All Forum Posts by: Account Closed

Here are my answers:
1. Most Counties maintain a database with such properties. Research well and ask local real estate club members.
2. Hire a good attorney who can help you throughout the process. Do not settle on average, please !
3. Read this book: How to invest in RealEstate without Banks by Marko Rubel 
     Attend one of his RE meeting if you  can (nothing is really free)
4. Read:
Way of the Wolf
Fanatical Prospecting, and others

Hey Austin

Well I was able to buy a property 'Subject To' existing financing in almost 3-4 months of persistent efforts.
It takes a lot of ground work but the reward is definitely worth it. 

It may not be a very good strategy for a beginner like myself but again after going through the complicated process of acquiring first property you may not want to buy any other way. 

I negotiated with the tenant and got her out last week.
Thank you so much for your help everyone.

I appreciate it.

Hello Folks,

I am currently looking for a good Chicago eviction attorney.
The property is located in South side of Chicago.

Can you please provide reference ?

Thanks
Abhijeet 

Thank you for the references.
I will check them.

Hello,

I have sold a property in Schaumburg last year on an 'Articles of Agreement for Deed'.

The tenant buyer was always late on his payments since we got in this contract and he has not paid last 2 months (Jan-Feb) mortgage yet.

I have already sent him a 30 days notice for 'Declaration of Forfeiture' but he failed to bring the account current.
Now, I have to start the process of eviction.

Can anyone please refer a good attorney for this case ?

Yes, I did.
I will send you a PM

You can buy the property 'Subject To' existing financing depending on the loan balance and market value of the property.
I can refer you to attorney/title company who can help you.

Sorry, that I said the lender rejected the payment.
When I opened the online portal I was not able to see statements or any other past transactions in the account.
Every page says something like 'Contact bankruptcy department' . 
Therefore, I choose not to make the payment because I wasn't sure that it will go through.

Anyways, I spoke with the customer service and made the payments now so the account is current again.
I am planning to contact a bankruptcy attorney and get a professional advice on this situation.

I would like to thank all of you for your time and guidance. I truly appreciate it.

Thank you so much guys for your advice.
I am a little concerned as to what should be my next step.

The title is still on my name and I sold the property on Agreement for Deed to the tenant buyer. I will contact the bank as well as the attorney to discuss my situation.
Any other advice from anyone?