If I were interested in purchasing the property that is listed, what would the requirements?

Asked by Karl Ray, Chicago, IL Sun Jan 25, 2009

This question is about this property: http://www.trulia.com/foreclosure/2003618051--S-Wolcott-Ave-…

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Christopher…, Agent, Chicago, IL
Mon Jan 26, 2009
Dear Karl,

Have you spoken with a mortgage lender or a bank to get your financing in place?

This really should be your first step in any purchase transaction. Your lender will let you know how much you should reasonably expect to be be able to afford to purchase. After you know that number, then you can search for properties that fit your budget. This one is probably well within your budget, but you should still pursue a pre-approval from a lender first.

If you do not yet have a lender, I could recommend a few or you can contact the bank that owns this property and have them pre-approve you to purchase this property.

Let me know if you need any additional assistance.

Christopher Thomas
Broker Associate, Sudler Sotheby's International Realty
773-418-0640 (cell)
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