Gold Coast Chicago Short Sales
Gold Coast Chicago short sales have definitely become more common among home and condo buyers in Chicago's Gold Coast. By definition, a short sale is when the sale of real estate property falls short of the balance of debts still remaining on the home, while the lender or lien holder agree to accept the lesser amount, which was determined prior to the sale, consequently (but not always) releasing borrowers from their financial obligation to the property. In other words, a short sale occurs when homeowners still owe more on their home than its current market value and furthermore consult their lender to agree to terms on selling the home for that lower market value as a way to avoid foreclosure.
More About Gold Coast Chicago Short Sales
There’s no doubt that Gold Coast Chicago Short Sales can be often be a complex and time-consuming real estate transaction, so it's very important to choose a real estate agent who has plenty of experience in the downtown Chicago real estate market, as well as in short sale real estate. Leo Clark, a Gold Coast and downtown Chicago real estate expert, gives you the best chance for success throughout the entire short sale buying process, so for more information on Gold Coast Chicago Short Sales for sale, give him a call at (312) 280-9600.
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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Gold Coast Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.
Listing information last updated on July 15th, 2020 at 7:15pm CDT.