$14,000


5 Beds   1 Bath   1,640 Sq. Ft.

11348 S Eggleston Ave,

Chicago, IL 60628

Status: Inactive
Listing ID: 40253410

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Property Information

  • Price: $14,000
  • Bedrooms: 5
  • Bathrooms: 1
  • Living Area Size: 1,640
  • Total Rooms: 9
  • Year Built: 1905
  • Additional Information: FHA Financing: UI (Uninsured), 203K Eligible: Yes, Repair Escrow: $0.00
  • Source ID: 137-287400
  • Appraised Date: 06-26-2013
  • Appraised Value: $24,000
  • Input Date: 10-02-2013

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$14,000
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HUD Home

Purchase this incredible HUD home with a low down payment! U.S. Department of Housing and Urban Development (HUD) is a federal agency that insures mortgages to homeowners through its Federal Housing Administration (FHA). Therefore, when banks foreclose on HUD-guaranteed mortgages, the government agency acquires the properties and often offers them for sale at super low prices to the public. HUD houses are among the very best deals in real estate today and, accordingly, don't last long on the market. Act fast!

First Steps to Buying a Foreclosure

Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:

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S Eggleston Ave
Chicago, IL 60628

5 Beds   1 Bath   1,640 sq. ft.

$14,000

Status: Inactive Listing ID: 40253410

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