Short Sale vs Foreclosure – What’s the Difference in Chicago?

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, IL? 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 you stop … Continued

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

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

What happens when you inherit a house in IL?

Inheriting a house is one of the few big surprises that life brings us sometimes. But what happens when you inherit a house in IL? 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

Why Won’t My House Sell In Chicago?

You’re trying to sell a Chicago IL house that just won’t sell? And yet – the news says the real estate market is heating up. The media is practically shouting again about multiple offers, high demand, and record-setting prices. So where’s your contract? These tips could be just what you need to help you sell your Chicago … Continued

Foreclosure notice of default in IL– 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

The State of the Market for Buyers in Chicago IL

Is it still a buyer’s market today in Chicago? As experts in the Chicago real estate market, we get asked this question a lot. The answer isn’t as simple as yes or no. The State of the Market for Buyers in Chicago IL First off, it really depends on the property type and location. Single-family … Continued