Blog

6 Surprising Things You Need to Know About Owning a Hoarder House in Chicago 

By

Managing a hoarder house in Chicago brings unique challenges that many property owners aren’t prepared for, especially in Chicago’s older neighborhoods. These properties often hide significant issues that become both financially draining and emotionally overwhelming. In this guide, we’ll explore six surprising realities of hoarder property ownership, including unexpected costs, dangerous conditions, and circumstances that … Continued

8 Unexpected Costs You’ll Face When Cleaning Out a Hoarder House in Chicago 

By

Tackling a hoarder house cleanout can be both emotionally and financially draining. Beyond the visible clutter, hoarding situations often conceal serious property damage and hazardous conditions. If you’re facing this challenge in Chicago, it’s crucial to understand the hidden costs before proceeding. In this guide, we’ll break down eight unexpected expenses when clearing a hoarder … Continued

The Difference Between Pre-Foreclosure and Foreclosure for Homeowners in Chicago

By

Foreclosure and preforeclosure are two critical terms in real estate that Chicago homeowners need to understand. While they may sound similar, these terms represent very different stages in the mortgage default process, with unique implications for both property owners and potential buyers. What is Foreclosure? Foreclosure is a legal process that begins when homeowners fall … Continued

Traditional Sales vs. Short Sales And Foreclosures in Chicago

By

When it comes to real estate transactions, there are typically three main categories: traditional sales, short sales, and foreclosures. For buyers, each option comes with distinct advantages and disadvantages, with short sales and foreclosures generally offering more affordable pricing. However, as experienced Chicago real estate professionals, we always remind our clients that these properties are … Continued

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

By

Finding yourself underwater on your mortgage creates significant challenges when you need to sell, especially if you’re facing time constraints due to personal or financial pressures. Already dealing with considerable stress, the prospect of selling a property in this situation can feel overwhelming. However, understanding all your available options can empower you to make a … Continued

What Homeowners in Chicago Can Expect During the Foreclosure Process

By

Dealing with foreclosure due to sudden financial challenges can feel overwhelming, but taking early action by communicating directly with your lender is always the best first step. Having a clear understanding of what happens during the foreclosure process can empower Chicago homeowners to navigate these difficult circumstances with greater clarity. Read on as we provide … Continued

Stopping the Foreclosure Process: A Guide for Chicago Homeowners

By

Facing foreclosure on your Chicago home can feel like drowning in uncertainty, but you don’t have to lose everything. The constant pressure of bank communications, missed mortgage payments, and sleepless nights takes a tremendous toll—especially without proper guidance. Take comfort knowing that foreclosure impacts millions of American homeowners each year, and there are legitimate, transparent … Continued

How to Sell Your House During Bankruptcy in Chicago

By

When homeowners file for bankruptcy, their home becomes part of the bankruptcy estate—essentially, property they own. In October 2022, chapter 13 bankruptcy filings increased by twenty-seven percent compared to the previous year. Overall bankruptcies rose by seven percent across all chapters, directly mirroring the seven percent inflation increase. Many Chicago homeowners, particularly those with older … Continued

5 Tips for Siblings Dealing With Inherited Property in Chicago

By

Have you inherited property in Chicago? Unfortunately, many parents leave their homes to multiple children without establishing a clear transition plan, creating a challenging situation during an already difficult time of grief. The sudden influx of paperwork, legal requirements, and financial decisions can feel overwhelming when you’re emotionally vulnerable. This critical period requires careful navigation … Continued

Tax consequences when selling a house I inherited in Chicago

By

Inheriting a home often presents a complex emotional and financial situation: while you’ve gained a valuable asset that could improve your financial future, you’re simultaneously processing the loss of a loved one. For Chicago homeowners weighing their options during this challenging time, understanding the tax implications when selling an inherited property can provide crucial clarity … Continued

How to Handle an Inherited Chicago Property When There Is No Will

By

Navigating the loss of a loved one without a will can feel overwhelming. Beyond the emotional burden, there are practical matters that demand your attention, especially when inheriting property in Chicago. As bilingual real estate specialists who understand both the emotional and legal complexities involved, we recognize that knowing your rights as an heir is … Continued

4 Hidden Costs You Can Face When Inheriting a Property in Chicago

By

Inheriting a house can feel overwhelming, especially when you’re already dealing with grief, family dynamics, and unexpected responsibilities. What seems like a financial blessing can quickly become a burden when hidden costs emerge. At this emotional time, you need clarity about what property inheritance truly means for your finances. When taking on an inherited property, … Continued

How To Price Your Inherited Home In Chicago For Sale

By

If you’ve inherited a property and you’re planning to sell it, make sure you read this blog post for 3 practical tips about how to price your inherited home in Chicago for sale—especially if dealing with older homes or code violations… Did you inherit a property that you’re now thinking about selling? While an inherited … Continued

GET STARTED | Get Your Fair Cash Offer Today

  • This field is for validation purposes and should be left unchanged.