I have noticed recently that the foreclosure market is starting to heat up.
The banks are starting to price their homes properly and they are selling.
In the last week alone, two new foreclosures were taken off the market by bargain hunters in subdivisions I watch closely.
One was in River Bend, Lisle. Ok model price at 229k. Great neighborhood.
The other was in Orchard Valley. West side of Aurora. Cool neighborhood with some units on a higher end golf course.
My client was bidding on the Orchard Valley unit. Overlooking the eigth green. I would have liked this one. The home sold for above asking price of $149k.
Our bid was solid, but not good enough.
These homes were probably both good opportunities in todays market. Both sold quickly.
The banks are not giving them away.
But, for the right buyer, they do present opportunities.
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