foreclosure Bank Owned

South Honore Street, Chicago IL 60609

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South Honore Street, Chicago IL
Transfer Value:
$14,000
(What's this?)
Transfer date:February 16, 2012
Bedrooms:—
Bathrooms:—
Property type:Unspecified
Size:—
Year built:—
Added on site:92 days ago
Total views:18 (as of 5/22/12)
Nearby School:Fulton Elementary School
Neighborhood:Back of the Yards
Zip:60609
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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

Checklist to buy properties at public auction

Real estate auctions are a quick and efficient way to sell and buy property. They can also yield great deals for buyers who have a plan in place and don't get caught up in the exciting auction atmosphere. Use the checklist below to make sure you're prepared...

By RealtyTrac | 15 Comments

Buying homes in pre-foreclosure

Pre-foreclosure is a crucial time in the foreclosure process. It is during this period that investors can typically make the largest profits and can negotiate a deal that may be favorable for all parties involved including the buyer, homeowner, and lender....

By RealtyTrac | 27 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

View all foreclosure guides »

Contact Info for S Honore St

Agent:
Not available
Listing website

Location Information near S Honore St

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.
Fulton Elementary School View Homes Public 1 0.2 mi
Daley Academy View Homes Public 2 0.2 mi
Chicago Int'l Cs - Basil View Homes Public - 0.3 mi
Henderson Elementary Academy View Homes Public 1 0.6 mi
Hedges Elementary School View Homes Public 2 0.6 mi
Daley Academy View Homes Public 2 0.2 mi
Chicago Int'l Cs - Basil View Homes Public - 0.3 mi
Henderson Elementary Academy View Homes Public 1 0.6 mi
Hedges Elementary School View Homes Public 2 0.6 mi
Peace and Education High School View Homes Public - 0.4 mi
Richards Career Academy View Homes Public 1 0.5 mi
Gage Park High School View Homes Public 1 1.1 mi
Lindblom Math Science Academy View Homes Public 9 1.2 mi
Harper High School View Homes Public 1 1.6 mi
Private Schools
No private schools where found for this property and grade level.
Academy St Benedict African View Homes Catholic - 1.1 mi
Visitation School View Homes Catholic - 1.2 mi
St Gall School View Homes Catholic - 1.8 mi
New Hope Lutheran School View Homes Private - 1.8 mi
St Andrew Lutheran School View Homes Private - 2.0 mi
San Miguel School - Back Yard View Homes Private - 0.6 mi
Academy St Benedict African View Homes Catholic - 1.1 mi
Visitation School View Homes Catholic - 1.2 mi
St Gall School View Homes Catholic - 1.8 mi
St Andrew Lutheran School View Homes Private - 2.0 mi
Maria High School View Homes Catholic - 2.2 mi
St Rita Of Cascia High School View Homes Catholic - 3.2 mi
Rudy Lozano Leadership Academy View Homes Private - 3.3 mi
Latino Youth High School View Homes Private - 3.5 mi
Cristo Rey Jesuit High School View Homes Catholic - 3.6 mi
indicates schools assigned to this home. School data provided by OnBoard Informatics. Boundaries provided by Maponics.
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