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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. 3 beds, 1 full, 1 half baths
    Home size: 1,520 sq ft
    Lot size: 4,408 sqft
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  2. 2 beds, 1 full bath
    Home size: 700 sq ft
    Lot size: 4,199 sqft
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  3. 2 beds, 2 full baths
    Home size: 1,200 sq ft
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  4. 2 beds, 1 full bath
    Home size: 930 sq ft
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  5. 0 beds, 0 baths
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  6. 3 beds, 1 full bath
    Home size: 946 sq ft
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  7. 4 beds, 2 full, 1 half baths
    Home size: 2,047 sq ft
    Lot size: 3,088 sqft
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  8. 9 beds, 6 full baths
    Lot size: 3,484 sqft
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  9. 1 bed, 1 full bath
    Home size: 1,020 sq ft
    Lot size: 3,720 sqft
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  10. 4 beds, 3 full baths
    Home size: 1,350 sq ft
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  11. 4 beds, 2 full baths
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  12. 4 beds, 2 full baths
    Home size: 1,300 sq ft
    Lot size: 5,039 sqft
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  13. 3 beds, 1 full bath
    Home size: 970 sq ft
    Lot size: 3,123 sqft
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  14. 3 beds, 2 full baths
    Home size: 1,152 sq ft
    Lot size: 4,913 sqft
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  15. 5 beds, 2 full baths
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  16. 5 beds, 2 full baths
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  17. 6 beds, 4 full, 2 half baths
    Home size: 8,500 sq ft
    Lot size: 9,125 sqft
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  18. 2 beds, 1 full bath
    Home size: 945 sq ft
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  19. 3 beds, 3 full baths
    Home size: 1,512 sq ft
    Lot size: 5,170 sqft
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  20. 2 beds, 1 full bath
    Home size: 900 sq ft
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  21. 4 beds, 2 full baths
    Lot size: 3,049 sqft
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  22. 3 beds, 1 full bath
    Home size: 1,109 sq ft
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  23. 3 beds, 2 full baths
    Home size: 1,040 sq ft
    Lot size: 3,123 sqft
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  24. 4 beds, 3 full baths
    Home size: 1,888 sq ft
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  25. 5 beds, 5 full baths
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  26. 4 beds, 4 full baths
    Home size: 1,026 sq ft
    Lot size: 4,800 sqft
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  27. 5 beds, 2 full baths
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  28. 3 beds, 1 full, 1 half baths
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  29. 2 beds, 1 full bath
    Home size: 785 sq ft
    Lot size: 6,198 sqft
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  30. 5 beds, 2 full baths
    Home size: 1,946 sq ft
    Lot size: 3,937 sqft
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  31. 3 beds, 1 full, 1 half baths
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  32. 6 beds, 3 full baths
    Home size: 1,378 sq ft
    Lot size: 3,497 sqft
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  33. 2 beds, 1 full bath
    Home size: 900 sq ft
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  34. 2 beds, 2 full baths
    Home size: 1,150 sq ft
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  35. 1 bed, 1 full bath
    Home size: 795 sq ft
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  36. 3 beds, 2 full, 1 half baths
    Home size: 679 sq ft
    Lot size: 4,839 sqft
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  37. 3 beds, 2 full baths
    Home size: 1,200 sq ft
    Lot size: 3,781 sqft
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  38. 6 beds, 2 full baths
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  39. 8 beds, 4 full baths
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  40. 4 beds, 2 full baths
    Lot size: 3,484 sqft
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  41. 3 beds, 1 full, 1 half baths
    Home size: 924 sq ft
    Lot size: 2,975 sqft
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  42. 3 beds, 1 full bath
    Home size: 1,000 sq ft
    Lot size: 3,123 sqft
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  43. 5 beds, 2 full baths
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  44. 2 beds, 1 full bath
    Home size: 797 sq ft
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  45. 9 beds, 3 full baths
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  46. 3 beds, 2 full, 1 half baths
    Home size: 1,744 sq ft
    Lot size: 5,000 sqft
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  47. 4 beds, 2 full baths
    Home size: 1,850 sq ft
    Lot size: 5,458 sqft
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  48. 3 beds, 2 full baths
    Home size: 899 sq ft
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  49. 3 beds, 2 full baths
    Home size: 1,500 sq ft
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  50. 3 beds, 1 full bath
    Home size: 1,025 sq ft
    Lot size: 4,621 sqft
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See all Chicago REO All- 4/28/2012 9:42:55 PM.
(all data current as of 2/19/2017)

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

 

Related posts:

  1. Chicago Foreclosure Real Estate Investment (5.5)

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