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HomeForumsForeclosuresIL / Chicago Short Sales and Tenant First Right of Refusal
Tracey Steele's profile image
Tracey Steele's profile image
Tracey Steele
  • Real Estate Investor
  • from Illinois
  • Member since Jan 9, 2016
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Tracey Steele's profile image
Tracey Steele's profile image
Tracey Steele
  • Real Estate Investor
  • from Illinois
  • Member since Jan 9, 2016
Connect
Tracey Steele
  • Real Estate Investor
  • Illinois
3
Votes |
39
Posts
Foreclosures

IL / Chicago Short Sales and Tenant First Right of Refusal

Tracey Steele
  • Real Estate Investor
  • Illinois
Posted Feb 22 2016, 13:54

Hi BP Community!


What are the rules around short sales and tenant's first right of refusal? The property is in IL / Chicago. Does the bank always have to accept the tenant's offer? If not, what are the stipulations around competing offers? 

Thanks!

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