Chicago Relocation

Million Dollar Foreclosures?!?

May 11, 2010

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Foreclosed homes are old, un-kept, not-so-nice looking properties… Right?

Nope, no more! CNBC just published an article “High-End Homeowners Falling Into Foreclosure Trap” by Joseph Pisami discussing the newly found high-end in the foreclosure market.
Quoting few experts, including Baird & Warner’s Jim Kinney, VP of Luxury Home Sales, Pisami provided interesting data and some clever observations about increasing luxury foreclosures.

“We’ve seen an increase, in the million-plus range, of the number of foreclosures and short sales in the greater Chicago area.” sayed Kinney in the article.



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