Grand Bend at Green Bay in foreclosure

In what is believed to be the first foreclosure case of a completed Evanston condo project, Northbrook Bank & Trust “is seeking to foreclose on the 38 unsold units in the Grand Bend at Green Bay,” according to a news report in today’s ChicagoRealEstateDaily.com. The Grand Bend has sold only 11 units of the finished six-story [...]

Foreclosures at low prices

In 2008, there have been  foreclosures in Evanston that have sold for half of what the previous owner had paid. Some experienced big losses after buying a home “as is”, fixing it up and then selling it for less than original cost.       2209 Emerson sold for $145,000 on Dec. 31. The owner had bought it [...]

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