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Michael Sorensen's Blog

Chicagoland Top Real Estate Agents Listings

By Michael Sorensen | Broker in Chicago, IL
  • Oak Park Short Sale Specialist Presents Short Sale Condo in Oak Park 1122 Washington Blvd, Unit 2A, Oak Park IL 60302

    Posted Under: Home Buying in Oak Park, Home Selling in Oak Park, Foreclosure in Oak Park  |  May 7, 2013 7:03 PM  |  2,214 views  |  No comments

    This Oak Park short sale condo is located at 1122 Washington Blvd, Unit# 2A in Oak Park, Illinois 60302. It is a Bank of America pre-approved short sale/ pre foreclosure listing. Property is listed and marketed by:

     
    MICHAEL SORENSEN | REMAX CITY CHICAGO | TEL: (773) 987-8224 | 200+ HOMES SOLD
    CDPE SFR Certified Short Sale Specialist: 200+ Short Sales Listed/ Most Sold

     
    1122 Washington Blvd #2A, Oak Park, IL 60302
    1 bed 1 bath condo in Oak Park
     
    offered at $115,000
      
    Sq Footage800
    Bedrooms1
    Bathrooms1 full
    ParkingOff street
    Property Tax$2,335 per year
    HOA/Maint$165 per month

    DESCRIPTION

    SHORT SALE. PRE-APPROVED PRICE AT $115,000. RECENTLY CONVERTED HISTORIC BUILDING. FULLY REMODELED 2ND FLOOR UNIT WITH HARDWOOD FLOORS, CENTRAL AIR, IN UNIT WASHER/DRYER, ALL STAINLESS STEEL APPL'S INCLUDED, GRANITE COUNTERTOPS, BREAKFAST BAR, PAVER BRICK COURTYARD. STORAGE IN BSMT. CLOSE TO DOWNTOWN OAK PARK & FOREST PARK, NEAR TRAINS, SHOPPING & RESTAURANTS. WELL MANAGED BLDG/ FINANCIALLY STABLE. FHA APPROVED.

    VIRTUAL TOUR: www.tourfactory.com/998641 

     
    Oak Park
    ADDITIONAL PHOTOS


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    MICHAEL SORENSEN
    REMAX CITY CHICAGO
    TEL: (773) 987-8224
       
     
     
    Oak Park Short Sale Expert - Oak Park Real Estate and Homes For Sale in Oak Park Illinois.

    www.ChicagoShortsalePRO.com

    Michael Sorensen @ RE/MAX CITY
    200+ Properties SOLD Since 2006

    Click Here to Apply for a Short Sale - Tell us about your property

    Oak Park links:
    Oak Park telephone numbers:
    www.mredllc.com/cityinfo/city_page.asp?id=63

    Oak Park official website: www.oak-park.us 

    Oak Park Real Estate Transfer stamps: www.oak-park.us/Village_Clerk/Real_Estate_Transfer.html

    Oak Park Elementary School District 97: www.op97.org

    Oak Park & River Forest High School: www.oprfhs.org 

    Oak Park restaurants: www.oakparkdining.com/restaurants/Oak-Park-IL 

     Michael Sorensen - REMAX CITY - Chicago Top Re/Max Realty Best Agent in Short Sale - Areas served: Addison, Arlington Heights, Algonquin, Alsip, Antioch, Aurora, Bannockburn, Barrington, Bartlett, Belvidere, Bensenville, Berwyn, Bloomingdale, Bolingbrook, Buffalo Grove, Bridgeview, Burbank, Burr Ridge, Carol Stream, Carpentersville, Cary, Cicero, Crystal Lake, Deerfield, Deer Park, Des Plaines, Downers Grove, Dundee, Edison Park, Elgin, Elk Grove Village, Elmhurst, Elmwood Park, Evanston, Fox Lake, Forest Glen, Franklin Park, Geneva, Genoa, Glencoe, Glendale Heights, Glenview, Grayslake, Great Lakes, Gurnee, Hainsville, Hampshire, Hanover Park, Harwood Heights, Hawthorn Woods, Highland Park, Hinsdale, Hoffman Estates, Huntley, Ingleside, Inverness, Island Lake, Itasca, Ivanhoe, Irving Park, Jefferson Park, Joliet, Kenilworth, Kildeer, La Grange, Lake Bluff, Lake in the Hills, Lake Forest, Lake Villa, Lakeview, Lake Zurich, Lemont, Libertyville, Lisle, Lincoln Park, Lincolnshire, Lindenhurst, Lombard, Long Grove, Marengo, McHenry, Melrose Park, Morton Grove, Mount Prospect, Mundelein, Niles, Naperville, Norridge, Northbrook, Northfield, North Center, North Chicago, Northlake, Norwood Park, Northshore, O Hare, Oak Brook, Oak Lawn, Oak Park, Old Town, Orland Park, Palatine, Park Ridge, Plainfield, Prairie View, Portage Park, Prospect Heights, Richmond, River Grove, Riverwooods, Rockford, Rogers Park, Rolling Meadows, Rockford, Roselle, Round Lake, Schaumburg, Schiller Park, Skokie, Sleepy Hollow, South Barrington, South Elgin, Spring Grove, Spring Grove, St. Charles, Stone Park, Streamwood, Sugar Grove, Summit, Sycamore, Sugar Grove, Tinley Park, Vernon Hills, Villa Park, Winnetka, Wadsworth, Wauconda, Waukegan, Wayne, Westchester, Wheaton, Wheeling, Willowbrook, Wilmette, Winthrop Harbor, Wonder Lake, Wood Dale, Woodridge, Woodstock, Zion, Illinois.


