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15
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Kathleen J.
Pro Member
  • Real Estate Agent
  • Naperville, IL
8
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15
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Flipping Occupied Foreclosures in Cook County, IL

Kathleen J.
Pro Member
  • Real Estate Agent
  • Naperville, IL
Posted Feb 26 2018, 15:51

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?

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