Archive for Chicago City Council

Think You’re Getting a State Income Tax Refund? Only if You Don’t Owe the City

If you owe money in fines to the city of Chicago, you might as well pay up because it’s going to be taken from you anyway. The Chicago city council this week approved Mayor Rahm Emanuel’s plan to withhold state income tax refunds from residents who owe money for things like building code violations, false [Read More]

February 16, 2012 | Author: Tracey | Comments: (0) | Categories: Chicago Real Estate News, City of Chicago

Banks Must Maintain Vacant Chicago Real Estate

A proposal making banks responsible for the upkeep of vacant Chicago real estate has passed, but with changes. The Chicago City Council on Tuesday approved an ordinance which requires banks that hold mortgages on abandoned properties to maintain those residences within 60 days of a mortgage default. Some of those responsibilities include: *Boarding up windows [Read More]

October 18, 2011 | Author: Tracey | Comments: (0) | Categories: Chicago Real Estate News, Economy, Featured

City Ordinance Would Protect Students from Vacant Properties

Abandoned Chicago real estate is doing more to our streets than lowering property values. In some cases, the unsecured properties are making our neighborhoods unsafe, especially for children. A new ordinance would require owners of foreclosed and vacant Chicago properties located near schools to secure those buildings or face fines. The “Vacant Property Safe Passage” [Read More]

October 04, 2011 | Author: Tracey | Comments: (0) | Categories: Chicago Real Estate News, City of Chicago

Chicago First in Country to Ban Crib Bumper Pads

The day after Chicago Real Estate Forum wrote about Baby Safety Month, Chicago took another step to protect our home’s greatest treasures. Chicago has become the first city in the country to ban the sale of crib bumper pads, which pose as a danger to babies. Crib bumper pads wrap around the inside of cribs. [Read More]

September 09, 2011 | Author: Tracey | Comments: (0) | Categories: City of Chicago

Chicago Renters Should Secure Their Deposits

If you rent in Chicago, you better check your lease for new rights guaranteed you. There has been a recent amendment to the Chicago Residential Landlord and Tenant Ordinance (RLTO) that affects all Chicago renters who signed a lease as of August 28, 2010. The Chicago City Council has recently added Section 5-12-080(a)(3), which states [Read More]

June 15, 2011 | Author: Tracey | Comments: (0) | Categories: Apartments, Education

Site Owners Must Secure Their Holes or be Fined

Evidence of the struggling Chicago real estate market can be seen around the city via open building foundations and excavation sites from stalled construction projects that couldn’t get funding. Now, owners of those sites could face another financial struggle. The Chicago City Council Buildings Committee has approved an ordinance introduced by Mayor Richard M. Daley [Read More]

June 23, 2010 | Author: Tracey | Comments: (0) | Categories: Chicago Real Estate News, Cook County
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