Tag: Finance
Chicago real estate weekly, week ending June 28, 2013
This is the first edition of our weekly recap of Chicago real estate news. Check back each Saturday for a look back at the previous week – and off [...]
It’s easier to get a loan on a large office building than a home
Before Matt Garrison left the residential real estate business to wholesale electric power and invest in commercial properties, he was one of our [...]
The four types of VA loans
Daniel Chookaszian, a Vice President of Perl Mortgage, specializes in working with veterans on VA loan financing.
I recently connected [...]
Phrase of the day – reverse staging
The Mortgage Fraud Blog is a great way to glimpse the endless creativity of our real estate criminal class.
One of yesterday's posts focused on [...]
Down payment grants available for Chicago, select suburbs
CityLIFT is a program sponsored by Wells Fargo Bank that provides up to $15,000 in down payment grant funds to qualified home buyers for the purch [...]
Quote of the day – mortgage cops will lock you up
Thinking about strategically defaulting on your mortgage and seeing how long you can live in your home without paying?
Think about what Heath Wolf [...]
Is that condo really FHA-approved?
The Federal Housing Administration (FHA) insured only 1 in every 50 new mortgage loans in Chicago in 2006. In 2009 the FHA insured one in every 5 [...]
Mortgage fraudsters – 200 down, 20,000 to go
Late last week the US Attorney for the Northern District of Illinois announced the indictment of seven individuals on mortgage fraud charges. Acco [...]
Fannie Mae and FHA ban loans in Englewood, West Englewood
In a surprise move, Fannie Mae and the Federal Housing Administration, the largest sources of mortgage liquidity in the US housing market, announc [...]
Why condo prices can fall harder than house prices
Earlier this week, I wrote about three neighborhoods -- Rogers Park, Humboldt Park, and Irving Park -- whose condominium markets have been pummele [...]
Inflated claims about Illinois mortgage rescue scam enforcement
A hat tip to the Mortgage Fraud Blog for alerting us to a news release last month from Attorney General Lisa Madigan:
Attorney General Lisa Madigan [...]
Legacy at Millennium Park refinanced
This morning's email included a news release announcing the refinancing of Legacy at Millennium Park, 60 E Monroe St. An excerpt:
Mesa Developm [...]
On Veterans Day, a primer on VA loans
VA-guaranteed loans may be the most misunderstood type of mortgage loan in the market today.
Some time ago I met with Daniel Chookaszian, who [...]
Quote of the day – get crooked or get out
From this morning's e-mail:
I … did flips and short sales on the south side until early 2007. By then, the vast majority of flips had at least one [...]
Mortgage fraud and cash back at closing deals
Mortgage fraud and appraisal fraud were, I've always suspected, rampant in Chicago's South Side and West Side neighborhoods during the past decade. A [...]
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 [...]
A peek behind the mortgage modification curtain
The Columbia Journalism Review is not a typical starting point for a behind-the-scenes look at how banks are handling the mortgage modification proces [...]
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