Chicago Short sale homes for sale

Short sale homes for sale have become a common occurrence in the Chicago real estate market.  A short sale is defined as when a lender accepts a lesser amount of money than what is currently owed by the borrower when the home is sold.  Hence, the home is sold at a price short of what is actually owed.  A short sale has its benefits in the real estate market.  It can help a seller who is in financial trouble to sell a home that otherwise would go to foreclosure.  Secondly, it helps the buyer purchase the home at a price more in line with the current market.  Lastly, it removes a non-performing loan from the books of the financial institution.

Chicago Short-Sales Searches January 22, 2020
143
Listed
129
Avg. DOM
$119.36
Avg. $ / Sq.Ft.
$140,000
Med. List Price
143 Properties
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