$209,719 EMV

Get the Preforeclosure Address

Emerald Ave
Steger, IL 60475

Overview

This is located at Emerald Ave, Steger, IL 60475. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time.
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Status: Inactive
Listing ID: 58689336

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Property Information

  • Source ID: 21699873
  • Day(s) On Site: 65
  • Subdivision: COLUMBIA HEIGHTS
  • Case Number: 19 CH 1604
  • Trustee Name: EGAN AND ALAILY LLC
  • Trustee City: CHICAGO
  • Trustee Address: 321 NORTH CLARK STREET SUITE 1430
  • Trustee State: IL
  • Trustee Zip: 60654
  • Trustee Phone: (312) 253-8640
  • Trustee Reference Number: 42-3602
  • Deed Category: NFS
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Public Records

  • APN: 23-15-05-203-059-0000
  • Property Type: Single Family Residence
  • Township: CRETE TWP
  • Subdivision: COLUMBIA HEIGHTS

Preforeclosure

Often, the preforeclosure period is the best time to purchase a property. The process begins when a lender first notifies a borrower that his or her loan payments are behind. If a borrower has no other means to bring the payments up to date, he or she is far better served to sell the property as soon as possible before it falls into foreclosure.

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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Auction Information

  • Auction Date: 11-30-2022
  • Auction Time: 01:00 PM

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Rental Value

The estimated rental value for Emerald Ave located in Steger, IL is $1,480/month. Comparable homes around Emerald Ave that are rentals have monthly ranges starting as low as $1,410 per month and as high as $1,550 per month. An owner looking to use this property as an investment could bring a return in the area of $1,410 - $1,550 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.


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Emerald Ave
Steger, IL 60475

$209,719 EMV

Status: Inactive Listing ID: 58689336

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Emerald-Ave-Steger-IL-60475/58689336_lid

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