Monday, March 10, 2008

Elburn Pre-Foreclosure Opportunity

I had the chance to look at a pre-foreclosure in Elburn this weekend. It's a small house - probably something for a first time buyer. 1 bedroom plus a loft. The home is in very nice shape with no garage but a gravel parking pad or 2 cars off the street. This is probably a perfect home for a first time buyer. Originally purchased as a rental it has been used as a rental property. I am estimating the value at between $120,000 - $150,000. This home is not yet on the market but I can submit an offer to the bank. So if you are interested in purchasing the property - call me at 630-846-4663. This property will be a short sale - so it means we will be negotiating with the bank on the sale. I have several years experience doing this and I work with a very experienced Attorney & title company that help get the purchase approved.

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