I agree, and keep in mind, the ownership of the unit along with the mortgage obligation stays with you throughout this process. The HOA has possession rights only. Depending on your financial position, and intent, this situation might force you into foreclosure or even bankruptcy. I suggest you see an attorney asap. Good Luck.
I agree. You can try to do a loan modification, but the odds of getting your loan amount reduced are very low. Also, if you do a modification, you will have to disclose all your financial, which might hurt you later on. If the property goes into foreclosure, you can offer a “consent foreclosure” to the bank. If accepted, you will give up the title, and the bank will give up the right to obtain a deficiency judgment against you. If that does not work, preparing for bankruptcy might be a...
This will mainly depend on the type of transaction and the documents that were executed. You might have a cause of action under Residential Real Property Disclosure Act. (link http://www.ilga.gov/legislation/ilcs/ilcs5.asp?ActID=2152&ChapterID=62 ) but there is no way of knowing without review all the documents that were executed.
I strongly suggest you take all the documents you have and take them to an attorney in the area where the property is located to see if you even have a cause of...
The attorneys that answered this question are correct. Here are few links to get you started (please verify them, as I did not and do not warrant the information on those websites), but you really need to sit down with an attorney before you proceed forward. Good Luck.
I agree with the other answers. You (or someone on your behalf) can always pull the physical court file and verify this, but it sounds like the risk that you have a judgment against is nominal. Good Luck
Generally leaving a summons by your door should not equate to you being served. However, sadly there have been mane cases where the process servers indicated on their affidavits that they personally delivered it to you (although they only left it in front of the door) thus allowing the court proceeding to move forward. Do not ignore this case, see an attorney for more information. Good Luck.
I agree with the above answers. You will have a very difficult time facing a tenant with an attorney, especially is your property is governed by the Chicago Landlord Tenant Ordinance. Hire an attorney asap. Good Luck
Link to the ordinance: http://www.amlegal.com/nxt/gateway.dll/Illinois/chicago_il/title5housingandeconomicdevelopment/chapter5-12residentiallandlordsandtenant?f=templates$fn=default.htm$3.0$vid=amlegal:chicago_il
I agree with the above answers, village inspect is a good place to start. Also, please check your lease asap. Your lease should spell out the procedures for addressing emergency and non-emergency matters. Good Luck