4 Beds   1 Bath   1,287 Sq. Ft.   Single-Family
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Vollbrecht Rd
South Holland, IL 60473

*Rental Value Coming Soon

Overview

This Single-Family is located at Vollbrecht Rd, South Holland, IL 60473. 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. It has 4 Beds, 1 Bath , 1,287 sqft of living space.
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Status: Inactive
Listing ID: 51549116
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Learn about Vollbrecht Rd in South Holland, IL

This single-family property is available as a preforeclosure at Vollbrecht Rd. It has 4 bedrooms, 1 bathrooms, and 1,287 square feet of living space. Based on our analysis of the current market conditions in South Holland for Vollbrecht Rd and comparable listings, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Vollbrecht Rd are updated daily along with others in South Holland, Illinois.


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Property Information

  • Bedrooms: 4
  • Bathrooms: 1
  • Living Area Size: 1,287
  • Year Built: 1972
  • Comments: Investor opportunity! This property is being offered at Public Auction on 11-28-2018. Visit Auction.com now to view additional photos, Property Inspection Report with title information, plat maps and interior inspection reports when available. Auction.com is the nation's leading real estate transaction platform focused exclusively on the sale of residential foreclosure and bank-owned properties. The majority of these properties are priced below market value. Don't miss this special opportunity to buy homes at wholesale prices! In addition to this property, 337 other properties are scheduled for sale at this same Foreclosure Sale. In our online auctions and live Foreclosure Sales, Auction.com currently has 1 properties scheduled for sale in Cook County and 2669 throughout Illinois. All properties and sale details can be found with a simple search at Auction.com. Create a FREE account today to find more properties like this one, save searches of properties that meet your investment criteria and have the properties you're looking for emailed directly to you when posted in an upcoming sale event. To view the complete details of this exact property, click the Auction.com link below or paste the Property ID# 2689491 into the search bar at Auction.com
  • Day(s) On Site: 1992
  • Property Type: Single Family Dwelling
  • Subdivision: HUGUELETS 4TH ADDT SOUTH HO
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Public Records

  • Baths: 1.5
  • Full Baths: 1
  • Half Baths: 1
  • No. of Stories: MULTI-LEVEL
  • Parking: ATTACHED GARAGE
  • Air Conditioning: CENTRAL
  • Fireplaces: YES
  • Exterior Wall Type: FRAME/MASONRY
  • Roof Material: ASPHALT SHINGLE
  • Land Area Sqft: 7,200
  • Year Built: 1974
  • APN: 29-26-209-035-0000
  • Property Type: Single Family Residence
  • Living Sqft: 1,287
  • Basement Finish Type: RECREATION ROOM
  • Garage: ATTACHED
  • Style: SPLIT LEVEL
  •  
  • Subdivision: HUGUELETS 4TH ADDT SOUTH HO

Community & Neighborhood

This property in South Holland, IL is located in the Huguelets 4th Addt South Ho Subdivision.


Preforeclosure

The property located at Vollbrecht Rd in South Holland, IL is listed as a Preforeclosure

This listing located at Vollbrecht Rd in South Holland, IL could be available as a Rent-to-Own listing as well, additional diligence will be required from the buyer to determine if this listing can be approved as a RTO.

Please take note that this property in South Holland, Illinois is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in South Holland, IL, commonly referred to as Pre-Foreclosure, indicating that the homeowner has missed at least one payment and is considered delinquent. However, instead of going through a potentially lengthy foreclosure process, which could take up to 18 months, the homeowner may be open to considering a Rent-to-Own option that covers their mortgage.

Since Pre-Foreclosure properties are not formally listed for sale, there is no asking price available. Instead, you’ll find either the original loan balance or an Estimated Market Value (EMV) provided. To make a reasonable offer for this home, it’s advisable to use either the loan balance or EMV amount in conjunction with local sale price comparables to determine an appropriate offer. Alternatively, the homeowner might be willing to work with you on a monthly amount that can help them avoid the foreclosure process.

You may also want to check with a real estate attorney or other legal authority to discuss the potential risks of executing a Rent-to-Own agreement with the current Pre-foreclosure owner. If the current owner in South Holland, Illinois doesn't make their mortgage payments, they could lose the property which would directly affect you and your Rent-to-Own agreement.

For this reason, many buyers find a real estate investor or investment company to buy a Pre-Foreclosure property from the current owner. The investor/investment company could then offer you a Rent-to-Own agreement on that property that you worked out with them in advance, which could stabilize the investment and prevent complications.

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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Address: Vollbrecht Rd South Holland IL 60473

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Auction Information

  • Auction Date: 11-29-2018

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Vollbrecht Rd
South Holland, IL 60473

4 Beds   1 Bath   1,287 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 51549116

Property Information

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Public Records

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Property Description

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