Almost As Good As Stealing A Property?

12 properties were purchased on November 1, 2011, by real estate foreclosure investors in Cook, Lake and Dupage counties in Illinois, which included the Chicago metro area. Our client, Cherry Picker Investments, LLC, the top rated foreclosure investing solution service, continues to deliver exceptional results for sophisticated, nimble investors.  "We are seeing a real split in the foreclosure investing market right now as activity heats up due to rising distressed inventories of banks.  The less experienced investors appear to be overpaying due, likely due to their limited knowledge, but the experienced investors are actively acquiring heavily discounted properties for both rental and rehabbing," said Bardan Azari, Cherry Picker Investments.

Below is a list of the properties which were sold at auction, purchased as foreclosures.  Zillow estimate, balance due on the mortgages that were foreclosed upon, and the purchase price are listed for comparative analysis.

4444 S. Washtenaw Chicago, IL 60632     Balance due: $177,000              Zestimate: $ 90,300    Winning Bid: $ 17,050

1542 N. Laramie Chicago, IL 60651           Balance due: $225,239             Zestimate: $134,000   Winning Bid: $ 30,100

2107 S. Austin Cicero, IL 60804               Balance due: $218,724             Zestimate: $108,100    Winning Bid: $ 60,001

6151 S. Kolin Chicago, IL 60629               Balance due: $212,528             Zestimate: $129,600    Winning Bid: $ 69,200

6049 N. Talman Chicago, IL 60659           Balance due: $136,951             Zestimate:  $ n/a          Winning Bid: $ 29,467

222 Timbercrest Dr, Schaumburg, IL 60193 Balance due: $319,374           Zestimate: $278,200    Winning Bid: $180,500

230 Rainier Way Fox Lake, IL 60020         Balance due: $109,504             Zestimate: $138,500    Winning Bid: $ 70,525

4334 N. Albany Chicago, IL 60618            Balance due: $284,827            Zestimate: $292,700   Winning Bid: $161,501

568 Fairview #2i Wheeling, IL 60090        Balance due: $ 88,843             Zestimate:  $ 78,900     Winning Bid: $ 14,818

309 Bridgewater Bloomingdale, IL 60108   Balance due: $288,660            Zestimate: $269,500    Winning Bid: $186,401

1381 E. Evergreen #6 Palatine, IL 60074   Balance due: $153,600           Zestimate: $120,400    Winning Bid: $ 58,501

1527 Goldenrod Terr. Round Lake Beach, IL 60073   Balance due: $ 83,838  Zestimate: $100,900 Winning Bid: $28,087

Indeed some interesting address and even more interesting prices.

Michael Hobbs, PahRoo Appraisal & Consultancy