illinois real estate: Illinois - Highest Foreclosure Rate in U.S. - 09/15/12 07:33 AM

As of August, Illinois has the dubious honor of the highest foreclosure rate in the country.  Compared with August 2011, default notices rose 18 percent, notices of scheduled foreclosure auctions rose 116 percent and bank repossessions increased 41 percent.  Overall, foreclosure activity in the state rose 29 percent from July and 42 percent from August 2011.
With the latest report, foreclosure activity in Illinois has increased on a year-over-year basis for eight consecutive months.  Most of that activity continues to be centered in the Chicago area with 91 percent of foreclosure notices in August located in the area.  Initial … (0 comments)

illinois real estate: Help for 1st Time Home Buyers - 06/08/11 07:27 AM
Many of the buyers I work with are first-time home buyers. Home affordability is high at the moment. I am working with a young man who wanted to see if he could purchase a home for what he was paying for rent. In this market, the answer of course was yes.  For many would-be home-owners, that initial downpayment is a hurdle.  I asked one of our lender partners, Sheila Gower of First Mortgage Corporation, to write a guest blog about one of the downpayment assistance programs available to first-time home buyers in Illinois. It should be noted that IHDA … (3 comments)

Millie Lumpkin (EXIT Strategy Realty)

Millie Lumpkin

Chicago, IL

More about me…

EXIT Strategy Realty

Address: 2235 W North Ave, Chicago, IL, 60647

Mobile: (312) 217-5644

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