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Lifting rental restriction could put association at risk
Q: We are a small condominium complex with a rental limitation. In an effort to protect our investments, owners amended the declaration to allow no more than 30 percent of the units to be rented at any one time for two years. At the end of the two-year...Tags: U.S. Postal Service, Rentals, Finance, Computing and Information Technology Industry, Condos
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Is board close-minded about open meetings?
Q: I am a member of a large multi-unit condominium association. To what extent is our association governed by the open meetings act? Can resident owners be permitted to ask questions or make reasonable comments to board members or the property manager...
Tags: Interior Policy, Housing and Urban Planning, Real Estate Buyers, Condos
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Condo policies can help or hurt property values
It takes more than a neat, attractive condominium or town house to make a sale at a fair price. Buyers have heard the horror stories of steep special assessments and deteriorating buildings. They expect the association to make a good impression as well as...
Tags: Values, Lobbying, Finance, Real Estate, Condos
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Single dad coping with two mortgages and other consumer debt
Real Estate MattersQ: I will try to make a long story short. I have credit card debt of about $12,000, a car loan of $20,000 and a ton of mortgage loans. I owe $156,000 on my primary residence, but thanks to the Great Recession, my house is only worth about $100,000,...Tags: Government, Iran, Iraq, Dick Cheney, Real Estate
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HELOC impedes refinance
Real Estate MattersQ: I recently attempted to do a FHA streamline refinance and was denied because I have a home equity line of credit (HELOC) that is maxed out. The lender told me that because of the HELOC, the streamline refinance would require an appraisal. And, given...Tags: Federal Reserve, The Wall Street Journal, Homes, Money and Monetary Policy, Finance
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Condo prices cut in Lake Park Crescent closeout
A closeout sale of five condominium units is under way at Lake Park Crescent, a 68-unit condo and row home development in Chicago's North Kenwood-Oakland neighborhood. Gordon Ziegenhagen, vice president of developer Draper and Kramer, said more than 25...
Tags: Oakland (Chicago, Illinois), Condos, Kenwood
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Lending industry not ready to ease strict mortgage standards
WASHINGTON — With home prices rising in many markets around the country, might mortgage lenders start loosening up their hyper-strict underwriting rules and extend loans to buyers who now find themselves on the sidelines? Could current...Tags: Homes, Finance, Mortgages, The Washington Post, Fannie Mae
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Two U.S. agencies try to get lenders to ease tough mortgage rules
WASHINGTON — Two federal agencies with far-reaching influence over the mortgage market are working on a problem that could affect the ability of many consumers to obtain a home loan: How to encourage private lenders to ease up on their...Tags: Mortgages, Medical Procedures and Tests, Real Estate Buyers, Freddie Mac, Washington, DC
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President Obama speaks at Roanoke campaign event
The road to the White House clearly goes through our viewing area. Before an estimated crowd of 3,040 people, President Barack Obama gave a campaign speech Friday evening in downtown Roanoke. Obama, who is seeking a second term as president against...
Tags: Salem (Salem, Virginia), George Allen, Barack Obama, Mitt Romney, John McCain
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Glendale, Burbank home market still stalled
A lack of consumer confidence and high number of homeowners who owe more on their homes than they're worth continue to keep the housing market from making a recovery. But burgeoning buyer demand is leading to bidding wars that are pushing up median sale...Tags: Homes, Real Estate, Real Estate Sellers, Condos, Real Estate Buyers
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High foreclosures earn Chicago spot in FHA program
The Federal Housing Administration said Wednesday it has tapped the Chicago area, along with three other housing markets hit hard by foreclosures, for a pilot program designed to stabilize neighborhoods and slow the increase in abandoned homes. The...
Tags: South Holland, Park Forest, Financial and Business Services, Foreclosures, Mortgages
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German bank under fire in Florida and at home
In hundreds of cases, the money trail from foreclosed and abandoned homes in South Florida leads across the Atlantic to Germany and this country's largest investment bank. Deutsche Bank was a heavyweight financial player during the American mortgage...
Tags: Goldman Sachs Group, Inc., Palm Beach (Palm Beach, Florida), Lake Worth, Sales, Real Estate
Sep 27, 2012
|Column| Chicago Tribune
Sep 20, 2012
|Column| Chicago Tribune
Sep 20, 2012
|Column| Chicago Tribune
Sep 15, 2012
|Column| Tribune Media Services
Sep 6, 2012
|Column| Tribune Media Services
Aug 23, 2012
|Story| Chicago Tribune
Aug 5, 2012
|Story| Los Angeles Times
Jul 8, 2012
|Story| Los Angeles Times
Jul 13, 2012
|Story| WDBJ7
Jul 14, 2012
|Story| Glendale News Press
Jul 18, 2012
|Story| Chicago Tribune
Jul 15, 2012
|Story| South Florida Sun-Sentinel
Original site for Federal Housing Administration topic gallery.
