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

Foreclosure
$420,000
Condo For Sale
New
2
BED
2
TOTAL BATHS
1,196
SQFT
511 West Division Street #506
Chicago, IL 60610
 
Short Sale
$545,000
Condo For Sale
New
3
BED
3
TOTAL BATHS
1,834
SQFT
3140 North Sheffield Avenue #709
Chicago, IL 60657
 
Short Sale
$209,900
Single Family Home For Sale
New
1
BED
1
TOTAL BATHS
1150 North Lake Shore Drive #12G
Chicago, IL 60611
 
Short Sale
$258,500
Condo For Sale
Active
1
BED
1
TOTAL BATHS
849
SQFT
440 North Wabash Avenue #2904
Chicago, IL 60611
 
Short Sale
$270,000
Condo For Sale
Contingent
1
BED
1
TOTAL BATHS
1500 West Monroe Street #206
Chicago, IL 60607
 
Short Sale
$259,000
Condo For Sale
Active
1
BED
2
TOTAL BATHS
980
SQFT
50 East Bellevue Place #1101
Chicago, IL 60610
 
Foreclosure
$457,500
Condo For Sale
Active
2
BED
3
TOTAL BATHS
920 North Wood Street #B
Chicago, IL 60622
 
Short Sale
$294,900
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,100
SQFT
1525 South Sangamon Street #505-P
Chicago, IL 60608
 

 

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