Archive for December, 2007

Residential Real Estate Podcast: December 2007

Sunday, December 9th, 2007 Posted in Uncategorized | No Comments »

Audio program length 5 1/2 minutes.This month's podcast talks about trends in residential real estate particularly as they relate to buyers in Hinsdale, Western Springs, Clarendon Hills, Burr Ridge, La ... Read more..

Is Your Historic Illinois Residence Eligible For A Tax Freeze?

Friday, December 7th, 2007 Posted in Uncategorized | No Comments »

The Illinois Historic Preservation Agency runs a program for Illinois homes whereby certified historic homes may qualify for a freeze on their real estate tax assessment. The primary goal of ... Read more..

Subprime Bailout Plan Slated To Rescue 1,200,000 Borrowers

Thursday, December 6th, 2007 Posted in Uncategorized | No Comments »

In a plan which is intended to assist 1,200,000 American borrowers, the Bush administration unveiled today a "teaser freeze" plan which will freeze the initial (teaser) rate of adjustable rate ... Read more..

Current Asking Prices And Marketing Times For Towns In Chicago’s Western Suburbs

Wednesday, December 5th, 2007 Posted in Uncategorized | No Comments »

Effective December 3, 2007, per the Multiple Listing Service of Northern Illinois, following are the the current asking prices and days-on-market for detached houses in each of the core western ... Read more..

Congressional Solution For Subprime Housing Bailout

Tuesday, December 4th, 2007 Posted in Uncategorized | No Comments »

On December 1st the feds announced a preliminary bailout plan for mortgage borrowers in distress. The plan will give the banking community the ability to modify alter and or relocate these borrowers to ... Read more..

Illinois Radon Disclosure Law Goes Into Effect January 1, 2008

Monday, December 3rd, 2007 Posted in Uncategorized | No Comments »

Beginning January 1, 2008, sellers of residential properties in Illinois are required to provide two sets of documents to buyers of their home:  "Testing Guidelines for Real Estate Transactions” and ... Read more..

Bush Administration Has Plan To Freeze Subprime Interest Rates

Saturday, December 1st, 2007 Posted in Uncategorized | No Comments »

The largest financial institutions and the White House are in advanced talks with a plan that would allow for a temporary freeze on the interest rates of subprime loans on ... Read more..