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Posts in category "Real Estate"

Bank of America Starts Shaving Customers' Mortgage Principal

Bank of America Starts Shaving Customers' Mortgage Principal
This week, some Bank of America mortgage customers will receive letters in the mail describing the process by which they can attempt to reduce the principal on their home loans. The letters are the result of last week’s notice of settlement, whereby Bank of America would avoid more severe penalties for its role in the... Read more »
By mazeklaw,
May 14, 2012 at 9:36 am
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I'll Have a 15-Pack of Mac & Cheese and a Mortgage

I'll Have a 15-Pack of Mac & Cheese and a Mortgage
Costco rolled out a full-service mortgage program on Friday, adding an unusual item to its bulk-sales enterprise. The company tested the mortgage program for about a year before its launch last week via its website. The program promises great rates and lower closing costs compared to most lenders. The company partnered with 11 lenders to... Read more »
By mazeklaw,
April 30, 2012 at 9:14 am
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Ad Firm Wants to Pay Your Mortgage For Ad Space

Ad Firm Wants to Pay Your Mortgage For Ad Space
Would you make your home a billboard? What if doing so allowed you to stay in your home a bit longer and avoid foreclosure? These are the questions some homeowners are asking themselves in light of the program launched by marketing firm Brainiacs From Mars, based in northern California. The company will offer to pay... Read more »
By mazeklaw,
March 5, 2012 at 1:14 pm
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Forbes: Chicago Sixth Most Miserable City

Forbes: Chicago Sixth Most Miserable City
In the type of story designed to generate page views and arguments, Forbes released its list of America’s Most Miserable Cities, and Chicago is No. 6 on the list. A bit further down on the list, Rockford comes in at No. 9, while Miami was deemed the most miserable city in America. The list takes... Read more »
By mazeklaw,
February 3, 2012 at 11:41 am
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Get Foreclosed, Get Paid?

Get Foreclosed, Get Paid?
Today’s typical foreclosure results in the property being sold at a sheriff’s sale for less — often, much less — than what the bank was owed on the previous mortgage. But that isn’t always the case. Although it’s rare, sometimes the sheriff’s sale fetches a sale price higher than the note, which results in a... Read more »
By mazeklaw,
August 26, 2011 at 8:56 am
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Experts Predict End of 30-Year Mortgage

The New York Times recently published an article discussing what might happen to the lending market if the government formally elects to shut down Fannie Mae and Freddie Mac in the coming years. The loss of these two government-run lending powerhouses, the article supposes, could signal the end of borrower luxuries like low interest rates... Read more »
By mazeklaw,
March 7, 2011 at 10:40 am
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Census Confirms Migration to Suburbs

For individuals in the real estate game, trends are often based on perception instead of figures, since most of the time figures are hard to come by or simply take too long to calculate. But you can ‘feel’ certain things happening in and around the Chicago real estate market. Those feelings were confirmed by yesterday’s... Read more »
By mazeklaw,
February 16, 2011 at 9:44 am
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Things You Shouldn't Hear From Your Agent

This blog has discussed before the important role of a real estate agent in a home/condo purchase. Chicago is blessed to have some of the nation’s top agents helping homebuyers find a suitable property. There are, however, some distinct warning signs that your agent isn’t right for you. Here are five statements you don’t want... Read more »
By mazeklaw,
December 13, 2010 at 6:46 am
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Added Home Repair Protection For Disabled

The real estate market relies heavily on the construction and home-repair segments. When people are building new homes and repairing their existing homes, things are likely going well in the real estate community. But with the slow-down of housing construction and repair, an increasing number of contractors have sought ways to keep their revenues steady... Read more »
By mazeklaw,
September 21, 2010 at 9:07 am
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Loan Modifications in the News

Today’s Chicago Tribune sheds some light on the much-criticized loan modification industry in Chicago and nationwide. It’s a piercing look at the predatory nature of the business, particularly the legal community’s involvement.  For those who haven’t read the piece, it discusses the role of attorneys in the loan modification process, and how often times it... Read more »
By mazeklaw,
September 14, 2010 at 10:03 am
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