FAQ

Q. What happens after foreclosure?

After a judgment is made in foreclosure proceedings in Illinois there is an auction the lender usually starts the bid out at what the mortgage amount was unless it is worth more. These days very few of the homes sale at the sheriff's auction.

In Illinois you have a 30 day right to redemption, meaning that you have the option to bring your loan current. If you do not exercise this right who ever bought the property at auction becomes the owner of property.

If you still live in the property they will then start the eviction process and could have you removed from the property as fast as two weeks. This process start out with a 5 day eviction notice. If you are not willing to leave, the Sheriff of that County will physically remove you and your personal property from the premises.

After the foreclosure process completes and the eviction process is complete. Your credit will be destroyed for 10 year or more and now the lender will come after you to garnish any wages you have and take any assets you own.

This is why a "SHORT SALE" is the better option. You could walk away "DEBT FREE" from the mortgage.

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Q. What is a Short Sale?

A Short Sale is when the lender agrees to accept less money than owned on the property as payment in full. Lender especially these days are willing to take huge losses.

I actually see homes selling as low as $19,000.00 that sold for $120,000.00 three years ago and this is going on across the board with homes in the $500,000.00 selling in $200k and $300k range. It is horrible. I know this is nothing you haven't heard of or experience yourself. This just information that I think is important to know if you are not aware of this.

A Short Sale is a great options to avoid foreclosure. You can walk away debt free and start over. If you are interested in this option or other options please give us a call. We will work very hard for you and your family. You will be happy that you called us in the end.

Q. How much will you pay me?

We are dedicated to making you a fast cash offer that will be “win, win” for both of us. We are committed to providing you the fastest, possible, stress-free sale.

We have a number of personalized purchasing programs. Each has their own methods and formulas to determine how much we can pay for a home or property. And allow you to benefit from the fastest possible sale and to sell your property without doing any work or repairs.

How much we can pay for your home or property will be based on many factors. These include the condition and repairs that are needed, the time factor, whether you need to be cashed out, or if a creative solution can be achieved.

Q. Is there any risk, obligation, or charge?

You have no obligation or risk to let us asses your property and particular situation. They will at no charge, fee, or commission present you with a positive solution that is “win, win” for both of you.

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