| Jun 28, 2013
A low supply of homes for sale is pushing up home prices at the same time that mortgage rates are moving higher. Yes, homebuyers, how much house you can buy is on the decline.
But don't fret too much. Home affordability is still really, really good,...
| Jun 20, 2013
The city of Chicago's frustration in dealing with the vacant, foreclosed homes that are causing blight in its neighborhoods was on full display in federal court Wednesday as city attorneys argued that Fannie Mae and Freddie Mac should have to follow its...
| Jun 16, 2013
When its sales office opened in 2006, Enclave at Galewood Crossings was touted as an upscale, gated community of almost 200 single-family and multifamily homes built on the largest undeveloped piece of land left within the city limits.
| May 19, 2013
| 7:00 AM
How do the wealthy stay wealthy? The mandatory financial disclosure released last week by commerce secretary nominee Penny Pritzker provides a rare look at an American billionaire's entire investment portfolio. Pritzker inherited much of her wealth,...
| Dec 21, 2012
| 2:30 AM
Q: In one of your recent columns, you referred to the term deficiency judgment when discussing a short sale. What if you closed on a short sale, but the lender reserved the right to file a deficiency judgment against you for the difference between the...
| Jan 8, 2013
Six years after the housing bubble burst, federal regulators are trying to restore confidence in the nation's mortgage industry while continuing to remedy past ills.
On Monday, the Office of the Comptroller of the Currency announced an $8.5 billion...
| Apr 15, 2013
| 2:14 PM
If you can't get in — or can't afford — a top business school, is an MBA from a lesser-known school worth it?
The answer depends largely on the student.
Those gunning for the top of the organizational chart, and without the networking...
| Mar 22, 2013
| 2:30 AM
Q: My wife and I have been married more than 30 years, but we don't have any kids. In our adult lifetimes, we have owned 11 homes in the United States and United Kingdom.
Here are some of the lessons we've learned about building a strong financial...
| Mar 23, 2013
| 2:30 AM
Q: I just formed an S corporation and I would like to raise some capital. Can I buy a house with my corporation at a good deal then sell it back to myself with a profit?
A: Your question is an interesting one, but we are puzzled by it.
First, an S...
| Mar 24, 2013
| 2:30 AM
Q: My parents have agreed to deed two acres of their property to me plus an easement for the driveway back to the future home site. The land was surveyed. The county has confirmed that I can build on the land. What is the process to have land deeded to...
| Mar 12, 2013
| 3:30 AM
Co-borrowers may want to rethink whose name goes first on a mortgage application.
Early findings from a study under way at the Woodstock Institute found that in the six-county Chicago area, joint applications for home purchases and refinancings were much...