RSS feeds allow Web site content to be gathered via feed reader software. Click the subscribe link to obtain the feed URL for this page. The feed will update when new content appears on this page.

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 85-96
  • 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...
  • Rehab loan on underwater home is a dicey proposition

    By Ilyce Glink and Samuel J. Tamkin Q: My home is like most in our neighborhood: I owe more than what it's worth. I would continue to live in my home until I'm ready to sell, maybe around fall or near the end of this year, which would give me time to pay...
  • Divorcees beware: You're not off the mortgage until you're off the mortgage

    Divorcees beware: You're not off the mortgage until you're off the mortgage
    By Ilyce Glink and Samuel J. Tamkin Q: My ex-spouse and I own two houses. The separation agreement spells out that I am to be taken off the title to those properties. The two house loans together total approximately $900,000. My ex-spouse's attorney...
  • 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...
  • Inside Penny Pritzker's portfolio: How a billionaire invests

     Inside Penny Pritzker's portfolio: How a billionaire invests
    How do the wealthy stay wealthy? The mandatory financial disclosure released last week by commerce secretary nominee Penny Pritzker provides a rare look at an American billionaire's entire investment portfolio. Pritzker inherited much of her wealth,...
  • Judge deals blow to Chicago's vacant building ordinance

     Judge deals blow to Chicago's vacant building ordinance
    A federal court ruling has dealt a setback to Chicago's efforts, and to potentially those of municipalities around the country, to maintain some of the vacant properties caught in the limbo of the foreclosure process. Chicago's ordinance, which took...
  • 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...
  • Cook County home prices continue recovery

    Cook County home prices continue recovery
    Single-family-home prices rose strongly in Chicago and suburban Cook County during the year's second quarter, according to a local home price index, validating the sentiment that a housing recovery has taken hold in the Chicago area. However, the pace...
  • 60,000 underwater borrowers in Chicago eligible for program

    60,000 underwater borrowers in Chicago eligible for program
    More than four years after the Federal Housing Finance Agency established a mortgage refinancing program, the effort has been losing steam. Now the agency is looking for underwater but current borrowers, including almost 60,000 homeowners in the Chicago...
  • Is 'morality' the most relevant issue when letting underwater house go?

    By Ilyce Glink and Samuel J. Tamkin Q: I was listening to your radio show recently with some interest about the condition of the Chicago real estate market and was astounded by your response to one of your callers. The man was a house painter who was...