Assuming you are attending or have attended Great Lakes academy, maybe?
I'd be happy to help you with some other ideas. Feel free to call, write or text and tell me a little about yourself.
What exactaly are you looking to do? A lease, or a lease option? Have you looked into the possibility of getting a mortgage? I work with investors that sometimes facilitate these sorts of transactions. If you would like to, please reach out.
Broker Baird & Warner
This is really a legal question and I would strongly recommend you consult with an attorney. However, if you are talking about getting paid TWICE then, in my lay opinion, the answer is no. The bank is entitled to be made whole, paid in full, but they are not entitled to receive anything more than that. Just double check that answer with an attorney, please!
We as agents cant steer you toward a popular school district or steer you away from a less exceptional school. This link has Illinois schools you can compare ratings from student test scores and dollars spentt per student, classroom sizes, numbers going onto college. Hope it helps!
In most cases no one is paying the property taxes if the mortgage is not being paid. In some cases where towns and cities can take properties by tax deed for unpaid taxes the bank who has the mortgage on the property will pay the minimum to keep it from going to tax auction.... more
Vacant is not a defined MLS parameter, rent with option to buy is. If a home is vacant usually it is under foreclosure/short sale and bank wont go along with a more complex transaction. Plenty of rentals out there, not many incentives for a seller to lock in a price today because you have a credit problem with getting a mortgage now.... more
Your best bet would be to hook up with a realtor and ask for a Comparative Market Analysis, or CMA. A CMA will provide you with recently sold property which is similar to your property. Using this data you will begin to have some kind of idea as to the value of your property.
Is this a good time to sell? That question is better left to a realtor who knows that area, and the market for land. In my area land sales have been very slow.
PMI does not cover the owner of the property. It only insures the lender for the portion of the loan that exceeded 80 percent of the value of the property on the date you obtained the loan. If you fail to make your payments or walk away from the loan and never pay it back or if you sell the home for less than the value of the mortgage, the lender has insurance on that portion of the loan.
When you failed to make your payments your lender probably filed a claim with the PMI company. The PMI company may pay off that claim with your lender and the lender may then sell the loan to a new lender.
That new lender then has the right to collect from you the full amount owed under the loan. In some cases, if the PMI company paid off the claim, the PMI company could come after you for the repayment of the amount paid to the first lender for the PMI claim.
There are some exceptions in which the homeowner might not have to pay the full amount of the loan back to the lender. One of these exceptions is when the borrower files bankruptcy and all or part of the loan debt is released. Every situation is different and I advise that you ask questions to all parties involved to get a complete understanding that is specific to your situation. I hope this helped. Good luck to you.... more