$400,000


6 Beds   2 Baths   2,770 Sq. Ft.

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W Altgeld St,
Chicago, IL 60639

Potential Profit

$31,940

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Status: Active
Listing ID: 56130149

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Foreclosure Timeline

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

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View Foreclosure Status
02/19/21
Bank owned
The lender has taken ownership of this property through a foreclosure auction for the amount of $400,000. 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. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.

Property Information

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$100 Down HUD Home

Purchase this incredible HUD home with just a $100 down payment! U.S. Department of Housing and Urban Development (HUD) is a federal agency that insures mortgages to homeowners through its Federal Housing Administration (FHA). Therefore, when banks foreclose on HUD-guaranteed mortgages, the government agency acquires the properties and often offers them for sale at super low prices to the public. HUD houses are among the very best deals in real estate today and, accordingly, don't last long on the market. Act fast!

Auction Information

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Listing History

Start Date End Date Listing Type Bank Name
01/21/21 01/23/21 Foreclosure


First Steps to Buying a Foreclosure

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.

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Chicago, IL
Home Inspectors

JRW Property Inspection and Consulting LLC
Jerry Woznyj
773-851-9627
foreclosure.com

W Altgeld St
Chicago, IL 60639

6 Beds   2 Baths   2,770 sq. ft.

$400,000

Status: Active Listing ID: 56130149

Property Information

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Public Records

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=W-Altgeld-St-Chicago-IL-60639/56130149_lid

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