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Foreclosure in Berwyn : Real Estate Advice

  • All114
  • Local Info6
  • Home Buying41
  • Home Selling11
  • Market Conditions1

Activity 11
Rex001inc, Home Buyer in New York, NY
Tue Apr 21, 2015
Rex001inc asked:
the house I rent and live in Chicago Illinois has been sold in a sheriff sale the new owners Realty Group are now offering me a new lease which is more money that I paid before I cannot…
0 votes 0 Answers Share Flag
Bubbles, Home Buyer in Berwyn, IL
Thu Aug 2, 2012
Bubbles asked:
if bank denies modification wont extending the years on your mortgage to 40 yrs then 30 help? or how low can a bank lower the interest rate on your mortgage?i wonder do banks really want…
0 votes 0 Answers Share Flag
Jim Simms, Real Estate Pro in Louisville, KY
Mon Jul 2, 2012
Jim Simms answered:
Two years and counting, but I don’t see that you have ever actually listed your home for sale,

Jim Simms
NMLS # 6395
JSimms@cmcloans.com
Financing Kentucky One Home at a Time ... more
0 votes 3 answers Share Flag
John Potter,  in Cook County, IL
Mon Feb 20, 2012
John Potter answered:
The owner decides short sale yet the bank must approve and may not. A bank forecloses and they decide to sue the owner for non payment of mortgage. The owner decided not to pay mortgage. ... more
0 votes 1 answer Share Flag
Bob Movin-On,  in Hartford, CT
Mon Dec 12, 2011
Bob Movin-On answered:
Until the house forecloses and the bank takes tittle, the person currently holding the title owns the home and they can do what ever they please. If the bank has taking possession then only the thing that are not attached.

Good Luck
Bob Patrick
Buy a home after foreclosure, short sale, deed-in-lieu-of or bankruptcy expert
Movin-On LLC
Helping families/people that have lost their homes get back into another in as little as 6 months
... more
0 votes 4 answers Share Flag
Shanna Rogers, Real Estate Pro in Murrieta, CA
Fri Dec 2, 2011
Shanna Rogers answered:
Hi Bubbles,

Contact your lender(s) again and ask them if you could possibly do a Short Sale. Also, contact a local Realtor to start the process of a Short Sale as soon as possible (today). A short sale is a better alternative than a foreclosure.

Good luck.

Shanna Rogers
SR Realty
www.RealtyBySR.com
... more
0 votes 4 answers Share Flag
Alex Pereira…, Real Estate Pro in Farmington Hills, MI
Fri Sep 30, 2011
Alex Pereira and Secure Realty answered:
all a forbearance is going to do is allow you to skip or make partial payments for a couple of months and tack the balance to the end of the mortgage. It is meant only as a short term reprieve to stabilize. At some point you will have to analyze (just like the bank did) whether you can truly afford the payment. If you cant, taking a forbearance may allow you to look at selling options and buy you some time until you are able to sell the home. ... more
0 votes 1 answer Share Flag
J R,  in New York, NY
Fri Jun 19, 2009
J R answered:
What is it that you plan on doing with the appliances that you remove? Does the house you're moving into have no appliances?
0 votes 5 answers Share Flag
Laura Karamb…, Real Estate Pro in Downers Grove, IL
Wed May 27, 2009
Laura Karambelas answered:
Hi Melesio-

If you provide an address we should be able to help you. When I looked through our MLS, the least expensive house that is listed is $38,900 on Cuyler. The home you are asking about may not be listed yet or may have closed.

Let me know if I can be of any assistance.
... more
0 votes 2 answers Share Flag
Christine Mo…, Real Estate Pro in Saint Petersburg, FL
Sat Feb 28, 2009
Christine Moscinski answered:
1) You can get a gift downpayment from family.
2) Seller can contribute up to 6% to your downpayment
3) Nehemiah downpayment, no-repayment - Seller signs contribution document. find out more at http://www.getdownpayment.com/hec.cfm

I have some great lenders, and it does not cost you anything to ask questions - email me.

Research and find out. Call different lenders and get good referrals from people that have worked with them in the past who KNOW what they are doing.

I don't understand why the lender you spoke with would NOT advise you on this!

I would find another lender.
... more
0 votes 7 answers Share Flag
Dana Schuster, Real Estate Pro in Slidell, LA
Sun Jan 11, 2009
Dana Schuster answered:
Unless you are applying for a 203K(construction/repair) loan the property has to be in liveable condition. It is not liveable if there are no appliances.
0 votes 1 answer Share Flag
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