Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Foreclosure in Evanston : Real Estate Advice

  • All218
  • Local Info14
  • Home Buying47
  • Home Selling5
  • Market Conditions15

Activity 4
Fri Oct 4, 2013
Rebeccatrulia answered:
Hi Neil Faulkner

A Reverse Mortgage is designed to be the last loan you may ever need. It works opposite a traditional mortgage. Rather than making monthly payments to pay off a loan as is the case with a traditional or forward mortgage, with a reverse mortgage the equity in your home pays you. Since there are no monthly payments, there is no income or credit qualification required.
... more
0 votes 6 answers Share Flag
Mon Feb 22, 2010
Andrew Ennes answered:
To M. Thomas,
When you state "because the prop is not on thier radar", do you mean the bank is not as motivated to agree to a price drop during the short sale?
0 votes 3 answers Share Flag
Sun Jan 31, 2010
Dianne Hicks answered:
Yes, he can give you 10 days notice that he stopped paying his insurance. I suggest you make sure you get some coverage on your own until you can change your circumstances.

Kindest Regards,
Dianne Hicks
... more
0 votes 3 answers Share Flag
Search Advice
Foreclosure in Evanston Zip Codes