O'Hara Properties, LLC

About O'Hara Properties, LLC

We are a group of investors who purchase distressed residential and commercial properties.
We also purchase large multifamily properties in emerging markets in southeastern and southwestern states, such as Texas and Tennessee.
O'Hara Properties
Company Overview
O'Hara Properties works to preserve the dream of home ownership for those who are experiencing the financial and emotional duress associated with an unwanted or financially unstable property. O'Hara Properties' primary goal is to help home owners out of foreclosure through negotiating a purchase price directly with the mortgage holders and buying residential property.
“Many people are not sure where to turn once the bank has started the foreclosure process,” says Dave Schneider, founder of O'Hara Properties. “Invariably, they will seek out the help of a bankruptcy attorney, or throw the towel in altogether. The problem is that in many instances people are making poor decisions based on misinformation with ramifications that could potentially last for years. Oftentimes, individuals facing the process of foreclosure or bankruptcy are confused, scared and not well informed as to their options. Mostly this happens because this is a period in time when people facing such a loss are under great duress, fear, and a loss of confidence.”
O'Hara Properties was created to address this gap of knowledge in the larger public by providing the knowledge and resources to mitigate the damage a foreclosure will have on one's financial health, and to assist in helping those people facing the loss of their home get a new start. “Most importantly, we provide this service at no cost to the homeowner.” Schneider adds, “The workings of the bank, the paperwork involved, the complexity of the whole process can result in a feeling of complete submission and an inability to address the problem and the potential solutions. They fall into the misinformation trap. This happens because usually the homeowner has been given only one or two options when there may exist several that would help the homeowner to find a solution that could work in building a better future.”
As foreclosures continue to climb, most major lenders struggle to find effective and efficient solutions to processing so many defaulted properties. O'Hara has earned a reputation by assisting these lenders in solving many of their pre-foreclosure related problems and closing on the short sale offers made to the bank. Moreover, O'Hara has developed relationships with them and is familiar with how they conduct business. Priding itself on understanding changing bank policies O'Hara attends conferences almost monthly and consults with other short sale investors across the country.
O'Hara Properties is a well-regarded company based in Elmhurst, Illinois and has grown to be one of the best known pre-foreclosure and short sale experts in the Chicago-land area. It acts as a liaison between foreclosing lenders, realtors and interested buyers, quick-turning properties from homeowners to end buyers. O'Hara has been a complaint-free with the Better Business Bureau since 2004. Often real estate agents, mortgage brokers and attorneys will call with problem properties for which a solution is seemingly unattainable. Roughly 50 percent of all the work O'Hara pursues is generated by other professionals in real estate that just do not know what to do with these problem properties.