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Updated almost 9 years ago,
Chicago Off-MLS Property ( Foreclosure?)
Hi Bps,
Well, I found a distressed seller through my off-MLS search. Any tips are appreciated. I know I need a lawyer.
The seller is offering teh property through Deedclaim Quit transaction. He claimed bankcruptcy last year.
Water bill either: $5,706 or $11,000, house was vacant for 8 years. The City of Chicago apparently doesn't' give them a straight information.
Q1:
Can I obtain this information from Chicago without a lawyer? Can water bills be negotiated?
As for the property taxes someone is supposedly taking over the house by paying off the taxes.
Q1: I wonder who this "someone may be", see info below
Taxes due $1,222 (I checked online)
Closing cost: 3,000
Asking: $10,000
Liens: $23,000
Seller is asking $39,900 in case there may be a few more issues I'm not aware of that may come up at closing. In case....
I think this smells very strange.
Can anyone recommend a lawyer in Chicago. I don't want to involve my attorney ( family member) on this project.
Thanks!
Frank