pre-foreclosure

What is a Short Sale

Over the past year there has been a lot has been said about short sales and the difference between the short sale process vs foreclosure. These are words that were hardly used before 2008 and now we hear them almost daily on the news, on line and in the newspapers. I found this very simple explanation in the attached article which I hope will be helpful to you. I am well versed in this process and have taken classes and have my CDPE certification. Please contact me if you need help, as I would be happy to explain this all to you. We have a team of professionals that can help save your credit.

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pre-foreclosure

Foreclosure Market Trends Report For September

There is so much in the news today regarding the foreclosure market and what is happening. I am a member of Realty Trac and have been actively working the short sale market in Buffalo Grove, Lake Zürich, Long Grove, Palatine and Vernon Hills. The enclosed NewsletterPdfConverter will give you great information and you can call or email me to get more specifics on properties that are available.

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pre-foreclosure

Short Sales Opportunities for Buyers

I have been spending time looking into pre-foreclosure properties, as well as marketing to obtain these properties as listings  in the near future.  In Palatine, Arlington Heights, Buffalo Grove, Vernon Hills and Libertyville there are currently over 250 single family homes that are in pre-foreclosure, just to name a few towns. 

What this means is that the buyers are going to get great deals, and they should be prepared to move forward.  Buyers should be pre-approved so they can act quickly on these properties especially homes that are already bank owned. 

Contingencies are not acceptable unless you have a home that is already under contract with an approved purchaser.  Between low interest rates and pricing, I do not believe that their will ever be a better time to be a buyer.

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