Tag: Foreclosures
Quote of the day: South Loop = Moline?
From the Tribune:
The reason (the South Loop) is getting crushed is it's only the South Loop in a good market. In a bad market, it's no man's land. I [...]
What is a recapture rate?
Mortgage lenders are in business to loan money, and would like the opportunity to "recapture" the loan on properties they've taken ownership of in f [...]
Quote of the day: Foreclosure Revelations
In the best case scenario, the issues are simply technical, the situation is resolved and the foreclosure process continues. Many believe housing won’ [...]
Two South Loop condo sites up for auction
The land bounded by Michigan and Wabash avenues and 13th and 14th streets had a rough go during the downturn. On the Wabash side were the sites of Gla [...]
The Chicago Spire: 2005-2010?
Maybe there's hope for the Second Sun after all. Anglo Irish Bank has filed a $77 million foreclosure suit against the Chicago Spire, "likely certif [...]
Jon Stewart on a foreclosure-based economy
The Daily Show With Jon StewartMon - Thurs 11p / 10c [...]
Bank of America halts all foreclosures
From the Dow Jones Newswires:
Bank of America Corp. is placing a moratorium on all foreclosure proceedings and sales across the U.S. due to mounting [...]
A new-construction fixer-upper with 5,800 square feet in West Garfield Park
I look at this listing and ask two questions: Why was someone building a 5,600 square-foot single-family home in West Garfield Park in 2008, and wha [...]
WSJ: DeNovi 26th among national Realtors in transaction sides
Congrats to our friend and client Frank DeNovi, who ranked 26th in the Wall Street Journal's 2010 list of the nation's top 400 real estate professiona [...]
An REO specialist’s service area
The typical real estate agent services a fairly narrow, generally geographic niche market. That narrow focus doesn't work for REO specialists, who [...]
Daley to propose new rental, condo ordinances
The City of Chicago has had a little-known and largely unenforced condo conversion ordinance (pdf) on its books for more than 30 years.
Now that the [...]
Frank DeNovi on foreclosures and short sales
One of our company's newest clients is Frank DeNovi, a Coldwell Banker agent who has worked with bank-owned properties for 25 years. We're still edi [...]
Quote of the day: Something still stinks in Back of the Yards
"There's no way any property in this neighbourhood should sell for that kind of money, even if it was in great condition."
- Emilio Carrasquillo of Ne [...]
Quote: Crunching the shadow numbers
"My best guess right now is that REO held by Fannie, Freddie, and FHA, and other government entities, and banks and thrifts is just under 600-thousand [...]
Crain's: Flats on LaSalle in foreclosure
The Flats on LaSalle condo conversion at 1140 N LaSalle St -- a project best known for its tiny, inexpensive studios and one-bedrooms -- faces a $7. [...]
Woodstock: How eight lakeside locations fared in first-half foreclosure filings
A couple weeks ago, the Woodstock Institute released foreclosure numbers for the first six months of 2010 (PDF), broken down by community area. Listed [...]
What happened to that looming North Shore foreclosure wave?
Late last year real estate agents were sounding alarms about a pending tsunami of foreclosures on the North Shore. It doesn't appear to be happening [...]
Austin continues to edge out Belmont Cragin in foreclosure filings
The Woodstock Institute’s Q2 2010 report is available, and Austin retains its slim lead over Belmont Cragin for first place in the number of city fore [...]
From hot to not: Washington Park, three years later
In the summer of 2007, New Homes Magazine announced its picks for Chicago's hottest 'hoods. This morning I started looking up stats on each of these [...]
Distressed property sales down in Illinois, still at high levels
Fewer distressed properties sold during the first quarter of this year than in the 1st or 4th quarters of last year, according to a report from Realty [...]