Foreclosures

Foreclosures Decrease in First Quarter Across U.S.

The experts predicted it would get worse. They said distressed homes would bombard the market like waves crashing along Lake Shore Drive, pummeling the Chicago real estate market with foreclosures. The outlook was bleak and the housing market seemed doomed to stay in the mire of upside-down mortgages and a stagnant housing recovery. Sometimes though, …

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How to Purchase Your Chicagoland Real Estate Through HUD

Did you know there are HUD homes available in many parts of Chicagoland? HUD homes come in many sizes, prices ranges, styles and locations. That’s because “HUD Homes” is another name for “FHA foreclosures.” And there’s a process for purchasing HUD homes that requires learning a new set of rules. Fortunately, it’s not hard to …

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U.S. Foreclosures Drop 10% in January as Illinois Rises 2%

Good news – foreclosure filings down nationally.  The not so good news – Illinois in the top 5 of that list with a 2% increase in January over last year.  When the list is of foreclosure filings by state, it’s not where Illinois homeowners particularly (that I know of)  enjoy being near the top. The …

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