  • Find Oak Park Illinois Short Sale Agents Listings Search Foreclosures in Oak Park

    Posted Under: Home Buying in Oak Park, Home Selling in Oak Park, Foreclosure in Oak Park  |  July 5, 2012 3:27 PM  |  712 views  |  No comments

    Michael Sorensen - RE/MAX City

    TEL: (773) 987-8224

    www.ChicagoShortSalePRO.com

    CDPE, SFR Certified Short Sale Specialist: 100+ SOLD
    Sellers Ag
    ent, Listing Agent, Property Marketing Expert

    Visit my website: www.msorensen.illinoisproperty.com 

      Apply For Short Sale

    > Search Oak Park (IL) Short Sales, Foreclosures, Homes For Sale  

    Find Oak Park Short Sale Agents, Search Oak Park Foreclosure Listings, Oak Park Real Estate, Oak Park Homes For Sale, Oak Park Condos, Oak Park Houses, 60302, 60304, Oak Park Short Sellers Pre Foreclosure Assistance, Oak Park Home Buyers Realty Agent.

    Oak Park Sellers:
    > Free Market Evaluation
    > Apply For a Short Sale

    Oak Park Links:
    Oak Park info & Oak Park Telephone Numbers: www.mredllc.com/cityinfo/city_page.asp?id=63
    Village of Oak Park official website:
    www.oak-park.us 
    Oak Park & River Forest High School:
    www.oprfhs.org 
    Oak Park Restaurants:
    www.oakparkdining.com/restaurants/Oak-Park-IL

  • (SOLD) Short Sale Condo in Oak Park

    Posted Under: Home Buying in Oak Park, Home Selling in Oak Park, Foreclosure in Oak Park  |  July 1, 2012 7:46 PM  |  597 views  |  No comments
    Short Sale Condo in Oak Park at 616 Harrison St, Unit 1E, Oak Park, Illinois 60304 www.ChicagoShortSalePRO.com - Tel 773-987-8224  > Apply For a Short Sale



    See The Virtual Tour Photos >> Click Here to See the Virtual Tour

    616 Harrison St, Oak Park (google map) (yahoo map)
     
    616 Harrison St, Unit# 1E, Oak Park, IL 60304
     
    1Bed, 1Bath - Condo
     
    Year Built 1927
    Sq Footage Unspecified
    Bedrooms 1
    Bathrooms 1 full, 0 partial
    Floors 1
    Parking 1 Uncovered spaces
    Lot Size Unspecified
    HOA/Maint $259 per month

    616 Harrison St, Oak Park - Description

    Spacious vintage 2nd floor condo with deeded parking and in unit Washer/Dryer. Quiet back corner unit with views of beautiful courtyard. Largest 1 Bedroom in recently gut rehabbed building. Walk in closet in bedroom. Kitchen with maple cabinets and newer appliances. Wood crown moldings, arched doorways, large windows. Foyer with built in bookcase. Great location near train, pool, park, restaurants. Short Sale.

