Foreclosure in Chicago>Question Details

Thy, Home Owner in Chicago, IL

I'm interested in purchasing a house next door to me I know it's in foreclosure but i Just want to know if the bank owns it

Asked by Thy, Chicago, IL Tue Sep 6, 2011

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Please contact a buyers agent that will be able to assist you with a response to the status of the property if available through the Multiple Listing Service (MLS). You may wanto visit and find a local agent in your area that is a member of the Realtors Association. Best of luck!
Liz Kenneally
Miami, Florida Realtor
Web Reference:
0 votes Thank Flag Link Tue Sep 6, 2011
From the time that the Bank takes possession of it, until it is LISTED, is usually 2-6 weeks. In the meantime, it is in LIMBO. We might find who the Bank is, but that really doesn't help because they will not tell us anything.
You need to contact a Buyer's Agent and have them look out for the Listing: It will have to be handled by Realtors in any case, you might as well be ready. Your Agent can do the CMA in advance and you'll be the first to know.

Good luck and may God bless
0 votes Thank Flag Link Tue Sep 6, 2011
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