Archive for Foreclosures

New FHA Program Puts Ex-Home Owners Back on Market Sooner

There’s exciting news for Chicago homeowners who lost their homes during the economic recession and have been building their finances back up again. The FHA’s new Back to Work Program is allowing buyers who would normally have had to wait 36 months or longer to secure a government loan to qualify for financial assistance in [Read More]

April 13, 2014 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News, Economy, Education, Featured, Homebuying Tips, Mortgages

Treasury Department Helps Illinois Scrape Away Blighted Homes

The cavalry has been called in against vacant and blighted homes that have been left to rot following the foreclosure crisis. The Treasury Department has released $30 million of federal hardest-hit funds to demolish vacant, blighted properties. Municipalities will have to partner with non-profit groups in order to apply for the Blight Reduction Program funds, [Read More]

April 04, 2014 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News, Featured

Illinois Mortgage Delinquencies Fall 27% in 2013

Five percent of Fannie Mae and Freddie Mac-backed single-family mortgages in Illinois, or 68,000 loans, were delinquent at the end of 2013,  a sizable decline from last year but still higher than the national average. One-third of those past-due home loans were at least one year delinquent, according to a year-end report released Wednesday by [Read More]

April 03, 2014 | Author: Chicago Tribune | Comments: Comments Off | Categories: Chicago Real Estate News, City of Chicago, Economy

Get a Good Deal on a Government Foreclosure

Looking for a foreclosure to buy to get the best bargain? Private foreclosure inventories across the U.S. have fallen, but government foreclosure inventories are still plentiful and are a great opportunity for securing your next home at a bargain, according to a recent Equifax Finance blog article titled “ Looking for a Foreclosure to Buy? [Read More]

September 23, 2013 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News, Education, Homebuying Tips

Take Root Program Helps to Educate About Foreclosure Prevention

The housing market is improving in Illinois, but there are still a lot of financially stressed homeowners, and agencies are trying to get the word out that help is available. Within Illinois, 82,000 homeowners with mortgages backed by Fannie Mae and Freddie Mac were delinquent on their payments at the end of March, according to [Read More]

July 17, 2013 | Author: Chicago Tribune | Comments: Comments Off | Categories: Chicago Real Estate News, City of Chicago, Economy, Economy AOI, Mortgages

Foreclosure Markets Show Considerable Progress in April

1.1 million – that’s the number of homes in the U.S. that were in some stage of foreclosure in April 2013, according to the latest National Foreclosure Report from research firm CoreLogic.

June 11, 2013 | Author: admin | Comments: Comments Off | Categories: Economy, Economy AOI
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