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Entries from January 2009

Cook County foreclosure cases up 36% last year

January 25th, 2009 · No Comments · News and Trends

Jan. 22, 2009
(Crain’s) — The number of foreclosure cases filed last year in Cook County climbed 36%, a slower pace than in 2007, when the residential mortgage crisis was seemingly at full throttle.
Almost 44,000 foreclosure suits were filed in Cook County Circuit Court in 2008, according to office of Circuit Court Clerk Dorothy Brown. In [...]

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Mayor Daley Announces Chicago’s 2009-13 Affordable Housing Plan

January 25th, 2009 · No Comments · News and Trends

Mayor Richard M. Daley today announced the City’s five-year plan which commits $2.1 billion in support of 50,022 units of affordable housing. 
“Especially in these difficult economic times, the market place simply cannot produce enough affordable housing to meet the needs of low-and-moderate-income individuals and families. Government has to play a role, and once again, we [...]

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The Real Estate Investors Creative Financing Ideas

January 9th, 2009 · 1 Comment · Real Estate Articles

For many years, the way to finance real estate was to make a 20% down payment, and get a loan for the remaining 80%. Of course you could make a higher down payment, but 20% was typically the minimum. Luckily, this standard has changed.
There are now several finance options available to the real estate investor. [...]

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