title has to be legally transferred to the lender, which may take months or more. Once that happens, the lender will serve you with a notice to vacate. Even then, you may hav ... more
0 votes Share Flag Tue Oct 18, 2011 Foreclosure in Chicago
Caroline Fel…, Real Estate Pro in Chicago, IL
Caroline Felix answered:
REO Condo purchase, can they make you pay 6/mo assessments plus interest, 6/mo special late fees, plues legal fees?
Hi Daniel

They can legally require you to pay up to 6 months assessment fees, including late fees. Please consult your Atty on the legal fees.
0 votes Share Flag Mon Oct 17, 2011 Foreclosure in Chicago
Bill J Delig…, Real Estate Pro in Chicago, IL
Bill J Deligiannis answered:
looking for a good reo service to contract with in Chicago, IL
Are you looking to purchase? I have helped many clients purchase Reo's in Chicago. Feel free to contact me - I'd be glad to assist you.
0 votes Share Flag Wed Mar 28, 2012 Foreclosure in Chicago
Sally Grenier, Real Estate Pro in Boulder, CO
Sally Grenier answered:
i have a credit score of 650 and a annual income of 30,000 could i qualify for a home loan
There are many factors involved in getting qualified for a mortgage. Talk to a lender or mortgage broker who can review all of your information.
0 votes Share Flag Tue Sep 20, 2011 Foreclosure in Chicago
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
how do i find out witch bank owns the home and if its, for rent or for sale.?
Generally if a property is bank owned it's available for sale, not rent. Any local agent can help you with necessary information...
0 votes Share Flag Wed Sep 14, 2011 Foreclosure in Chicago
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
I'm interested in purchasing a house next door to me I know it's in foreclosure but i Just want to know if the bank owns it
From the time that the Bank takes possession of it, until it is LISTED, is usually 2-6 weeks. In the meantime, it is in LIMBO. We might find who the Bank is, but that really doesn' ... more
0 votes Share Flag Tue Sep 6, 2011 Foreclosure in Chicago
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
Where can I find forclosures?
Just about everywhere. Many web sites let you search the MLS which contain most foreclosures. Some of those sites let you narrow your focus of criteria to just foreclosures........ My w ... more
0 votes Share Flag Wed Sep 7, 2011 Foreclosure in Chicago
Patricia Mon…, Real Estate Pro in Chicago, IL
Patricia Monroe answered:
in a short sale, does the seller need to pay any owed real estate taxes to close, or does the buyer assume
The idea of a short sale is, that a seller in a financial distress is walking away from his/her property after, closing without having to pay for anything. In a short sale, in addition ... more
0 votes Share Flag Fri Sep 2, 2011 Foreclosure in Chicago
Laura Karamb…, Real Estate Pro in Downers Grove, IL
Laura Karambelas answered:
how long does it take to buy an foreclose home when paying with cash?
That all depends on the bank that owns the property. Some respond quickly and others do not. With a cash offer some banks will ask that you close within 30 days or less once the contr ... more
0 votes Share Flag Fri Sep 2, 2011 Foreclosure in Chicago
Laura Feghali, Real Estate Pro in Stamford, CT
Laura Feghali answered:
If the seller has offered a contract on a short sale and has sent to lender for approval, do they have to inform buyer of other offers
Hello Meyerish,
No, the seller does not have to inform you about other offers but if you ask about them; then they might tell you.
It's one of the Articles in the Standar ... more
0 votes Share Flag Fri Dec 30, 2011 Foreclosure in Chicago
Larry Tollen, Real Estate Pro in Durham, NC
Larry Tollen answered:
I was old a lemon...invested over 40k on supposedly rehabbed home...still needs too much work..thinking of short sale or foreclosure ..whats best..
You need to speak to a real estate lawyer and/or your financial adviser to discuss long-term ramifications and to understand how short-sales work in Illinois.

If they suggest forecl ... more
0 votes Share Flag Thu Aug 11, 2011 Foreclosure in Chicago
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
Can you put an offer in on a multiple offer situation that says you will beat the highest other offer by $1,000 dollars up to a set maximum???
Over the years I have had a couple of clients who wanted to do it. They also add that during the attorney review the seller shows the buyer the other best offer to confirm it was real. ... more
0 votes Share Flag Fri Jul 1, 2011 Foreclosure in Chicago
Evelyn Fred -…, Real Estate Pro in Chicago, IL
Evelyn Fred - (773) 981-2005 answered:
Another comp question regarding an REO property.
Hi Hapaboy,

The first thing I would recommend is to work with a buyers agent, it's at no charge to you. Why would you go through the hassle of trying to figure it out yourself? ... more
0 votes Share Flag Sat Jul 2, 2011 Foreclosure in Chicago
Anthony Cava…, Real Estate Pro in Channahon, IL
Anthony Cavalea IV answered:
Looking for a Buyer's Agent in Chicago. Is it easy o find one? (I offered a full price for a REO and the realtor had no time... Will BuyerAgent?
Sure. What are you looking for? Give me a call so we can discuss.

Anthony Cavalea
Able Realty
773-368-5614
0 votes Share Flag Thu Mar 1, 2012 Foreclosure in Chicago
Newman-Mitri…, Real Estate Pro in Near North Side, Chi...
Newman-Mitrick RE Group answered:
I have been trying to have my house foreclosed on by chase and someone there told the att. to put a hold on the procedure and can not find out who it
Your bank is under no obligation to foreclose. If they believe you have assets you're hiding or otherwise should be kept on title and not foreclosed on they will do so.

I have a $1, ... more
0 votes Share Flag Mon Dec 9, 2013 Foreclosure in Chicago
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
How to find cash investor?
That might be a tough one. You need someone with the money, but not the interest or ability to do the work. Not sure how to find someone although Trulia might help. I am not sure this i ... more
0 votes Share Flag Tue Apr 19, 2011 Foreclosure in Chicago
Attorney Ranj…, Real Estate Pro in Chicago, IL
Attorney Ranj Mohip answered:
I want to buy an abandoned building to open a business. How do I find tax sale properties? Some websites have fees, but look questionable.
If you want to buy a tax sale property, you will have to buy the taxes at a public sale and wait the statutory period (up to 4 years). Consult with a Realtor to find you an affordable, ... more
0 votes Share Flag Wed Apr 6, 2011 Foreclosure in Chicago
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