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.
Click on the map to start your foreclosures search:
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 |
| 60005 | Active | Arlington Heights | S DWYER AVE | Cook | 3/2 | $207,900.00 | Details |
| 60104 | Active | Bellwood | 47TH AVE | Cook | 3/1 | $54,900.00 | Details |
| 60647 | Active | Chicago | W ALTGELD ST | Cook | 2/1 | $22,000.00 | Details |
| 60101 | Active | Addison | S WENBRIAR SQ | Dupage | 2/3 | $170,000.00 | Details |
| 60651 | Active | Chicago | W HADDON AVE | Cook | 3/1 | $35,900.00 | Details |
| 60653 | Active | Chicago | S VINCENNES AVE... | Cook | 2/2 | $33,900.00 | Details |
| 60402 | Active | Berwyn | HARVEY AVE | Cook | 4/2 | $74,900.00 | Details |
| 60181 | Active | Villa Park | S140 EUCLID AVE... | Dupage | 4/2 | $174,500.00 | Details |
| 60061 | Active | Vernon Hills | BROOK LN | Lake | 2/1 | $118,900.00 | Details |
| 60089 | Active | Buffalo Grove | N BUFFALO GROVE... | Lake | 2/2 | $130,000.00 | Details |
Latest News
Assessments down, tax rates rising, spending uncertain - Kane County Chronicle - Tue, 09 Feb 2010 04:28:46 GMT+00:00
Assessments down, tax rates rising, spending uncertain Kane County Chronicle And much of the blame for those market conditions can be traced to the epidemic of home mortgage foreclosures that continues to grip the region. ...
Some area foreclosure rates down a little - Plainfield Sun - Fri, 29 Jan 2010 10:06:38 GMT+00:00
The Star-Ledger - NJ.com Some area foreclosure rates down a little Plainfield Sun Illinois home sales were down 1.5 percent compared to 2008. The median home price dropped 14.6 percent. Michael Onorato, president of the association, ... Las Vegas, California Cities Top Foreclosure List in 2009 BusinessWeek 2009 Foreclosures List Topped by California and Las Vergas Cities TopNews United States Foreclosures running high Honolulu Star-Bulletin all 191 news articles »
Illinois among leaders in 2009 foreclosures - Chicago Tribune - Thu, 14 Jan 2010 04:31:27 GMT+00:00
Illinois among leaders in 2009 foreclosures Chicago Tribune Illinois , along with California, Florida and Arizona, shared the dubious distinction last year of accounting for more than half of the nation's foreclosure ... Foreclosures Hit High In 2009, Saw Spike In December -RealtyTrac Wall Street Journal Foreclosures up 33% Chicago Sun-Times Foreclosures : An Increase of 21% in 2009 and Climbing BusinessWeek Chicago Daily Herald - Inman.com - OregonLive.com (blog) all 575 news articles »
Foreclosure rates remain steady - Belleville News Democrat - Sat, 06 Feb 2010 09:05:59 GMT+00:00
Foreclosure rates remain steady Belleville News Democrat In Illinois , 6 percent of sales in that span were homes in foreclosure compared to the 10 percent of buyers who purchased homes in foreclosure throughout ... and more »
