The Krain Blog

January 2008 - Posts

• Federal Reserve Rate Cut

  What the Fed's Rate Cut Means WASHINGTON — The Federal Reserve's three-quarter percentage point cut in a key interest rate Tuesday was designed to make consumer and corporate borrowing cheaper and thereby kick-start the economy, which many Read More... Posted Tuesday, January 22, 2008 8:38 PM by KRAIN - Commercial and Residential Real Estate | 0 Comments

• City Comptroller Announces 2008 Security Deposit Interest Rate Set at 1.26% for the City of Chicago

  the state rate is 0.35% The City of Chicago Residential Landlord and Tenant Ordinance (RLTO) requires the City Comptroller to set the rate of interest to be paid on security deposits held by landlords. The rate is calculated annually based on a formula Read More... Posted Tuesday, January 15, 2008 6:20 PM by KRAIN - Commercial and Residential Real Estate | 0 Comments

• Oppose Proposed Transfer Tax Increase

  Oppose proposed $3 per $1,000 transfer stamp increase!!! Call or e-mail your legislator today and urge them to vote against SB 572 and Senate Amendment #2 to HB 656, legislation that includes a real estate transfer tax. Even if you've taken action Read More... Posted Thursday, January 10, 2008 4:51 AM by KRAIN - Commercial and Residential Real Estate | 0 Comments Filed under: Legislation