$144,330 EMV


1 Bath   550 Sq. Ft.   Single-Family

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N Newland Ave,
Chicago, IL 60706

Status: Active
Listing ID: 52867145

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01/13/20
Notice of Foreclosure Sale
This notice announces the date, time and other details related to a proposed public foreclosure auction. Don't scour the local newspapers or waste time at the courthouse hunting down these sales when you can easily find the latest information.

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Preforeclosure

Often, the preforeclosure period is the best time to purchase a property. The process begins when a lender first notifies a borrower that his or her loan payments are behind. If a borrower has no other means to bring the payments up to date, he or she is far better served to sell the property as soon as possible before it falls into foreclosure.

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First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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Chicago, IL
Home Inspectors

JRW Property Inspection and Consulting LLC
Jerry Woznyj
773-774-4260
Buyers Protection Group Inspections
Lesley (Les) W Glowacz
800-285-3001
The House Doctors Property Inspections
Chuck Walton Jr.
312-504-2200
Pentagon Inspections & Services, Inc
Jonathan Howard
312-724-9000
Precision Property Inspections
Chuck Ryan
773-447-5598
foreclosure.com

N Newland Ave
Chicago, IL 60706

1 Bath   550 sq. ft.   Single-Family

$144,330 EMV

Status: Active Listing ID: 52867145

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=N-Newland-Ave-Chicago-IL-60706/52867145_lid

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