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Plainfield IL Short Sales - 12/17/11 02:04 AM
In the month of November 2011, there were 77 new properties that began the foreclosure process in Plainfield, IL.  In November 2010, there were 79 new properties that began the foreclosure process.  Not really much of a change when comparing  market snapshots for the same time year to year.
Illinois is a judicial state, meaning that the lender must take legal action against the homeowner in a court to regain ownership of the property.  From the time the Lis Pendens is filed the owners have anywhere from 6 months upwards of nearly 2 years before the lender takes back the property.  … (0 comments)

Plainfield Foreclosures up 30% in 2011 | Plainfield IL Short Sale Realtors - 12/17/11 02:03 AM
The amount of foreclosure proceedings for 2011 are up from 660 new pre-foreclosure filings in 2010 to 944 new filings in 2011. These numbers are from January 1st through November 30th for both years.  Until the end of this final month of the year I won’t have the final yearly totals, so I compared both years through the end of November to keep the comparisons consistent.
This is not good news for anyone looking to sell a home as a regular residential sale in Plainfield IL anytime soon. These homes will most likely sell at discount through either short sale or … (1 comments)

 
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Julie Ferenzi

Plainfield, IL

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Real People Realty, Inc.

Address: Plainfield, IL, 60544

Office Phone: (630) 673-6233

Cell Phone: (630) 673-6233

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