Short sale hits home for broker

Market distress reaches luxury enclave near Chicago

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.