Overview
This Single-Family Foreclosure is located at Redwood Rd, Bolingbrook, IL 60440. This property is currently bank owned with an estimated market value of $273,858.
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This single-family property is available as a foreclosure at Redwood Rd. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Bolingbrook, specifically for Redwood Rd and comparable listings. Based on this expert analysis, the estimated market value is $273,858. If purchased for rental purposes, the monthly rental rate could range between $1,720 and $1,900, providing a solid return on investment. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Redwood Rd are updated daily along with others in Bolingbrook, Illinois, ensuring you have the most current and accurate information. Since this property is a foreclosure, be sure to check out our Foreclosure Timeline for Redwood Rd below to see detailed and helpful information about what stage of the foreclosure process this listing is in.
Plus with taxes and insurance
Based on 20% down, 30 year mortgage, with 6% APR
All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependent on credit scores, loan timeline, and a down payment amount.
Not in Foreclosure
Pre-Foreclosure
Auction
Bank Owned
This property in Bolingbrook, IL is located in the Bolingbrook Subdivision Unit No 4 Subdivision.
The property located at Redwood Rd in Bolingbrook, IL is listed as a Foreclosure
Properties like Redwood Rd in Bolingbrook, Illinois listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers through a local real estate agent or auction house in Bolingbrook, IL. The longer lenders own properties like this on Redwood Rd, the more eager they become to sell, often at reduced prices.Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:
Steps as you search for your foreclosure property:
Foreclosed properties can represent excellent opportunities to acquire real estate at bargain prices. But in order to take full advantage of these opportunities you must have all your information and take an organized approach to finding and acquiring foreclosed properties. Find the location and property that interests you, work with the Realtor and closing agent to learn all you can about the property, and make your offer based upon good information and research.
The estimated rental value for Redwood Rd located in Bolingbrook, IL is $1,810/month. Comparable homes around Redwood Rd that are rentals have monthly ranges starting as low as $1,720 per month and as high as $1,900 per month. An owner looking to use this property as an investment could bring a return in the area of $1,720 - $1,900 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.
Status: Active
The property has moved into foreclosure proceedings. The lender is likely preparing the home for auction or repossession.
Status: Active
PHH MORTGAGE CORPORATION
07/04/25 - 09/18/25Status: Inactive
The owner is behind on payments and has entered preforeclosure. It may still be possible to avoid foreclosure or sell early.
Status: Inactive
Status: Active
A tax lien has been filed due to unpaid property taxes. The owner may need to resolve this before transferring ownership.
Status: Active
PHH MORTGAGE CORPORATION
08/19/24 - 09/18/25Status: Inactive
Status: Inactive
PHH MORTGAGE SERVICES CORP
08/07/24 - 09/18/25Status: Inactive
Status: Inactive
Status: Inactive
The property has entered bankruptcy protection. A court-appointed process may delay foreclosure or sale while debts are restructured.
Status: Inactive
Status: Inactive
Status: Inactive
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