All Entries Tagged With: "Foreclosures"
Foreclosure Rates are Falling
Maybe it is because April showers bring May flowers? Or maybe not, but Foreclosure rates have finally started to fall. Rates in the U.S. peaked in January 2010 at 8.07 percent according to the Equifax Personal Finance Blog and now they have dropped to 6.80 percent. The real question at this point is can we [...]
How to Purchase Your Chicagoland Real Estate Through HUD
Did you know there are HUD homes available in many parts of Chicagoland? HUD homes come in many sizes, prices ranges, styles and locations. That’s because “HUD Homes” is another name for “FHA foreclosures.” And there’s a process for purchasing HUD homes that requires learning a new set of rules. Fortunately, it’s not hard to [...]
Some Illinois Foreclosures on Hold Due To Lazy Lenders
Bank of America is freezing foreclosures in 23 states, including Illinois, after thousands of documents may have had paperwork problems. The controversy has been dubbed “robo-signing” and involves lenders who are signing off on eviction and foreclosure documents without even reading them. Some of the documents may have even been forged. The Office of Comptroller [...]
Mortgage Rates Up, Refinancing Down
The 30-year mortgage rate is on the rise after three months of record lows. Freddie Mac said Thursday that the average rate for a 30-year fixed-rate mortgage increased to 4.37 percent this week, up from 4.35 percent last week and 4.32 percent the previous week, the lowest level since the mortgage buyer began tracking it [...]
U.S. Foreclosures Drop 10% in January as Illinois Rises 2%
Good news – foreclosure filings down nationally. The not so good news – Illinois in the top 5 of that list with a 2% increase in January over last year. When the list is of foreclosure filings by state, it’s not where Illinois homeowners particularly (that I know of) enjoy being near the top. The [...]
