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Home Buying in 60609 : Real Estate Advice

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  • Home Buying6
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Activity 6
Sat Jul 2, 2011
Michael Hobbs answered:
One interesting thing that is starting to occur more is that Home Owner Associations are taking a more active approach to receiving their monthly assocation dues even when the owner is delinquent. In a number of cases, they are seeking action against the tenant and even looking to take possession of the unit so they can rent it out and collect the income to offset what is due to them if the owner of the unit will not or cannot pay. Therefore as tenant, you would be well-suited to retain legal counsel.

Additionally, that same attorney could verify for you where in the legal process of foreclosure your owner/landlord is. the website is www.clerkofthecourt.com but if you don't know legal terminology, it will be a struggle to interpret.

Additionally, whether the landlord/owner is paying the mortgage or not, you have a contractual right to pay him/her. If by chance you have been served any type of legal documents, you may consider going to the next court date and speak w/ the presiding judge to determine what if any actions you can take since you say you are willing to stay and even buy the unit.

Our client, Cherry Picker, works with cash buyers who acquire these kinds of properties and might be a good a good information source although they tend to only work with investors.

Best of luck,
Michael

Michael Hobbs
President
PahRoo Appraisal & Consultancy
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0 votes 16 answers Share Flag
Mon Sep 27, 2010
Mitch Gordon answered:
Yes, the listing expired on 9-2-2010. It was listed by Unlimited Property Management - Pamela Morris. Here is her phone number: 708-849-8106. This property was listed back on 8-7-2006 for $75,000 and the last price was $4500. That is one heck of a discount. Good luck to you. ... more
0 votes 4 answers Share Flag
Tue Nov 10, 2009
Matt Laricy answered:
Anna,
You wont be able to contact the bank and get information about it. Its probably in the process of getting put on the market. I would have your buyers agent keep an eye out for the property to come on the market. If you dont currently have a buyers agent, I would get one. I would be happy to help. Good luck!

Matt Laricy
Americorp Real Estate
Brokers Associate, e-PRO
mlaricy@americorpre.com
708-250-2696
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0 votes 3 answers Share Flag
Thu Oct 22, 2009
Kim Noonan answered:
Whoa - I just noticed that Selina's original question was from 2008 - Holy Agedthread, Batman!

Anyway, hopefully Selina got her home inspection professionally done in time, had no major problems, and recently celebrated her happy 1st year anniversary in her new home. ... more
0 votes 19 answers Share Flag
Tue Jul 29, 2008
Brandon Schuppe answered:
Selina,
430 Root is showing that it's under contract. Asking price was $465,000.
433 Root is active for $419,900.
451 Root is active for $359,000.
452 Root is active, with a recent price change for $429,000

My email address is Schuppe@SkydanGroup.com or you can email me through my website.
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1 vote 6 answers Share Flag
Sun Jul 27, 2008
Lisa Schade answered:
Hi jamal-
I looked for it under the HUD and VA foreclsoure websites as well.
If you go to the tax assessors office, they can tell you whether or not there is a lien on the property.

Please feel free to contact me directly.
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0 votes 2 answers Share Flag
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