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 |
| 60107 | Active | Streamwood | MULBERRY LN | Cook | 3/1 | $80,000.00 | Details |
| 60411 | Active | Chicago Heights | W 14TH PL | Cook | 3/1 | $15,000.00 | Details |
| 60411 | Active | Chicago Heights | W NORMANDY DR | Cook | 4/3 | $99,900.00 | Details |
| 60478 | Active | Country Club Hills | CENTRAL PARK AV... | Cook | 3/1 | $45,000.00 | Details |
| 60124 | Active | Elgin | WOODBRIDGE DR | Kane | 3/2 | $247,800.00 | Details |
| 60644 | Active | Chicago | W FULTON ST | Cook | 1/1 | $19,000.00 | Details |
| 60628 | Active | Chicago | S EGGLESTON AVE... | Cook | 2/1 | $25,000.00 | Details |
| 60629 | Active | Chicago | S MAPLEWOOD AVE... | Cook | 3/1 | $54,900.00 | Details |
| 60651 | Active | Chicago | W AUGUSTA BLVD ... | Cook | 6/6 | $78,900.00 | Details |
| 60656 | Active | Chicago | N POTAWATOMIE S... | Cook | 2/1 | $89,900.00 | Details |
Latest News
Curry's Illinois home in foreclosure - Newsday - Wed, 01 Jul 2009 02:08:23 GMT
Media Take Out Curry's Illinois home in foreclosure Newsday The Knicks center reportedly can add foreclosure issues to his myriad problems, as the company that services his mortgage, Bayview Loan Servicing, ... Eddy Curry's suburban mansion in foreclosure Chicago Sun-Times Ex-Bull Curry facing foreclosure on Illinois mansion FOXSports.com all 178 news articles »
Rain Leaves Illinois Towns Trying to Tame Unruly Grass - New York Times - Sat, 04 Jul 2009 03:37:57 GMT
New York Times Rain Leaves Illinois Towns Trying to Tame Unruly Grass New York Times An extraordinarily wet spring and a rash of foreclosures have conspired to turn some of Chicago's suburbs into overgrown grasslands, with lawns cropping up ... and more »
Illinois home foreclosure filings slow in May - Chicago Tribune - Thu, 11 Jun 2009 07:40:31 GMT
Illinois home foreclosure filings slow in May Chicago Tribune AP CHICAGO - The number of home foreclosure filings in Illinois fell in May, though they still were higher than a year ago. A report released Thursday by ... US foreclosure filings top 300000 as seizures loom Taipei Times May foreclosures fall - but still high AngolaPress Foreclosures Exceed 300000 For Record Third Straight Month NuWire Investor all 672 news articles »
Bad Times, Worse Habits - CounterPunch - Fri, 03 Jul 2009 16:53:02 GMT
Bad Times, Worse Habits CounterPunch You know bad times have hit when Illinois budget cuts no longer permit the state to bury dead indigents. A letter to funeral homes from the ... and more »
