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Foreclosure in Belleville : Real Estate Advice

  • All98
  • Local Info12
  • Home Buying33
  • Home Selling3
  • Market Conditions4

Activity 7
Fri Nov 15, 2013
Suzanne Hamilton answered:
If you are on the title, it will affect your credit. Sometimes banks just go after the property - but you should talk to an attorney. Maybe it is a potential for a short sale, maybe the bank will allow that. There are implications in all - best speak to an attorney. ... more
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Thu Nov 14, 2013
Vicki Burdess answered:
It should come on the market but it takes a long while. Have your agent keep checking for it. If you
have not got a agent I would be happy to help you. My name is Vicki Burdess with Strano and Assoc. ... more
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Tue Feb 26, 2013
Yolanda Hoversten answered:
This might be too late to help you, but I just want to address your question about having a termite inspection (or any inspection) before an accepted contract. There's no law in IL that I'm aware of that prevents a buyer to have inspections before contract. As long as there's permission from seller to do so, buyers can have, and pay for any inspections on the property, even before buyer makes an offer.

However, realize that inspection fees are out of pocket costs for the buyer, and is not refundable. Best of luck to you.
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Fri Apr 22, 2011
Robertrobert answered:
Sun Nov 14, 2010
Keith Manson- Metro Milwaukee Wisconsin answered:
A heloc is going to be a recourse loan. It was created by the banks to create loan that used the property as security for using your has for a credit card. This is the same as a second mortgage. Even if you let the property go to foreclosure you will more than likely have the bank coming after you to collect.

Keith Manson
First Weber Group
Certified Distressed Property Expert
Metro Milwaukee
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Wed Aug 19, 2009
Dallas Texas answered:
Banks take their own time it not a normal transaction as if you are dealing direct with property owner. In most normal circumstance if lender prefers your sales offer you may have a response within 72 working hours. If they don't you may have zero response.

We instruct buyers keep looking have back up properties .

National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
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Sat Jul 5, 2008
Mark Roncone answered:

I think you should contact a real estate attorney ASAP and see if they can help.
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