New Program Targets Suburban Chicago Foreclosures

Posted by Orb Staff on July 14, 2010 No Comments
Categories : Mortgage Servicing]Mack Companies[/link], based in Tinley Park, Ill., has introduced the Real Estate Cash-flow and Appreciation Program. Under the terms of the program, investors can purchase homes from Mack's inventory of properties located in suburban Chicago. For a small monthly fee, Mack manages the investors' properties and screens prospective tenants. Investors also receive a rental check that will cover mortgage, management, taxes and insurance, plus $200 to $300 per home in positive cash flow, according to the company. SOURCE: Mack Com

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