All Forum Posts by: Thomas Campbell

Wayne, Yes I was told the bank would keep my 1000 earnest money. I am not making this up. My dad told me to fire this agent - she's been dragging her feet lately.

thank you Wayne. It's time to seek a new agent, if I lost this property I will be quite upset.

Are there any agents in the southwest burbs of Chicago? Only requirement YOU MUST UNDERSTAND FORECLOSURES

thanks again

I am not sure if they are former owners all I know is they are renting from the bank.

I was told that if the renter is NOT out by closing then my earnest money is bye bye. The bank takes the money and that's that. My agent told me that this is typical foreclosure process

hello, I was looking to purchase a condo here in Chicago & put an offer in and it was accepted. I heard back from my real estate agent this afternoon and I was not too thrilled at the news she gave me. She said I have to put up $1000 earnest money, simple enough - there are tenants living in the condo & according to my real estate agent if the tenant is not out at closing then the bank takes my earnest money and I am back to square one. Here is the way I am looking at things, this person living there can just not pay for rent and pretty much live rent free. The bank is telling me that there is nothing they can do but try to pay them to leave.

Does this sound right or is my real estate agent out of the loop? Regardless I had to have my offer signed and delivered today. How frustrating.

Help