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
$219,900
Condo For Sale
New
2
BED
2
TOTAL BATHS
1,100
SQFT
5 North Wabash Avenue #1703
Chicago, IL 60602
 
Short Sale
$659,000
Condo For Sale
New
2
BED
3
TOTAL BATHS
195 North Harbor Drive #502
Chicago, IL 60601
PARKSHORE Subdivision
Short Sale
$575,000
Condo For Sale
Active
3
BED
2
TOTAL BATHS
1,950
SQFT
1520 North Sedgwick Street #2B
Chicago, IL 60610
 
Short Sale
$1,599,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,900
SQFT
2018 North Orleans Street
Chicago, IL 60614
 
Short Sale
$899,900
Single Family Home For Sale
Price Change
5
BED
4
TOTAL BATHS
2,500
SQFT
911 West Addison Street
Chicago, IL 60613
 
Foreclosure
$728,000
Multi-Family For Sale
Active
6
BED
1840 North Bissell Street
Chicago, IL 60614
 
Short Sale
$204,900
Single Family Home For Sale
Contingent
2
BED
1
TOTAL BATHS
1,370
SQFT
1333 North Bosworth Avenue #B
Chicago, IL 60642
 
Short Sale
$275,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,072
SQFT
340 West Diversey Parkway #518
Chicago, IL 60657
 

 

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