Michael Sorensen - Certified & Experienced Foreclosure Agent/Broker
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→ Chicago Foreclosures - Search Chicago Real Estate Foreclosures • Find Chicago REO MLS Listings • View Chicago Bank Owned Properties • Lender Foreclosed Repossessed Homes in Chicago Illinois.
→ Schiller Park Foreclosures
- Search Schiller Park Real Estate Foreclosures • Find Schiller Park REO MLS Listings • View Schiller Park Bank Owned Properties • Lender Foreclosed Repossessed Homes in Schiller Park Illinois.
→ Des Plaines Foreclosures - Search Des Plaines Real Estate Foreclosures • Find Des Plaines REO MLS Listings • View Des Plaines Bank Owned Properties • Lender Foreclosed Repossessed Homes in Des Plaines Illinois.
→ Park Ridge Foreclosures - Search Park Ridge Real Estate Foreclosures • Find Park Ridge REO MLS Listings • View Park Ridge Bank Owned Properties • Lender Foreclosed Repossessed Homes in Park Ridge Illinois.
→ Niles Foreclosures - Search Niles Real Estate Foreclosures • Find Niles REO MLS Listings • View Niles Bank Owned Properties • Lender Foreclosed Repossessed Homes in Niles Illinois.
→ Glenview Foreclosures - Search Glenview Real Estate Foreclosures • Find Glenview REO MLS Listings • View Glenview Bank Owned Properties • Lender Foreclosed Repossessed Homes in Glenview Illinois.
→ Northbrook Foreclosures - Search Northbrook Real Estate Foreclosures • Find Northbrook REO MLS Listings • View Northbrook Bank Owned Properties • Lender Foreclosed Repossessed Homes in Northbrook Illinois.
→ Skokie Foreclosures - Search Skokie Real Estate Foreclosures • Find Skokie REO MLS Listings • View Skokie Bank Owned Properties • Lender Foreclosed Repossessed Homes in Skokie Illinois.
→ Evanston Foreclosures - Search Evanston Real Estate Foreclosures • Find Evanston REO MLS Listings • View Evanston Bank Owned Properties • Lender Foreclosed Repossessed Homes in Evanston Illinois.
→ Highland Park - Deerfield Foreclosures - Search Real Estate Foreclosures, REO Properties, Bank Owned Homes in Highland Park & Deerfield Illinois.
→ Lincolnshire & Riverwoods Foreclosures - Search Real Estate Foreclosures, REO Properties, Bank Owned Homes in Lincolnshire & Riverwoods Illinois.
→ Wilmette Foreclosures - Search Wilmette Real Estate Foreclosures • Find Wilmette REO MLS Listings • View Wilmette Bank Owned Properties • Lender Foreclosed Repossessed Homes in Wilmette Illinois.
→ Arlington Heights Foreclosures - Search Arlington Heights Real Estate Foreclosures • Find Arlington Heights REO MLS Listings • View Arlington Heights Bank Owned Properties • Lender Foreclosed Repossessed Homes in Arlington Heights Illinois.
→ Buffalo Grove Foreclosures - Search Buffalo Grove Real Estate Foreclosures • Find Buffalo Grove REO MLS Listings • View Buffalo Grove Bank Owned Properties • Lender Foreclosed Repossessed Homes in Buffalo Grove Illinois.
→ Mount Prospect Foreclosures - Search Mount Prospect Real Estate Foreclosures • Find Mount Prospect REO MLS Listings • View Mount Prospect Bank Owned Properties • Lender Foreclosed Repossessed Homes in Mount Prospect Illinois.
→ Prospect Heights Foreclosures - Search Prospect Heights Real Estate Foreclosures • Find Prospect Heights REO MLS Listings • View Prospect Heights Bank Owned Properties • Lender Foreclosed Repossessed Homes in Prospect Heights Illinois.
→ Schaumburg Foreclosures - Search Schaumburg Real Estate Foreclosures • Find Schaumburg REO MLS Listings • View Schaumburg Bank Owned Properties • Lender Foreclosed Repossessed Homes in Schaumburg Illinois.
→ Hoffman Estates Foreclosures - Search Hoffman Estates Real Estate Foreclosures • Find Hoffman Estates REO MLS Listings • View Hoffman Estates Bank Owned Properties • Lender Foreclosed Repossessed Homes in Hoffman Estates Illinois.
→ Streamwood Foreclosures - Search Streamwood Real Estate Foreclosures • Find Streamwood REO MLS Listings • View Streamwood Bank Owned Properties • Lender Foreclosed Repossessed Homes in Streamwood Illinois.
→ Bartlett Foreclosures - Search Bartlett Real Estate Foreclosures • Find Bartlett REO MLS Listings • View Bartlett Bank Owned Properties • Lender Foreclosed Repossessed Homes in Bartlett Illinois.
→ Elgin & South Elgin Foreclosures - Search Elgin Real Estate Foreclosures • Find Elgin REO MLS Listings • View Elgin Bank Owned Properties • Lender Foreclosed Repossessed Homes in Elgin and South Elgin Illinois.
→ Palatine Foreclosures - Search Palatine Real Estate Foreclosures • Find Palatine REO MLS Listings • View Palatine Bank Owned Properties • Lender Foreclosed Repossessed Homes in Palatine Illinois.
→ Barrington Foreclosures - Search Barrington Real Estate Foreclosures • Find Barrington REO MLS Listings • View Barrington Bank Owned Properties • Lender Foreclosed Repossessed Homes in Barrington, South Barrington, North Barrington Illinois.
→ Lake Zurich - Kildeer - Hawthorn Woods Foreclosures - Search Real Estate Foreclosures in Lake Zurich, Kildeer, Hawthorn Woods and Long Grove Illinois.
→ Vernon Hills - Mundelein - Libertyville Foreclosures - Search Real Estate Foreclosures REO Bank owned properties in Vernon Hills, Libertyville and Mundelein.
→ Naperville Foreclosures - Search Naperville Real Estate Foreclosures • Find Naperville REO MLS Listings • View Naperville Bank Owned Properties • Lender Foreclosed Repossessed Homes in Naperville Illinois.
→ Aurora Foreclosures - Search Aurora Real Estate Foreclosures • Find Aurora REO MLS Listings • View Aurora Bank Owned Properties • Lender Foreclosed Repossessed Homes in Aurora and North Aurora Illinois.
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Foreclosure related terms and definitions
Mortgage. A mortgage is a loan to finance the purchase of real estate. It is a legal document that ties a promissory note to repay the loan to the property. You hold the title but the lender has a lien on it as collateral for the loan.
Foreclosure. Foreclosure is a repossession of a real property. It is a legal process to deprive the homeowner of any interest in the property. The lender forces a sale of a mortgaged property because the borrower has not kept the terms of the mortgage.
REO. Real Estate Owned. Refers to bank or corporate owned property acquired through foreclosure. If a property does not sell at the sheriff sale or auction, it goes back to the lender and becomes an REO.
BPO. Broker Price Opinion. Lenders order broker price opinions or property appraisals to establish Fair Market Value (FMV).