If 4957 Trillium Trail, Long Grove is in Pre-Foreclosure

Needahouse
Home Buyer
60047

Why would I want to work with the seller when there is such a large delta between the list price and the judgment amount and I could wait for for the Auction?

Answers (2)
Judy Greenberg
Agent
60089

Since I am the lister on this property, please give me a call and I can help you buy this property and answer your questions, about this property and the other homes in Prairie Trails

Judy Greenberg
Coldwell Banker Buffalo Grove
847-602-5435

Mon Jun 8 2009, 19:18
Kathy Diegel
Agent
60089
FIRST ANSWER

Needahouse,

The owner is only in the very beginning of the foreclosure process. It will be quite some time before it would be bank owned, and even then there is only a small chance the bank will opt to put it up for auction. Most times the bank will list it with a realtor at a price that reflects comparable home sales in the area.
If you really like this home, you should consult with a local realtor to counsel you on the what is the lowest possible offer you can make to the owner given their current situation without being rejected. Working with the owner you will have a better chance at making a deal. Once the bank owns it, they will be looking to recoop their legal fees etc that goes along with the foreclosure process.
I am a Cerified Negotiation Consultant and also a local agent that knows the Prairie Trails area well. Please let me know when you are ready to make your move and I will be happy to represent you during negotiations. There is no fee to you the buyer to have an agent representing your interests.

Kathy Diegel
Coldwell Banker
Kathy.Diegel@cbexchange.com
847-707-8907

Tue May 19 2009, 12:21

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