Asked by Pahoh1, Chicago, IL • Fri May 3, 2013
I have a condo is Chicago (I now live in another state) that I've been trying to short sale for almost 2 years. The bank has dragged it's feet on multiple offers and they have all fallen through because the contracts expired. The most recent offer they kept telling us was not enough even though it's the highest offer we've ever gotten on the property and in the building, which has multiple short sales and foreclosures. Today, they declined a DIL and said management decided to move it into foreclosure next month. At this point, is there anything I can do prevent the foreclosure sale? Since IL is a recourse state should I be worried about the bank pursuing me after the sale?
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