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
$457,000
Condo For Sale
New
3
BED
2
TOTAL BATHS
1,800
SQFT
4648 North Winthrop Avenue #3B
Chicago, IL 60640
 
Short Sale
$424,900
Condo For Sale
New
2
BED
2
TOTAL BATHS
1,300
SQFT
1155 West Madison Street #502
Chicago, IL 60607
 
Short Sale
$285,000
Condo For Sale
New
1
BED
1
TOTAL BATHS
850
SQFT
33 West Delaware Place #21B
Chicago, IL 60610
 
Foreclosure
$339,900
Condo For Sale
Contingent
2
BED
2
TOTAL BATHS
1850 North Clark Street #303
Chicago, IL 60614
HEMINGWAY HOUSE Subdivision
Foreclosure
$429,500
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,060
SQFT
849 North Franklin Street #1216
Chicago, IL 60610
Parc Chestnut Subdivision
Foreclosure
$389,900
Condo For Sale
Pending
2
BED
2
TOTAL BATHS
1,250
SQFT
701 South Wells Street #1608
Chicago, IL 60607
WELLS STREET TOWER Subdivision
Foreclosure
$140,000
Condo For Sale
Pending
1
BED
1
TOTAL BATHS
800
SQFT
4343 North Clarendon Avenue #714
Chicago, IL 60613
 
Foreclosure
$269,000
Condo For Sale
Active
2
BED
1
TOTAL BATHS
909 West Cornelia Avenue #1S
Chicago, IL 60657
 

 

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