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Governor Signs Bill to Help Illinois Homeowners

Illinois Governor Pat Quinn enacted a law on Sunday that will save Cook County residents money on property taxes and guide other Illinois homeowners through the property-tax process.
The new law extends for three years the Cook County Alternative General Homestead exemption, also known as the “7 percent solution,” which reduces the assessed value of a [...]

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Tornado-Affected Homeowners to Get Aid from SBA, Not FEMA

Residents in north central Illinois whose real estate was affected by tornadoes that touched down on June 5 are eligible to apply for a low-interest loan to clean up the mess.
Governor Pat Quinn on Tuesday announced that the state has been granted a U.S. Small Business Administration (SBA) disaster declaration, which will provide homeowners, renters [...]

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Home Prices in Illinois Finally Inching Up

Good news about the Illinois and Chicago real estate market is so nice, isn’t it? Well, here is some more, and it happens to be the news we’ve been waiting for.
Each month this year we’ve reported on an increase in sales, and April was no different. According to the Illinois Association of REALTORS, 10,323 Illinois [...]

Chicago Real Estate Market Improving

The Chicago area real estate market is beginning to stabilize.
According to a report released Monday by the Illinois Association of Realtors, Chicago area home sales rose for the eighth straight month and were up 32 percent in February compared to last year’s February numbers.
In fact, total home sales in February 2010 were up over the [...]

Get New Construction and $10,000 in Minooka

There is a cash incentive to buying new construction from Smykal Homes in Minooka.
The developer has partnered with the village to offer buyers $10,000 after closing on a newly constructed home in this southwest suburb.
To receive the incentive, buyers must close by Dec. 31. Sign a contract by April 30 and a buyer could also [...]