    Oak Park Sellers:
    >
    Free Market Evaluation
    >
    Apply For a Short Sale

     

    616 Harrison St, Oak Park - ADDITIONAL PHOTOS


















     













     


     

     Virtual Tour >  Click Here to See the Virtual Tour  < Virtual Tour

     

     
    Contact info:
    www.ChicagoShortSalePRO.com MICHAEL SORENSEN 
    RE/MAX CITY
    Tel: (773) 987-8224
    For sale by agent/broker

    Michael Sorensen @ RE/MAX City - Chicago Top ReMax Realty, Best Realtors, Find Short Sale Agents in Oak Park IL, Search Oak Park Foreclosure listings, Oak Park Real Estate, Oak Park Homes For Sale, Oak Park Condos, Oak Park Property Short Sellers, Oak Park Home Buyers.


     
  • Oak Park Illinois Foreclosures, Oak Park Short Sales, Oak Park Buyer's REALTOR, Oak Park Real Estate Homes For Sale in Oak Park

    Posted Under: Home Buying in Oak Park, Home Selling in Oak Park, Foreclosure in Oak Park  |  November 16, 2010 7:18 PM  |  718 views  |  No comments
    Oak Park Short Sale Agent, Oak Park Foreclosure REALTOR

    www.khaley.illinoisproperty.com/oak-park-short-sale-foreclosure-agent.aspx   

    KOROLL HALEY - RE/MAX CITY

    TEL 708-288-8383

    Oak Park Real Estate Agent, Oak Park Homes For Sale, Oak Park Short Sale Realtor, Oak Park Pre Foreclosure Help.

    Oak Park, Illinois Foreclosure update for November 2010:

    There are 190 bank owned properties in Oak Park.
    There are 285 mortgage defaults (pre-foreclosure) in Oak Park.
    There are 91 Oak Park properties listed in the MLS as a Short Sale.

    Short Sale Houses in Oak Park.
    27 Single Family Homes are listed in the MLS as a Short Sale in Oak Park.

    Short Sale Condos in Oak Park.
    59 Condos or Townhouses are listed in the MLS as a Short Sale in Oak Park.

    Short Sale Investment Properties 
    in Oak Park.
    4 Multi-Family Buildings are listed in the MLS as a Short Sale in Oak Park.

    Chicago Foreclosure update for November 2010
    14,873 bank owned properties in Chicago, IL.
    22,654 foreclosures pending (mortgage defaults) in Chicago, IL.

    Foreclosure Related Terms and Definitions:

    Short Sale (Pre Foreclosure Workout Solution)
    Definition: A Short Sale is a real estate sales transaction contingent upon successful negotiations with the seller's lender(s), lien holder(s), and/or other third parties, to obtain approval to sell the property for less than is owed on the mortgage. The purpose of a short sale is to settle the mortgage with the lender and avoid foreclosure. Generally, a short sale seller should have a legitimate financial hardship (job loss or substantial reduction in income, business failure, divorce/ separation, medical reasons, military service, etc..) and does not have enough equity in the property to pay back what is owed on the mortgages, back taxes, and closing costs. 

    Why is it called a Short Sale? - The proceeds of the sale fall short of the property owner's real estate debt obligations (mortgage loans, real estate taxes, real estate commissions, etc..).

    Why Banks agree to do Short Sales? Banks agree to do short sales when a short sale makes more financial sense to bank than foreclosure. Short Sales usually sell 10% below the current fair market value. An average loss per foreclosure is 65%. An average loss on a Short Sale is 40%, that is a savings of 25% on average Short Sale versus Foreclosure Sale (REO).

    Who pays the seller's closing costs in Short Sales?
    The lender. Realtor's commissions, seller's attorney legal fees, title insurance, property taxes, are paid by the seller's lender from the proceeds of the short sale, at closing.

    What is a HAFA Short Sale?
    http://makinghomeaffordable.gov/hafa.html

    Foreclosure.
    Definition: Repossession of a real property. A legal process by which the lender forces a sale of a mortgaged property because the borrower has not met the terms of the mortgage. In Illinois, a borrower would have to miss at least 3 mortgage payments before the lender can start the foreclosure. The foreclosure process takes at least 7 months to complete, in most cases longer.

    REO.
    Definition: Real Estate Owned. Refers to Bank or Corporate owned property aquired through foreclosure. If a property does not sell at the sheriff sale (auction), it converts back to the lender and becomes an REO (bank owned).

    BPO.
    Definition: Broker Price Opinion. Lenders order BPO's or property appraisals in order to establish FMV (Fair Market Value).

    ---------------------------------------

    Michael Sorensen Short Sale Foreclosure Group
    RE/
    MAX CITY REALTY

    Work with The Best!

