ARCHIVED BLOG POSTS
2009
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You canput “Lipstick on a Pig” but it will still be a “Pig”. This is what the government is doing with the toxic assets. They have now changed the name from “Toxic Assets” to the term “Legacy Assets What is a Legacy Asset? Well according to Wiki, “Legacy Assets are those assets which are less...
03/29/2009
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As I listen to Treasury Secretary Geitner and President Obama talk about the New Plan for the toxic assets I am reminded of Monte Hall of Let’s Make a Deal. It appears the New Plan involves a partnership with the government and the Private Sector. The Government would buy up $700 billion dolla...
03/24/2009
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Evanston Community Developement Association, a Faith Based organization, and Citizens’ Lighthouse Community Land Trust, NFP have similar agenda but different approaches in providing Alternative Housing to Minorities and Low income families in Evanston. . 2212 W. Washington is a 3 Bedroom/ 1 Ba...
03/19/2009
Information is provided by Record Information Services which has been in business for 15 years and provides marketing data for the following counties in Northern Il: Cook, Dekalb, Dupage, Kane, Kendall, Lake, Mchenry, Will and Winnebago Counties. Total Sheriff Sales 226 City South 87 Subur...
03/13/2009
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Leading economists from the University of Illinois Regional Economics Applications Laboratory (REAL) have published a report “Housing Price Forecasts: Illinois and Chicago MSA, February 2009″ The Economy: According to these economic experts, our local economy is struggling. In 2008 , Illinoi...
03/13/2009
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In this tough market you have to find a way to get the job done. Such is the case for a recent transaction I just completed for a first time home buyer in the Navy. With limited money and VA loan we started to look at bank owned foreclosures. After visiting several homes, my buyer found a ho...
03/04/2009
1. Fannie Mae and Freddie Mac loans: Homeowners who have loans with Fannie Mae or Freddie Mac are allowed to modify their loans provided the remaining balance on the mortgage does not exceed more than 5% of the current “Market Value”. I think many homeowners will not be able to modify their...
03/04/2009
The North Shore communities of Evanston, Skokie and Lincolnwood are the first suburbs north of Chicago. Each one of these communities have homes in different stages of foreclosure. Active Listings Evanston Skokie Lincolnwood Single Family Total 289 312 113 Short Sales 33 48 10 Bank Owned 15 23 0...
03/04/2009
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