"Hoffman Estates is conducting a Chicago Real Estate Auction of up to 150 properties. The properties include both new construction and resale homes and willing be sold through auctions".
That headline is a sure indication that auction as a tool to sell properties is here to stay. According to Holland Home Auctions, nearly 150 properties which are quality built homes in preferred settings. This is very unlike the usual auctions where the houses are usually foreclosed or distress sale houses in undesirable locations.
Tuesday, March 25, 2008
Monday, March 17, 2008
Chicago-area banks see mounting losses on loans
Losses from such loans rose at rates well into double digits in 2007, and even more suspect transactions could be working their way through the books as 2008 gets under way, a Tribune analysis reveals.
Nationally, banks could experience "significantly higher" loan losses and more failures because of housing problems, financial market upheaval and reduced consumer spending, the Federal Deposit Insurance Corp. said in a memo released Friday.
Nationally, banks could experience "significantly higher" loan losses and more failures because of housing problems, financial market upheaval and reduced consumer spending, the Federal Deposit Insurance Corp. said in a memo released Friday.
Monday, March 10, 2008
Springfield housing tops in Midwest
"The key here is that housing is affordable," he said. "We are seeing people from Florida and Arizona who found those areas to be too crowded and expensive, and they are moving back to Springfield."
A sizable house next to Lake Springfield sells for a median price of $345,000, he said, "and that's about the price of a townhouse in Naperville or Schaumburg."
"The healthiest housing markets today generally are moderately priced and are experiencing job growth and often population growth," said Lawrence Yun, chief economist for the Realtors group.
A sizable house next to Lake Springfield sells for a median price of $345,000, he said, "and that's about the price of a townhouse in Naperville or Schaumburg."
"The healthiest housing markets today generally are moderately priced and are experiencing job growth and often population growth," said Lawrence Yun, chief economist for the Realtors group.
Monday, March 3, 2008
A jump in foreclosure-fight resources
No foreclosure news would be the best news. But some recent items do provide a glimmer of assistance for homeowners in distress:
Postcards to the edge: The Chicago Housing Department is mailing post cards listing resources for owners who've had a foreclosure filing that week.
Typically, it's easier to get a lender to ease payment terms before a foreclosure is filed. But because of the number of foreclosures, lenders may be more likely to make a loan adjustment after the fact, notes Dan Lindsey of the Legal Assistance Foundation of Metropolitan Chicago.
Postcards to the edge: The Chicago Housing Department is mailing post cards listing resources for owners who've had a foreclosure filing that week.
Typically, it's easier to get a lender to ease payment terms before a foreclosure is filed. But because of the number of foreclosures, lenders may be more likely to make a loan adjustment after the fact, notes Dan Lindsey of the Legal Assistance Foundation of Metropolitan Chicago.
Subscribe to:
Posts (Atom)
