$460,000

4 Beds   3 Baths   2,442 Sq. Ft.   Single-Family
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Howard Dr
Schaumburg, IL 60193

Potential Profit

$30,051

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Status: Active
Listing ID: 55271982

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Foreclosure Timeline

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

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04/03/20
Bank owned
The lender has taken ownership of this property through a foreclosure auction for the amount of $460,000. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.
09/09/19
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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Property Information

Potential Home Value

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Current Value
$460,000
Potential Value
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Public Records

Foreclosure

Properties listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers through a local real estate agent or auction house. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.

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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Rental Value

The estimated rental value for Howard Dr located in Schaumburg, IL is $2,200/month. Comparable homes around Howard Dr that are rentals have monthly ranges starting as low as $1,980 per month and as high as $2,420 per month. An owner looking to use this property as an investment could bring a return in the area of $1,980 - $2,420 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.


Schaumburg, IL
Home Inspectors
The House Doctors Property Inspections
Rick Carlberg
847-309-3000
Homes On This Street
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foreclosure.com

Howard Dr
Schaumburg, IL 60193

4 Beds   3 Baths   2,442 sq. ft.   Single-Family

$460,000

Status: Active Listing ID: 55271982

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=Howard-Dr-Schaumburg-IL-60193/55271982_lid

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