Illinois foreclosures news:
Illinois Home Foreclosures can be an excellent way for anybody who is interested in becoming involved in the ever growing real estate industry. They are properties that have been taken back by the bank because the owner defaulted on the mortgage. This leaves the bank with a property, and nothing to do with it. Most of this houses are sold back to the public so that the bank can make back some of the money that they lost in the first place.
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Cheap or Not?
The cost of these houses is one of the most intriguing topics surrounding the industry. Many people think that they can be had for a minimal amount of money. Whereas this information is false, it is true that these houses can be bought for a very good price. Even though not all of them are going to be sold below market value, a good percentage of them will be. It is not against all odds that you will find homes that can be bought for up to 30% off the market value.
Many people also think that foreclosures are nothing more than slums, and are a waste of money. Some of them are definitely in need of some work, but this is one of the reasons that they can be offered at a low price. The key to buying these houses as well as other types of foreclosures is to look around until you find one that does not require a lot of work. This way you will be able to pleasantly live in the home, or resell it back to the public for a tidy profit.
Our 10 most Recent Illinois Foreclosures
| Zipcode | Status | City | Street | County | Bed/Bath | Price | Details |
| 60020 | Active | Fox Lake | MONROE AVE | Lake | 3/3 | $230,000.00 | Details |
| 60030 | Active | Grayslake | SUFFOLK LN | Lake | 3/2 | $226,100.00 | Details |
| 60153 | Active | Maywood | S 3RD AVE | Cook | 2/2 | $49,900.00 | Details |
| 61764 | Active | Pontiac | N RIVERVIEW DR | Livingston | 3/2 | $49,695.00 | Details |
| 60471 | Active | Richton Park | IMPERIAL DR | Cook | 4/3 | $101,200.00 | Details |
| 61102 | Active | Rockford | W STATE ST | Winnebago | 4/2 | $25,000.00 | Details |
| 61101 | Active | Rockford | BRUCE ST | Winnebago | 3/1 | $25,000.00 | Details |
| 60637 | Active | Chicago | S EBERHART AVE ... | Cook | 3/1 | $145,900.00 | Details |
| 62650 | Active | Jacksonville | CASE AVE | Morgan | 3/2 | $19,900.00 | Details |
| 62650 | Active | Jacksonville | N DIAMOND ST | Morgan | 2/1 | $24,900.00 | Details |
Latest News
Record decline in home prices, foreclosures largely to blame - New York Daily News - Tue, 18 Nov 2008 19:56:04 GMT
Hürriyet Record decline in home prices, foreclosures largely to blame New York Daily News, NY - Nov 18, 2008 In Decatur, Illinois , it climbed 8.7 percent to $93400, and in Bloomington, Illinois , 8.1 percent to $168400. During the quarter, foreclosures boosted sales ... US home prices fall Hürriyet all 371 news articles
Home foreclosures jump 24% in Illinois - Chicago Tribune - Thu, 13 Nov 2008 08:01:14 GMT
Reuters Home foreclosures jump 24% in Illinois Chicago Tribune, United States - Nov 13, 2008 Foreclosure filings in Illinois last month rose 24 percent above their September level, to 12681 properties in some stage of foreclosure . ... US Foreclosure Filings Rose as Home Prices Fell (Update1) Bloomberg Your wallet Chicago Sun-Times Foreclosures Up 25 Percent: RealtyTrac WBBM780 Bizjournals.com - Arkansas Democrat Gazette all 269 news articles
IL Attorney General Sues Seven Foreclosure "Rescue" Firms - Mortgageorb - Wed, 19 Nov 2008 14:51:17 GMT
IL Attorney General Sues Seven Foreclosure "Rescue" Firms Mortgageorb, CT - Nov 19, 2008 Madigan filed lawsuits against the following companies: National Foreclosure Counseling Services, Foreclosure Solutions, Homestead Protection Services, Home ... Illinois Files Lawsuits Against 7 Mortgage Rescue Companies AHN Illinois AG Files Lawsuits Against Mortgage Rescue Companies WGIL Radio News Attorney general sues Rockford company for mortgage fraud Rockford Register Star all 13 news articles
Illinois foreclosures up 24 percent in October - The Windy Citizen - Tue, 18 Nov 2008 21:09:08 GMT
Illinois foreclosures up 24 percent in October The Windy Citizen, IL - Nov 18, 2008 Cook County was hit the hardest with 6885 property foreclosures filed during October. This is more than half of the total foreclosure for Illinois , ... County home sales down 27 percent Northwest Herald Summer home sales down from 2007 Kane County Chronicle all 4 news articles
