What is foreclosure? - 02/28/10 08:44 PM
Foreclosure is a process that allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership (repossession) of the property securing the loan. The foreclosure process begins when a borrower/owner defaults on loan payments and the lender files a public default notice or a lis pendens (Latin for “lawsuit pending”) – depending on the state. The default notice is a public record, and for buyers it’s the first step in locating a property in foreclosure.
The foreclosure process can end one of four ways:
1. The borrower/owner pays off the default amount to reinstate the loan … (0 comments)

New short sale listing - 02/28/10 12:50 PM
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Illinois Short Sales - 02/26/10 09:04 PM
Short Sales
 
What is a short sale?
A Short Sale is when the lender agrees to accept less than what’s owed on a mortgage that is secured by real estate via a sale of the property to a third party. With this agreement, the lender releases the borrower from the mortgage, thereby preventing foreclosure.  
What are the benefits of a short sale to the homeowner?
The seller wins by avoiding foreclosure by selling their home before the foreclosure auction even if they owe more than its worth. If they were to sell the house the traditional way with a … (2 comments)

Egeland earns SFR designation - 02/22/10 09:22 PM
FOR IMMEDIATE RELEASE:
 
 
Eric P. Egeland earns NAR Short Sales and Foreclosure Certification
Buyers and Sellers Benefit from REALTOR® Expertise in Distressed Sales
 
02/22/2010
 
Eric P. Egeland with RE/MAX SUBURBAN has earned the nationally recognized Short Sales and Foreclosure Resource certification. The National Association of REALTORS® offers the SFR certification to REALTORS® who want to help both buyers and sellers navigate these complicated transactions, as demand for professional expertise with distressed sales grows.
 
According to a recent NAR survey, nearly one-third of all existing homes sold recently were either short sales or foreclosures.  For many … (0 comments)

Vacant Lot - 02/21/10 08:30 PM
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Astor Place Rental - 02/14/10 09:46 AM
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Bucktown Penthouse - 02/11/10 03:56 PM
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Palatine Price Reduction - 02/02/10 11:04 AM
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Eric Egeland, SFR, e-PRO, CDPE

Libertyville, IL

More about me…

RE/MAX SUBURBAN

Address: 1344 S. Milwaukee Ave, Libertyville, IL, 60048

Office Phone: (847) 557-8552

Cell Phone: (847) 337-7090

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