Tag: Foreclosures
Silver Tower to sell inventory in bulk
Why search for 82 buyers when you need just one? Bank of America has opted to sell the unsold inventory at Silver Tower, 303 W Ohio St, in bulk, and c [...]
Terror towers: Selling short at 6030 North Sheridan
We last looked at 6030 North Sheridan in June 2006, when Rick Levin & Associates was preparing a developer closeout auction at the 292-unit buildi [...]
Do winter pains equal buyer gains in Uptown?
The forecast for unit #1 at 4913 N Ashland Ave in Uptown was bleak, even before we entered the deep freeze of winter.
The 3,500 square-foot, five-b [...]
Choice cuts: $100K+ off a combo unit at Warehouse Lofts
Our files on Warehouse Lofts, a brick-and-timber loft building in Fulton Market, date back to its days as a rental development managed by Annie Pr [...]
Newly-listed Wildwood REO in the $340s
Here’s some of what I wrote about Wildwood several years back:
It wouldn’t be surprising if more Chicagoans have been to Wildwood, New Jersey t [...]
Ashton condos hit the skids in Arlington Heights
If current resale prices at Ashton Condominiums are any indication, the developer is so far underwater on his remaining units that he’ll need a decomp [...]
Terror towers: What’s wrong with 2000 Lincoln Park West?
2000 Lincoln Park West may benefit from some beautiful views, but the numbers there sure aren't pretty.
Homes that sold for $446 a square foot in 2 [...]
River City three-bedroom now 79% below ’03 price
River City made news last summer after rainwater flooded its condos and garage, but there's been a redder kind of liquid seeping from the building [...]
Feeling the pain: $543K off a five-year-old home in Jefferson Park
The three-story single-family home at 5710 N Latrobe Ave in Jefferson Park's Edgebrook Glen subdivision was built in 2006, listed in August 2007 f [...]
Can an attorney ethically advise strategic default?
If you spend any time on real estate Web sites you’ll encounter commenters who purport to be attorneys and advise other commenters to stop paying thei [...]
Rojas reviews ‘a ridiculous foreclosure deal’ in Lincoln Square
Realtor Eric Rojas and a client recently toured a bank-owned two-bedroom / one-bath condo in Lincoln Square whose price had just dropped to $89,00 [...]
Lenders walk away from Chicago homes
Mortgage lenders sometimes abandon foreclosure suits before completion. Taking title to the home, when all is said and done, may result in the lender’ [...]
One-third of Glenview sales foreclosures
More than 350 homes in affluent north-suburban Glenview are in foreclosure, according to the Village’s Communication’s Director.
And, a local [...]
Chicago Spire — still dead
At this point, stories of the Spire's incremental demise don't interest me, but a couple of people have sent me links to today's story regarding t [...]
Fannie Mae REOs returning to market
Back in September, Fannie Mae responded to "Foreclosure-gate" by halting evictions and closings on all bank-owned properties whose loans were serviced [...]
East Lake Shore Drive foreclosure a “once-in-a-lifetime thing”
Dennis Rodkin has the dirt on the "first modern-day foreclosure" to hit East Lake Shore Drive: a 3,800 square-foot condo in the street's only condo bu [...]
Crain’s: Block 37 on course to foreclosure sale
A Cook County judge issued a foreclosure order against Block 37 earlier today, paving the way for a foreclosure sale sometime in early 2011, Crain [...]
Introducing the DK Home Team
Over time, Frank DeNovi's business has evolved considerably, to the point that he now orchestrates a team of trained office and field employees who [...]
An REO specialist’s mission statement and succession plan
A typical real estate agent lacks a mission statement and a succession plan, making it difficult for lenders to be confident in hiring his services. [...]
Frank DeNovi: Upscale foreclosures are changing the game
Foreclosures, once unheard of in higher-end properties, are now common. That places an entirely new set of demands on REO specialists, not all of wh [...]