Foreclosure in Chicago : Questions & Answers

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Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
Closing on a foreclosure in April, title free and clear. The owners are still there and don't seem to be moving. How can remove them?
This question can best be answered by your attorney, therefore consider a consultation as it is highly advisable that the current owners be out by closing day....
0 votes Share Flag Tue Apr 3, 2012 Foreclosure in Chicago
Shanna Rogers, Real Estate Pro in Murrieta, CA
Shanna Rogers answered:
how do i view a property?
Hi faithopeace,

Have your Realtor contact the Listing Agent if an appointment is needed. If no appointment is needed and there is a lockbox, your Realtor can take you.

Shanna Rog ... more
0 votes Share Flag Wed Mar 28, 2012 Foreclosure in 60607
Nick Clancy, Real Estate Pro in Chicago, IL
Nick Clancy answered:
can you e-mail me a forecloresure list. Thank you
Send me your email address and I will send you the properties. Thank You, Nicholas Clancy Remax Platinum 312-217-3237 chicagorealtor247@gmail.com
0 votes Share Flag Thu Mar 8, 2012 Foreclosure in 60652
Michael Emery, Real Estate Pro in Minneapolis, MN
Michael Emery answered:
CAN A REAL ESTATE AGENT BUY A DISTRESS PROPERTY?
Absolutely. If they have the money they can buy any property. Many real estate agents got into the business because they owned rental properties.
0 votes Share Flag Wed Jun 11, 2014 Foreclosure in 60619
jeffdonnellan, Real Estate Pro in Chicago, IL
jeffdonnellan answered:
My house is in foreclosure. The lender said no to my modification because the investors said no. Can't qualify for any programs. What to do?
In most cases that would be illegal since it would not be an arms length transaction. I have extensive experience with short sales. Contact me and we can talk further about your speci ... more
0 votes Share Flag Thu Apr 5, 2012 Foreclosure in 60637
Michael Emery, Real Estate Pro in Minneapolis, MN
Michael Emery answered:
How do i find out if a house im looking to purchase has any violations?
If you're talking about building code violations, you can contact the Riverdale building and zoning dept. (see link down below)
0 votes Share Flag Wed Oct 10, 2012 Foreclosure in Riverdale
Jeff Nobleza, Real Estate Pro in 60640
Jeff Nobleza answered:
Does it ever make sense to foreclose? (excellent credit rating)
Short sale the home to lessen the impact on your credit, avoid any possibility of oweing the bank in the future and avoiding any tax implications.

Feel free to email me at jeff.Noble ... more
0 votes Share Flag Fri Feb 10, 2012 Foreclosure in Chicago
Seth Captain, Real Estate Pro in Chicago, IL
Seth Captain answered:
What is the best way to purchase a foreclosure in Chicago?
You need to understand the proper usage of 'dees, dem, and dose'.

Seriously, it's the same as buying any other property. Place an offer. Wait for a response.

Some t ... more
0 votes Share Flag Wed Feb 15, 2012 Foreclosure in Chicago
Bill J Delig…, Real Estate Pro in Chicago, IL
Bill J Deligiannis answered:
Could I get in contact with a agent responsible for property located at 9202 s perry Chicago,il?
9202 S Perry is not listed for sale.
The last time it was on the market was early 2009.

Plenty of other similar properties for sale in the area. Find a good Realtor to assist you wi ... more
0 votes Share Flag Tue Jan 31, 2012 Foreclosure in Chicago
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
Strategic default - what's the deal when you own two homes?
Before considering strategic default/foreclosure, it's really in your best intetest to consult with an attorney who specializes in real estate; he/she can best advise....
0 votes Share Flag Mon Jan 30, 2012 Foreclosure in Chicago
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
what are reo agents paying for clean out services in illinois/indiana?
Grace the problme is a lot of banks are taking the job of hiring clean out people from the agents to national companies, the quaility of work us gone down sharply. you should look in yo ... more
0 votes Share Flag Mon Jan 23, 2012 Foreclosure in Chicago
Gary Geer, Real Estate Pro in Antioch, IL
Gary Geer answered:
I'm in Illinois where Dual Agency is allowed. I know that the seller agent tipped off another buyer of our offer. What can i do?
Limitbreaker,
When multiple offers come in on foreclosed properties everyone ( all potential buyers ) normally are requested by the bank to submit their highest and best offers. Once a ... more
0 votes Share Flag Sun Feb 26, 2012 Foreclosure in 60647
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
When in danger of a repo , should you miss a payment or stay current. The bank is teling me to miss a payment b4 they can modify.
Not sure anyone out here can answer that for yu. It depends on your over all financial situation and potential options you might have. There is no guarrantee that tey will even modify i ... more
0 votes Share Flag Wed Sep 18, 2013 Foreclosure in 60632
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
defautled on forbearance agreement and house is in foreclosure. Can I become current by paying all deliquent,fees before sale date?
Liz you should contact your bank and ask for the home retention department. you should be able to end foreclosure by paying your delinquint amount.
0 votes Share Flag Wed Jan 18, 2012 Foreclosure in 60620
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
I am a tenant and te property i live became reo property public records as of 12/07/2011. Do the owner still have the right to collect rent?
The previous owner--the person who owned the property before December 7--has no right to collect any rent that became due after December 7. However, if the renter was behind on rent (le ... more
0 votes Share Flag Tue Jan 10, 2012 Foreclosure in Chicago
Dan Tabit, Real Estate Pro in Sammamish, WA
Dan Tabit answered:
home is pre foreclosure what does that mean
Mshouse,
Pre-foreclosure means if you want to buy it you are in a race with the bank. It also means this will likely be a short sale, meaning the owner owes more than what the home i ... more
0 votes Share Flag Thu Jan 5, 2012 Foreclosure in Austin
Larry Tollen, Real Estate Pro in Durham, NC
Larry Tollen answered:
how does financing a forclosure work?
The first thing you need to do is sit down with a local broker who specializes in both buyer side brokering and who is experienced in handling foreclosure sales. They can guide you to a ... more
0 votes Share Flag Mon Jan 2, 2012 Foreclosure in Chicago
Anthony DeSu…, Real Estate Pro in Near South Side, Chi...
Anthony DeSuno answered:
I m looking for a foreclose single family home is Chicago westside for 19,000 and under any ideas I don't mind fixing it up thanks
Hi- I would be happy to email you a list of available properties in that area. Please email me at reinfo@hotmail.com and I will email you back a current list of homes. Thanks
0 votes Share Flag Fri May 3, 2013 Foreclosure in 60651
Jeff Little, Real Estate Pro in Marietta, GA
Jeff Little answered:
Freddie Mac home asking price 17,900 I offer 14,000 the next day the bank counteroffrer for 17,000 I respond back 15,000 what's next
This is very typical with Freddie Mac. They do not take much less than asking price on their listings. Their listings are usually in better shape (it sounds like this one may be the exc ... more
0 votes Share Flag Thu Dec 29, 2011 Foreclosure in 60651
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
How Hudson and Marchall auction works? why they don't reveal the prices? I submitted an offer three weeks ago.
Because it is not like a traditional auction where all bodders bid right here and now and the high bidder is determined when bidding is done. Auctions like this first have a starting bi ... more
0 votes Share Flag Fri Apr 6, 2012 Foreclosure in Chicago
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