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Palos Heights : Real Estate Advice

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  • Local Info3
  • Home Buying3
  • Home Selling0
  • Market Conditions1

Activity 12
Wed Mar 18, 2015
Ron Krauch answered:

I only saw your request from last year a few moments ago. Did anyone every partner with you over foreclosures at Lake Katherine? If you're still interested, I can easily get them for you.

Ron Krauch
Emerald Estates Realty, Inc.
Palos Heights, IL 60463
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0 votes 1 answer Share Flag
Fri Jun 6, 2014
Nicholas S Nelson answered:
Good Morning,

Check with a bank in your area. Some lenders participate and offer the Smart Move. I have a similar product called "Down Payment Plus". It gives up to $8,000.00 toward down payment &/or closing cost assistance. Please contact me at the below phone or email if you would like more information.

Good Luck,

Nick Nelson (NMLS#384413)
Mortgage Lender
Community Bank of Rockford, A Division of Harvard State Bank
2470 Eastrock Dr.
Rockford, IL. 61108
815-289-0880 - Cell - Email
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0 votes 1 answer Share Flag
Sun Sep 15, 2013
Thomas Young answered:
From my experience with 203k loans, the best advice is to use a lender that offers assistance via third party with 203k processing.
This shortens the closing time by weeks. Try for more information. ... more
0 votes 8 answers Share Flag
Mon Aug 26, 2013
Suzanne Hamilton answered:
There are several different kinds of townhomes here that have sold from $219-283k.

Please to feel free to call and I can give you specifics. I am very familiar with this area.

Suzanne Hamilton
Managing Broker/Owner
RE Homes Source
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0 votes 3 answers Share Flag
Fri Apr 19, 2013
Joe Simpson answered:
lots are going for 150k-175k, this being on rt 83 I would say closer to 150k-Joe Simpson Coldwell banker 708-460-4900
0 votes 2 answers Share Flag
Tue Apr 9, 2013
Kevin Hudoba answered:

Are you still having challenges selling your home or have you resolved the problem?

I've sold a number of homes in Oak Lawn in the past year. What's your property address?

I would like to look up the listing to give you an idea about whether the problem is actually photos/marketing rather than the radon system.

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0 votes 6 answers Share Flag
Tue Apr 9, 2013
Kevin Hudoba answered:
Hello Bee,

I'm a local agent in the Palos Heights area. Are you still looking for a home or have you already found what you are looking for?

Below is the link to my profile. Feel free to call or email me if you have any questions.

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0 votes 2 answers Share Flag
Tue Apr 9, 2013
Kevin Hudoba answered:
Sun Mar 17, 2013
Paul Cionczyk answered:
It is possible, but not probable. A smart landlord would not want to risk anything tied directly to his/her name not getting paid, especially taxes, insurance, or mortgage. Any of those will create a risk for the landlord if they do not get paid.

Paul Cionczyk-Broker
Coldwell Banker Residential Brokerage
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0 votes 3 answers Share Flag
Wed Jun 6, 2012
Suzanne Hamilton answered:
There is some mix in these areas, but typically, Palos Park has more expensive homes then Palos Heights, then Palos Hills. However, there are exceptions and there are some blending. I just call it the Paloses. But there are differences in the housing stock. Palos Park has more of the newer and more custom single-family homes. But I really like all the areas and have sold homes there and all three of the Paloses have a good variety of houses for sale and a wide variety of price ranges.

If you are interested in looking, I can send you a FREE search with homes in the area and criteria you like. Then you decide which Palos is the priciest and which are you like the best. All three are within 5-10 or less minutes from each other driving.

Suzanne Hamilton
RE Marketing Consultants, Inc.
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0 votes 1 answer Share Flag
Sat Dec 24, 2011
Rob Weber answered:

I see you're local to me.

A 203k is certainly the way to go as stated earlier. I"m sure you also know by now that your home's recent purchase is creating a seasoning issue on any equity you have so a home equity line is out of the question.

I do a LOT of these loans (I've given 10 pre-approvals/applications in the past two weeks for them), I would be happy to assist you. You may contact me tomorrow if you'd like until 2PM at my cell number (my website and my profile has it) otherwise I'll be available all day Monday.

The thread below has a long post about the 203k to educate yourself on it. The very bottom post is mine and the very top one.

Additionally, I'm a published writer on this subject so you don't have to worry about me "bluffing" my way through it like my boss likes to say (in reference to other loan officers :).
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1 vote 4 answers Share Flag
Tue Jan 18, 2011
Alo webb answered:
Yes. You have the right to file a criminal complaint against the broker with the local district attorney if you reside in Chicago. Chicago's Municipal Code 5-12-095, requires a landlord to notify all tenants in writing within 7 days of being served a foreclosure complaint of the foreclosure action. If the owner or landlord failed to comply the tenant can terminate the lease with a 30 day notice. If a civil proceeding is commenced the tenant can sue for a maximum of $200 in damages as well as seek the return of any monies paid to the landlord. For the sake of this discussion lets assume the Broker is aka the landlord.

Obviously, if you are in a city in Illinois which follows the laws of Chicago the courts will start out from the premise that the Broker had criminal intent if she failed to notify you in writing of the foreclosure proceeding.
Additionally, the broker has an ethical responsibility to notify you of any adverse liability with the property and can stand to lose here license if a complaint is filed with the Board of Realtor's and they conclude the same. If you decide to pursue a course of action you should file the complaint with the District Attorney in your area. To receive detailed information about the tenancy and foreclosure laws in your state you can also receive more information here,

The foreclosure process in Illinois is Judicial ( In Court) and normally completed in 12-15 months if uncontested by the homeowner. To review the foreclosure process in your state you can click the link and select your state,

Obviously, you have to determine the status of the foreclosure proceeding to gain some idea if your rights was violated by the rental agreement and the length of time before the foreclosure process is completed. I must also EMPHASIZE to you, that if at the time you entered into the lease agreement the foreclosure notice was not yet filed the owner did not violate any laws. To determine the foreclosure filing information you can visit the office of the county clerk where the property is located, check online with the office of the county clerk or request a foreclosure report here,

I really sympathize with your situation because all this could have easily been avoided if you was a member in the FORECLOSURE PROTECTION program above. Nonetheless, as you have seen the members on this site will do everything we can to point you in the right direction and or link you with resources that can provide answers.

Good Luck
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