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Calumet City, IL 60409

5 Beds Multi-Family

$44,900

Status: Inactive

Listing ID: 50274363

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Property Information

  • Price: $44,900
  • Bedrooms: 5
  • Basement: Yes
  • Lot Size: 0.11 acres
  • Year Built: 1962
  • Source ID: 09755728
  • Days On Site: 896
  • School District: 205
  • Property Type: Multi Family Dwelling

Short Sale

Short sale properties represent tremendous opportunity to you as a buyer because they are aggressively priced to sell well below or just at fair market value. Existing homeowners are typically distressed and eager to sell for less than what is owed on their mortgages. They are "underwater" and either can no longer afford their mortgage payments or are simply unwilling to continue to make them for various reasons.

    Contact Information

  • Agent Company: Keller Williams Preferred Rlty
  • Agent Name: Kevin Glovack
  • Agent Company Address: 16101 108th Avenue
  • Agent Company City: Orland Park
  • Agent Company State: IL
  • Agent Company Zip: 60467
  • Agent Company Phone: (708) 798-1111
  • Agent Company Email: Email Now
  • Agent Phone: (708) 798-1111
  • Agent Email: Email Now

Listing History

Start Date End Date Listing Type Bank Name
02/28/20   Foreclosure
09/25/19 01/30/20 Foreclosure
04/05/19 06/13/19 Preforeclosure

FIRST STEPS:

Short Sales

You've identified an ideal short sale property. Now what? Short sale properties represent tremendous opportunity to you as a buyer because they are aggressively priced to sell well below or just at fair market value.

Read more

Indeed, the existing homeowners are typically distressed and eager to sell for less than what is owed on their mortgages. They are "underwater" and either can no longer afford their mortgage payments or are simply unwilling to continue to make them for various reasons.

On the flip side, lenders are often willing to agree to sale prices that are considerably less than what is owed on the current mortgages because the alternative is foreclosure, a costly, complicated and expensive process that will most likely only clog their non-performing asset pipeline further.

Therefore, once you identify a desirable short sale property, it's important to contact a local licensed real estate professional - or the listing agent - who can walk you through the negotiation and purchase process.

You need to act fast!

That's because short sales are time-sensitive. In addition, it's not a "traditional" transaction, meaning that it often takes longer - about four to six months on average - to close a deal.

But, more often that not, it's well worth the wait ... literally and figuratively.

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foreclosure.com

Prairie Ave
Calumet City, IL 60409

5 Beds Multi-Family

$44,900

Status: Inactive Listing ID: 50274363

Property Information

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Property Description

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Listing URL

https://www.taxliens.com/listing/index.html?&listingid=50274363