Wheaton Foreclosures

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The recession has hit communities of all sizes and levels of affluence across the country, affecting even a relatively affluent community like Wheaton, a prosperous, mid-sized city of over 50,000 that’s only a little more than half an hour away from Chicago’s bustling downtown area. Recent years have seen an increase in the number of Wheaton foreclosures and short sales, with Wheaton homeowners finding themselves unable to shoulder the burden of a too-expensive mortgage.

If you are a distressed homeowner in Wheaton who wants to avoid losing their home to foreclosure, know that there are options available to you. If you haven’t yet, try asking for a loan modification from your bank/lender, or if that doesn’t get approved, consider a short sale. Remember, the sooner you find a solution and act on it, the better.

Foreclosures in Wheaton

If you’re a homebuyer, on the other hand, then the more diverse range of available Wheaton foreclosures and Chicago short sales will give you more options to choose from here. Wheaton foreclosures come in all shapes, sizes and architectural styles and can range from condos, townhouses and multifamily units to starter homes and custom-built luxury properties. They generally come with a lower price tag and investing in one of these Wheaton foreclosures could very well prove to be one of the best real estate investment decisions you’ve made.

Before you jump feet first into the market for Wheaton  foreclosures, however,it’s best to get some research done first. Connecting with real estate professionals who are experienced in dealing with distressed properties is also very much advised. Contact the Orrico Team today.

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