$1,607,066 EMV

5.5 Baths   6,175 Sq. Ft.   Single-Family
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Mavor Ln
Highland Park, IL 60035

Status: Active
Listing ID: 56905846

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10/25/21
Bank owned
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. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.
10/25/12
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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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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Highland Park, IL
Home Inspectors
Home Raters, Inc.
Stuart E. Zwang, P.E.
847-433-3450
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Mavor Ln
Highland Park, IL 60035

5.5 Baths   6,175 sq. ft.   Single-Family

$1,607,066 EMV

Status: Active Listing ID: 56905846

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