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Chicago Mortgages

A collection of news and information related to Chicago Mortgages published by this site and its partners.

Top Chicago Mortgages Articles

Displaying items 49-60
  • Illinois suit: Firm broke into occupied homes in foreclosure, removed belongings

    Illinois suit: Firm broke into occupied homes in foreclosure, removed belongings
    The state of Illinois is suing the nation's largest privately held firm that maintains foreclosed homes, alleging it illegally broke into the occupied homes of people behind on their mortgage payments or in foreclosure, locked them out and removed their...
  • Chicago seeks tougher rules on vacant buildings

    Chicago seeks tougher rules on vacant buildings
    In the first 10 days of September, city of Chicago operators logged 359 calls about problems at vacant buildings, ranging from reports of open or missing front or back doors to pried-off plywood panels to trespassers. The city is trying to lessen that...
  • Friends' Shallow End Gals crime trilogy the talk of Niles, Mich.

    Friends' Shallow End Gals crime trilogy the talk of Niles, Mich.
    "Hi. I'm the dead girl in the alley,” said Carolyn Gale. At the moment, she was the waitress behind the bar, it being lunchtime at the Tavern. But sometime before Christmas, she will be on the back cover of the next Shallow End Gals' novel, as she...
  • Lowest mortgage rates in history are a golden opportunity -- for those who are employed and solvent

    It's difficult to believe that mortgage interest rates are now officially at the lowest point in history. Or, at least, the lowest point in history as defined by the Freddie Mac, which has been keeping track of 15-year fixed-rate mortgages since 1991....
  • Not all mortgages are assumable

    Q: I read your recent column titled "Giving up interest does not free you from mortgage obligation." The ex-wife was willing to give up her claim on the home to her former spouse and receive a fixed payment once he refinanced. She chose to quitclaim...
  • Short sale with two different lenders a tough transaction to carry off

    By Ilyce Glink and Samuel J. Tamkin Q: I have a question regarding a short sale. If somebody has a mortgage with one bank and home equity line of credit with another, how would the negotiations work if you found yourself facing a short sale? The value of...
  • In hot market, buy now or later?

    By Ilyce Glink and Samuel J. Tamkin Q: I am a married, 65-year-old retiree. I spent 22 years in the military (with a pension), and then worked another 22 years for corporate America. I want to sell our house when my wife retires in 2015. My wife and I...
  • Are underwater homeowners fighting losing battle?

    Q: We are currently underwater on our primary home mortgage. Our mortgage has been modified twice, and all payments were added to the back of mortgage. Our loan balance was once $216,000 and now is $285,000. The home needs repairs, and we have no money...
  • When refinancing, always shop around

    By Ilyce Glink and Samuel J. Tamkin Q: I recently talked to Chase and Quicken Loans, and Quicken came back and said I could lower my monthly payment by $100 and go from a 5.75 percent to a 4.5 percent interest rate. The payment is only $100 cheaper a...
  • Many buyers find the mortgage process unpleasant

    The shortage of houses for sale has changed the real estate landscape in numerous ways. One is that finding just the right place has supplanted obtaining financing and wading through the necessary paperwork as the most difficult aspect of the buying...
  • Despite signs of a seller's market, it's still a great time to buy real estate

    Home buyers and real estate investors have been in a good mood for years, since around 2007, when the housing crisis began. And why not? Historic low interest rates and home values that have dropped off anywhere from 30 to 60 percent are a potent...
  • Mortgage restriction on renting out property not likely to be enforced

    By Ilyce Glink and Samuel J. Tamkin Q: I have a question about renting a second home that has a mortgage that states "you cannot rent this property." Here's the story. About two years ago I bought a beautiful cabin in Blue Ridge, Ga., that was a...