BrokerageIndustry News

Short sale hits home for broker

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Greenwich Court is a short lane of cozy but luxurious homes in the western suburbs of Chicago. You would never know from the well-manicured lawns and brick facades that one of the eight homes on the block was bought as a pre-foreclosure and a second foreclosed last month. For at least one homeowner here, the story of a pre-foreclosure ended happily. David Field, business owner and managing broker for Home Field Realtors in Naperville, went through a lot of headaches to finally own the 2,800-square-foot, four-bedroom home on Greenwich Court, where he now he lives with his wife and three children. "Our children have a good home to grow up in, and with a little bit of work it is a really beautiful house," Field says. Field's saga started early last summer when he decided to move back from Seattle -- where he co-owned a previous real estate brokerage -- to Naperville, where he has family in the area. The Fields rented a house in the suburb, waiting for the perfect op...