$183,523 EMV

1 Bath   1,378 Sq. Ft.

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N Rainbow Dr
Glenwood, IL 60425

Status: Inactive
Listing ID: 56805068

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Property Information

  • Bathrooms: 1
  • Living Area Size: 1,378
  • Year Built: 1964
  • Source ID: 21305401
  • Subdivision: GLENWOOD MANOR UNIT 01
  • Parcel Number: 32-04-102-058-0000
  • Defendant Name: MARDIE BROWN
  • Case Number: 19 CH 4375
  • Trustee Address: 1 E WACKER DR SUITE 1250
  • Trustee City: CHICAGO
  • Trustee State: IL
  • Trustee Zip: 60601
  • Trustee Phone: (312) 651-6700
  • Deed Category: NTS

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Public Records

  • Baths: 1
  • Full Baths: 1
  • No. of Stories: MULTI-LEVEL
  • Air Conditioning: CENTRAL
  • Fireplaces: YES
  • Exterior Wall Type: FRAME/MASONRY
  • Roof Material: ASPHALT SHINGLE
  • Land Area Sqft: 6,900
  • Year Built: 1964
  • APN: 32-04-102-058-0000
  • Property Type: Single Family Residence
  • Living Sqft: 1,378
  • Basement Finish Type: RECREATION ROOM
  • Garage: DETACHED
  • Style: SPLIT LEVEL
  • Subdivision: GLENWOOD MANOR UNIT 01


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.


Auction Information

  • Auction Date: 11-29-2021
  • Auction Time: 11:00 AM
  • Auction Address: 120 WEST MADISON STREET SUITE 718A
  • Auction City: CHICAGO

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N Rainbow Dr
Glenwood, IL 60425

1 Bath   1,378 sq. ft.

$183,523 EMV

Status: Inactive Listing ID: 56805068

Property Information

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Public Records

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Property Description

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