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Foreclosure in Aurora : Real Estate Advice

  • All196
  • Local Info15
  • Home Buying56
  • Home Selling8
  • Market Conditions7

Activity 5
Thu Apr 3, 2014
Jeff Nobleza answered:
Call lawyer Erik Miles at 312 854 8092. He has reasonable rates and is very good at helping people like you.

Jeff Nobleza
Baird & Warner
773 677 5340
Jeff.Nobleza@BairdWarner.com
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Tue Sep 25, 2012
Inaas Arabi answered:
Hello Newpapa96,

Stay in the home till the bank or their agents contact you about moving , you have anywhere from 3 to 4 months in my opinion.

make sure you ask them about cash for keys, usually banks will pay you a small fes to kleave the home in good shape.

when you are ready to move contact me about my rental homes, i have access to over 300 of them which my company own. we work with people who had forclouser on their credit. thanks.

Best Regards,
Inaas Arabi
630-329-5000
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Mon Mar 14, 2011
John Walin answered:
An REO home for $250k in Aurora must be a nice home! So I wouldn't worry about FHA inspections throwing an axe handle in the works. Often banks give preference to owner occupied loans for neighborhood stabilization purposes. If it is a Fannie Mae Homesteps property, they often have buyer credit, fix things and even repaint! Did you write an offer with the listing agent? Normally the bank will call all offers to provide their final and best offer if it is a multiple offer situation. So don't get paranoid about other offers beating you out for $1,000 Deal with a agent to represent your interests, avoid the dual agency situation in this scenario. You need counsel of a buyer agent working for you!

If you like my answer, check like my answer and best answer.
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Fri Oct 22, 2010
Laura Karambelas answered:
I would like to add....


Illinois is a "Judicial State" and the lender can place a "deficiency judgement" or "forgive the debt".....I would suggest you speak with an attorney regarding your foreclosure as they would be the best resource to explain any legal ramifications with a foreclosure and help you through the process.

Good Luck!
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Sat Jan 26, 2008
Ruthless answered:
Miguel:
Good news, bad news. First good news is you are still hanging in there, congratulations. I know its hard, one day at a time. Next good news, buyers are starting to come out again and the spring market is starting earlier because everyone seems to have held off for so long.

The bad news is housing prices went down for the first time in over 40 years. Things in general are probably getting worst. You need to start looking at alternatives if your house doesn't sell. Do you have to sell? What expenses could you get rid of? How could you perhaps earn more money?

Go to your boss, ask for a raise. Go to your lender, ask them to waive one payment (tack it onto the end of your loan). See what you have that you could sell on Craigslist.

Good luck,
Ruth
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