Judicial Foreclosure Transactions Hammering Chicago Housing Prices

April 14th, 2011

Housing industry analysts have reported that judicial foreclosure sales and short sales in Chicago, Illinois are hurting the region's housing prices. They claimed that if these transactions are not included, the prices of homes in the area will actually show stability. However, some have argued that distressed property sales should be included if the true condition of the residential market is to be gauged.

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Chicago Lawyers on Standby to Assist Foreclosed Tenants – Foreclosure Homes Listings

May 6th, 2010

2009 Chicago multi-apartment foreclosures were high Many tenants and landlords are unaware of the legalities A local lawyers committee would like to lend a hand There are over 20,000 rented apartments in Chicago, Illinois. Although statistics are unavailable regarding average units per building (and average tenants per unit) more than a few Americans have been [...]

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The Obama’s plan to help troubled Americans – Foreclosure Homes Listings

April 8th, 2010

Unemployment and foreclosures up in Chicago Participation in Obama’s program is extremely low Are banks to blame for stonewalling the process Obama’s bold plan to help troubled Americans keep their homes by temporarily reducing their mortgage payments has a second string to bring relief to underwater borrowers. But will this work in practice? This is [...]

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Benefits and procedure for buying Chicago foreclosures – Foreclosure Homes Listings

March 4th, 2010

Home buyers targeting a profitable venture can invest in the Chicago foreclosures. The city provides so much of assistance especially for the first time home buyers and buying a home is very much affordable through the foreclosures. Foreclosures are sold at nearly half the market price. These properties give the buyer the equity immediately and [...]

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Buy the Chicago Foreclosure Homes, make wise investments – Foreclosed Homes Listings

February 17th, 2010

Invest in the Chicago foreclosure homes and reap great benefits. These homes come for prices as low as $120,000. Any investment should provide a high return value and by making an investment through foreclosures, you get instant equity. You can make these properties a good home to live in, rehab them and resell them in [...]

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Belleville Foreclosures: Taking Advantage Of Tax Foreclosures – Foreclosed Homes Listings

July 20th, 2009

When you buy a home, it comes with taxes on the property as well as interest. This should always be in the back of the minds of those who go out to buy houses. If one is unable to pay the taxes and there is a default in the payments, then the government can take [...]

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Pre Foreclosures in Chicago a Viable Option

October 7th, 2008

Foreclosures in Chicago are still increasing in numbers. While this is not a good time for home owners going through tough financial times, for people who are looking to buy a house, this is being looked upon as the right time to do so. Since foreclosure homes sell at discounted prices, they should not be

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Disturbing Trends Of Illinois Foreclosures

June 3rd, 2008

Heightened house foreclosure activity in Illinois has been disturbing the residents of the state. From Chicago to Cook County to Kane County, the number of foreclosed homes has been increasing at a faster rate than expected. So much so that Chicago's foreclosure rate has achieved one of the top five ranks on America's largest metropolitan regions

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Illinois Drops to #13 as National Foreclosures Rate Increases

June 25th, 2007

Not every state experienced the same foreclosure homes trend that swept the nation. Illinois is among the lucky ones, which did not only managed to have any foreclosures rate increase but also enjoyed moving out of the top ten states with highest foreclosures rate. According to the latest foreclosures report released last May, Illinois foreclosures rate is the 13th highest, down 4 places from last April's data, with one filing for every 717 [...]

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Illinois Foreclosures Rate Skyrockets in 2006

April 3rd, 2007

It seems that Illinois was not spared when the effects of predatory lending practices and increasing interest rates swept across the nation. In 2006, Illinois foreclosures rate was 55 percent higher compared to the previous year. The considerable increase was even bigger than the 42 percent increase in foreclosure rates posted

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