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Real estate closing delays easily make an already stressful process even more tense. Waiting for your new home to close is an involving process.
When a parent dies, it is important to be aware of your options, as well as the steps needed to take care of their estate. That includes dealing with potentially selling an inherited property. To help ease the stress of the situation, it is important to understand what to do next.
The housing market has seen an interesting past year and it is resulted in an extremely competitive market that sees homes sold for more and sold very quickly. That means, if you decide to buy a home now, you need to know what you are doing to stay ahead of everyone else.
Nobody would blame you if you looked at today’s housing market and became worried at what you saw, after all there are a lot of similarities between now and the housing bubble collapse of 2008.
Learn more about the most common ways that you can invest in real estate, actively or passively, in order to bring on an additional form of income.
With COVID still active around the country, many landlords are facing a crucial moment as eviction moratoriums extend with many tenants many months behind on paying rent. Now more than ever, you need to stay informed about evictions and what you can do about them during COVID.
As millennials approach ages of financial stability, many are finally moving into the housing market and, in the past year, they have become the largest share of home buyers in America.
2020 was chock full of historic events that left mortgage rates at record lows for much of the year.
In a statement, lawmakers recently announced that Deferred Action for Childhood Arrivals (DACA) recipients will now be fully eligible for FHA (Federal Housing Administration) loans, making it more accessible for many to buy real estate in the United States.
With a tumultuous economy and lots of uncertainty on the horizon, it’s no surprise to find interest in short sales has increased, as Americans look to find financial relief from mortgage payments.
Many are left wondering how the Chicago real estate market will rebound from months of closures and low traffic. With progressing coronavirus vaccinations and pandemic restrictions potentially lifting, this concern is even more prevalent.
Thriving Lake Forest real estate has led to the rise in this Chicago suburb’s popularity as of late. Although Lake Forest once received little to no attention in the real estate world, it is now the “talk of the town” throughout Illinois.
Here’s how uncertain times and changes in preferences have led to the thriving Lake Forest real estate scene.
Homebuying in Lincolnshire, Illinois is an exciting experience as you search for the perfect place to call home.
But be sure to follow these simple do’s and don’ts to make sure you get the best mortgage and are well prepared before you sign on the dotted line.
When looking for your next home mortgage, you may not realize that you may have an option to go with a completely paperless mortgage if your lender offers this service and if the Recorder of Deeds in your county accepts electronically signed documents for recording.
This means digital documents, limited in-person interactions, and a theoretically faster process overall. So, how does it work and what are the main benefits of going paperless with your next home mortgage?
Real estate suburban migration has been a hot topic throughout the real estate industry nationwide.
This year has been difficult for everyone and many people are looking for a new home for reasons like a change of scenery, the relative peace and quiet of the suburbs, or to chase a new job. With that comes new trends in home buying and a shift in the home buying process.
As the coronavirus continues to rage across the land, mortgage modifications are becoming more and more frequent.
The pandemic has presented many challenges for everyone, especially for those who find themselves struggling to pay their mortgage. Though there are programs in place to help—both from the government and lenders themselves—not everyone will qualify.
Here are your options for seeking mortgage modifications or your options if you do not qualify. Most importantly, reach out to your lender to see what options might be available to you.
Post-pandemic foreclosures in Chicago are expected to rise throughout the coming months.
Although the majority of the United States is experiencing an unexpected but welcome positive rise in housing prices, the same cannot be said for certain areas of the country. Chicago and the surrounding areas, unfortunately, have not experienced the bright side of the coronavirus housing market, with multiple counties in Illinois negatively affected and currently seriously at risk of detrimental post-pandemic levels of foreclosure.
Real estate bankruptcy has seen recent spikes.
The rising unemployment levels following the outbreak of the COVID-19 pandemic, and the associated implications of the economic downturn, is leading to significantly higher numbers of tenant closures and lease defaults.
Buying a house is almost always a stressful event, particularly so if you are a new prospective homeowner. Your real estate agent or broker is supposed to help you along the road to becoming a homeowner, but for some, racially discriminatory practices by the few unscrupulous agents and brokers in New York has tainted the home buying experience.
COVID-19 continues to remain an interesting backdrop for recent and ongoing litigation. With millions affected economically by government shutdowns, there continue to be plenty of disputes within the real estate industry and elsewhere.
