From our blog

Pilsen Market Update – May 2012

Pilsen Market Update – May 2012

Posted on May 15th, 2012 in All Articles, Pilsen, Short Selling/Buying.

Pilsen Market Update By Phil Buoscio of Better Living Realty Just wanted to send out a quick update on the Pilsen market. As you can see from the graphs below, the market has been a bit up and down over the last 3 years. There has been a high number of short sale and bank [...]

Chicago Short Sale Myth: The Mortgage Forgiveness Law Means That Everyone Gets To Short Sale With No Deficiency

Chicago Short Sale Myth: The Mortgage Forgiveness Law Means That Everyone Gets To Short Sale With No Deficiency

Posted on May 11th, 2012 in All Articles.

Chicago IL – I recently heard another so-called short sale expert say that the Federal Mortgage Forgiveness Debt Relief Act made it so that everyone gets to short sale with no deficiency The unfortunate news is that this is not true. In some state, state law forbids the lenders from attempting to collect from the [...]

Worried About Owing Money After A Chicago Short Sale?

Worried About Owing Money After A Chicago Short Sale?

Posted on May 2nd, 2012 in All Articles.

Chicago IL – We recently received an email from Joy. She was thinking about a short sale, but was worried about a deficiency. Here is a sentence from her email: “We obviously want to get the price as close to fair market value as possible to eliminate or reduce any deficiency the bank may assess, [...]

South Loop Condo For Sale – 2 Bed, 2 Bath

South Loop Condo For Sale – 2 Bed, 2 Bath

Posted on May 2nd, 2012 in All Articles, South Loop.

5 East 14TH Place CHICAGO, IL 60605 2 Bed, 2 Bath South Loop Condo Price : $279,900 Bedrooms : 2 Bathrooms : 2 Square Foot : 1,200 County : Cook Property Type : Condo or Townhouse Year Built : 2000 MLS Number : 08051214 click for more information and pictures Property Description GREAT S. LOOP [...]

SOLD Gilberts Short Sale – 199 Durango SOLD

SOLD Gilberts Short Sale – 199 Durango SOLD

Posted on April 25th, 2012 in All Articles, Short Selling/Buying.

199 Durango Gilberts, IL 60136 Newer 3 Bed, 2.1 Bath Townhome With Full Basement! Price : $99,900 Bedrooms : 3 Bathrooms : 2.1 County : Kane Property Type : Condo or Townhouse Year Built : 2005 MLS Number : 07853459 click for more information and pictures Property Description 3 BEDS, 2.5 BATHS. OPEN AND AIRY [...]

SOLD Elgin Short Sale – 1421 Dale Drive SOLD

SOLD Elgin Short Sale – 1421 Dale Drive SOLD

Posted on April 25th, 2012 in All Articles, Short Selling/Buying.

1421 Dale Elgin, IL 60120 Charming 3 Bed, 2 Bath Elgin Single Family Home Price : $179,899 Bedrooms : 3 Bathrooms : 2 Lot Size : 47,916 County : Cook Property Type : Detached Year Built : 1992 MLS Number : 07920040 click for more information and pictures Property Description CHARMING 3 BED, 2 BATH [...]

Pilsen Short Sale – 2324 S Oakley #2 – 3 Bed, 2 Bath Condo

Pilsen Short Sale – 2324 S Oakley #2 – 3 Bed, 2 Bath Condo

Posted on April 25th, 2012 in All Articles, Pilsen, Short Selling/Buying.

2324 South Oakley Avenue CHICAGO, IL 60608 3 Bed, 2 Bath Pilsen Condo Price : $249,900 Bedrooms : 3 Bathrooms : 2 County : Cook Property Type : Condo or Townhouse Year Built : 2006 MLS Number : 08032136 click for more information and pictures Property Description AMAZING 3 BED CONDO ON CORNER LOT WITH [...]

Pilsen Short Sale – 1626 S Morgan #2 – 2 Bed, 2 Bath Plus Den

Pilsen Short Sale – 1626 S Morgan #2 – 2 Bed, 2 Bath Plus Den

Posted on April 25th, 2012 in All Articles, Pilsen, Short Selling/Buying.

1626 South Morgan Street CHICAGO, IL 60608 2 Bed, 2 Bath Plus Den Pilsen Condo. 2 Car Parking Price : $279,900 Bedrooms : 2 Bathrooms : 2 Square Foot : 1,000 County : Cook Property Type : Condo or Townhouse MLS Number : 08046427 click for more information and pictures Property Description BEAUTIFULLY REHABBED CONDO [...]

Chicago Short Sale Question: Should I Short Sale My Home?

Chicago Short Sale Question: Should I Short Sale My Home?

Posted on April 25th, 2012 in All Articles.

Chicago IL – The Stop Foreclosure Institute recently received a question from Sergio. Here was his question. “I have owned my house since 2006. My employer reduced my salary by 30% and now I have to move out of state where I have found a new job. The house is a problem. Since 2006 my [...]