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Updated almost 7 years ago on . Most recent reply

User Stats

15
Posts
8
Votes
Kathleen J.
  • Real Estate Agent
  • Naperville, IL
8
Votes |
15
Posts

Flipping Occupied Foreclosures in Cook County, IL

Kathleen J.
  • Real Estate Agent
  • Naperville, IL
Posted

We are entering the flipping market after several years of buy/hold RE investing.  Cook County, IL has a plethora of occupied foreclosure options, but I am hesitant to buy in Cook, which is notoriously tenant-friendly when it comes to evictions.  

I realize that an occupied foreclosure requires the buyer to evict the current occupants in order to obtain possession, so I am wondering if Cook County is better about evicting tenants when the property is foreclosed/sold than if the original landlord or lien holder is trying to evict the occupants.  Anyone with experience in this, either in IL in general, or more specifically to Cook Co?

  • Kathleen J.
  • Loading replies...