Chicago Real Estate News and Questions
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What an incredible fact - what a terrifying statistic!
AN ESTIMATED 16 MILLION OF 75.5 MILLION HOMEOWNERS NOW OWE MORE THAN THEIR HOUSE IS WORTH!
Here are the latest statistics, compiled by Moodys.com. Nationally, 16% of U.S. Homeowners owe more to their mortgage lender than their home is currently worth in
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How ya doing?
Here is our Team Member Jennifer Arcand, and her take on news from our Lincoln Park, Uptown, Logan Square and West Rogers Park Chicago Neighborhoods, and our Western Chicago Suburb of Oak Park IL, for this week:
LINCOLN PARK, UPTOWN, LOGAN SQUARE
If you're most people, you practically
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Hey America, and I mean it because alot of you will be visiting Chicago his weekend and you have some decisions to make here. Why? We've got the Bank of America Marathon (a/k/a Chicago Marathon). You are either going to be cheering (you have your designated areas to cheer), running (some
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What has the Chicago CTA has done better then New York City Metra - they have higher rate fares with less quality service!
Nice headliner coming from the Chicago Suntimes where it was reported today that while apartments, parking spaces and good theater tickets are more expensive in New York, the
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THE CHICAGO IL REAL ESTATE MARKET, AND OTHER THINGS CHICAGO, FROM THE POINT OF VIEW OF A LITTLE WHITE DOG!
City Workers! No matter which city or town you live in, you dogs, the phrase sometimes fails to conjure a great work ethic. Perhaps?
Well, over the years, here in Chicago,
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Question: I have a house i'm selling on the south side of chicago. In Chicago, does the seller need to provide a survey for the home? If so, who needs to order the survey? And when should it be ordered - after we have a signed contract?
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Dear Investors,
Hanover Companies is offering mitigated risk investments in an unstable economy by providing investors with the following incentives:
1. Three decades of experience as developers, investors, and consultants.
2. 90% stated income financing!
3. 30 month master lease program that cash flows and builds equity.
Here is a typical
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Well if you haven't heard about this one yet, the National Debt Clock, which btw is located next to the main IRS building next door, in New York City has run out of digits to record the growing debt figure!
Who put it there to begin with? A Manhattan Real Estate
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Hey Chicago, our Cook County Sheriff, Tom Dart announced that he will not be evicting rent paying tenants who suddenly learned their building is in foreclosure because the landlord neglected to pay the mortgage. Is this good news or bad news?
Well, one side of the coin is saying that because
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Good Morning, everyone!
This is an anxious time of the year for thousands of homeowners here in Chicago, and across Cook County IL - the county in which Chicago is located. Generally, in early October, the second and final installment of Real Estate Property Tax bills are sent to all property
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Here in Cook County IL, the County that contains the City of Chicago, Sheriff Tom Dart is making a stand against foreclosure evictions despite the risk of legal action against him.
In an act of what Dart considers "justice," the Sheriff said today his office will stop serving eviction notices to
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Among the very compelling doom-and-gloom stories out of Wall Street and the U.S. Credit Market comes some good news from the National Association of Realtors!
An index compiled by the NAR shows pending sales up in August - over 7%. That's the biggest jump in pending sales, or those homes whose
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I have a friend by the name of Rory Fanning. Rory is a family man and he works here in Chicago as a Senior Bank Manager for a local bank group. How I met Rory doesn't matter. What does matter to me is this man is walking across America to raise
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Bankers wanting to do business with the city of Chicago would have to severely limit pay packages for top executives whose companies are participating in a federal bailout, under a proposed ordinance introduced in the City Council on Wednesday.
Under the proposal, annual executive compensation, including bonuses, would have to be
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You've got $250 burning in the bottom of your pockets or your purse, what energy efficient improvements would you make toyour home?
I believe in soybean bio-base foam insulation so that eliminates insulation and heat factors as it saves about 40-50% on fuel bills. But if you don't have this energy
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It appears as if a good part of the old Countrywide Home Loans mess, acquired by the venerable Bank of America when they purchased the sub-prime loan giant earlier this year, may be headed to a somewhat happy ending.
During the "Old Days" for Countrywide, here in Chicago and across Illinois,
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The Carnage Continues! Dow down 508 points. S & P, Nasdaq eachshed over 5%today!
Even possibly encouraging signs from Fed Chairman Ben Bernanke couldn't sooth investors fears today. Despite the signaled likelihood of a Fed Funds Rate Cut later this month, and a move to shore up Commercial Paper issued by
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Hey Chicago, I am not too happy about what I just read over the internet, but the figure of $2 Trillion was lost in the last 15 months for retirement accounts. That's coming from Congress' top budget analyst.
I never intended to retire at 65 but was hoping I could continue
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Hey Chicago, here's the schedule for the next group of forums and their locations:
OCTOBER 22ND: Evaluating Short Sales
LOCATION: Bridgeview Bank 4553 N. Lincoln Avenue
TIME: 6:30 P.M.
This forum will be about analyzing the market forcondos, 2-4 unit, single family homes with a serious punch list of
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Change your email preferences here.
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It was such a shock to me when I came across aSpeaking lead that refused to hire me to find him a home because he thought he was obligated to pay me a fee. After explaining him how it really works, he was so at ease and was very excited to
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An REO (Real Estate Owned) is a property that becomes the property of a mortgage company after a foreclosure action is completed.
Mortgage Companies are not in the business of owning real estate. Their core business is to make money from their loans. With today's rise in foreclosures, lenders are ending
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The residential real estate slump has brought us our fair share of bad news. But nothing has been more sobering than has been watching as foreclosure rates across the country, and at home in Illinois, have risen. No one benefits from a foreclosure. And no one in the housing industry wants
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Some of the subjects covered:
Roles of the Lender/Mortgage Broker
Credit
Pre-Approval
Roles of the Real Estate Agent
Searching for Properties
Contracts
Negotiation
Closing
Class Location: SuburbsPequod's Pizza, 2207 N Clybourn Ave., Chicago, IL
Thursday, November 20th at 6:30 p.m.
To RSVP, please call or e-mail Ryan Gable at:RyanGable@startingpointrealty.com(847) 348-1154
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Some of the subjects covered:
Roles of the Lender/Mortgage Broker
Credit
Pre-Approval
Roles of the Real Estate Agent
Searching for Properties
Contracts
Negotiation
Closing
Class Location: SuburbsPequod's Pizza, 2207 N Clybourn Ave., Chicago, IL
Thursday, November 6th at 6:30 p.m.
To RSVP, please call or e-mail Ryan Gable at:RyanGable@startingpointrealty.com(847) 348-1154
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