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Foreclosure in Geneva : Real Estate Advice

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Randy Schule…, Real Estate Pro in Saint Charles, IL
Mon Apr 29, 2013
Randy Schulenburg answered:
If you would like a current timeline of how long the foreclosure process takes in Kane County, give me a call. I'd be happy to email you the information so that you know the timeline.
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Darlene Coady, Real Estate Pro in Schaumburg, IL
Tue Aug 17, 2010
Darlene Coady answered:
I agree! There is a dizzying amount of misinformation. Most "investors" work with a realtor who specifically searches foreclosed properties for them. And, it is a big investment of time for the realtor, with no "paycheck" until the property is closed. So, the realtor wants to establish that you have the $$$ to buy, and the perserverance to get through the transaction.

Try this, to get started: Go to HMBIWEB, and search through the FHA foreclosures. I am experienced in submitting HUD bids, it's actually pretty interesting, takes a bit of strategy.

Actually calling lenders is a very good idea! They will give you some pretty good references, as they will know the realtors who CLOSE REO transactions! Any questions, you can email darcoady@gmail.com
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