HUD FORECLOSURE OPPORTUNITY!!!

Ukranian Village HUD Forclosure opportunity!!!

One of the benefits of being an active member of the GreatChicagoRealEstate.com community is getting first shot at great deals like this. My Real Estate attorney, John Conlon, is also a HUD broker. Periodically he will research HUD-owned properties that have yet to come up for auction in an effort to find some good deals. When he finds them, he passes along the information to me so I can give my clients first crack at it. Here's the most recent opportunity:

2659 W. Walton #2
Chicago, IL 60622

This is a 2 bedroom, 2 bath condo in a 6-unit building built in 2001. Here is a description of one of its neighbors: http://mlsni.rexplorer.net/CMPS$FLYER/FLYER_NIR_255751_133319_0129104.HTML

Likely the finishes are similar. The outstanding loan amount is $225,000. HUD will likely open bidding between this amount and $250,000 and John seems to think this will go up for auction as soon as tomorrow. Considering a similar unit in the building is currently under contracr at $309,000, this is a great deal!

For more information about how to pursue this property, please call Christie at 773.771.0007 or email me at christie@chicagourbarealty.com.