Chicago homeowners facing condo association distress can now find relief through one of Chicago's leading house-for-cash realty firms.
-- Braddock Investment Group has announced it is now extending its cash buying service for Chicago homeowners facing condo association distress. The service announcement is part of a recent rollout of offerings aimed at addressing specialized housing issues that traditional real estate professionals may be unable to handle.
For more information about selling condos during HOA litigation or special assessments, visit https://www.braddockinvestmentgroup.com/blog/how-to-sell-your-chicago-condo-for-cash-during-hoa-litigation-or-special-assessments/
The service addresses challenges prompted by the Surfside condo collapse in Florida, which led to stricter regulations and financing restrictions for condominiums nationwide. These changes have limited traditional selling options for distressed condo owners, particularly those in buildings constructed in the 1960s through 1980s, which represent a significant portion of Chicago's condominium inventory.
“Condo association distress manifests in various forms, including special assessments for major repairs, ongoing litigation affecting the entire building, financial instability within the association, and insurance coverage issues,” a spokesperson for Braddock Investment Group explained. “Such problems often trigger a ‘non-warrantable’ status under federal lending guidelines, making conventional financing impossible and limiting sales to cash buyers.”
Braddock Investment Group’s cash buying service provides an exit strategy for owners facing significant special assessments, which can range from several thousand to tens of thousands of dollars per unit for major infrastructure repairs. Rather than paying these assessments and waiting through lengthy construction periods, owners can sell quickly and avoid the financial burden.
As one of the largest cash buyers of condominiums in Chicago and throughout Illinois, Braddock Investment Group purchases properties in their current condition, regardless of necessary repairs or maintenance. The company completes transactions within seven days, providing a quick solution for homeowners in difficult situations.
The company also assists homeowners with inherited vacant condominiums where they remain responsible for ongoing HOA fees despite not occupying the property.
Founded by Chicago native and real estate entrepreneur Zach Shepard, Braddock Investment Group specializes in helping homeowners convert unwanted properties into cash. Known for advancing innovative tailored services, the company's special focus on distressed condo situations is expected to serve property owners throughout the Chicago area affected by association problems and seeking an expedited solution.
For more information about Braddock Investment Group's cash buying services, visit https://www.braddockinvestmentgroup.com/sell-my-condo-fast-in-illinois/
Contact Info:
Name: Zach Shepard
Email: Send Email
Organization: Braddock Investment Group Inc
Address: 1720 W Division St Fl 2, Chicago, IL 60622, United States
Website: https://www.braddockinvestmentgroup.com
Source: PressCable
Release ID: 89169313
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