Tuesday, April 19, 2011

A LITTOF Reader's Country Estate For Sale

Ever dream about owning a country estate?

Ever dream about owning a country estate and still being close enough to a large metropolitan area?

Ever dream about owning a country estate and still being close enough to a large metropolitan area and not having to pay a fortune for said property?

Well, have I got the place for you.

But first, a little background...

On March 15th I wrote about Trish- a LITTOF reader who was being subjected to Wells Fargo's intimidation tactics. Remember?

If you need a little refresher, here's the post:
Imagine This Foreclosure Story

Anyway, the property that Trish is trying to save from foreclosure is a country estate that is only 40 miles south of Chicago.

I received an e-mail from her with a link to the property she and her husband have been trying to save and I just had to share it with all of you.

But before I do that, here's the update on Trish's foreclosure story...

First the bad news: her husband was just laid off and she has been in and out of the hospital with a blood clot. (Get better, Trish!) Wells Fargo says they won't do a short sale so Trish has an attorney trying to put together a deed in lieu of foreclosure.

Now the good news: There is a bright spot. Trish teaches piano in her home and the other day one of her student's parents expressed an interest in purchasing her country estate at asking price!

They said they've always wanted to renovate an old barn. (That's always been one of my dreams too. One of my good friends from high school grew up in a renovated barn and it was to die for!) And they loved Trish's house. So... fingers crossed that it all comes together. According to the bank and Trish's attorney, if these people decide to purchase the property, they could close within a month and avoid foreclosure altogether. I'm rooting for that to happen.

And some poignant insight into what it's like to fight foreclosure in Trish's words:

"Spring has sprung here at the farm -- and I think that's what's bringing on the tears. No, not from allergies....but from seeing the beauty that surrounds this place in the spring and summer.  
I just don't understand how or why the emotion changes from day to day.  Usually, I can make a decision and march forward......but this house day I can pack like a Vanguard mover, and the next day I'm groveling between bubble wrap and my kleenex's such a merry-go-round! ('cept it ain't very merry...) 
Well, I'm going to be a big girl now and go call WF....and then probably call the foreclosure atty...because that's the grown-up thing to do.
Will keep you posted :-)" 

Just in case any LITTOF readers out there have been harboring barn-renovating/country estate owning/horse farm fantasies of their own, here's the link to Trish's Country Estate in Manhattan, IL: 

And here are just a few seriously juicy details about the property:

One-of-a-kind 4 bdrm, 2 bath farmhouse with sun-filled, all-season, enclosed wrap-around porch. 
Over 5 acres of serenity and privacy, adjacent to riding trails.

Two livestock/hay barns, one huge pole barn and a grain silo.

Conveniently located between I-55 and I-57, near I-80. Manhattan Metra station less than 10 min. away.

Hardwood floors, 9 ft. ceilings, generator, above-ground pool, 2 car garage, full unfinished basement with shower/sink, laundry, separate outside entrance. Massive walk-up attic with high ceilings would make a perfect master bedroom suite. 
Low taxes, great for large family or related-living, hunting, gardening, ATV-ing, horses, alpacas, LOTS of room to roam!
Adjacent to Will County Forest Preserve and Riding Trails. No need to trailer your horse anywhere! Just saddle up and ride some of the most beautiful, well-maintained trails you've ever seen!

Asking price: $259, 000

It breaks my heart that Trish and her husband have to let such a wonderful property go. So hopefully they'll be able to sell it to someone who loves it as much as they have.

Good luck, Trish! We're rooting for you!


Trish said...

Thank you so much for this post about our place. I've had some calls on it as a direct result of your blog :-)
I also have some updates since our "day in court" yesterday. Will inbox it to you...feel free to publish at your discretion.
~ Trish

Love in the Time of Foreclosure said...

I'm so happy that the post is generating interest in your home! Though we didn't want to leave our house, we were clear that we'd rather have the house land in the hands of owners that loved it as opposed to the bank. I hope that happens for you!
I'll look for your update. And thank you for sharing your story.

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