Tag: Foreclosures
From board-up to fixed-up in West Pullman
Things haven't been pretty in West Pullman. The South Side neighborhood was home to 435 foreclosures in 2009 and another 97 in the first three mo [...]
Another hard year for Austin homes
The Austin community area came in first among in foreclosures in 2009 and continues to be the leader of the pack going into this year.
According to [...]
Quote of the day: "I don't want this job."
From the Tribune:
"I had no clue what I was getting into. I pay the utilities, take care of the lawn, electrician work and extermination. I don't wan [...]
Stabilization program to showcase eight rehabbed properties in Chicago Lawn
Participants in the Chicago Neighborhood Stabilization Program have spent the past year purchasing and rehabbing dozens of bank-owned buildings compri [...]
Board-up bonanza: At $149,900, why not buy the whole three-flat?
This peaked-roof three-flat at 6620 S Ellis Ave in Woodlawn has drywall but needs an HVAC system and finished kitchens and bathrooms. Think it still [...]
Little distress, lots of life on Drake Avenue
The way Alderman Mell's been talking, you'd be forgiven for thinking Albany Park was a wasteland of board-ups and junkies these days. Using this for [...]
The merits of walking away
In January I posted an excerpt from a New York Times Magazine article titled "Walk away from your mortgage!", in which a University of Arizona law [...]
Quote: Speedier short sales on the horizon
From CNNMoney.com:
Elizabeth Weintraub, a Sacramento, Calif.-area real estate agent who handles many short sales, was amazed at how quickly a recent [...]
Shark bites: Finding the perfect REO for a determined first-time buyer
By mid-2009, Max knew his search for distressed properties wasn't going as planned.
"I was working with an agent for a while and wasn't seeing anythi [...]
Quote of the day: Taking advantage of the foreclosure trend
So distressed properties are the market's "new normal" -- what does that mean for people who aren't looking to buy or sell a foreclosed home or short [...]
Quote: Foreclosures are "the new normal"
"It's this thing that people want to search because that's their new baseline: What are the foreclosure prices in Oak Park or Oak Lawn? Five years ago [...]
Shark bites: What's driving 1400 Lake Shore Drive's auction?
The size and pace of price reductions among 1400 Lake Shore Drive's resales haven't made things any easier for RDM Development, which still has about [...]
Crain's: Silver Tower in foreclosure
Well, Crain's saved me a trip to the clerk's office this morning.
According to this article by Alby Gallun (who obviously has my phone tapped), Silve [...]
Shark bites: Lake Shore Drive deals, from Streeterville to Lake View
View CondoShark.com: Deals on Lake Shore Drive in a larger map
This afternoon I plotted out all of the top Lake Shore Drive price reductions, foreclo [...]
Northwest Tower slapped with foreclosure
The owner of the 12-story Northwest Tower (or The Coyote, if you prefer) at North, Damen, and Milwaukee avenues is facing a $4.5 million foreclosure [...]
Quote of the day: short sales will rule
So much for our predictions -- the Calculated Risk blog looked at a new report on foreclosures and declared 2010 "the year of the short sale." [...]
Shark bites: Looking for lofts in all the right places
Due to their neighborhoods' old industrial and warehousing natures, many of the discounted homes, short sales, and foreclosures in River North, the [...]
Should agents pre-qualify short-sale sellers?
That question is asked and answered (to some extent) in a blog post at AgentGenius, which is primarily an agent-to-agent site.
Koenig & Strey agent G [...]
Shark bites: Big discounts at 2000 North Lincoln Park West Private Residences
Four of the top ten homes on CondoShark.com's list of foreclosures and short sales in Lincoln Park are located inside the 16-story, 120-unit 2000 Nort [...]
Quote of the day: Inventory concerns "overdone"
“Although we forecast that as many as 7 million foreclosures are likely to occur over the next several years, we believe the pace at which these homes [...]