Monday, March 25, 2013
Sheriff Tom Dart says CHIProperties has been issuing "highly illegal" notices to a number of Cook County residents.
Cook County Sheriff Thomas J. Dart directed a Chicago-based property management company to immediately cease and desist from providing tenants in Cook County, who reside in properties that are the subject of foreclosure proceedings, with illegal notices that contain threats and misleading, inaccurate information. CHIProperties of Chicago has been posting notices telling rental residents they are considered trespassers and must call immediately to make arrangements to move out. The posting also says an eviction process has started—even if an eviction suit has not yet been filed in Circuit court. “This notice is illegal, highly deceptive, and amounts to a constructive eviction in apparent violation of various federal, state and local laws, …
Friday, July 6, 2012
Keep up to date on the latest real estate action in Palos.
Tuesday, October 26, 2010
There are some options for homeowners to refinance or sell, even if they owe more on their mortgage loans than what their homes are worth (Part 2 of 2)
John Horton has one piece of advice for homeowners in the Palos-area who want to refinance their mortgage loans but can't because they owe more on them than what their homes are worth: Call your current mortgage lender. "Lenders don't want things to turn out bad for the people whose mortgage loans they are servicing," said Horton, senior vice president and sales manager at Hickory Hills-based Standard Bank & Trust Mortgage Group. "A lot of times, the lenders might be willing to work with people on a refinance even if they don't have the equity in their homes that lenders usually require. Being underwater today certainly isn't a unusual problem. It's one of the biggest issues in the lending industry today." Underwater homeowners -- those …
Monday, October 25, 2010
The communities of Palos have their share of homeowners who owe more on their mortgage loans than what their homes are worth (Part 1 of 2)
Chuck Toland may not have any statistics to back him up, but he's certain that a significant number of homeowners in the Palos-area are underwater, owing more on their mortgage loans than what their homes are worth. Toland knows this because, as vice president of The Money Shop, a mortgage company based in Palos Heighst, he often receives their calls. "We've seen a lot of people here who are underwater," Toland said. "Home prices have gone down everywhere. When that happens, you're going to get people who owe more on their loans than what their homes are worth. It's a rough situation for homeowners to be in." The Palos-area is far from alone: A spokesperon from CoreLogic, a data company that tracks the percentages of homeowners with …