foreclosure Bank Owned
$153,625 (Transfer Value)

West Arlington Place #2, Chicago IL 60614

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West Arlington Place #2, Chicago IL
Transfer Value:
$153,625
(What's this?)
Transfer date:February 16, 2012
Bedrooms:—
Bathrooms:—
Property type:Unspecified
Size:—
Year built:—
Added on site:92 days ago
Total views:36 (as of 5/22/12)
Nearby School:Alcott Elementary School
Neighborhood:Lincoln Park
Zip:60614
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Description provided by Realty Trac
Bank Repossessed. This property has completed the foreclosure process and is now owned by the foreclosing lender, which took title to the property for an estimated consideration (loan balance plus other fees and costs). Foreclosing lenders are often motivated to sell bank-owned properties (also known as REO, or Real Estate Owned) quickly because they are non-performing assets. Please register for a free trial with RealtyTrac to access complete information for this property, including full address, foreclosure details, lender information, and more.  View our Foreclosure Guides

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Foreclosure Types

Pre-Foreclosure
Auction
Bank Owned
 

Bank Owned (REO):

A property becomes a full-fledged foreclosure — sometimes referred to as a Real Estate Owned (REO) property — when it is repossessed by the foreclosing lender. The lender can take possession either through a deed-in-lieu-of foreclosure agreement with the owner during the pre-foreclosure period or through a winning bid at the public foreclosure auction. Foreclosing lenders are often motivated to sell these properties quickly because they are non-performing assets for their bottom line. Of the three stages of foreclosure, REOs are most likely to also be listed for sale with a real estate agent on the MLS, but not all REOs are listed yet — meaning buyers may have to contact the lender or servicer directly to make an offer. Read more about Bank Owned Foreclosures »

Foreclosure Guides

Buying bank-owned properties

If a lender takes ownership of a property, either through an agreement with the owner during pre-foreclosure or at public auction, the lender will usually want to re-sell the property to recover the unpaid loan amount. Check out the tips below to find out...

By RealtyTrac | 81 Comments

Checklist to buy properties in pre-foreclosure

Buying a property in pre-foreclosure involves approaching the borrower/owner and offering to buy the property outright. It is during this time that an investor can typically make the largest profits and can negotiate a deal that may be favorable for all parties...

By RealtyTrac | 14 Comments

Secrets to closing last-minute pre-foreclosure deals

If you're interested in investing in pre-foreclosure property, you should know that owners in default may not agree to sell until the last minute — sometimes only a few days before the public foreclosure auction. You'll need to act quickly and may even...

By RealtyTrac | 11 Comments

View all foreclosure guides »

Contact Info for W Arlington Pl #2

Agent:
Not available
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Location Information near W Arlington Pl #2

Property
Estimates
Schools
Amenities
Transit
$1,099,500
4 br / 2 ba
Single-Family Home
OPEN HOUSE Sun Oct 16, 2pm to 4pm
Type GreatSchools Rating Distance
Schools in Chicago Public School District 299
No public schools where found for this property and grade level.
Alcott Elementary School View Homes Public 8 0.2 mi
Lincoln Park High School View Homes Public 8 0.5 mi
Lincoln Elementary School View Homes Public 9 0.2 mi
Oscar Mayer Elementary School View Homes Public 4 0.7 mi
Newberry Math and Science Academy View Homes Public 7 0.9 mi
Nettelhorst Elementary School View Homes Public 6 1.0 mi
Lincoln Elementary School View Homes Public 9 0.2 mi
Oscar Mayer Elementary School View Homes Public 4 0.7 mi
Newberry Math and Science Academy View Homes Public 7 0.9 mi
Nettelhorst Elementary School View Homes Public 6 1.0 mi
Walter Payton College Preparatory High School View Homes Public 10 1.8 mi
Alcott High School - Humanities View Homes Public - 1.9 mi
Noble St Cs - Noble View Homes Public 4 2.1 mi
Uplift Community High School View Homes Public 2 2.7 mi
Private Schools
No private schools where found for this property and grade level.
St Clement School View Homes Catholic - 0.1 mi
Francis W Parker School View Homes Private - 0.5 mi
St James Lutheran School View Homes Private - 0.6 mi
Mount Carmel Academy View Homes Catholic - 0.9 mi
Chicago City Day School View Homes Private - 1.2 mi
St Clement School View Homes Catholic - 0.1 mi
Francis W Parker School View Homes Private - 0.5 mi
St James Lutheran School View Homes Private - 0.6 mi
Mount Carmel Academy View Homes Catholic - 0.9 mi
Chicago City Day School View Homes Private - 1.2 mi
Francis W Parker School View Homes Private - 0.5 mi
Latin School Of Chicago View Homes Private - 1.3 mi
British School Of Chicago View Homes Private - 1.4 mi
Lake View Academy View Homes Private - 1.4 mi
Lycee Francais De Chicago View Homes Private - 2.0 mi
indicates schools assigned to this home. School data provided by OnBoard Informatics. Boundaries provided by Maponics.
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