Legal Question in Wills and Trusts in Illinois

My mother passed away and the house that she owns is going into forclosure. The value is around 225k and she owes about 150 plus past due payments of 40k? Is it worth it to try and save. Can the past due part be negotiated. The bank - Chase is not much of a help.


Asked on 4/13/11, 7:01 pm

1 Answer from Attorneys
Steve Raminiak Law Offices of Steve Raminiak, P.C.

Are you sure of that value? Many properties are down 35% from their peak, and if you're strongly motivated to sell -- you'll have to drop the price even more.

You're in a tough spot. Feel free to call me and I'd be happy to discuss this further at no charge.

Read more
Answered on 4/14/11, 7:06 am


Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in Illinois