Experts Optimistic on Housing Recovery After Foreclosures Reach Five-year Low

Fall Home

Many people have failed to notice that the real estate market is starting to show surprising signs of strength. The latest piece of good news has come from a report by RealtyTrac, an internet company that specializes in the foreclosure market. According to their most recent numbers, year-over-year … [Read more...]

Chicago Real Estate Holds Strong

Illinois Home Sales

I have some great information on the Local Market Report for the first quarter of 2010 for the Chicago Land Area. The market is not where we would like it to be, but there is a silver lining at the end of the horizon for Chicago Home Owners. Chicago is showing a median homes sales price of … [Read more...]

Foreclosures and Short Sales

Foreclosures and Short Sales are available in your area. If you are looking to buy a home and are prepared to move on a house quickly in order to get a great deal, shop for your Foreclosures and Short Sales here. Working with an experienced real estate agent who is knowledgeable in this area is … [Read more...]

Are You Looking to Buy a Foreclosure in Northern Illinois?

Short sales verses foreclosures

Foreclosed and Short Sale Homes in the Northern Suburbs of Illinois are on the rise, but waiting for new properties isn’t as easy as it seems. As soon as good properties come on the market, they can be gone just as fast. As they say the early bird gets the worm. The Foreclosure Market in … [Read more...]

Alternatives for Glenview, Morton Grove and Northbrook.

HAFA

What is HAFA? It is Home Affordable Foreclosure Alternatives.  Qualified borrowers will be given pre-approved short sale terms before the property is listed and once an offer is made, mortgage servicers will have 10 days to approve or reject the sale. Read more... Glenview, Morton Grove and … [Read more...]

Treasury Releases Guidance for Making Home Affordable.

New Short Sale Guidance

To make it more attractive for the services to accept a sale on defaulted properties for less than the outstanding mortgage balance, the US  Treasury is offering incentive payments of $1,000 per completed short sale. Services will also receive $1,000 for each deed-in-lieu of foreclosure.  Read … [Read more...]

Use a short sale to escape foreclosure

foreclosure picture

If you owe more than your house is worth and can't afford your payments, you might be able   to sell  it for less than you owe -- without having to pay the lender the difference. Click Here for More Information … [Read more...]

How long do bankruptcies and foreclosures stay on a credit report?

Bankruptcies and foreclosures can remain on a credit report for seven to 10 years. Some lenders will consider a borrower earlier if they have reestablished good credit. The circumstances surrounding the bankruptcy can also influence a lender's decision. For example, if you went through a … [Read more...]

Today’s Real Estate News

forclosure-home-for-sale

Today's Real Estate News 4/21/2009 Failed flip flirts with foreclosure Today's Real Estate News Provided by Inman News Monday, April 20, 2009 Desperation drives investor to risk credit, deficiency judgment Benny Kass Inman News DEAR BENNY: I am retired. About 18 months ago (before the … [Read more...]

Buy a Short Sale or Foreclosure

Buying a Short Sale or Foreclosure: Click Here Short Sale A short sale occurs when a property is sold and the lender agrees to accept a discounted payoff, meaning the lender will release the lien that is secured to the property upon receipt of less money than is actually owed. Are … [Read more...]