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March 2009 - Posts
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Homeowners whose mortgages are owned by Fannie Mae or Freddie Mac may be eligible to take advantage of lower interest rates under the Obama Administration’s new Making Home Affordable program. Also, borrowers who are having trouble making their Read More...
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Among action reported by Illinois Association of REALTORS lobbyists in last Friday’s State Capitol Report is the progress of several bills in the Illinois General Assembly related to property tax bills including an effort to increase the guaranteed Read More...
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On March 25, the U.S. Attorney's office announced nine indictments related to fraudulent mortgages on properties in the Chicago area. Read IAR’s article in partnership with the Chicago FBI related to common mortgage fraud schemes and how to Read More...
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Illinois Association of REALTORS® is hearing about a variety of rental scams across the state. The National Association of REALTORS®’ name is being used as part of a property rental scam in which rental property is offered to consumers, Read More...
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This Saturday, March 28 you are invited to join millions around the world to take action against global climate change by turning off your lights for one hour at 8:30 p.m . Help raise awareness about energy efficiency and global climate change through Read More...
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On March 18 Gov. Pat Quinn submitted a $53 billion Fiscal Year 2010 Operating Budget to members of the Illinois General Assembly which includes a $26 billion capital plan called "Illinois Jobs Now!" Read More...
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according to debate in the Illinois General Assembly last week. Read a recap of issues important to REALTORS® in State Capitol Report . Read More...
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The newly discovered FHA loans that require low down payments but charge higher interest to borrowers with lower credit ratings have surged in popularity among buyers. Read more > Read More...
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More than half of Nevada mortgage holders owe more than their homes are worth; Arizona is in second place at 32 percent. Read more > Read More...
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The federal government is providing a one-stop resource to send troubled borrowers. Read more > Read More...
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Scam artists are proliferating, targeting troubled borrowers trying to take advantage of the President's foreclosure-prevention plan. Here are four tips to pass along to your customers to avoid trouble. Read more > Read More...
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''It just seems obvious that a foreclosure in 2008 or 2009 doesn't have as much information value as a foreclosure five years ago,'' an expert says. Will FICO adjust its credit scores to lessen the impact? Read more > Read More...
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Mortgage rates dipped this week to the lowest rate since mid-January. Experts predict further falls in the coming weeks. Read more > Read More...
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Attend the 2009 Local, Global and Green Conference March 28, 2009 from 9:30 am to 2:00 pm at the UIC Student Center (750 South Halsted Street). Learn what opportunities await small businesses and entrepreneurs in the emerging Green Energy Industry. Know Read More...
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Join us Saturday March 21st or Sunday March 22nd at 1275 N. Milwaukee Ave for an open house between 10am and 4pm to discuss your ideas and share any thoughts you have on the redevelopment of the Polish Triangle. The Polish Triangle, a public space bordered Read More...
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Former owners of foreclosed properties will have the opportunity to lease their home month to month. Freddie Mac has about 8,500 properties in foreclosure. Read more > Read More...
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Buying a small apartment building could be an attractive investment in the coming years, say industry observers. Read more > Read More...
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One-fifth of home owners owe more than the worth of their house. Read more > Read More...
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More sellers are trying to counter the weak housing market by offering rent-to-buy agreements to lure prospective buyers. Read more > Read More...
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Rates averaged 5.15 percent for the week ending March 5, with an average 0.7 point. That's a bit higher than last week, but lower than a year ago. Read more > Read More...
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Home owners who decide to rent out their properties need to be aware of landlord-tenant regulations and avoid liabilities. Here are some things to keep in mind. Read more > Read More...
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The legislation, now heading to the U.S. Senate, would allow bankruptcy judges to lengthen mortgages, cut interest rates, and reduce principal owed by bankrupt borrowers. Read more > Read More...
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Pending home sales declined on the heels of a weakening economy and with some buyers waiting for clarity on housing stimulus provisions, according to the National Association of Realtors. Read more > Read More...
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There were some positive surprises in the Obama administration's plan for stemming foreclosures, analysts say. Read more > Read More...
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Cook County Assessor James M. Houlihan announced Friday that taxpayer exemption applications have been mailed to 235,000 homeowners. Applications were mailed to homeowners whose properties sold in 2008 and to homeowners whose properties did not have an Read More...
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Alderman Flores, Alderman Waguespack, the 14th Police District, and the CAPS Implementation Office invite you to participate in one of two special Safe and Sound forums to discuss safety issues. Please wear casual, loose fitting clothes for the self-defense Read More...
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