Author: jfromchicago

What happens when you inherit a house in Illinois?

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Inheriting a house is one of the few big surprises that life brings us sometimes. But what happens when you inherit a house in Illinois? As much as you may want to keep an inherited house, sometimes you may be forced to consider putting it up for sale. Well, selling an inherited house can be … Continued

How to stay in my home after foreclosure in Chicago

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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

Is Owner Financing A Good Idea For The Seller In Chicago – 312-465-1556

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If you’re thinking about selling your house and you’re wondering what your options are, perhaps you’re exploring something called “seller financing” (also called “owner financing”). Owner financing is a little-known but very effective way to sell your house. And maybe you’re wondering, is owner financing a good idea for the seller in Chicago? That’s a … Continued

Understanding the Foreclosure Process in Illinois

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Understanding the foreclosure process in Illinois is an important part of navigating your own home foreclosure. Before we dive in… What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments. Foreclosure is no fun.  But just know that it’s not … Continued

Can I Sell A Private Mortgage In Illinois?

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There has never been a better time to sell a Illinois mortgage note or promissory note, so if you’re wondering “Can I sell a private mortgage in Chicago Illinois?” the answer is: you absolutely can! Interest rates are very attractive right now but that could change at any moment, and interest rates could start climbing … Continued

Can Appraisals Affect The Selling Price On A House In Chicago?

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If you’re thinking about selling your house then you are probably trying to figure out what your selling price might be. Part of that process is getting an appraisal (or valuation) on your home. So, if you’re wondering, “Can appraisals affect the selling price on a house in Chicago?” then keep reading… When selling your … Continued

How Chicago Landlords Are Dealing With Tenants Who Don’t Pay Rent

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Do you have tenants who just aren’t paying rent? It’s one of the most frustrating aspects of being a landlord. In this article, we’ll talk about how Chicago landlords are dealing with tenants who don’t pay rent… If you have tenants who aren’t paying rent then you’re facing the same dilemma that many landlords go … Continued

4 Tips to Flip a House in Chicago

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Have you always wanted to get started flipping houses? We have put these 4 tips to flip a house in Chicago the fast and easy way! Flipping properties can be an excellent way to see big profits. But before you dive right in, there are a few things you need to know that they don’t … Continued