Monday, November 24, 2008

Free Illinois Foreclosure Seminar - Wednesday, December 10th


2008 is fast coming to a close and Illinois and the Chicago Area have had another record year of foreclosures.

ilFLS.com, the Illinois Foreclosures Listing Service, is closing out 2008 with the last in our popular series of free foreclosure seminars, Kickstart your Foreclosure Investing. Over the past year we have hosted literally hundreds of mortgage, real estate, and legal professionals who have come to learn more about foreclosure investing from our local team of Chicagoland foreclosure investors.

Topics will include:


We look forward to seeing everyone on December 10th!

Kickstart your Foreclosure Investing
Wednesday, December 10, 2008, 7-9pm
Panera Bread, Wheaton, IL
FREE

Monday, November 3, 2008

The Rise of Commercial Foreclosures in Illinois


In the month of October there were over 6000 new foreclosures in Chicagoland Illinois, according to the Illinois Foreclosures Listing Service, ilFLS.com. Not surprising were the number of single family homes and condominiums in foreclosure, as they represent the most active and largest segment of the real estate market. However, every month an increasing number of commercial foreclosures are showing up on the ilFLS.com website.

Commercial properties in foreclosure range from multi-unit apartment buildings in Chicago to whole subdivisions in foreclosure in the collar counties.

Examples of October Commercial Foreclosures:

Commercial Building in Financial District of Downtown Chicago
401 S. Lasalle
Chicago, IL 60605
$6.3 million Due
Preforeclosure

Vacant Land / Development in Kane County
80 Acres on Randall Rand
Algonquin, IL 60102
$8.5 million Due
Preforeclosure

Restaurant Buildings in West Town Chicago
820 N. Ashland
Chicago, IL 60622
$3.9 million Due
Preforeclosure


To search through the newest Illinois commercial foreclosures, auctions and REOs visit ilFLS.com.