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Foreclosure in Plainfield : Real Estate Advice

  • All142
  • Local Info11
  • Home Buying48
  • Home Selling5
  • Market Conditions9

Activity 17
Mon Mar 25, 2013
Riccardo Wardlow answered:
You should get a notice to vacate then you will have 30 days after that.

Sean Cochran
Quality Mortgage Lending
630-470-6830 office
630-330-2229 cell
* FHA loans down to a 580 Fico Score
* No Money Down Purchase Programs
*$100 Down Payment Purchase Programs
Unlimited loan to value refinances on Fannie and Freddie
Same Day Purchase Pre Approvals
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Mon Mar 25, 2013
Riccardo Wardlow answered:
Let me start off by saying you need an attorney. is a very good foreclosure defense firm that I know of.

Having said that.... the first thing you need to to is respond to the summons. (ideally a lawyer will do this for you), then after that there is quite a lengthy process involved in order to actually get you removed from the property.

Even if you did nothing, you would probably still be in the home a year from now. If you fight, you can either end up getting a modification OR your lawyer can stall the process and have you in the home even longer.

Sean Cochran
630-470-6830 office
630-330-2229 cell
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Mon Mar 25, 2013
John Bates answered:
Do you have equity in the home? Could it be sold for more than what is owed? I would be happy to take a look at the home to give you an idea of value. I can also give you ideas of the time frame for foreclosure and how to extend the time line. ... more
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Sun Nov 11, 2012
Deallen answered:
From my understanding, A investor buys a property at action, gets a receipt of sale, and once the courst finally approve the sale, then a deed. From there, the investors are usually the ones that will offer an occupant cash for keys, so that they could avoid going through a lengthly eviction process. ... more
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Mon Mar 25, 2013
Laith Kubba answered:
Tue Jul 31, 2012
Tim Moore answered:
Sounds like you need to discuss this with a lawyer because it sounds like it is heading to foreclosure and as a co-signer your credit will be damaged. If you don't speak to a lawyer at least talk to the lender about options. ... more
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Fri Jul 27, 2012
Junior Godinez answered:
i can help if you have any questions con hesitate to contact me at 773-474-4033
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Mon Nov 14, 2011
Dan Firks Defined Realty Group answered:
I don't see that address in the mls. Please visit my site to search for past sales and current homes.
0 votes 6 answers Share Flag
Thu Sep 22, 2011
Anthony Cavalea IV answered:
I don't think they've complete foreclosure process on that property yet. And it still would need to be listed on the market.
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Wed Jun 22, 2011
Gary Lee answered:
I don"t know the history, but are you working with your agent?If not, get the listing agent involved. The title company can only request payoffs, resale certificates or for transfer fees. The seller must work with Title to get everything completed. Hope this helps ... more
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Sun Sep 12, 2010
Inaas Arabi answered:
Ez4u, thanks for your question and using to find out answers to your questions...

As for the list... what people are reffering too is to get on the approved vendor list of the asset managment compaines. When you get approved as a vendor that means that asset management company will possibly use your service when needed. Please note being on the list does never guarantee that you will get business it just means that the asset management company looked at your company and found out that you are trust worthy to work with them if needed.

My advice is for you to research asset management companies and apply on their site if possible to become an approved vendor if their website does not have this option then call them to find out how you go about doing that... please keep in mind getting on anyone's list will take time..

I know of some people who sells lists for these companies but the most economical way to get this done is by doing a search on Google for the term asset management company. Find their website and proceed from there.

Good luck with it...

Best Regards,
Inaas Arabi
Re/Max of Naperville
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Wed Sep 22, 2010
Deb answered:
Ps don't I have the right to call and find out? I have read where people are aloud to call every day whether they have a Realtor or not!
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Wed May 12, 2010
Anna M Brocco answered:
Depends on the lender, some are quicker than others in response time--what is your agent advising as to an expected time frame.
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Sun Sep 12, 2010
Anna M Brocco answered:
Depends--assessments for the most part are done yearly, so they could go up or down--taxes should however, be re-verified before purchasing--once you become the owner, you could file a grievance if you deem them too high--sometimes grievances are successful, other times not. Keep in mind if extensive renovations are done, such as an addition/extension, etc. they will go up. ... more
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Mon Dec 14, 2009
Michele Nixon answered:
Good morning,

Typically, the bank holding the note foreclosure will have all pre-paids (such as taxes) taken care of prior to conveying title. However, it is the bank's prerogative to decide what they want the buyer to pay and that varies from bank to bank and isn't respective of a VA loan. The listing agent should be able to provide exact information and if she doesn't know, she should find out. Or the agent you're using to purchase can assist with that.

Good luck!

Michele Nixon
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Wed Sep 9, 2009
Golf Life LLC answered:
I think you should contact your agent right away to review your concerns. In addition to looking at the comparable sales, you can take a look at the active market activity as another measure. In either case, time is of the essence and you should talk with your agent. ... more
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Fri Jun 26, 2009
Tracey Simms answered:
No, It will still show as a foreclosure and will remain on your credit report for 7 years
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