Foreclosure Specialists for
Cook County & Area
Cookreo.com is dedicated to providing information to people who would like to purchase foreclosure property in Cook County Illinois. As a professional Realtor, I have been able to compile a list of internet based resources that will allow the average person to find, evaluate, and purchase foreclosure property. In most cases, these tools were not intended for this use so they do require a little bit of effort. Unfortunately, when there is one penny to be made the Cook County government will find it. In most cases the county sheriff will publish a free list of properties that are scheduled for foreclosure. Cook County is selling the foreclosure list to several publishing companies who then charge you for a copy of the Cook County foreclosure list. Unfortunately this causes you to pay for a copy of the list, the only variable is where. I have used them all, and found that the best way to track foreclosure activity is via: RealtyTrac.com. They have a very efficient setup that will cross the property address over to Zillow.com so you will have an approximate value before you go any further. Realty Trac also offers a 7 day free trial so if you don't like it, no big deal. Most of their other providers are 2 to 3 time more expensive and require a one year subscription.
What you will need to remember is that this info has a tendency to become somewhat outdated. Therefore you will have to verify what you have found on the web. The best place to start is the Cook County Recorder of deeds. Fortunately this site is completely free, go figure. Once you are in the Cook County Recorder site you will want to search by PIN number "parcel identification number" This number if provided by Realty Trac, but they call it the parcel number. Providing you entered the PIN correctly the CCRD web site will display a list of documents that pertain to the specific property. You will want to take a close look at any filing that has a title of LIS PENDENS this document is the beginning of the foreclosure process. It will also be important to review all of the documents after the lis pendens since you may find valuable information in these as well. The most important of which would be the judgment. Not only will you know from the judgment the approximate amount owed on the property you can assume that the judgment was entered approximately 200 days before the sheriff auction will occur. You might also find a deed filing that says "Judicial Sales Corp", this is usually the document transferring ownership to the bank and will specify what bank so you know where to start. In addition to the Cook County Recorder, you can also use the Cook County Assessor web site. In most cases you can find photos and square footage info there.
All of the previously mentioned links are available in the foreclosure department section of my web page as well as some that I haven't mentioned here. If all of this seems like a lot of work that is because it is actually a lot of work. If you would like to do things the easy way give me a call at (630) 310-8315, I can provide you with a list of available property at the push of a button.