Rodkin on Getting a Mortgage After a Deed in Lieu of Foreclosure
Readers ask questions, and our real estate expert answers. This week, a reader named Sharon asks about her chances of getting a future mortgage after a deed in lieu of foreclosure.
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Former Tribune CEO Randy Michaels Sells at a Loss
List Price: $889,000
Sale Price: $810,000
The Property: On Friday, the former Tribune CEO Randy Michaels sold his top-floor condo at 240 East Illinois. Michaels initially listed the 1,637-square-foot condo for sale in January, asking $989,000…
The Fourth Cut Brings Forth Bidders in Southport Corridor
List Price: $1.599 million
Sale Price: $1.599 million
The Property: When it hit the market in June, this home in the Southport Corridor was sure to get noticed, with its façade of many materials, its six outdoor terraces, and its style-setting interior finishes…
A Lincoln Park House of Unknown Origin
List Price: $4 million
The Property: Although it’s one of the biggest and most eye-catching homes on a Lincoln Park street lined with landmarks, there is very little known about the origins of today’s house. That’s surprising, because someone in the early 1890s did a fine job of creating a distinctive home with a broad façade of rough-hewn stone capped by a turret and a mansard roof…
Going Green Made Easier
In 2008, Laura Reedy Stukel set out to do an environmentally sensitive rehab of her Elmhurst home. “I spent two hours a night for months researching windows and whatever,” she recalls. “It was impossibly complicated…”
Rodkin on When the Housing Market Will Bounce Back
Readers ask questions, and our real estate expert answers. This week, a reader named Mabel asks for a realistic forecast of when the housing market will bounce back.
Another House Sale Related to Blagojevich Scandal
List Price: $1.87 million
Sale Price: $1.55 million
The Property: This 103-year-old Tudor-style home in Glencoe was sold last week by P. Nicholas Hurtgen, a former investment banker involved in the influence-peddling scandal surrounding former governor Rod Blagojevich…
Looking Good, Inside and Out, at the Fordham
List Price: $1.995 million
The Property: There’s a tasteful three-bedroom condo for sale on the 42nd floor of the Fordham, the 50-story condo tower at 25 East Superior Street, but some of its appeal comes from what lies outside its walls—as well as what doesn’t…
Zillow’s Third-Quarter Report on the Chicago-area Housing Market
It’s hard to be a glass-half-full person about real estate with five years of declines behind us and at least another year of bleakness in the forecasts. But the third-quarter data released by Zillow this week does show where the bright spots are on the Chicago-area map…
Rodkin on Deficiency Liability in a Short Sale
Readers ask questions, and our real estate expert answers. This week, in a follow-up question to last week’s, a reader named Barry asks if the deficiency in a short sale can be held against both parties on the title if one of them is bankrupt.