164 Knobb Hill in Gurnee has reduced its price! Call for an appointment to see today!

Elizabeth Splitt | Keller Williams Realty | (847) 987-4941 164 Knobb Hill, Gurnee, IL 3BR/2+1BA Single Family House offered at $180,000 Year Built 1985 Sq Footage 1,622 Bedrooms 3 Bathrooms 2 full, 1 partial Floors Unspecified Parking 2 Car garage Lot Size Unspecified HOA/Maint $0 per month   DESCRIPTION Here is your chance to live in Southridge! Lovely winding streets in neighborhood. While the kitchen has a beautiful bay window and eating area. Plus the family room, with woodburning fireplace, makes for an easy flow. Master bedrooms has a master bathroom plus 1 additional full bathroom upstairs, and a 1/2 bathroom on the main floor. 6 foot crawl space for storage. Close to walking path, extra large yard. Come see and stay!   see additional photos below    PROPERTY FEATURES - Central A/C - Fireplace - Family room - Living room - Dining room - Breakfast nook - Dishwasher - Stove/Oven - Attic - Laundry area - inside - Yard       COMMUNITY FEATURES - Garage parking         OTHER SPECIAL FEATURES - Short Sale in Southridge!       Contact info: Elizabeth Splitt Keller Williams Realty (847) 987-4941 For sale by agent/broker Equal Opportunity Housing Posted: Aug 20, 2010, 6:42pm PDT

Price Improvement! Call for an appointment to see today!

Elizabeth Splitt | Keller Williams Realty | (847) 987-4941 164 Knobb Hill, Gurnee, IL 3BR/2+1BA Single Family House offered at $199,900 Year Built 1985 Sq Footage 1,622 Bedrooms 3 Bathrooms 2 full, 1 partial Floors Unspecified Parking 2 Car garage Lot Size Unspecified HOA/Maint $0 per month   DESCRIPTION Here is your chance to live in Southridge! Lovely winding streets in neighborhood. While the kitchen has a beautiful bay window and eating area. Plus the family room, with woodburning fireplace, makes for an easy flow. Master bedrooms has a master bathroom plus 1 additional full bathroom upstairs, and a 1/2 bathroom on the main floor. 6 foot crawl space for storage. Close to walking path, extra large yard. Come see and stay!   see additional photos below    PROPERTY FEATURES - Central A/C - Fireplace - Family room - Living room - Dining room - Breakfast nook - Dishwasher - Stove/Oven - Attic - Laundry area - inside - Yard       COMMUNITY FEATURES - Garage parking         OTHER SPECIAL FEATURES - Short Sale in Southridge!       Contact info: Elizabeth Splitt Keller Williams Realty (847) 987-4941 For sale by agent/broker Equal Opportunity Housing Posted: Jul 22, 2010, 7:12am PDT

Price Improvement!! 164 Knobb Hill has just been reduced! Call for an appointment today!

Elizabeth Splitt | Keller Williams Realty | (847) 987-4941 164 Knobb Hill, Gurnee, IL 3BR/2+1BA Single Family House offered at $210,000 Year Built 1985 Sq Footage 1,622 Bedrooms 3 Bathrooms 2 full, 1 partial Floors Unspecified Parking 2 Car garage Lot Size Unspecified HOA/Maint $0 per month   DESCRIPTION Here is your chance to live in Southridge! Lovely winding streets in neighborhood. While the kitchen has a beautiful bay window and eating area. Plus the family room, with woodburning fireplace, makes for an easy flow. Master bedrooms has a master bathroom plus 1 additional full bathroom upstairs, and a 1/2 bathroom on the main floor. 6 foot crawl space for storage. Close to walking path, extra large yard. Come see and stay!   see additional photos below    PROPERTY FEATURES - Central A/C - Fireplace - Family room - Living room - Dining room - Breakfast nook - Dishwasher - Stove/Oven - Attic - Laundry area - inside - Yard       COMMUNITY FEATURES - Garage parking         OTHER SPECIAL FEATURES - Short Sale in Southridge!       Contact info: Elizabeth Splitt Keller Williams Realty (847) 987-4941 For sale by agent/broker Equal Opportunity Housing Posted: Jun 27, 2010, 8:53pm PDT

Just listed!! Priced at $219,900 Make an appointment and see today!

