Pre Foreclosures

Pre Foreclosed Homes in Chicago Rose to Over 70,000 in 2009

The number of pre foreclosed homes in the Chicago metro area soared by 10.2 percent to over 70,000 in 2009, according to data from the Woodstock Institute.

How to Price Homes in a Sluggish Market

In the housing market, it is all about the price especially for a buyer’s market. It is given that when a market is favoring the buyers, selling a home even one that is in the pre-foreclosure stage will be downright challenging. Very few sellers receive offers unless they have managed to price their property correctly. [...]

Buying a Pre Foreclosure for Less

One of the ways many homebuyers are finding discounts on properties these days is through buying pre foreclosure homes before they are sold off through repo auctions. Pre foreclosures are properties that are in danger of being foreclosed upon due to a homeowner’s default. Sometimes these properties will have auctions scheduled for the future, and in some cases the homeowner may still have a great deal of time left to find a way to pay off their debt and avoid a foreclosure.