Tag: Foreclosures
Chicago metro-area foreclosure rate rises in June
Foreclosure rates in Chicago-Joliet-Naperville have increased for the month of June over the same period last year, according to CoreLogic.
Accordi [...]
Ten years later, buyers under water at Uptown’s Polo Tower
We first mentioned Polo Tower, a 189-unit high-rise condo conversion at 4180 N Marine Dr in Uptown, in October of 2001, in the print edition of ou [...]
West Englewood 2-flat goes from $220K to $2K
The listing for 6049 S Ada St, in Chicago's West Englewood neighborhood, says the 2-flat has a newer roof, newer siding, a nice 2-car garage and [...]
Another chapter in the Eastgate Village debacle
Eastgate Village, like a number of developments affiliated with the politically-connected New West Realty, has seen its share of troubles. When we [...]
An Oak Park HomePath one-bedroom for $35K
Unit 7 at 1209 N Harlem Ave in Oak Park came on the market 4 days ago, priced at – wait for it - $35,044. It's been freshly painted and carpeted, [...]
The views from Edgewater’s Catalpa Gardens rooftop
When Joe Askins homed in on Edgewater's Catalpa Gardens last summer he wondered whether it was "short sale central."
The project has had an une [...]
What’s behind Chicago’s Vacant Buildings Ordinance?
We recently featured the 1st Ward Alderman's blast at lenders who disagree with his position on the recently-passed Vacant Buildings Ordinance, wh [...]
Quote of the day, unhinged alderman edition
Today's e-mail newsletter from 1st Ward Alderman Proco Joe Moreno leads with this scattershot rant:
Reading this article in Chicago Magazine yester [...]
Breaking news from last September – homeowners’ associations financial problems
Today's Sun-Times, via the Associated Press, reports on a Community Associations Institute survey:
Of the nation’s 300,000 homeowners’ associati [...]
Chicago leads the nation in foreclosed home inventory
The Chicago News Cooperative reports:
Although it never shared the notoriety of Miami, Los Angeles and Phoenix during America’s foreclosure cri [...]
HomePath – 43% price drop at The Heritage
Unit 2512, a 2-bedroom, 2-bath at The Heritage at Millennium Park, sold new for $650,000 in July of 2008. After a foreclosure and a series of pric [...]
$450K on Elston – what happened here?
It's difficult enough to fathom how anyone would spend $450,000 for a garden-variety 3-bedroom condo in the 3700 block of Elston Ave. It's beyond [...]
In Glenview, a distressing tale of a non-distressed sale
There's been a fair amount of theorizing lately about the impact of foreclosures on the overall real estate market.
One meme has it that a two-tie [...]
The curious case of the Kenwood condo
Unit 1B at 5052 S Woodlawn Ave in Chicago's Kenwood neighborhood has been on and off the market for just over a year. A month ago the asking price [...]
Site of scrapped River North high-rise listed as a $3.14M short sale
LG Development Group had big ideas for the 15,295 square-foot lot at 111 W Chestnut St in River North. Three years ago, LG started pursuing the approv [...]
A completely rehabbed new listing at the Chatham Club
Four-and-a-half years have passed since I shot the above streetscape of the Chatham Club at 89th and Indiana. The scene was quite a change from my [...]
The fat lady sings for Opera Lofts’ developers
"What are they going to get from me? I have nothing. Even my little dog is sick."
- Contractor Adolfo Castellanos, responding to news that he a [...]
60 Minutes looks at the mortgage mess
An experienced attorney can make the process of proving ownership of a mortgage in a foreclosure a tedious, time-consuming and therefore expensive [...]
Yet another foreclosure scam?
An agent forwarded me an email touting an upcoming event promoted by the “US Foreclosure Institute” which shares an office with the “US Foreclosur [...]
Renaissance Lofts slapped with foreclosure suit
Last month we brought you this video interview with David Derk, who is suing the Kopley Group for not honoring a buyback guarantee at Renaissance [...]