When will I know if the house was sold at the auction? And how long will I have before I have to move if it was sold or taken back by the bank? Can I found out online if it was sold at the auction? I live in Cook County, Illinois if this helps at all.

Rent Back

If you have both a moortgage and a 2nd are you still financially responsible for the amt owed? even when it has gone back to the bank?

Quick House Sale

? .
The point is that it would still have been profitable to charge the usual interest rates which people could afford to pay.
It was only because hiked up extortionate interest rates were used that the people could no longer afford to pay
Did the loan-sharks want the people to pay them back in the usual way or not?

Rent Back

Please answer only if you know for a fact. (As I’m in terrible distress) this auction was scheduled on the 17th of this month and nobody bidded on it, over 605K at auction, what happens next, I haven’t moved, (as I’m still packing forever) and don’t have any other means at the time, nor place, does anyone really know if I have about a month, the bank said it really depends, but didn’t provide a concrete answer. Thanks!

Sell and Rent Back

I know a family whose bank foreclosed on their house. They had tried to sell it, couldn’t. The bank put it up for sale on an auction…no one bought it. The family has not received eviction notification. What will happen now? Will the bank just let them live there until it sells?

Real Estate Professionals