$111,860 EMV

2 Beds   2 Baths   968 Sq. Ft.   Condo
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Fairview Ave Apt 102
Downers Grove, IL 60516

Status: Active
Listing ID: 57939800

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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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Rental Value

The estimated rental value for Fairview Ave Apt 102 located in Downers Grove, IL is $1,281/month. Comparable homes around Fairview Ave Apt 102 that are rentals have monthly ranges starting as low as $1,220 per month and as high as $1,388 per month. An owner looking to use this property as an investment could bring a return in the area of $1,220 - $1,388 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.


Downers Grove, IL
Home Inspectors
Ace Inspection Services
Michael Krueger
6307307992
A1 Property Inspection Corp.
Robert (Bob) Casey
630-878-0493
Homes On This Street
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Fairview Ave Apt 102
Downers Grove, IL 60516

2 Beds   2 Baths   968 sq. ft.   Condo

$111,860 EMV

Status: Active Listing ID: 57939800

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=Fairview-Ave-Apt-102-Downers-Grove-IL-60516/57939800_lid

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