Recent Posts in short sale Category

'Hidden Time Bomb' Could Leave Thousands of Homeowners with Hefty Tax Bill

We mentioned on Wednesday that one benefit of filing Chapter 7 bankruptcy is the elimination of tax liability on a mortgage deficiency. However, the Los Angeles Times reported on September 7, 2012, ...
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Chicago Home Prices Rise For Month

Chicago led the way of eight cities posting month-to-month gains in a June report from the Case-Schiller Home Price index. While Zacks.com reported on August 30, 2011, that Chicago rose 1.32 percent ...
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Founder of Failed New Century Bank Faces Foreclosure on Personal Condo

Faye T. Pantazelos, founder of New Century Bank, has failed to make payments on her condominium loan since December 2010. There is no mention of her seeking foreclosure help or a short sale. Her bank ...
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Delinquent Homeowners Stay in their Homes up to 15 Months

Illinois homeowners who are facing the foreclosure process have up to 494 days to stay in their homes before eviction. The time between filing and eviction has increased since the first quarter of ...
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Foreclosures Represent 29 Percent of Home Sales in the First Quarter

Almost 30 percent of all homes sold in Illinois during the first quarter were foreclosures. This number is down considerably from the first quarter of 2010. The 5,529 homes were sold as foreclosures ...
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Illinois Attorney General Expands Probe of Foreclosure "Robosigners"

The Illinois Attorney General's office is expanding its probe of alleged "robosigning" of mortgage foreclosure documents. On May 25, 2011, the office announced subpoenas to two Florida-based mortgage ...
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