New Rules for FHA Mortgage Loans

The FHA has made some changes that could affect Chicago home buyers. The Federal Housing Administration, known as the FHA, provides mortgage insurance on loans made by FHA-approved lenders. It is the largest insurer of mortgages in the world. Starting October 4: *Borrowers with a credit score below 500 will no longer be eligible for [Read More]

October 06, 2010 | Author: Tracey | Comments: (0) | Categories: Mortgages

Chicago Real Estate Businesses on Exclusive List

Three Chicago real estate firms made the prestigious Inc. 5000 list of fastest-growing private companies in America. The Inc. Magazine list measured revenue growth from 2006 to 2009 for U.S.-based, privately held, for-profit and independent businesses. Only 38 U.S. real estate companies made the list, a sharp decline from the 121 that made the first [Read More]

October 05, 2010 | Author: Tracey | Comments: (0) | Categories: Chicago Real Estate News

Recognize a Chicago Agent, Enter to Win $100

Got an opinion about an outstanding professional in Chicago real estate? Voice it, and you could win $100. Voting has begun for the fifth annual Agents’ Choice Awards, which recognizes the best in the industry and is hosted by Chicago Agent magazine. The polls will close on October 22, and the winners will be featured [Read More]

October 05, 2010 | Author: Tracey | Comments: (0) | Categories: Chicago Real Estate News, Events, In the Burbs, In the City

Pending Home Sales Rise Two Months in a Row

The amount of home buyers who signed contracts in August to purchase homes increased for the second straight month, signaling a rebound in the housing industry. The good news comes from the National Association of Realtors (NAR) via the Pending Home Sales Index, which can measure future sales activity because there is usually one to [Read More]

October 04, 2010 | Author: Tracey | Comments: (1) | Categories: Economy

Some Illinois Foreclosures on Hold Due To Lazy Lenders

Bank of America is freezing foreclosures in 23 states, including Illinois, after thousands of documents may have had paperwork problems. The controversy has been dubbed “robo-signing” and involves lenders who are signing off on eviction and foreclosure documents without even reading them. Some of the documents may have even been forged. The Office of Comptroller [Read More]

October 04, 2010 | Author: Tracey | Comments: (3) | Categories: Economy, Mortgages

Reboot Your Chicago Real Estate Career in One Day

If you are a Chicago real estate agent, Agent Reboot is for you. Agent Reboot is a one-day, hands-on, fast-paced program that will teach you the latest in social media, business development, technology and marketing skills. Set for this Wednesday from 8 a.m. to 3 p.m. at McCormick Place in Chicago, Agent Reboot is a [Read More]

October 04, 2010 | Author: Tracey | Comments: (1) | Categories: Chicago Real Estate News, Events, In the City, Internet Marketing, Marketing, Social Media
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