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Category Archives: foreclosure

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1944 Candlelight Cir Montgomery 60538 MLS 08055355

Illinois real estate - homes for sale and information for buyers and sellers. Homes in Illinois by real estate agent Eric Rogers

Montgomery Foreclosure – Bank Owned Townhome

Silver Springs TownhomeIt’s fairly common to find foreclosures in fair to good condition in this market, but only rarely will you find one this good. This beautiful townhome actually puts many regular traditional sales to shame with both condition and price. Loaced in Silver Springs – a community of attached homes located just north of Rt. 30 in Montgomery. This community is also a part of the much larger Fairfield Way subdivision that includes several beautiful parks, hiking/biking paths and several large stocked ponds. This townhome at 1944 Candlelight Circle feeds into the very popular Yorkville Community School District 115. Here are a few of the features that stand out about this beautiful townhome:

Montgomery Home KitchenYou’ll really love the location of this townhome. It’s an end unit, so you only have neighbors on one side and this particular home is located along the pond. You can enjoy beautiful water views from your private patio and the sun setting over the nearby fields is particularly picturesque. Visitors to this property are immediately impressed with the peaceful seclusion – the loudest sounds from your back yard are the chirping of song birds. The townhome is quite large – at 1688 square feet, it’s one of the largest models in Silver Springs. Inside, one of the top features is the large kitchen. With lots of cabinet and counter space, you’ll never run out of room. If you’ve seen foreclosures and short sales with either missing, trashed or basic appliances, you’re in for a treat. 1944 Candlelight Circle includes a high-end stainless steel oven, microwave and refrigerator. There is also a large breakfast room as well as a separate formal dining room with views of the back patio and pond.

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Posted in foreclosure, montgomery homes, montgomery real estate, Real Estate | Tagged 1944 Candlelight, Montgomery Foreclosure, Silver Springs Montgomery

Top 5 Foreclosure Misconceptions

Illinois real estate - homes for sale and information for buyers and sellers. Homes in Illinois by real estate agent Eric Rogers

The number of foreclosures on the market over the last 5 years has risen dramatically. Currently in Illinois, there are areas where most or all of the sales are actually bank-owned foreclosures. For many buyers, the process of purchasing a foreclosure is unknown and there are a lot of myths out there that really don’t help or are flat-out wrong. The process of buying a foreclosure, bank-owned, corporate-owned or REO property has changed drastically just over the past few years. This post is intended to highlight the top 5 misconceptions about purchasing a foreclosure. As I’m sure you know, the market is constantly changing. It’s important that you work closely with an agent that specializes in foreclosures and bank-owned properties. I can help you safely navigate this process and have many years of experience in the foreclosure market. Call (630) 346-1041 or email me at erogers@c21proteam.com for more information.

#1. Foreclosures are Trashed and Need Lots of Work

While this is sometimes the case, it is actually more common in this market that foreclosures are in much better condition than you expect. Because there have been so many, banks have gotten the sale of these properties down to a process. The banks and asset management companies that sell these properties have realized that more can be made by elevating a distressed property to a repaired property. For this reason, many foreclosures are being repaired or even rehabbed before they are listed. You will still occasionally find your typical torn up foreclosure or a mold house or similar out there, but there are also very good odds that you’ll find one with much less work to do and that most likely can be lived in while it’s repaired.

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Posted in foreclosure, illinois homes, Real Estate, real estate guides | Tagged buying foreclosure, foreclosure myths, illinois foreclosure

Home Winterization in the Fox Valley

Illinois real estate - homes for sale and information for buyers and sellers. Homes in Illinois by real estate agent Eric Rogers

Winterizing a home is an important factor for homeowners in the Fox Valley. If you have a home that will be vacant for a period of time, consider taking the proper precautions to prevent a potental flood in your home.

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Posted in foreclosure, general, home maintenence, Real Estate, real estate guides, winterization

Case Shiller Indexes Point to Further Home Price Stabilization

Illinois real estate - homes for sale and information for buyers and sellers. Homes in Illinois by real estate agent Eric Rogers

The S&P/Case Shiller index released yesterday, September 29 is a major indicator of national and regional home price movement. The new values for August displays the 6th consecutive month of improvment in home prices across the country from a low … Continue reading →

Posted in Chicago Area News, foreclosure, general, Home Property Values, Home Values, market trends, Real Estate News | Tagged case schiller index, chicago home values, chicago real estate, housing news, housing values, national home prices, Real Estate

2009 Real Estate Updates

Illinois real estate - homes for sale and information for buyers and sellers. Homes in Illinois by real estate agent Eric Rogers

Wow, a lot has happened since I’ve had a chance to post. First a few updates: 2009 has been an interesting year. There have been ups and downs in the real estate market just like with everything else. We started … Continue reading →

Posted in foreclosure, fox valley news, general, illinois homes, market trends, Real Estate

Has the Market Hit Bottom?

Illinois real estate - homes for sale and information for buyers and sellers. Homes in Illinois by real estate agent Eric Rogers

Home buyers across Illinois are wondering if the real estate market has hit the bottom. Let’s take a look at some of the factors involved in our Illinois real estate market.

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Posted in aurora news, Aurora Real Estate, buying a home, buying homes, foreclosure, fox valley news, general, illinois homes, loans, market trends, mortgage, Real Estate, selling a home, selling homes | Tagged aurora homes, buying a home, homes, homes in illinois, house, housing market, illinois homes, mortgage, rates, selling a home

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