Foreclosures are on many people’s minds lately. Since the Federal Government has offered incentives to lenders to restructure people’s loans, local and state governments are encouraging home owners to seek help sooner rather than later and work with their lender to avoid foreclosure. Help includes restructuring loans, and the purchase of homes by municipalities and non profits.
Foreclosure is the last stop on the money crisis train for home owners. Once a home is foreclosed, the lender really does not want to own it. This is why for the savvy buyer, these homes can be a great deal.
Chicago foreclosures are no longer just in risky neighborhoods. The foreclosure crisis has hit all sorts of homes in all types of areas. Pre-foreclosure, many homeowners and developers are willing to negotiate with a buyer/investor. If they can walk away with a little cash and satisfied liens, and you have a property for less than the market value, it can be a win – win proposition.
How do you find pre-foreclosure opportunities? By searching for them on our site! Our partnership with RealtyTrac enables you to search all Chicago foreclosure listings. Pre-foreclosures, foreclosure auctions, and bank owned properties are all at your fingertips on our site, and we can help you make sense of the entire process. We can also assist you with obtaining financing. Contact us today to learn more about Chicago foreclosure opportunities.