Short Sale Chicago

Avoid Foreclosure. I Can Help.

* MORE SHORT SALES IN 2012

Short Sales Will Increase Dramatically in 2012

by The KCM Crew on May 7, 2012 · 2 comments

We believe that short sales will be a major part of the real estate market in 2012. That is why we have dedicated this entire week to posts exclusively on this subject. We hope that by the end of the week you have a better handle on the need for short sales and a better understanding of the process. – the KCM Crew
It seems that the banks have finally realized that a short sale is a better option than foreclosure for them, the homeowner and the neighborhood. It is for this reason we believe that 2012 will come to be known as the year of the short sale. CNN Money reported on this exact point:

“We believe 2012 could be a record year for short sales,” said Daren Blomquist, vice president at RealtyTrac.

Banks are showing signs of being more open and willing to approve the deals — even if it means accepting less money. The average sales price for a short sale was $174,120 in January, down 4% from December and 10% year-over-year.

Market Watch also addressed the short sale situation recently:

Fitch expects the increase in short sales to continue because of the potential benefits afforded to both lenders and borrowers. Some borrowers may prefer short sales because, though they cannot stay in the property, they often walk away with cash incentives from lenders and healthier credit reports unmarred by foreclosure. For lenders, short sales provide a more efficient and cheaper alternative to the increasingly lengthy and costly foreclosure process. Read more…

If you are interested in selling your home, including selling for less than loan amount (short sale), please contact me:

Barbara Pedersen, Realtor®, Broker
CDPE/Certified Distressed Property Expert, Short Sales
Traditional Sales and Purchases
covering the City of Chicago and Chicago’s South and Southwest Suburbs.
e-mail at:b.pedersen@comcast.net
or call at: 708-539-9900
Classic Realty Group
Orland Park, Il

FOR HELP CALL Barbara
708-539-9900
or e-mail:
b.pedersen@comcast.net

May 7, 2012 Posted by | Buying, Hickoty Hills, Il, Miscellaneous, Orland Park, Il, Palos Hills, Il, Selling, Short Sales | , , , , , , , , , , , | Leave a comment

* BEAUTIFUL CONDO IN PALOS HILLS, IL

SHORT SALE IN PALOS HILLS
SHORT SALE AGENT PRESENTS:
11011 Stony Creek, Palos Hills, Il
Very nice 2 bedroom condo, remodeled a few years ago. Modern kitchen combined with a dining room and a spacious living room. Large bedrooms, master bedroom features full bath. Parquet floors, cathedral ceilings, 2 baths, in-unit laundry, 1 car garage. Refrigerator to be replaced by a working substitute prior to closing. Walking distance to Stagg High School and Moraine Valley Community College.
Short Sale! Excellent value!

For more information  please contact
Barbara Pedersen
708-539-9900
:b.pedersen@comcast.net



October 18, 2010 Posted by | Buying, Homes for Sale, Palos Hills, Il, Selling, Short Sales | 2 Comments

* PALOS HILLS HOME SALES REPORT from JANUARY to SEPTEMBER 2010

PALOS HILLS, IL
Market report for the period
from January to September 2010.

Property type: single family

Criteria:
active listings on the market
homes under contract
homes sold.

SINGLE FAMILY HOMES Listed – 50
Average Market Time – 124 days
Highest price – 795,000
Lowest Price – 115,000

SINGLE FAMILY HOMES under Contract – 13
Average Market Time – 174 days
Highest Price – $399,000
Lowest Price – $172,000

SINGLE FAMILY HOMES Sold – 42
Average Market Time – 180 days
Highest Price – $360,000
Lowest Price – $51,000

October 3, 2010 Posted by | Buying, Homes for Sale, Market Statistics, Palos Hills, Il, Selling | , , | Leave a comment

   

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