Great discussion on WBEZ talking about security deposits in Chicago, and zombie properties.
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Views, windows and outdoor spaces are some of the most in-vogue amenities in luxury homes as listed by Trulia.
With the continued rising costs of rents in many Chicago neighborhood markets and suburban areas many are considering renting their homes in lieu of selling or adding to their real estate investment portfolio.
A Chicago ordinance takes effect Tuesday that will offer additional protections, including funds to offset tenants’ relocation costs, in rental buildings in the city.
The Chicago City Council has passed a controversial ordinance requiring landlords to show how much energy their buildings use. The new law requires the owners of around 3,500 commercial, residential and local government buildings in Chicago to track energy consumption and report the findings to the city, according to a […]
The Consumer Financial Protection Bureau’s recent report on mortgage servicing found problems at banks and nonbanks alike. Specifically, its investigation, conducted from November to June, found significant issues that could cause homeowners to miss payments, threaten their credit histories and plunge them into foreclosure.
Built c. 1914 for one of Chicago’s early philanthropists and Sears Roebuck Executives; majestically situated on a near-acre of professionally landscaped gardens in historic Kenwood
When the housing market declined a few years ago, many builders and investors left the market, either by choice or by consequence. But as with the current recovery, low inventory and pent up demand continues, builders and investors slowly returned.
The official overseeing of the vast pool of mortgages held by Fannie Mae and Freddie Mac has defied the White House and more than 100 members of Congress for the second time by formally rejecting a plan to use bank bailout funds to write down principal balances for underwater homeowners.
Banks could be forced to pay as much as $125,000 per customer to compensate borrowers who were subject to foreclosure-processing errors.
Times are difficult for many. To help, the IRS recently announced an expansion of its “Fresh Start” initiative with more flexible terms to its (OIC) program helping the most distressed taxpayers to clear up their tax problems more quickly
Who does the settlement cover? The settlement covers borrowers who have loans that are serviced by one of the five big banks: Ally Financial Inc./GMAC Mortgage, Bank of America Corp., Citigroup Inc., J.P. Morgan Chase & Co. and Wells Fargo & Co. These banks handle payments on 55% of U.S. […]
the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Office of Thrift Supervision announced enforcement actions against 14 large residential mortgage servicers
The harsh reality of the market today can become a catalyst to drive innovation. Developers, builders and manufacturers alike are looking for ways to not only sustain business, but growth. Though there is much speculation on how to achieve such sustainable business, many have contemplated going the way of cost-effective […]
It’s no surprise that landlords are on the rise. With many owners either unable to sell their home, or deciding to delay the sale, many have become situational landlords. Additionally, the heavy activity of distressed properties became a viable investment tool for many cash-ready purchasers. Cash flow properties, attractive capitalization […]
With many owners either unable to sell their home, or deciding to delay the sale, many have become situational landlords. Additionally, the heavy activity of distressed properties became a viable investment tool for many cash-ready purchasers. Cash flow properties, attractive capitalization rates and returns were at times performing better than other investment vehicles.
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