br
1 ba
1,195 sqft
Apartment
From:
RealtyTrac
Listing Type: Foreclosure
Status:
Lis Pendens (Pre-Foreclosure)
What's this?
Year Built: 1927
Price/sqft: $324
Lot Size:
Days on Market: More than 30 days
ZIP Code: 60634
Neighborhood: Dunning
Additional Info: Prior sale history, Assessor records
This property is a Lis Pendens. This is the initial document filed by an attorney or trustee on behalf of the foreclosing lender that starts the foreclosure process. This 1195 square foot property has 0 bedroom(s) and 1 bath(s). The estimated loan balance is $387004. To access more extensive information...
Register at RealtyTrac for more details
The foreclosure process begins when a borrower/owner defaults on
loan payments and the lender files a public default notice, called a Notice of Default or Lis Pendens. Buying a
property in pre-foreclosure involves approaching the borrower/owner and offering to buy the property outright.
If the loan is not reinstated by the end of the
pre-foreclosure period, potential buyers can bid on the property at a public auction. Buyers often are required to
pay in cash at the auction and may not have much time to research the title and condition of the property
beforehand; however, a public auction often offers some of the best bargains and avoids the unpredictability of
dealing directly with the borrower/owner.
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. The lender will then typically clear the title and perform needed maintenance and
repair; however, the potential bargain for these REO homes is typically less than a pre-foreclosure or auction
property.
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N Olcott Ave, Chicago IL 60634
(Location is approximate)
Exact location unknown
| This home |
| Listing price: |
$387,004 |
|
| |
| Compared to Chicago |
| Avg. listing price: |
$449,801 |
-14% |
| Avg. sales price: |
|
|
| Avg. price/sqft: |
|
|
Proximity to this address does not guarantee enrollment eligibility. Please contact a
local real estate professional for more information
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This Apartment located at North Olcott Avenue, Chicago IL 60634 is currently for sale and has been on the market for 78 days. N Olcott Ave is in the Dunning neighborhood in Chicago, IL. This property is listed by RealtyTrac for $387,004. The average listing price for Dunning is $321,879, which is lower than the list price for N Olcott Ave. N Olcott Ave has 1 bath, approximately 1,195 square feet, and was built in 1927.
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