Chicago Foreclosure And Short Sale Listings

Here are the definitions of a short sale, foreclosure and REO. Plus the latest Chicago foreclosure and short sale listings.

Short Sale

A short sale is a sale of a property where the net proceeds from selling the real estate will fall short of the mortgage (liens) against the property. In a short sale, if all lien holders agree to accept less than the amount owed then the sale of the property can be completed.

Foreclosure

A legal process where a lender tries to recover the balance of a mortgage from a borrower who has stopped making payments on the loan by forcing the sale of the property.

REO

Real estate owned or REO describes properties owned by a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction.

Current Chicago Foreclosure And Short Sale Real Estate Listings

Short Sale
$1,799,000
Single Family Home For Sale
New
4
BED
4
TOTAL BATHS
3,900
SQFT
2018 North Orleans Street
Chicago, IL 60614
 
Foreclosure
$228,800
Condo For Sale
Active
1
BED
1
TOTAL BATHS
800
SQFT
728 West Jackson Boulevard #617
Chicago, IL 60661
 
Short Sale
$429,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,516
SQFT
165 North Canal Street #1409
Chicago, IL 60606
RANDOLPH PLACE Subdivision
Short Sale
$200,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
1529 South State Street #8D
Chicago, IL 60605
 
Foreclosure
$981,000
Single Family Home For Sale
Active
5
BED
5
TOTAL BATHS
5,400
SQFT
634 West Surf Street
Chicago, IL 60657
 
Foreclosure
$524,900
Townhouse For Sale
Active
2
BED
2
TOTAL BATHS
1338 North Burling Street #1338
Chicago, IL 60610
 
Foreclosure
$572,000
Condo For Sale
Active
3
BED
2
TOTAL BATHS
2,150
SQFT
401 East Ontario Street #3509
Chicago, IL 60611
 
Foreclosure
$449,900
Condo For Sale
Active
1
BED
2
TOTAL BATHS
600 North Lake Shore Drive #2810
Chicago, IL 60611
 

 

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