announcement: Sales up in December 20% - 01/25/10 12:11 PM
In the state of Illinois...
This press release from IAR highlights some good numbers among all the bad news. 
The good:
"December 2009 were up 20.1 percent, totaling 8,197 homes sold compared to December 2008 sales of 6,823 homes, marking the fourth consecutive month of year-over-year sales increases statewide." "In the Chicagoland Primary Metropolitan Statistical Area (PMSA), year-over-year home sales were positive for the sixth consecutive month, up 33.1 percent to 5,752 homes sold (single-family and condominiums) in December 2009 compared to 4,320 homes sold in December 2008. "  
The Bad:
Sales increases driven by REOs and Short Sales along with … (0 comments)

announcement: Craigslist listings of the week - 01/24/10 09:21 AM
Homes for Sale in Venetian Gardens, (Fox River Grove, Illinois
http://chicago.craigslist.org/nwc/reb/1568320391.html
House for Sale in Oakbrook Estates (Crystal Lake, Illinois )
http://chicago.craigslist.org/nwc/reb/1568316456.html
http://chicago.craigslist.org/nwc/reb/1568265129.html
House for Sale in Cary (Cary, Illinois )        
http://chicago.craigslist.org/nwc/reb/1568315151.html 
 
All featured listing can be found on our featured listings site.
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announcement: Attorney Generals of Several States See Uptick in Foreclosures for 2010 - 01/21/10 12:02 PM
Our (Illinois) AG is part of this group.  The full report is published at many sites, the first one to come up on google is here.
Here's an article summing up the report:
State AGs predict uptick in home foreclosures this year
The State Foreclosure Prevention Working Group, made of AGs and state banking regulators, is calling for increased efforts to assist struggling homebuyers. "...60 percent of seriously delinquent borrowers are not involved in loss-mitigation efforts,..." federal government said just 7 percent of the homeowners who received trial modifications on their loans through the program had received a permanent reduction through the … (0 comments)

announcement: FHA to announce changes this week - 01/20/10 10:46 AM
Information from IAR weekly update:
The Federal Housing Administration (FHA) is expected to announce major changes to its program this week in an effort to build up its capital reserves, according to NAR. FHA will be looking to improve loan quality, increase mortgage insurance premiums and change lender eligibility. Read this NAR Regulatory Issue Brief to learn more.
 
From NAR document:
FHA announced changes in the following areas:
 The upfront mortgage insurance premium (UFMIP) will increase to 2.25 percent up from 1.75 percent. Contrary to reports, FHA will continue to allow the financing of the UFMIP.
 Borrowers with … (0 comments)

 
OK and Associates Realty Plus (Northern Illinois Real Estate)

OK and Associates Realty Plus

McHenry, IL

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Northern Illinois Real Estate

Address: 202 Highbridge Tr, McHenry, IL, 60050

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