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Archive for June, 2010

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Lastest Foreclosure Illinois News

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Downers Grove may be included in county housing program Downers Grove is being eyed to be part of a new program to aid those looking to buy homes. Read more on The Downers Grove Sun

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Maywood man one of 17 charged in mortgage fraud

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Maywood man one of 17 charged in mortgage fraud A Maywood man was one of almost 1,200 mortgage brokers accused of bilking homeowners and banks out of .3 billion in one of the largest mortgage fraud sweeps in national law enforcement history. Read more on Proviso Herald

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Lastest Foreclosure Illinois News

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Community Calendar Find out what to do this week and beyond. Read more on Wilmette Life

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LEL files foreclosure suit against Sand Creek Country Club owner

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LEL files foreclosure suit against Sand Creek Country Club owner Jimmy Gierczyk continues to have cash-flow problems. On Monday, the Lake Erie Land Company (LEL) filed a lawsuit in Porter Superior Court seeking to foreclose on a loan made to Gierczyk’s Sand Creek CC Real Estate LLC, the current owner and operator of Sand Creek [...]

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Lawsuit hits longtime homebuilders

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Lawsuit hits longtime homebuilders Lender says brothers Bruno and Anthony Pasquinelli improperly transferred millions from their company to themselves Longtime suburban homebuilders Bruno Pasquinelli and Anthony Pasquinelli are being sued by a lender, Harris N.A., that alleges the brothers improperly transferred million from their company to themselves and more than a dozen family members as [...]

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Lastest Foreclosure Illinois News

By on Tuesday, June 29th, 2010 | Comments Off

Metro Chicago Real Estate Market Saw Activity Increase While Price Declines Eased During May Reports RE/MAX The residential segment of the metropolitan Chicago real estate market again showed signs of stabilizing in May as transaction activity rose and average market times declined even though home prices were still under downward pressure, according to an analysis [...]

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Community Calendar

By on Tuesday, June 29th, 2010 | Comments Off

Community Calendar The deadline for calendar items is two weeks prior to the desired publication date. Send information on clubs, lectures, community events, religious events, reunions, support groups and singles to: Community Calendar, Evanston Review, 3701 W. Lake Ave., Glenview IL 60026; fax to (847) 486-7451 or e-mail to evanston@pioneerlocal.com. Read more on Evanston Review

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Cleveland razed! Rust Belt remaking foreclosures into forests

By on Tuesday, June 29th, 2010 | Comments Off

Cleveland razed! Rust Belt remaking foreclosures into forests In a housing market still struggling to regain strength, Fannie Mae and Freddie Mac have quickly become two of the nation’s biggest landlords. By the end of March, the troubled mortgage finance companies had taken over 163,828 foreclosed houses. That’s more homes than there are in Seattle. [...]

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Five Reasons Why Illinois is Broke

By on Tuesday, June 29th, 2010 | Comments Off

Five Reasons Why Illinois is Broke Illinois is on the edge of an economic abyss: low on cash, low on options and the evidence is not pretty. The state is billion in debt. Read more on FOX News Chicago

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Could the Right to Rent Stop the Foreclosure Hurricane?

By on Tuesday, June 29th, 2010 | Comments Off

Could the Right to Rent Stop the Foreclosure Hurricane? by Greg Kaufmann When the foreclosure hurricane first hit, subprime borrowers absorbed the brunt of it. Homeowners who had been fooled with teaser rates suddenly faced balloon payments they couldn’t afford. Others couldn’t refinance because of prepayment penalties they hadn’t been aware of. And some people [...]

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