chicago foreclosures: CHICAGO FORECLOSURES FALL - But Housing Recovery Here Not Complete! - 01/16/14 11:08 PM
In what many experts consider a clear signal that the Housing Market in Chicago may be making a comeback, Bank-Owned Foreclosed Homes, as a percentage of all homes on the resale market here, fell by 27% in 2013, versus 2012.  At the end of last year, 1 out of 5 homes for sale in Chicago were Bank Owned, versus a 28% share one year earlier, at the end of 2012.
As written in Mary Ellen Podmolik's story in the Chicago Tribune, the impact of one or more Foreclosed Homes on a residential block is often far reaching.   Besides being unsightly, and a possible draw for squatters, and crime, these … (0 comments)

chicago foreclosures: THE LIMBO OF THOSE ENDURING DELAYED FORECLOSURES - 03/05/12 12:15 PM
Under "normal circumstances," IL Foreclosures take about nine months to one year to run their course - from the first court filing of mortgage delinquency, until the homeowner if finally evicted and forced to leave their home. For many homeowners in distress, however, circumstances here are far from normal. Indeed, it is not unusual for some homeowners who haven't made a mortgage payment in two to three years to still be in their homes, waiting to be forced to leave.
Many blame the record high levels of pending foreclosures on the high level of distressed inventory that has come to market … (1 comments)

chicago foreclosures: AFRAID? VERY AFRAID? FEAR STILL PARALYZING MANY HOME BUYERS! - 10/16/11 03:37 PM
Hope you enjoyed the weekend, folks!  Nice, but a bit cool and breezy, here in Chicago.
Here in the Chicago Real Estate Market Dean's Team works most frequently, prospective home buyers calling from all sources - referrals, property ads, and the Internet - generally ask one question FIRST as it pertains to their home search -
Our own perception, often times, is that most new buyers we encounter aren't just looking for a "Good Deal." They are looking for the "Steal of the Century!"
Most of these prospective buyers have little money down. Some have … (1 comments)

chicago foreclosures: BEST REAL ESTATE BARGAINS THESE DAYS? PERHAPS . . . REO PROPERTIES! - 02/06/11 03:17 PM
Here in Chicago, in many neighborhoods and Suburban Chicago Communities, buyers are king!  Especially those with lotsa cash, or stellar credit.
And what are these buyers looking for, gang!
BARGAINS, of course!   They want to save a lot of money.  In our clients' recent jargon, "I wanna steal da joint!"  (Remember, this is Chicago after all - many still talk this way!)
So, many call our Chicago Real Estate Team, asking for a list of Short Sale Properties - those properties where the owners are selling for less than they owe on their mortgage.  Problem here, most of the time, the … (2 comments)

Depending on where you live in Chicago, Foreclosures and Short Sale Properties could make up as many as four out of ten Real Estate Transactions today.  Unemployment locally, and across the nation, remains high.  Credit standards remain tight.  And thousands of homeowners have long given up on attempting to keep their house payments current.
In IL, completing the process of a lender acquiring a residential property by means of foreclosure can often take nine months to a year, sometimes longer.  But now, alleged shady processing practices among many of the largest banks in the U.S. have put thousands of forecloses on … (7 comments)

chicago foreclosures: IN CHICAGO, Foreclosures Impact Market Strongly, But Non-Distressed Homes Not Taking As Hard a Hit! - 08/08/10 04:51 PM
Chicago Neighborhoods, like most other Real Estate Markets across the U.S., has seen considerable home foreclosures over the past several years.  The sheer number has brought down price medians in many Chicago Neighborhoods and Suburbs. 
The price drops have not been lost at the office that assesses property taxes across Cook County - the county which includes the City of Chicago and many Chicago Suburbs.  So far in 2010, the Cook County Tax Assessor has reassessed four Suburban Townships north of the city.  Each of the four townships - Evanston, Barrington, Norwood Park, and Niles - have shown median price decreases … (4 comments)

Dean Moss, Dean's Team Chicago IL Real Estate Team (Dean's Team - Keller Williams Realty Partners Chicago IL)

Dean Moss

Dean's Team Chicago IL Real Estate Team

Chicago, IL

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Dean's Team - Keller Williams Realty Partners Chicago IL

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