Michael Hobbs's (michaelhobbs) Blog

Just this week, it was announced that Chicago City Council voted on a local statute that makes lenders liable for vacant properties, even when they don't have title.  Granted, Chicago has a major issue with vacant properties in blighted neighborhoods and they are making efforts to address this. ...

At the end of the second quarter, RealtyTrac released their survey of major metropolitan areas and the respective foreclosure activity.  Overall, the data is starting to show some improvement with 84% of US Metro areas posting lower foreclosure activity! Nevada, California and Arizona accounted ...

  Just saw this interesting summary by Paul Dales.  He is a senior U.S. economist at Capital Economics, says the homeownership rates seen during the last decade's housing boom have been more than wiped out by the bust.  AND the decline is not even over yet.  The United States homeownership rate d...

Following is a summary from our client, Cherry Picker Investments, and the properties their customers researched that resulted in real estate investments and foreclosure acquisitions for the week of July 25 - 29.   4247 Ridge, Arlington Hts447 Old Walnut, Gurnee6540 W. Irving Park Rd #606456 Wil...

Chicago Cubs Fans, never say never.  Over the weekend, Bardan Azari of Cherry Picker Investments told me that a couple of his clients might be considering making a run at piece of history. Just when you thought the unimaginable couldn't happen, on August, 17, 2011, the next best opportunity to b...