    The Official Number 1 Agent in closed transactions volume for The Official Number 1 RE/MAX Office in Chicago (2009)

    www.ChicagoShortSalePRO.com 

    "We've helped move 100+ families since 2009"

    KOROLL HALEY - REALTOR
    Oak Park Resident
    TEL (708) 288-8383  
    www.khaley.remax-ni.com

      

    Koroll Haley - Multi-Million Dollar Producer
    For The #1 RE/MAX in Chicago - RE/MAX CITY

    MICHAEL SORENSEN - REALTOR
    TEL (773) 987-8224
    www.msorensen.remax-ni.com

      

    Michael Sorensen - Top Ranked Seller's Agent
    For The #1 RE/MAX in Chicago - RE/MAX CITY



    CDPE - Certified Distressed Property Experts

    www.ChicagoShortSalePro.com

    Looking to Short Sell? Click Here

    Free Market Evaluation or Search MLS (click images below)

    Oak Park, Illinois official website: www.oak-park.us

    Oak Park Illinois Real Estate, Oak Park Homes For Sale, Oak Park Short Sales, Short Sell, Short Selling, Oak Park Buyers, Oak Park Sellers, Oak Park Property Values, Oak Park Foreclosures, Oak Park Bank owned proeprties, Oak Park Houses, Oak Park Condos, Oak Park agents brokers.Chicago Short Sale Homes For Sale, Chicago & Suburban Chicago Real Estate, Illinois Short Sale Listing Service - Chicago and Northern Illinois Short Sales: Cook County Short Sale, DuPage County Short Sale, Lake County Short Sale, McHenry County Short Sale, Will County Short Sale, Kane County Short Sale, Kendall County Short Sale, Boone County Short Sale. Short Sell For FREE! We are paid by the Short Sale Seller's Lender (no out of pocket expenses to seller) - Work With The Best! MICHAEL SORENSEN - The #1 Agent For The #1 RE/MAX in Chicago (2009) - TEL 773-987-8224 -- TEL 847-696-1664 - Remax City Realtors Norwood Park Chicago, Chicago Short Sale Specialist, Polish Spanish Speaking Top Realtors, Best Realtors, Top Realty, Top Real Estate Agent, Chicago Best Selling Remax Realty Office in Chicago Illinois, Real Estate Agents in Addison, Arlington Heights, Algonquin, Alsip, Antioch, Aurora, Bannockburn, Barrington, Bartlett, Belvidere, Bensenville, Berwyn, Bloomingdale, Bolingbrook, Buffalo Grove, Bridgeview, Burbank, Burr Ridge, Carol Stream, Carpentersville, Cary, Cicero, Crystal Lake, Deerfield, Deer Park, Des Plaines, Downers Grove, Dundee, Edison Park, Elgin, Elk Grove Village, Elmhurst, Elmwood Park, Evanston, Fox Lake, Forest Glen, Franklin Park, Geneva, Genoa, Glencoe, Glendale Heights, Glenview, Grayslake, Great Lakes, Gurnee, Hainsville, Hampshire, Hanover Park, Harwood Heights, Hawthorn Woods, Highland Park, Hinsdale, Hoffman Estates, Huntley, Ingleside, Inverness, Island Lake, Itasca, Ivanhoe, Irving Park, Jefferson Park, Joliet, Kenilworth, Kildeer, La Grange, Lake Bluff, Lake in the Hills, Lake Forest, Lake Villa, Lakeview, Lake Zurich, Lemont, Libertyville, Lisle, Lincoln Park, Lincolnshire, Lindenhurst, Lombard, Long Grove, Marengo, McHenry, Melrose Park, Morton Grove, Mount Prospect, Mundelein, Niles, Naperville, Norridge, Northbrook, Northfield, North Center, North Chicago, Northlake, Norwood Park, Northshore, O Hare, Oak Brook, Oak Lawn, Oak Park, Old Town, Orland Park, Palatine, Park Ridge, Plainfield, Prairie View, Portage Park, Prospect Heights, Richmond, River Grove, Riverwooods, Rockford, Rogers Park, Rolling Meadows, Roselle, Round Lake, Schaumburg, Schiller Park, Skokie, Sleepy Hollow, South Barrington, South Elgin, Spring Grove, Spring Grove, St. Charles, Stone Park, Streamwood, Sugar Grove, Summit, Sycamore, Sugar Grove, Tinley Park, Vernon Hills, Villa Park, Winnetka, Wadsworth, Wauconda, Waukegan, Wayne, Westchester, Wheaton, Wheeling, Willowbrook, Wilmette, Winthrop Harbor, Wonder Lake, Wood Dale, Woodridge, Woodstock, Zion, Illinois.

 
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