The next mortgage payment on Christine O’Malley’s Grayslake townhouse is due Monday, but she’s probably not going to pay it. “I’ve been on my own since I was 18, and I’ve always paid my bills,” says O’Malley, 53. She is employed as a co-owner of an e-learning company, says she has credit scores in “the high 700s, 800s,” and has been trying to sell the three-bedroom townhouse for more than a year…
List Price: $950,000
Sale Price: $949,900
The Property: When I wrote about this Lincoln Park house in October 2009, Brickyard Bank, which had foreclosed on it, had just put the home through a facelift to make it more marketable…
List Price: $3.895 million
The Property: The distinguished Chicago architect Avi Lothan says he designed this Lincoln Park home for his family with his eye on the interplay between indoor and outdoor spaces…
Some Chicago-area homeowners at risk of foreclosure may get the lifeline they need from the new $100 million Mortgage Resolution Fund, announced by Governor Quinn this past Friday. “We’re going upstream to stop further houses from becoming vacant,” says Bill Goldsmith, the president of the newly formed MRF…
List Price: $3.2 million
Sale Price: $3.1 million
The Property: A custom-built, 11,000-square-foot house on a little more than two acres in the far western suburb of St. Charles commanded the town’s highest home price in five years when it sold July 1…
Why underwater owners are still years away from resurfacing
Northbrook builder erects final structure in South Side quartet
No half measures in Loop condos
List Price: $599,000
The Property: All that remains of what in the early 20th century was the Riverside estate of the entrepreneur and horse breeder Henry Babson is three service buildings—and one and a half of them are on the market…
Research by the Latino Policy Forum indicates that Chicago-area Latinos get rejected for conventional home loans at nearly twice the rate of the region’s general population. While about 15 percent of Chicago-area residents applying for a home loan were turned down, the forum’s research revealed that almost 30 percent of Latino applicants were denied…
