Call Us! (630) 820 3300
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We contact people before foreclosure for the following reasons:
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1. The property owner can avoid foreclosure and all of the seen and unforeseen associated problems (especially in times of an uncertain economy; which seems to be all the time!)
2. Put money in the property owner’s pocket
3. Pay off the foreclosure
4. There’s enough equity to get involved
If the owner does go through foreclosure we inform them ahead of time regarding possible surplus funds because the property will probably sell for more than what is owed and there’s enough equity to get involved.
(See our information re: surplus funds)
PRE-FORECLOSURE
If the purchase price at the foreclosure sale exceeds the borrower's loan balance, this extra amount is called "excess proceeds" or "surplus funds."
Why would a buyer pay more than the mortgage company is looking for at the foreclosure auction?
1. The competitive nature of an auction
2. Buyer thinks he still has room to make a profit
3. Competitive market
4. Scarce inventory available
We contact people before the foreclosure regarding surplus funds because there’s enough equity and the property will probably sell for enough to create a surplus.
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We will tell you where the money is
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Answer all your questions
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Use the best attorneys at our expense
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Pay all expenses and never charge you anything
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If we fail to claim the funds, there is still no charge to you
PLEASE NOTE: The petition for the funds is brought to the courthouse by an attorney before a judge in the county where the subject property is located.
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SURPLUS FUNDS
We do the work; You get the check
ABOUT US
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We have the people skills to help homeowners
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We have bought, rehabbed, sold houses and multi-units since the early 1990’s
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We enjoy this end of the business; helping people!
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Experienced to get the job done and compassionate enough to care.
CONTACT
My name is Nick and I answer the phone!
Mailing Address
525 N Broadway Unit 4494
Aurora, IL 60507
Site Address
1648 E New York St
Aurora, IL 60505