Foreclosure in Chicago : Advice

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Mike Opyd, Real Estate Pro in Near North Side, Chi...
Mike Opyd answered:
n. campbell #2A. is this unit availalbe?
Can you please provide the full address for this one?
0 votes Share Flag Wed Mar 25, 2015 Foreclosure in West Town
Greg Zajdel, Real Estate Pro in 60004
Greg Zajdel answered:
Are short sales worth the time and effort for Brokers?
Of course. These are great listings. We got paid usually more ...
0 votes Share Flag Sat Feb 28, 2015 Foreclosure in Chicago
Kelly Sourwi…, Real Estate Pro in 60515
Kelly Sourwine answered:
CAN A REAL ESTATE AGENT BUY A DISTRESS PROPERTY?
Yes, an agent can purchase property at any time as long as they disclose that they are a licensed agent.
0 votes Share Flag Sat Feb 21, 2015 Foreclosure in 60619
Mike Opyd, Real Estate Pro in Near North Side, Chi...
Mike Opyd answered:
If you are a distressed homeowner, would you rather look at homes to rent or homes to rent to own?
I know this is an old question but rent to own homes really dont exist, stick with rentals.
0 votes Share Flag Wed Nov 5, 2014 Foreclosure in Chicago
Mack Alsaidi, Real Estate Pro in 60201
Mack Alsaidi answered:
how many bedrooms and baths?
It's tough to tell without a property address.
0 votes Share Flag Mon Oct 27, 2014 Foreclosure in Clearing
Matt Laricy, Real Estate Pro in Near North Side, Chi...
Matt Laricy answered:
as the seller in illinois I can't afford the transfer fee in a bank owned short sale. What can I do?
If its a short sale, the bank covers your closing statements.
0 votes Share Flag Wed Oct 15, 2014 Foreclosure in Chicago
Matt Laricy, Real Estate Pro in Near North Side, Chi...
Matt Laricy answered:
Renting a house and there was a judgement of foreclosure and a auction sale date which is next month. the landlord tells me she is selling can she?
She can sell and if she gets extensions, its very well she is correct. I would still contact my attorney to make sure.
0 votes Share Flag Wed Oct 15, 2014 Foreclosure in Chicago
Annette Lawr…, Real Estate Pro in Palm Harbor, FL
Annette Lawrence answered:
Buying a Freddie Mac property, - there's a FM owned I've found should I offer the full amount? what kind of offer should I make?
Question posted Dec 2010

Knowing what to offer requires identifying the strategy being used by the selling broker.
Some strategies start low and sell in 30 days.
Others start high ... more
0 votes Share Flag Fri Oct 10, 2014 Foreclosure in 60602
Terry  Perdue, Real Estate Pro in Chicago, IL
Terry Perdue answered:
Will Freddie Mac accept a home sale contingent contract?
You can request a blank Freddie Mac addendum and read it. I know that on the Freddie Mac offers that I've submitted they will upon acceptance have the buyer acknowledge their addendum t ... more
0 votes Share Flag Fri Oct 10, 2014 Foreclosure in 60602
Todd Shissler, Real Estate Pro in Chicago, IL
Todd Shissler answered:
S Wells St #1239 is it for sale for $50150 thanks
You should always talk with a realtor and verify what you see in Trulia or Zillow. The MLS should be the only trusted source for information.
0 votes Share Flag Tue Oct 7, 2014 Foreclosure in Loop
Mike Opyd, Real Estate Pro in Near North Side, Chi...
Mike Opyd answered:
Who is responsible for HOA lien after foreclosure sale?
Yes and its negotiable. More often then not the buyer will have to cover the 6 months of unpaid taxes and assessments.
0 votes Share Flag Fri Sep 5, 2014 Foreclosure in Chicago
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
My question is has anyone come across a deal where the Seller(bank) pays the assessments and now includes it on a new purchase price?
Each bank has their own view of what they will ask, how they set the price and what they will or will not cover for fees. Reasonable banks include the assessments or back hoa. Not all ... more
0 votes Share Flag Wed Jul 23, 2014 Foreclosure in Chicago
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
Tenant in a foreclosed unit, was offered cash for keys. Should I take it or stay full 90 days? But I stopped paying rent when it was sold at auction..
The bank does have the right to collect rent if you stay there. I would think you would want to take the money and move on. In cases where i am offering CFK on my bank owned listings pa ... more
0 votes Share Flag Tue Jul 15, 2014 Foreclosure in Chicago
Bill J Delig…, Real Estate Pro in Chicago, IL
Bill J Deligiannis answered:
I'm trying to start a business cleaning out foreclosed homes in Chicago and I'm looking for information about the basics and how to proceed.
Also - contact Realtors who focus on REO's. They may be able to provide you some contact info.
0 votes Share Flag Fri Jun 27, 2014 Foreclosure in Chicago
Todd Shissler, Real Estate Pro in Chicago, IL
Todd Shissler answered:
Hello I am intested in buyinbg this condoN Sheridan Rd #709. Is it still available?
What is the exact address? I am happy to look it up for you. Please feel free to contact me. 312-602-5711
0 votes Share Flag Tue Jun 24, 2014 Foreclosure in Edgewater
Jeff Nobleza, Real Estate Pro in 60640
Jeff Nobleza answered:
My home foreclosed, was offered cash for keys in 3 weeks. If I refuse how much longer can I stay before evicted?
You have not paid your mortgage, got foreclosed on, was offered cash for not paying your mortgage ( a legal document where you promise to pay back money that you borrowed) and now you a ... more
2 votes Share Flag Fri Jun 20, 2014 Foreclosure in Chicago
Matt Laricy, Real Estate Pro in Near North Side, Chi...
Matt Laricy answered:
Condo purchase at judicial sales auction--6 months back assessments
Call a attorney up. They can help.

I would refer Joe Talarico
708-687-8200
joe@talaricolaw.com
0 votes Share Flag Fri Jun 20, 2014 Foreclosure in Chicago
Mike Opyd, Real Estate Pro in Near North Side, Chi...
Mike Opyd answered:
Help! Does a buyer have to pay back assessments that are owed if he bought the property from a tax sale?
Its possible for up to 6 months worth.
0 votes Share Flag Thu Jun 19, 2014 Foreclosure in Chicago
amora304, Home Buyer in Putnam Valley, NY
amora304 answered:
Any feedback on CREDENCE LAW GROUP?
cesar Mora (914)438-0429
Do not make any deals with this company, they are a scam. i have talked to Byron Landau himself that promise to do anything in his power to fixed the promise t ... more
0 votes Share Flag Thu Jun 5, 2014 Foreclosure in Chicago
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