Chicago has thousands of foreclosure homes available. Some of these are available at almost 60% of the value they had just a few years ago. Purchasing a foreclosure home gives you the ability to buy into instant equity. If you're looking to purchase a foreclosure, contact us so we can review the process with you and help you with our resources. We have a professional team of attorneys and realtors at our fingertips that can maximize your buying opportunities. You can search properties directly by clicking on our bank owned property directory.

Financing a Foreclosure Purchase

If you are not purchasing a home for cash. The selling bank will generally require you to have a firm mortgage commitment. If you do not have one, your offer generally won't even be accepted by the listing realtor. Come to us before you make your offer. We can help document your loan qualification by providing a mortgage loan commitment and communicating with the realtor as needed.

Use our resources to purchase a foreclosure

We have many allied professionals with significant experience in buying (and selling) foreclosures. Use their experience to maximize your chances of finding and buying that perfect foreclosure wherever it may be.

Keep in mind that buying a foreclosure is not for the faint of heart. For example, some foreclosure sellers take weeks to respond to your offer and often they have the right to reject your offer even up to the minute that you close. If you are interested in purchasing a foreclosure, call us and our foreclosure team can educate you.

If you want to know how to buy a foreclosure, start with us! We'll walk you through the steps. We'll arrange for you to have a free consultation with an attorney so you can ask anything and everything you've ever wanted to know about buying a foreclosure.

Find a foreclosure by searching our bank owned property directory. On this page you find a list of banks that are selling foreclosures [also known as bank owned REO] in Illinois. If you find a property you like, give us a call and we'll walk you through the steps.

Call David now at 630.862.6057 or send an e-mail to david@lowr8.com