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Author: Toby Dalton

What Rising Foreclosure Rates Mean for Home Buyers and Sellers in Illinois

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Rising foreclosure rates can have a significant impact on the real estate market, affecting both home buyers and sellers in Illinois. For buyers, increasing foreclosures may present unique opportunities to purchase properties at a lower price, while sellers may face additional challenges as the market becomes more competitive. Whether you’re looking to buy or sell … Continued

How to Sell Your House During Bankruptcy in Illinois

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If you own a home when you file for bankruptcy, it becomes part of the bankruptcy estate, the property or assets you own. In October of 2022, there was a twenty-seven percent increase in chapter 13 bankruptcy filings over the previous year. Bankruptcies, including all chapters, total a seven percent increase overall, which correlates strongly … Continued

How to Sell Your House in Illinois if You Owe More Than It’s Worth

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Selling a house in Illinois can be challenging, especially if you owe more on your mortgage than the property’s current value. This situation, known as being “underwater” or “upside down” on your mortgage, requires careful planning and a clear strategy to minimize financial loss. However, selling your home in this situation is possible, and there … Continued

Traditional Sales vs. Short Sales And Foreclosures in Illinois

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When it comes to selling or buying a home in Illinois, understanding the differences between traditional sales, short sales, and foreclosures is crucial. Each of these processes has its own advantages, challenges, and financial implications for both buyers and sellers. Whether you’re looking to sell your home or are a buyer exploring the market, knowing what sets these sales … Continued

Who are the cash house buyers in Crystal Lake IL?

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When you’re driving around Crystal Lake, you’ve probably seen the “we buy houses in Crystal Lake” and “Cash for Houses” signs. You might have noticed them in other cities across IL too. But who are these cash house buyers in Crystal Lake, IL? Are they legitimate? How does this process work? Who can you trust? … Continued

Foreclosure Effects In Crystal Lake IL – What Sellers Need To Know

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Foreclosure is a distressing and overwhelming experience for any family facing it, regardless of the underlying reasons for the potential loss of their home. In this article, we will explore the impact of foreclosure on families in Crystal Lake, IL, and provide valuable information that local homeowners should be aware of. We will begin by … Continued

Foreclosure notice of default in IL– what is it?Understanding a Foreclosure Notice of Default in [Market State]: What You Need to KnowForeclosure notice of default in IL– what is it?

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If you’ve received a foreclosure notice of default and are trying to understand what this means for your property and finances, please continue reading for a detailed breakdown of the process and your potential options. Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the … Continued

The State of the Market for Buyers in Crystal Lake IL

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The question of whether it’s still a buyer’s market in Crystal Lake is one we hear quite often, given our expertise in the Crystal Lake real estate scene. It’s understandable why many are curious about this, considering how it can influence decisions to buy or sell property. To answer this, it’s important to clarify that … Continued

What is a Pre-Foreclosure in Crystal Lake?

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With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. So what is a pre-foreclosure in Crystal Lake anyway? Many homeowners across America and Crystal Lake are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending … Continued

How to Sell Your House to an Investor in Crystal Lake IL

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Home ownership just isn’t what it was in the 1950’s. In the past, people would buy a home and live there for the rest of their lives, often passing it on to their family. Things have changed. Many first-time homebuyers are going into it with the attitude that they’ll sell when it’s time for a change. If … Continued

Selling Your Home During a Divorce in Crystal Lake

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If you’re wondering about the ins and outs of selling your home during a divorce in Crystal Lake IL… we’ll dive into the steps and things to look out for in this article. With over 50% of American marriages ending in divorce, many Crystal Lake IL residents are looking or advice for selling a home during … Continued

How to Stay in My Home After Foreclosure in Crystal Lake

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A recent study estimates that 47% of foreclosed properties are still occupied. When you come across that statistic, you might find yourself taken aback… but for us, it’s no surprise at all. A common misconception many hold is that banks have a vested interest in acquiring homes. However, the reality couldn’t be further from this. … Continued