| Aug 2, 2009
Tim McCarthy remembers what usually happened in the old days -- just a few years ago -- when a property appraisal would land on a mortgage lender's desk.
"The lenders would get a two-page appraisal, they'd look at the bottom of the second page [at the...
| Jul 31, 2009
| 1:21 PM
May 27, 1944: Born in Willimantic, the fifth of six children, to Sen. Thomas J. and Grace Murphy Dodd.
1966-68: Serves in Peace Corps in the Dominican Republic.
1968: Graduates Providence College.
1969-1975: Serves in the Army Reserve.
| Sep 6, 2009
An arctic evening in Minnesota: Tracy Bridges shivered near her apartment window, weary of snowstorms and slender paychecks. She was 27, making $23,000 dealing blackjack at an Indian casino in Duluth, and couldn't shake thoughts of those dealers who had...
| Sep 11, 2009
This article contains revised material.
The federal government, through the American Recovery and Reinvestment Act of 2009, is offering a leg up on home ownership. But don't be caught lagging behind. A tax credit of up to $8,000 is available for...
| Mar 26, 2009
Before its portfolio of bad loans helped trigger the current housing crisis, mortgage giant Freddie Mac was the focus of a major accounting scandal that led to a management shake-up, huge fines and scalding condemnation of passive directors by a top...
| Nov 22, 2009
That some underwater owners -- whose houses are worth less than what they owe -- are walking away from their homes even though they can still afford to make their mortgage payments has been well reported, if not well documented.
But just how prevalent...
| Sep 13, 2010
| 5:39 PM
A loophole in state and federal laws has made it easy for some attorneys to take advantage of Illinois residents struggling to keep their homes.
Attorneys are among the few professionals who can legally charge upfront fees to help homeowners modify their...
| Sep 24, 2010
Often, the most enticing incentive for a home buyer is a lower priced house. That lesson hasn't been lost on builders in the Chicago area and nationwide. In the wake of the expiration of the Federal Home Buyers Tax Credit on April 30, the most popular...
| May 16, 2010
When Ed Amaya put his Oak Park bungalow up for sale in mid-2007, homes in his neighborhood sold in a matter of days, weeks at the most.
"We had some showings; got close to a deal," recalled Amaya. But as the housing market soured, a sale proved elusive....
| May 20, 2010
| 4:02 PM
The misdeeds on Wall Street that worsened the financial crisis have created a legion of angry homeowners asking, "Where's my bailout?"
Some homeowners feel justified in walking away from their mortgages. After all, banks and other financial companies...
| Jun 19, 2010
One way to help an ailing housing market regain its health is to clear the books of foreclosures. Buying foreclosed properties can help mitigate this sad chapter and turn to a promising new one by ensuring a neighborhood maintains its value and property...