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866.381.4238 efax

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301 Greenview Drive, Crystal Lake, IL 60014

www.chicagolandrealestatelaw.com
lawgoddess1@gmail.com
773.818.9054 office/cell
866.381.4238 efax

Check out my interview, Expert Advice on Buying a Foreclosed Home on Illinois Homes, one of the top sites for Illinois homes for sale, including Wheaton, IL real estate. Illinois Homes also services Michigan homes for sale and Pennsylvania homes for sale.

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Sunday, June 22, 2008

Buying a Foreclosed Home

Are you thinking about buying a foreclosed home? You can find many of these homes online, but real estate agents/brokers also have great connections and resources in finding these homes and most banks use them to sell their homes. Look for a house that has been on the market for at least 90 days. 

You can also find these homes online. On
http://www.redfin.com/, you can do a free search for these properties. Chicago is going to be included on this list very soon. Also, you can search nationwide for a small fee at http://www.foreclosures.com/ or http://www.realtytrac.com/.

Make sure if you do decide to buy one of these homes that you do an inspection!!! Never buy a foreclosed home without a thorough inspection. People who are facing foreclosure often neglect maintenance and may have stripped the home of its fixtures and appliances on the way out. Be sure to factor remodeling and repair work into the price you negotiate.

Also, of course, make sure you hire a competent real estate attorney to represent you. Good luck!

10:13 am cdt 


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