| 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...
| Jun 26, 2010
On an afternoon in late May, Chicago real estate agent Gary Lucido, president of Lucid Realty, glanced at the chicagohousingstats.com website. Among the stats grabbing his attention was one showing Chicago-area home prices had fallen 27.3 percent from...
| Jun 23, 2010
| 9:13 AM
A short sale is anything but an easy real estate transaction for sellers. It requires more work, often involves negotiators, and is characterized by the seller asking the lender to make a concession to allow the sale to proceed.
But there is good...
| Jun 27, 2010
Cash-strapped, jobless and denied a loan modification, Del Phillips faced the same straits as millions of homeowners who risk losing their homes to mortgage lenders.
Some have struggled unsuccessfully to keep their homes, and others have just walked...
| Feb 26, 2010
Spring 2010 is shaping up to be an excellent time to buy a newly constructed home. But you have to move fast. All indicators point to an opportune environment that the smart buyer can't - and won't - ignore.
"Today is a great time to buy a newly...
| Nov 8, 2009
Attention owners who are in danger of losing your homes: Your fate is in your own hands.
Sadly, there may be no way out for the worst off of you. If you have lost your job and have no prospects for another one, for example, there may be no getting around...
| Mar 4, 2011
| 3:09 PM
A Country Club Hills man was sentenced today to 20 years in federal prison and was ordered to pay more than $56 million today in a mortgage fraud scheme in what is being called among the largest federal prosecutions in Chicago, officials said.
| Jan 25, 2011
| 6:31 PM
Text of President Barack Obama's State of the Union address, as provided by the White House:
Mr. Speaker, Mr. Vice President, members of Congress, distinguished guests and fellow Americans:
Last month, I went to Andrews Air Force Base and welcomed...