Buy Home Illinois

Financially struggling homeowners say they’re just being shrewd when they file for Chapter 7 to escape a mortgage

Condo owner declares Chapter 7 bankruptcy liquidation after attempts at modifying loan fail. Lawyers and other experts say they increasingly suggest such actions to people.

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Moral bankruptcy?

Q. We are in preforeclosure renegotiation of the loan on our rental home. The loan on this investment property was a low teaser rate for the first two years but now the interest rate has been adjusted higher and our payments have increased by several hundred dollars per month. We actually would have been OK with the higher monthly loan payment, but the rental market in our area has also been hard hit. There are so many vacancies that we had to lower the rent after the last vacancy. So the lower rent combined with the higher expenses means we have to invest additional cash each month and we are quickly depleting our savings.

Source: Tenants claim owner’s mortgage woes justify withholding rent

They are the Rodney Dangerfields of new housing; they get no respect. Often misnamed and misunderstood, they are the exception to the rule. But for homebuyers like Jamie and Andrew Kach, they make sense.

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Factory-built homes have fast construction nailed down

I have a sunroom, built in 2005; it is post-and-beam construction, fully insulated and is off my dining/kitchen area. I have ants for the first time; they are confined to this room and don’t migrate into the kitchen.

Source: Pest control companies can address ant problem

A simple visit to a home improvement store in Morton Grove turned into an unforgettable ambush for two weekend warriors.

Andrew Flanagan was shopping one Saturday in May when Josh Temple, DIY Network’s host and licensed contractor, caught up with him, cameraman in tow. Flanagan’s tattoos and “interesting” muscle shirt intrigued Temple, but finding out the insurance agent’s house was a registered historic Chicago bungalow sealed the deal. Temple decided he had to take a look at Flanagan’s home.

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Reality TV for Chicago bungalow: ‘House Crashers’ visits homeowners

Small town charm, rolling hills and scattered farms give Hampshire a unique character many homebuyers seek.

Source: Changes come to Hampshire, yet charm remains

33 percent drop sparks fears that housing market could falter again

Sales of newly built U.S. homes collapsed in May, the government said Wednesday, falling to their lowest level on record and stirring concerns among economists that the housing market would stumble again now that a popular federal tax credit for buyers has expired.

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New-home sales fall to record low

We have had our house on the market for four months listed with a name-brand broker, but we have had fewer than 20 viewings, a dozen of which were at one open house. Our house is beautifully staged and accurately priced. How can we get our broker to bring more potential buyers through the door?

Source: Agent can’t force potential buyers to walk through your door

A foreclosed home may be a good deal for buyers but the process can be complex.

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Buying a foreclosure

Ahhhhhhh, summer! After the cold, wind and snow of our Midwestern climate, what better way to spend the lazy, hazy, crazy days than to sit in our own backyards, dining alfresco and entertaining friends.

Source: Delicious designs please those who dine, entertain outdoors