Buffalo Grove, Short Sales and Foreclosures
Buffalo Grove Short Sale, What You Need to Know!
February 26, 2010 by Sharron · Leave a Comment
www.501Arborgate.com
We recently reduced the price of this great ranch home in Strathmore of Buffalo Grove. In this market it is very common to see homes come on the market as a Short Sale. We want to let you know how short sales benefit the Sellers, Buyers and the Lenders.
We have found great information that was posted by Bankrate.com which explains the benefits for all parties involved. Here is a quote from the article:
Short sale: Win-win-win situation!
“The beauty of short sales is that they can be a win-win-win situation for seller, buyer and lender. Here’s how:
The seller gets out of the mortgage liability without facing bankruptcy.
The buyer gets the home at a reduced price.
The lender agrees to a loss it considers minimal without going through a foreclosure and being saddled with an unsalable property.
While it may seem surprising that lenders would agree to accept less than what they are owed, they benefit from the process, too.”
To View the Entire Article and For Great Information
This beautiful ranch home in Strathmore of Buffalo Grove is a lose for our seller, but it will be a wonderful gain for the right buyer.
This home has been recently updated and is located adjacent to a park and feeds into great schools.
www.district96.k12.il.us/
www.d125.org/
Strathmore in Buffalo Grove is a desirable area and is located near, restaurant’s like Buffalo Restaurant and Ice Cream Parlor, deli’s such as Dorfler’s Meat Market, Montessori school’s: Montessori World of Discovery, Eskape for entertainment and so much more. This gorgeous home is a must see, contact us to view this home.
The Sharron Kelley Team knows the Buffalo Grove area and we know how to get homes sold. If you are looking to buy or sell in the Lake County Illinois Area contact us at 847-465-3638 or email us sharron@northernillinoishomes.com
You can visit our website at www.NorthernIllinoisHomes.com or www.SharronKelley.com for more information on our current listings and see how we get homes SOLD!
