Colli Real Estate

I’m trying to buy a house in IL…why is it so difficult? Foreclosures/short sales?

I have been pre-approved and have contacted 2 real estate agents. 1 helped me put in an offer on a foreclosure and then never contacted me again to tell me the outcome or to even assist me in buying another home. The 2nd one met me at 3 properties (foreclosures) and the one I wanted to bid on (hud auction) she refused stating it would just end up going well over the list price which was then over my approval amount (identical home just went for 30K less). I’ve mentioned a couple of others well below my approval amount and she just replies that those are short sales and will take a very long time to close. Then, she sent me 6 old handy man specials to review in my price range when she knows I want a newer house. I then emailed 3 agents from the HUD website to bid on the auction house and none replied. Any suggestions on where to go from here and what is the major problem in trying to buy foreclosures/short sales?

It sounds like you are obviously not qualified to buy any of the houses you are calling on and all of these agents do not want to waste their time playing a game that will never end.

Instead of deciding what you want, go with your minimum requirements and how much you can afford to buy and have one tell you what that will buy in your market. A fixer may be the best you can do with your budget. If you qualified to bid at all on a HUD home you are low income, and most of that inventory has been bought up.

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