Glen Ellyn Foreclosures

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Though it is one of Chicago’s western suburbs, which are generally known for their affluence, the Village of Glen Ellyn has nonetheless not been immune to the effects of the recent recession. One of the most obvious signs of this has been the rise in number of Glen Ellyn foreclosures over the past few years, as well as the dip in the prices of homes in the area.

Despite the economic downturn and the community’s currently sluggish housing market, however, Glen Ellyn remains one of the Chicago metropolitan area’s most desirable places to live, offering a pleasing mix of suburban comfort, small-town charm and easy access to downtown Chicago. Served by its own Metra station, the village is just around half an hour away from the Loop and this ideal location alone already makes Glen Ellyn foreclosures an exceptional choice for those looking to make a real estate investment.

Short Sales in Glen Ellyn

The fact that Glen Ellyn is such a sought-after place to live also benefits homeowners in distress who are endeavoring not to lose their homes to foreclosure. The high desirability of homes in Glen Ellyn means that distressed homeowners who opt to put their home up for a short sale have a much greater chance of attracting homebuyers.

Whether you’re buying or selling a home, you will find that today’s real estate market has become more challenging than ever. If you are a homeowner considering a short sale or a homebuyer looking for Glen Ellyn foreclosures and Chicago short sales, get in touch with the Orrico Team for in-depth advice and guidance today.

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