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2928 N Rutherford Ave Chicago, IL 60634 (Montclare)


  • 4 bed,
  • 2 full bath
  • Single-Family Home
Active Contingent

$169,900

Added on Trulia  
Broker: REALTY WORLD ALL PRO, INC.

Home Details for 2928 N Rutherford Ave


180+ Days on Trulia
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Description provided by Realty Trac
2928 N Rutherford Ave cozy home with lots of room. hw floors thru-out, liv. rm, dining rm, bedrooms, updated kitchen and bathrooms. basement just needs your finishing touches. newer windows and all appliances stay. good size yard with 2.5 car garage. priced right for a quick sale. short sale with an experienced negotiator. View our Foreclosure Guides
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Foreclosure Types

  • Pre-Foreclosure (Notice of Default or Lis Pendens):

    Pre-foreclosure (NOD or LIS) is the first stage in the foreclosure process that begins when a homeowner receives a default notice for missing one or more mortgage payments. Owners in default can stop the foreclosure process by paying the past-due payments or by paying off the entire loan balance — usually by refinancing or by selling the property. They can also avoid foreclosure by selling before the auction — this may have to be a short sale if the homeowner owes more than the property is worth. Homeowners in pre-foreclosure are usually motivated sellers who want to avoid losing their property at a public foreclosure auction.


    Read more about Pre-Foreclosures »
  • Auction (Notice of Trustee Sale or Notice of Foreclosure Sale):

    A public foreclosure auction (NTS, NFS) occurs when a homeowner in default does not stop foreclosure proceedings during the pre-foreclosure period. Properties are typically auctioned off in a public location — such as a local county courthouse — by an attorney or local public official. Auctions can present opportunities to buy properties below market value, but usually don't allow for property inspections and often require that buyers pay in cash — typically in the form of cashiers checks. Up until the auction occurs, however, buyers may still have an opportunity to buy directly from the homeowner in default via short sale or regular sale.


    Read more about Foreclosure Auctions »
  • Bank Owned (REO):

    A property becomes a full-fledged foreclosure — sometimes referred to as a Real Estate Owned (REO) property — when it is repossessed by the foreclosing lender. The lender can take possession either through a deed-in-lieu-of foreclosure agreement with the owner during the pre-foreclosure period or through a winning bid at the public foreclosure auction. Foreclosing lenders are often motivated to sell these properties quickly because they are non-performing assets for their bottom line. Of the three stages of foreclosure, REOs are most likely to also be listed for sale with a real estate agent on the MLS, but not all REOs are listed yet — meaning buyers may have to contact the lender or servicer directly to make an offer.


    Read more about Bank Owned Foreclosures »
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Checklist to buy bank-owned properties
If the lender takes ownership of the property, either through an agreement with the owner during pre-foreclosure or at the public auction, the lender will usually want to re-sell the property to recover the unpaid loan amount. If you're a real estate investor...

By RealtyTrac | 233 Comments


Checklist to buy properties at public auction
Real estate auctions are a quick and efficient way to sell and buy property. They can also yield great deals for buyers who have a plan in place and don't get caught up in the exciting auction atmosphere. Use the checklist below to make sure you're prepared...

By RealtyTrac | 29 Comments


Foreclosure definitions and terms
Learn more about common definitions and terms used throughout the foreclosure process by mortgage lenders, investors, and real estate professionals. Notice of Default (NOD): The initial document (non-judicial) filed by a trustee that starts the foreclosure...

By RealtyTrac | 53 Comments


View all foreclosure guides »

Neighborhood Info


$1,099,500
4 br / 2 ba
Single-Family Home
OPEN HOUSE Sun Oct 16, 2pm to 4pm


Contact Info

Agent
Ana Lozano
(708) 452-7653
Broker
REALTY WORLD ALL PRO, INC.
(708) 452-7653