Major National Lenders Partner With Rick Levin & Associates, Inc. to Sell Foreclosed Homes at Auction

Date : 03/24/2008 @ 8:27AM
Source : PR Newswire
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Major National Lenders Partner With Rick Levin & Associates, Inc. to Sell Foreclosed Homes at Auction

CHICAGO, March 24 /PRNewswire/ -- Rick Levin & Associates, Inc., a Chicago-based real estate auction marketing firm, in conjunction with a licensed Indiana real estate broker, announced it will conduct a multiple-property auction of Illinois and Indiana foreclosed homes. The auction will take place at 2 p.m. on Thursday, April 10 at the Hyatt-Rosemont located at 6350 N. River Road in Rosemont, Illinois.

"Because lenders are in the business of lending money and not owning property, these national lenders have partnered with us to sell these foreclosed properties. The lenders are very motivated to sell these properties now as they want them off of their books as soon as possible," said Rick Levin, president of Rick Levin Associates, Inc. "This is a one-day only opportunity for anyone, including first and second home buyers and bargain-seeking investors, to purchase any of these properties at substantial discounts from their original prices," he continued.

The properties in the auction include Illinois properties in Chicago, Northbrook, Evanston, Country Club Hills, Carol Stream, Oak Park, Prospect Heights, Calumet City, Calumet Park, Bellwood, Plainfield, Olympia Fields, Richton Park, Homewood, Burbank, Bolingbrook, Glendale Heights, Harvey, Dolton, Elgin, Joliet, Lakemoor, Geneva and Peoria.

Some of the individual Illinois properties include homes located at 5833 N. Sheridan Road in Chicago, 1935 Koehling in Northbrook, 256 Iowa Street in Oak Park and 4248 W 185th Place in Country Club Hills. The properties were previously valued as high as $1,100,000, with some starting bids beginning as low as $1,000.

All properties in the April 10th auction are available for viewing from 2:30 to 4:30 p.m. on March 30; 4 to 6 p.m. on April 1; and 11 a.m. to 1 p.m. on April 6. A cashier's check, as earnest money, is required to bid.

For the complete list of auction properties and terms of sales, interested parties should call Rick Levin & Associates, Inc. at 773-252-4500, or visit their Website at http://www.ricklevin.com/.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Rick Levin http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=73111

DATASOURCE: Rick Levin & Associates, Inc.

CONTACT: Rick Levin & Associates, Inc., +1-773-252-4500

Web site: http://www.ricklevin.com/

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