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Chicago Foreclosures & Chicago Short Sales

Chicago Foreclosures

Chicago Foreclosures & Chicago Short Sales

The Chicago real estate market still is awash with distressed properties. For savvy real estate buyers and investors this offers a tremendous opportunity.  There are thousands of pre-foreclosures listed on the market but Chicago real estate buyers do have to be careful as a large percentage of these are simply real estate agents guessing to the pricing. Often the listing prices of these Chicago Short Sales are absolutely meaningless.  Yes the property is worth less than the balance owed. yes the property is in pre-foreclosure and yes it is listed, but is the asking price approved by the lender? Unfortunately for buyers the answer is all to often no, and the listing agent is just guessing as to the value.  If you are buyer considering putting offers in on pre-foreclosure short sales you should work with a buyers broker that can help you vet these deals.

 ATTENTION SHORT SALES BUYERS – To Search all the Pre-Foreclosures on the market Click Here to see the thousands of Chicago Pre-Foreclosures 

Considering that most of the pre-foreclosures currently listed on the market will not sell as short sales and have to be foreclosed upon by the lender it can be a good strategy to focus on bank or lender owned ( REO ) properties  instead. These properties have gone through the foreclosure process, but no one successfully bid on them for purchase. There are many advantages to buying bank REOs in Chicago. These bank owned properties are highly sought after because there is no real waiting as with the short sale process.

ATTENTION REO BUYERS – Search all the Chicago Bank & Lender Owned Properties in your neighborhood. Click Here For Detailed Chicago REO Map Search

  1. 2 beds, 2 full baths
    Home size: 1,140 sq ft
    Lot size: 3,750 sqft
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  2. 6 beds, 2 full baths
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  3. 5 beds, 2 full baths
    Lot size: 4,791 sqft
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  4. 5 beds, 3 full baths
    Lot size: 2,613 sqft
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  5. 4 beds, 2 full baths
    Home size: 1,448 sq ft
    Lot size: 5,366 sqft
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  6. 5 beds, 2 full baths
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  7. 3 beds, 2 full baths
    Home size: 1,744 sq ft
    Lot size: 4,830 sqft
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  8. 6 beds, 3 full baths
    Lot size: 3,484 sqft
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  9. 6 beds, 2 full baths
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  10. 4 beds, 2 full, 1 half baths
    Lot size: 5,227 sqft
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  11. 7 beds, 5 full baths
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  12. 4 beds, 4 full baths
    Home size: 1,205 sq ft
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  13. 4 beds, 3 full, 1 half baths
    Home size: 2,000 sq ft
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  14. 4 beds, 2 full baths
    Home size: 1,389 sq ft
    Lot size: 4,416 sqft
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  15. 4 beds, 2 full baths
    Home size: 851 sq ft
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  16. 5 beds, 2 full, 1 half baths
    Home size: 1,080 sq ft
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  17. 4 beds, 2 full baths
    Lot size: 3,049 sqft
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  18. 4 beds, 2 full baths
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  19. 5 beds, 2 full baths
    Home size: 1,114 sq ft
    Lot size: 3,454 sqft
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  20. 3 beds, 1 full, 1 half baths
    Home size: 870 sq ft
    Lot size: 4,687 sqft
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  21. 3 beds, 1 full, 1 half baths
    Home size: 1,200 sq ft
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  22. 9 beds, 4 full baths
    Lot size: 3,049 sqft
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  23. 9 beds, 3 full baths
    Lot size: 3,484 sqft
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  24. 3 beds, 1 full bath
    Home size: 1,028 sq ft
    Lot size: 3,876 sqft
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  25. 3 beds, 3 full baths
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  26. 3 beds, 1 full, 1 half baths
    Home size: 1,389 sq ft
    Lot size: 5,614 sqft
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  27. 12 beds, 6 full baths
    Lot size: 4,791 sqft
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  28. 2 beds, 1 full, 1 half baths
    Home size: 1,301 sq ft
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  29. 3 beds, 2 full baths
    Home size: 890 sq ft
    Lot size: 3,123 sqft
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  30. 4 beds, 3 full baths
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  31. 3 beds, 1 full, 1 half baths
    Home size: 997 sq ft
    Lot size: 4,874 sqft
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  32. 4 beds, 1 full bath
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  33. 3 beds, 1 full, 1 half baths
    Lot size: 3,123 sqft
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  34. 2 beds, 1 full bath
    Home size: 924 sq ft
    Lot size: 4,125 sqft
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  35. 3 beds, 1 full, 1 half baths
    Home size: 1,120 sq ft
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  36. 3 beds, 1 full, 1 half baths
    Home size: 1,044 sq ft
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  37. 5 beds, 4 full baths
    Home size: 3,050 sq ft
    Lot size: 3,049 sqft
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  38. 3 beds, 3 full baths
    Home size: 1,800 sq ft
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  39. 4 beds, 2 full baths
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  40. 1 bed, 1 full bath
    Home size: 650 sq ft
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  41. 4 beds, 2 full baths
    Home size: 1,498 sq ft
    Lot size: 4,464 sqft
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  42. 3 beds, 1 full, 1 half baths
    Home size: 1,204 sq ft
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  43. 3 beds, 1 full, 1 half baths
    Home size: 1,149 sq ft
    Lot size: 3,750 sqft
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  44. 5 beds, 2 full baths
    Lot size: 3,049 sqft
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  45. 2 beds, 2 full baths
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  46. 4 beds, 2 full baths
    Home size: 1,413 sq ft
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  47. 3 beds, 1 full bath
    Home size: 1,799 sq ft
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  48. 5 beds, 2 full baths
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  49. 3 beds, 1 full bath
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  50. 8 beds, 3 full baths
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See all Chicago REO All- 4/28/2012 9:42:55 PM.
(all data current as of 3/25/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

Related posts:

  1. Chicago Foreclosure Real Estate Investment (5.5)

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