All Forum Posts by: Vincent Incopero

@Robert E. anyone who has an interest in the property can redeem. An interested person would be an owner, lender, lienholder or legal heir (if the owners are deceased)

@Robert E. the tax lien you are referring to is separate and distinct from the mortgage that is being foreclosed on. Any amounts due and owing for sold taxes or erroneous exemptions would be a separate obligation than funds needed to purchase the property judicial sale. HIGHLY UNLIKELY that the foreclosing lender will pay these due to the redemption date. 

I am an Illinois attorney and I have plenty of experience with these matters

@Account Closed the process starts with a written contract signed by all parties to the transaction. Earnest money is not a requirement. In IL you probably need to engage your own separate attorneys as title companies do not prepare the instruments needed for Closing.  

@Jaki Gandara happy to speak to you when your time permits

@Ghanee Smith Happy to help

I am from Illinois. Our RON statute was enacted in response to COVID. It did not exist prior to and is temporary in nature

I'm speaking based on my states requirements

There is a lot of misinformation flowing here. Unless you the POA is signed on US Soil, it has to be at a US Embassy.

You dont need to be present for the creation, only the execution. You will need to execute the POA in the presence of a US Notary at a US embassy office (which may be difficult due to COVID).

You may also want to reach out to the title company or your attorney to find out if an Apostille would be accepted

Happy to help if you are looking for advice