What is Market Value vs Assessed Value in Chicago

When it’s time to sell your Chicago home, there can be some confusion when determining the value. If you REALLY want to know what it is worth, you can pay to have an appraisal done. An agent should be able to provide you with detailed CMA reports, letting you know what is going on in … Continued

What It REALLY Costs To Sell Your Home in Chicago

Listing your home isn’t free. There are costs, chores and a lot of work that goes into getting your home ready for the market. Before you list your home, think about the time, energy and money that go into it. If you have a direct buyer, with a great offer, it is often preferred to … Continued

Costs of Listing With An Agent in Chicago

When selling your Chicago home, don’t rush into signing with an agent until you run some numbers and learn about all of your options. There are many costs of listing with an agent, sometimes a direct sell is a more lucrative choice. Educate yourself on all scenarios before you sign a listing agreement that binds you … Continued

What are Closing Costs Exactly in Chicago?

You’ve likely heard about closing costs, but do you know everything that they include? Check out our closing cost “FAQ” to learn more about what closing costs are all about. What Are Closing Costs Exactly in Chicago? Closing costs refer to all of the fees that must be paid at the closing table. Depending on … Continued

Foreclosure notice of default in Illinois– what is it?

If you’ve gotten a foreclosure notice of default and want to know what the heck is going on, keep reading. Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure. The foreclosure notice of default must be sent to anyone who has … Continued

What is a Pre-Foreclosure in Chicago?

With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. So what is a pre-foreclosure in Chicago anyway? Many homeowners across America and Chicago are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending institution will … Continued

How to Avoid Foreclosure in Chicago

While the housing market is rebounding, many people in Chicago] are still struggling to make their mortgage payments. If you’re underwater on your home, or having trouble keeping up with your monthly mortgage payments, you could be fearful that your mortgage provider is going to foreclose. Thankfully, there are a number of things that you can do … Continued

Can a house be sold while in probate in Chicago Illinois?

Probate is the process of reassigning the property to the beneficiaries after the person dies. When a person passes away they leave their loved ones and their property behind. Sometimes the last will or the Testate is left behind by the person and in some cases it is not. Whatever is the situation, the property … Continued

Short Sale vs. Foreclosure – What’s the Difference?

Whether you’re a buyer or a borrower / seller, a short sale and foreclosure each present different advantages and difficulties. What Is A Foreclosure In Chicago Illinois? In simple terms… “A foreclosed home is one in which the owner is unable to make his mortgage loan payments and the bank repossessed the home” (source).  If … Continued

4 Ways To Deal With A Frustrating Tenant In Chicago

Are you a landlord with frustrating tenants? You’re not alone. Many landlords find out the hard way that they have frustrating tenants in one of their rental properties. In this article, we’re sharing 4 ways to deal with a frustrating tenant in Chicago and in the 60620 zip code. If you own a rental property, … Continued

How to stay in my home after foreclosure in Chicago

A recent study estimates that 47% of foreclosed properties are still occupied. When you first see that stat you may be surprised… but we’re not. What most people don’t realize is that banks aren’t in the business to own homes. They are in the business to loan people money. But when they have to foreclose … Continued

The Surprising Truth Of Being A Landlord In Chicago

Do you own a rental property in Chicago? Make sure you know the surprising truth of being a landlord in Chicago because it’s not always what you think it’s going to be… Owning a rental property seems like a great idea. You buy it cheap, you find a tenant, and then you profit from the … Continued