Property Q&A in Chicago>Question Details

Christina, Home Buyer in Chicago, IL

What is the address for this property?

Asked by Christina, Chicago, IL Thu Jan 15, 2009

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This question is about this property: http://www.trulia.com/foreclosure/2003309536--N-Bernard-St-C…

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Dear Christina,

This is a property that is being listed for sale via RealtyTrac which is a subscription service that offers information on foreclosure and pre-foreclosure properties.

The price that they list here is typically not the actual price but instead either; a suggested starting bid, or a “price” based on either the tax valuation of the property or the value of the identifiable liens on the property at this time.

A property that is identified as Lis Pendens means that the property is part of a current and ongoing legal proceeding. This suggests that the property owner has exceeded their “grace period” during which they could have brought their mortgage loan back into a paid current status and that the lender in question has probably filed a legal motion to begin a foreclosure process.

My colleagues and I subscribe to RealtyTrac to assist home buyers by providing them with the full set of publicly available information on the property in question.

If you’d like to contact me directly, I’d be happy to provide you with the information on this property. I’d also be happy to assist you with the purchase of this or any other foreclosure properties in the area.

Let me know if you have any questions or need any additional information.

Sincerely,
Christopher Thomas
Broker Associate, Sudler Sotheby's International Realty
773-418-0640 (cell)
christopher.thomas@sothebysrealty.com
Web Reference: http://www.myagentchris.com
0 votes Thank Flag Link Fri Jan 16, 2009
Christina,

The information presented with this post is misleading at best. This company is all about publishing bank pre-forclosure information for the purpose of selling a service of sharing foreclosure information with patrons.

Our recomendation is to consult a local real estate professional for the most current information on this property.
0 votes Thank Flag Link Thu Jan 15, 2009
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