Property Q&A in River Forest>Question Details

Gretchen, Home Buyer in Oak Park, IL

This property is still listed on RealtyTrac, but not on MLS. Is this property still for sale? Thank you.

Asked by Gretchen, Oak Park, IL Thu Nov 13, 2008

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It does not appear that the property has ever been listed in the MLS for sale. Realty Trac picked it up because there is Lis Pendens activity. Realty Trac follows many items including payment status, liens, litigation, foreclosure and other public record activity on properties. It indicates that this property is in the early stages of foreclosure. It ay be that the property does become bank owned in time and may be sold at auction or in the MLS as a foreclosure, only time will tell.

It is a great home, on a great block in River Forest. I anticipate that the BPO, Broker Price Opinion, would indicate that the value of the property would be a lot higher than what is currently owed. That said, if it goes up for auction or sale, it should be listed a a very good price, but command a much higher price from interested buyers.

The most recent closing on this block in 2006 was for 1.04 Mil.

Best of luck and please let me know if you have any further questions or are looking for a home in the area.
0 votes Thank Flag Link Fri Nov 14, 2008
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