Posts Tagged ‘foreclosure’
The 5 Most Difficult Situations Homeowners Face When Selling a House in Chicago
Selling a house in Chicago can be a complex process, and homeowners often encounter challenging situations that can make the sale even more demanding. Read on as we explore the five most difficult situations homeowners may face when selling their Chicago homes and explain how there’s a way out. 1. Foreclosure Foreclosure occurs when a…
Read MoreWhat is a Pre-Foreclosure in Chicago?
With the economy changing, and inflation remaining high, the number of homes across the country going into foreclosure is spiking. It’s important to understand the process beginning-to-end. So what is a pre-foreclosure in Chicago anyway? Inflation is at a forty-year high. Savings are low. Many homeowners across America and Chicagoland are facing difficulties making their…
Read MoreHow to Stay in My Home After Foreclosure in Chicago
A recent study estimates that nearly 50% of foreclosed properties are still occupied. Let that sink in. Half of people (ok, technically 47%) who are foreclosed on are still living in their homes! When you first see that stat you may be surprised… but we’re not. What most people don’t realize is that banks aren’t…
Read MoreUnderstanding the Foreclosure Process in Chicagoland
Understanding the foreclosure process in Chicago is an important part of navigating your own home foreclosure. Before we dive in… Understanding the Foreclosure Process in Chicago What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments. Foreclosure is no fun.…
Read MoreCan I Sell My House in Foreclosure in Chicago?
Do you have a house in Chicago that’s in foreclosure right now? Many people going through the Illinois forelosure process want to get out from under that burdensome house and wonder if they can sell the house in foreclosure. The short answer: yes. The long answer: it’s a little more complicated, but usually you can…
Read More