Elizabeth Splitt | Keller Williams Realty | (847) 987-4941 164 Knobb Hill, Gurnee, IL 3BR/2+1BA Single Family House offered at $219,900 Year Built 1985 Sq Footage 1,622 Bedrooms 3 Bathrooms 2 full, 1 partial Floors Unspecified Parking 2 Car garage Lot Size Unspecified HOA/Maint $0 per month   DESCRIPTION Here is your chance to live in Southridge! Lovely winding streets in neighborhood. While the kitchen has a beautiful bay window and eating area. Plus the family room, with woodburning fireplace, makes for an easy flow. Master bedrooms has a master bathroom plus 1 additional full bathroom upstairs, and a 1/2 bathroom on the main floor. 6 foot crawl space for storage. Close to walking path, extra large yard. Come see and stay!   see additional photos below    PROPERTY FEATURES - Central A/C - Fireplace - Family room - Living room - Dining room - Breakfast nook - Dishwasher - Stove/Oven - Attic - Laundry area - inside - Yard       COMMUNITY FEATURES - Garage parking         OTHER SPECIAL FEATURES - Short Sale in Southridge!       Contact info: Elizabeth Splitt Keller Williams Realty (847) 987-4941 For sale by agent/broker Equal Opportunity Housing Posted: Jun 16, 2010, 6:46pm PDT

Are you a seller in trouble? Are you behind in mortgage payments? Here are some of the answers you have been looking for.

A short sale is when the home's current value is less than the mortgage and the closing costs that a seller will incur when selling a house. The seller does not have the funds available to make up the difference. A short sale is different from a foreclosure where the bank takes the necessary steps to take the property from the owner through legal action.

Consider contacting your lender to arrange a loan modification. Your lender may have programs available to help you. You may be able to lower your interest rate for a period of time or the length of your loan. Another option may be to refinance the loan.

If you are not able to do a loan modification or this is not enough to help and you need to sell your home, look for help with an experience Realtor. When you interview agents make sure to ask if they have experience with short sales. Have they taken any classes to learn about the process to help you get through it? There are currently a few designations available to Realtors to learn about what the process is and how to best help a client. You will also need the help of an attorney that has handled short sales before.

You will need to show some sign of distress to the bank. Distress could be loss of a job, divorce, or in some way your income is not great enough to make the payments on the loan.  Gather your information before an offer comes in. You will need to have a distress letter written to the bank explaining your situation, your past two years of your federal taxes that have been filed, along with proof of your assests and income. These will be delivered to the bank once your have an accepted contract with a buyer.

Buyers will need to be prepared to wait for the bank approval. This typically can take anywhere from 2 months to 9 months depending on the lender. Your realtor and attorney will help you along the way. The bank will review the papers and order an appraisal to verify the price of the home compared to the purchase agreement.

The lender has approved the contract and typically will responsd with a time frame to close within. This is usually within 30 days. While going through this process you usually can stay in the home. Make sure your attorney reviews the banks response so you know how the short sale will effect you. They do effect your credit, although less than a foreclosure will. You may also have to pay taxes on the mortgage forgiveness.  Having experience people help is key.

If you have more questions, we can help. We have experience with short sales, foreclosures, and are also CDPE (Certified Distresses Property Expert) certified.

Visit us at Team Splitt and give us a call to learn more.

Address	Bdrms	Baths	Style	Bsmt	Asking Price
268 Southridge Dr	4	2.1	N/A	Full	399,000
6159 Indian Trail	4	2.1	Somerset	Partial	349,900
124 Knobb Hill	4	2.1	Glen Haven	Full	319,900