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Originally Posted On: https://www.urbchicago.com/chicago-bank-foreclosed-homes-for-sale/
One way URB has been able to offer home buyers, rehabbers, and investors affordable properties since 1986 is by purchasing Chicago bank foreclosed homes. Being that our real estate inventory is constantly changing, and some properties may be in the process of being posted or closed, we suggest you connect with a URB property specialist. URB casas en venta Chicago y sin ningún papeleo de su parte.
No Credit Check Financing Available For Foreclosed Homes For Sale.
Our URB easy no credit check financing continues to give just about anyone the opportunity to purchase a home or investment property. And, since we own the real estate we sell, URB Chicago properties are affordable, processed with minimal paperwork, and there is no need for bank or lender prequalification.
Sin crédito. Mal credito. No hay problema. Nuestros especialistas hispanos le darán un trato directo y no habrá terceros ni intermediarios, la aprobación es inmediata. Casas en venta
Chicago bank foreclosed homes are part of URB’s affordable real estate portfolio which includes multi-family, 2, 3, and 4 flats, and commercial properties which also have URB financing options.
A bank foreclosed property for sale simply means that a house or other real estate-owned (REO) property has gone back to the mortgage lender due to a homeowner’s inability to pay or afford the mortgage.
So, what kind of foreclosures does URB Chicago look for?
· Pre-foreclosure: Houses in the beginning stages of foreclosure. The owners of these properties are often looking for cash offers for houses in as is condition.
· Auction: Auctions occur as part of the foreclosure process to try and sell the house for the amount owed on the mortgage.
· Bank-owned or REO: These are properties that weren’t sold through the two prior steps and the bank lender takes over the responsibility of tax-liens, repairs, etc.
While buying bank foreclosures are a great opportunity if you’re looking for cheap houses, the fact is bank foreclosures for sale require:
· Patience
· Financing or money down
· Knowledge of bank foreclosed homes and the market.
