Foreclosure in Chicago : Advice

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Karen Breen…, Real Estate Pro in Chicago, IL
In September, the number of properties that received a foreclosure filing in Chicago was 2% higher than the previous month and 19% lower than the same time last year, according to RealtyTrac.com.Chicago… Read more
Blogged yesterday, 12:38pm by Karen Breen Elia, ABR, CRS General Area Market Conditions Foreclosure
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Mack Alsaidi, Real Estate Pro in Near North Side, Chi...
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 727.420.4041 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
John Meyers, Real Estate Pro in Park Ridge, IL
Income properties have consistently proven to be excellent long-term real estate investments. Where else will renters buy your real estate investment for you within 10 years? – For example, if you purchase… Read more
Blogged Mon Oct 6, 2014 by John Meyers Foreclosure Rentals Investment Properties
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Karen Breen…, Real Estate Pro in Chicago, IL
In August, the number of properties that received a foreclosure filing in Chicago, IL was 2% lower than the previous month and 14% lower than the same time last year, according to RealtyTrac.com.Chicago… Read more
Blogged Thu Oct 2, 2014 by Karen Breen Elia, ABR, CRS General Area Market Conditions Foreclosure
Mario Greco, Real Estate Pro in Chicago, IL
Foreclosures and short sales continue to be a problem in the Chicago area, according to a recent story by Crain's Chicago Business . According to the story, Illinois in July had the country's fifth-highest… Read more
Blogged Thu Sep 25, 2014 by Mario Greco General Area Market Conditions Foreclosure
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Goran Utvic, Real Estate Pro in 60656
http://www.chicagorealestatereader.com/new-rehab-loan/ Attention First Time Home Buyers and Investors...there is a new rehab loan program recently launched by Fannie Mae that allows you to purchase a… Read more
Blogged Wed Sep 24, 2014 by Goran Utvic Home Buying Foreclosure Investment Properties
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Chicago Mort…, Real Estate Pro in Chicago, IL
Hi everyone,For the regular readers, I apologize for the absence lately. I've been in the process of transitioning to my new company and running around like mad man!This is just an announcement about Fannie… Read more
Blogged Thu Sep 18, 2014 by Chicago Mortgage (JP Marzano) Home Buying Financing Foreclosure
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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
Karen Breen…, Real Estate Pro in Chicago, IL
In July, the number of properties that received a foreclosure filing in Chicago, IL was 13% lower than the previous month and 10% lower than the same time last year, according to RealtyTrac.com.Chicago… Read more
Blogged Fri Sep 5, 2014 by Karen Breen Elia, ABR, CRS General Area Market Conditions Foreclosure
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Brendan Ross, Real Estate Pro in Chicago, IL
Who should consider a short sale?Homeowners that have a hardship and an underwater mortgage should consider a short sale of their property. Typically, a hardship can mean:Reduction in… Read more
Blogged Fri Aug 15, 2014 by Brendan Ross Home Selling Financing Foreclosure
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Brendan Ross, Real Estate Pro in Chicago, IL
Top 10 things you should know about short salesHere are ten important points to remember about short sales:1) They take time. On average, short sales take about 3 months, but it will ultimately depend… Read more
Blogged Fri Aug 15, 2014 by Brendan Ross Home Buying Home Selling Foreclosure
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Brendan Ross, Real Estate Pro in Chicago, IL
From Chicago Real Estate DailyHousing is recovering, but some high-end homeowners are still battling a problem that has faced many in lower tax brackets: foreclosure suits.The largest residential cases… Read more
Blogged Fri Aug 15, 2014 by Brendan Ross General Area Home Selling Foreclosure
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Brendan Ross, Real Estate Pro in Chicago, IL
From our friends at NAR:Fannie Mae and Freddie Mac, the Government Sponsored Enterprises (GSEs) announced changes to their Standard Short Sale and HAFA guidelines to improve transparency and marketing… Read more
Blogged Fri Aug 15, 2014 by Brendan Ross Home Buying Home Selling Foreclosure
Brendan Ross, Real Estate Pro in Chicago, IL
Advice for Buyers of Short Sales-Typically short sales will be in decent condition; better than a foreclosure. Often times the homeowner will still be living there. -If you would like to purchase a short… Read more
Blogged Fri Aug 15, 2014 by Brendan Ross Home Buying Home Selling Foreclosure
Karen Breen…, Real Estate Pro in Chicago, IL
In June, the number of properties that received a foreclosure filing in Cook County, IL was 10% higher than the previous month and 30% lower than the same time last year, according to RealtyTrac.com.Cook… Read more
Blogged Mon Aug 11, 2014 by Karen Breen Elia, ABR, CRS General Area Market Conditions Foreclosure
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