There’s a ton of information on finding foreclosures in Chicago, and lots of services that will charge you for access to their data. In fact, we have our own foreclosure property listings in Chicago IL right here. Join our Foreclosure Property Alert List here >>
How do you tell the difference between credible information and useless marketing gimmicks with local foreclosure properties?
Foreclosure property listings in Chicago
Some services – like foreclosure.com – are doing a great job consolidating information from many sources. Investors like us use them all the time because it’s cheaper and faster to use their information rather than combing through the classifieds ourselves. But the major drawback with online services like that is the information in them can be a tad old.
You may be looking at foreclosures that other investors who got their info directly from the courthouse got weeks or months ago.
We also use other sources too.
Lots of real estate agents who “specialize in foreclosures” publish their own lists, but these are often just marketing gimmicks to trade your contact info for stale goods.
There’s no harm in signing up for free lists – if the info is no good, just unsubscribe.
You’ll probably spend a lot of time getting excited about properties that are already sold or no longer available, but that’s part of the learning curve when you’re just starting out in the foreclosure market.
When you’re evaluating a new list to see if it’s worthwhile, compare the properties on the list to what’s published in other lists.
If you consistently don’t see any new or exclusive information on the list that you can’t get elsewhere, don’t use it.
We’re not real estate brokers, so we don’t sell information or give away crummy lists.
The properties we advertise are our own investments that we’ve picked up or have on contract, so it’s a short but exclusive list.
We’ve built a small, tight network of long-term investors who want to purchase credible investment properties in Chicago IL.
We find deep discounts and pass them along – while keeping a reasonable return that allows us to stay in business.
When we lock up a great deal on a cheap foreclosure (or non-foreclosure – distressed house), we put it out to our list and sell it fast.
If you’re ready to buy and looking for cheap property, sign up – you’ll only hear from us with exclusive deals in Chicago you won’t find anywhere else.