Comments for My Blog About Chicago Short Sales & Chicago Loan Modification Help.We answer a question from a homeowner facing foreclosure http://chicago-shortsaleblog.com Helping Homeowners in Chicago Avoid Foreclosure Fri, 05 Nov 2010 10:32:45 +0000 hourly 1 http://wordpress.org/?v=3.3 Comment on We answer a question from a homeowner facing foreclosure by Rick Dawson http://chicago-shortsaleblog.com/2010/11/wall-street-firms-strategically-walking-away-from-their-upside-down-properties/#comment-716 Rick Dawson Fri, 05 Nov 2010 10:32:45 +0000 http://chicago-shortsaleblog.com/?p=479#comment-716 Interestingly, more and more lenders are also purposely failing to pay the tax bill, knowing that if the property is auctioned, they can apply for any overage that is created. This happens if a tax sale bidder pays more than what's owed. In almost all states where this can occur, the bank can come and claim the overage. Definitely applies in Florida. But this would only happen after a tax lien sale occurred and over 2 additional years (minimum) went by, and the property was subsequently offered at a tax deed sale. Interestingly, more and more lenders are also purposely failing to pay the tax bill, knowing that if the property is auctioned, they can apply for any overage that is created.

This happens if a tax sale bidder pays more than what’s owed. In almost all states where this can occur, the bank can come and claim the overage.

Definitely applies in Florida. But this would only happen after a tax lien sale occurred and over 2 additional years (minimum) went by, and the property was subsequently offered at a tax deed sale.

]]> Comment on Chicago Short Sales: Another Short Sale Success Story by admin http://chicago-shortsaleblog.com/2010/09/chicago-short-sales-another-short-sale-success-story/#comment-407 admin Sat, 16 Oct 2010 06:03:55 +0000 http://chicago-shortsaleblog.com/?p=389#comment-407 thanks... send me anyone you know in a short sale situation. thanks… send me anyone you know in a short sale situation.

]]> Comment on Fannie Mae & Freddie Mac are cracking down on lenders by admin http://chicago-shortsaleblog.com/2010/10/fannie-mae-freddie-mac-are-cracking-down-on-lenders/#comment-406 admin Sat, 16 Oct 2010 06:03:42 +0000 http://chicago-shortsaleblog.com/?p=400#comment-406 thanks... send me anyone you know in a short sale situation.. thanks… send me anyone you know in a short sale situation..

]]> Comment on Chicago Short Sales: What is a Short Sale and How Does It Work? by admin http://chicago-shortsaleblog.com/2010/10/chicago-short-sales-what-is-a-short-sale-and-how-does-it-work/#comment-405 admin Sat, 16 Oct 2010 06:03:30 +0000 http://chicago-shortsaleblog.com/?p=395#comment-405 thanks... send me anyone you know who is in a short sale situation thanks… send me anyone you know who is in a short sale situation

]]> Comment on Chicago Short Sales: Another Short Sale Success Story by Real Estate Short Sale http://chicago-shortsaleblog.com/2010/09/chicago-short-sales-another-short-sale-success-story/#comment-360 Real Estate Short Sale Wed, 13 Oct 2010 06:07:58 +0000 http://chicago-shortsaleblog.com/?p=389#comment-360 These post are a good source of hope for all these homeowners who are stuck in short sale warp not going further. These post are a good source of hope for all these homeowners who are stuck in short sale warp not going further.

]]> Comment on Fannie Mae & Freddie Mac are cracking down on lenders by Jason Trotman http://chicago-shortsaleblog.com/2010/10/fannie-mae-freddie-mac-are-cracking-down-on-lenders/#comment-335 Jason Trotman Wed, 06 Oct 2010 22:05:40 +0000 http://chicago-shortsaleblog.com/?p=400#comment-335 I think you are absolutely right. Banks have not been doing their job for a long time. I deal with homeowners who find it impossible to get approved for modification or short sales. The simple truth is banks prefer to foreclose on homeowners instead on working to keep them in the home. The bank will write-off the loss and gain possession to sell it in bulk to investors. It is a daily struggle for troubled homeowners. I think you are absolutely right. Banks have not been doing their job for a long time. I deal with homeowners who find it impossible to get approved for modification or short sales. The simple truth is banks prefer to foreclose on homeowners instead on working to keep them in the home. The bank will write-off the loss and gain possession to sell it in bulk to investors. It is a daily struggle for troubled homeowners.

]]> Comment on Chicago Short Sales: What is a Short Sale and How Does It Work? by jason http://chicago-shortsaleblog.com/2010/10/chicago-short-sales-what-is-a-short-sale-and-how-does-it-work/#comment-316 jason Tue, 05 Oct 2010 01:01:16 +0000 http://chicago-shortsaleblog.com/?p=395#comment-316 good job, i like this post. good job, i like this post.

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