All Entries Tagged With: "Chicago homebuyers"
Strategic Default Not an Option with Fannie Mae
If you are a homeowner who chooses to walk away from your Fannie Mae mortgage, don’t expect to get another one for seven years. The government-backed mortgage buyer today unveiled a new policy designed to encourage struggling homeowners who have the means to make mortgage payments to pursue alternatives before settling on foreclosure. According to [...]
Mortgage Company Took Advantage of Struggling Homeowners and Will Pay
If you are one of the cash-strapped homeowners who had your mortgage with Countrywide Financial Corp. from 2005-2008, then I have good news and bad news. I like to get the bad news out of the way. The Federal Trade Commission (FTC) has sued Countrywide, saying it took advantage of homeowners already behind in their [...]
Ever Been to a Home Auction? Here’s Your Chance
Want Chicago real estate? Why not buy it through an auction? A Hudson & Marshall residential auction of approximately 60 Chicago-area, bank-owned homes will take place on Thursday, May 20 at 1 p.m. in the Hilton Chicago in Northbrook. All properties, located in the city and surrounding suburbs, are being sold “as-is,” so it’s important [...]
First-Quarter Home Sales Offer Reason to Celebrate
Suburban and Chicago real estate saw a huge boost in first-quarter sales this year, thanks in large part to the Federal Homebuyers Tax Credit. According to the Illinois Association of Realtors (IAR), the city of Chicago marked the biggest increase, with the sale of existing homes up 41.6 percent in the first quarter of this [...]
Governor’s Property Tax Relief Program Approved
As we reported this week, Illinois Governor Pat Quinn proposed a plan to extend a property tax relief program for Cook County homeowners that was set to expire this year. On Thursday, our lawmakers approved the measure. Quinn had presented the Homeowner’s Property Tax Relief Initiative of 2010 to the Illinois General Assembly this week, [...]
