Posts Categorized: Uncategorized

blank

Recovering Pothole Damage

Wow! I can’t believe it. 15 months after the incident, the City of Chicago is going to pay me $173 for my tire that blew out on a giant pothole which was cleverly placed on a highway exit ramp. As I mentioned in a previous post, there are ways to submit claims to the City… Read more

blank

First Time Home Buyers, Good News on $8000 Tax Credit

According to Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development (HUD), the Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment on the purchase of a new home.¬† He shared this information at¬†midyear legislative meetings held in… Read more

blank

The Short Sale From Hell

The other day I ran into a seller that seems to be trying to conduct a short sale on their own. Good luck! After closing on this one yesterday I’m convinced that trying to conduct your own short sale would be like a surgeon trying to remove their own kidney (I think someone actually tried… Read more

blank

Chicago Condo Inventory Worse Than It Looks

Just completed our bi-monthly (Strange word. Could mean twice a month or every two months. We use the latter definition.) assessment of the 2 – 3 bedroom condo market in Chicago and some of our key neighborhoods and the data masks what’s really going on. As the graph below shows the fall and winter were… Read more

blank

Taking The Short Route – The Process

Suppose you read my earlier post on why you should consider a short sale. What needs to happen in order to pull it off? Here is a short overview of the process. Get The Right People Involved It definitely helps to have a realtor involved in this process because there is a lot of back… Read more