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west rogers park homes: short sales and foreclosures, I can't deny it, they are here to stay - 11/10/08 01:10 PM
In the past, I have been very leary of short sales and foreclosure listings that are for sale in the multiple listing service that I use in my day to day business. Unfortunately for our economy, and unfortunately for the banks and investors that provided financing for so many properties that are now for sale, it is a fact that many of these properties that I believed would never make it to a closing table, are now showing up as closed sales. In the areas of Skokie, West Rogers Park, Lincolnwood, Evanston, and Edgewater, I am noticing that almost 1 out
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west rogers park homes: short sales in Skokie, West Rogers Park, Lincolnwood and the North Shore - 03/02/08 07:59 PM
Everyone dreams about a bargain. In the real estate industry, handyman's specials, relocation sales, and yes, even foreclosure sales have been used as headlines by realtors to attract buyers in search of a property they can purchase at below market value. Nowadays, the new buzzword seems to be "short sale". I have been a real estate broker for 20 years now, and this term really has me shaking my head. My take on the process is something like this...... Realtor R approaches a seller who is having some financial challenges, and notes that the seller owes $400,000.00 on his mortgage.
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Earl Ruthman
Skokie,
IL
More about me
Century 21 Affiliated
Office Phone: (773) 465-4200
Cell Phone: (312) 513-4490
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