Real Estate in Barrington & The Northwest Suburbs: Illinois: Round Lake

Round Lake IL Short Sale Approved in 30 days with Bank of America

Short sales in this area can sometime be very contentious. It can take months to get offers and we rarely get multiple offers on a property. Sellers can get disheartened - frustrated - sad - so when a buyer comes in with a decent offer close to market value hope is back on the horizon.

For my short sale listings I tie the buyer to the contract for 90 to 120 days to give the seller, the bank and the short sale attorney time to submit the papers and get a decision from the bank and the final go ahead from the seller. Sellers may be asked to bring a cash payment to close or sign a promissory note for an amount the bank wants. There is often a mountain of continuous paperwork going back and forth.

So imagine my surprise when yesterday one of my Bank of America short sales under contract since July 16th 2010 was approved. Collecting all required paperwork from the seller took a couple of days and the short sale packet was submitted about July 21st. No sooner than one day later I attended the Broker Price Opinion thinking - seriously!

Two weeks later we get a verbal preliminary agreement subject to either a cash injection by the seller or a promissory note. A few days later the approval is in my hand.



So another Round Lake IL short sale is approved and we progress towards a closing in 30 days time. I am under no illusions this is going to be normal for this bank or any other back but every now and then it is really nice to have some good and unexpected news.

If you are in financial distress with your Round Lake IL home - consider a short sale instead of foreclosure and make a positive step towards moving on with your life.

Copyright 2010 Corinne Guest All Rights Reserved - * Round Lake IL Short Sale Approved in 30 days with Bank of America *

Short Sale-1537 W Turtle Creek Drive-Round Lake-IL-60073

End Unit in Heron Bay

Overview Maps Photos Description Neighborhood

$129,000 Townhouse For Sale Main Features 2 Bedrooms 2 Bathrooms 1 Partial Bathroom 1 Unit Interior: 1606 sqft Location 1537 W Turtle Creek Lane Round Lake, IL 60073

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Corinne Guest Royal Advocate Realty (847) 363-3686 info@corinneguest.com http://realestateinbarrington.com Listed by: Royal Advocate Realty

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Heron Bay Round Lake Townhomes IL - Pasquinelli Town Houses

Located off Route 134 is the Heron Bay Homes subdivision of Townhomes in Round Lake Illinois. This is a complex of 2 and 3 bedroom homes which in the last couple of years the builder really struggled to sell his final units. The entire subdivision is on W Turtle Creek Drive which is found off Fox Trail.

If you are a first time buyer you still have time to qualify for the $8000 tax credit. There is a huge choie of homes for sale in the Round Lake area including ondos, town houses and single family homes.

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 Corinne 847-363-3686.

This is an end unit in Heron Bay. The layout is like a ranch with main living areas all at the top and a family room with the garage on the lower level. Owners have the driveway at the front of their property.

Below is a 2 bedroom end unit that has a loft. End units typically clost a little more but it is well worth the additional light that comes into the home.

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Heron Bay Round Lake Townhomes IL

Nearby there are also the subdivisions of Coventry Glen which has condos and Fairfield Lakes another subdivision of Townhomes. The Round Lake area has a very high quantity of bank owned homes and short sales but many of the short sale properties are selling here, especially the newer homes, which is good news for any sellers in distress.

View 1537 W Turtle Creek Lane-Round Lake-IL-60073 a newly listed short sale in the subdivision.

Copyright 2010 Corinne Guest, All Rights Reserved.- Heron Bay Round Lake Townhomes IL - Pasquinelli Town Houses