Archive for July, 2010
Foreclosures a blight on market
That house down the street that just went into foreclosure wasn’t just bad for your neighbor. It’s gnawing at the value of your own home. Sales figures show that foreclosed homes generally trade for a 40 percent discount compared with homes sold the co…
Investment group profits $40K per home it turns around
When foreclosures pop up like mushrooms, it’s poison to mortgage lenders. Others, though, feast on the crop.Investor groups large and small have emerged to scour foreclosure listings for investment. Many are small and quiet, trying one house at a time….
Sale clears way for Safeworks to expand in Champaign, Chicago
CHAMPAIGN An occupational-health center has plans to expand its space and services in the area. read more
Cuban’s role in Rangers auction not clear
TOM FOX / DMNWhen the Rangers finally move to auction next week, as ordered Friday by U.S. Bankruptcy Judge D. Michael Lynn, it appears Mavericks owner Mark Cuban will leave with something one way or another.
Foreclosures Continue To Increase Dramatically In 2010
In a very alarming sign for the U.S. economy, foreclosures have continued to dramatically increase in 2010. But there has been a shift. Back in 2007 and 2008, experts tell us that most foreclosures were due to toxic mortgages.
Glimcher offering raises $96M after costs
Real estate investment trust Glimcher Realty Trust said Friday a recently completed public offering of 16.1 million common shares generated about $96 million, after commissions, discounts and expenses.
Foreclosure forcing sale of funeral home once owned by Fretti
By JON CHAVEZ BLADE BUSINESS WRITER The funeral home that had been owned by the late J. Jeffrey Fretti, whom state regulators had investigated for misusing about $180,000 in advance funeral payments, is for sale at a foreclosure auction set for Aug. 31…
Owner sells home to neighbors: Is Realtor’s commission owed?
Q: My daughter needed to sell her home. When her neighbors learned the house would be for sale, they said they would like to buy it and an agreement was reached.
Tollway oases up for bid again
A contract to lease seven Illinois Tollway oases will be put up for public auction late next month after the operator of the previous lease was foreclosed upon. A judgment of foreclosure and sale was entered in Cook County Circuit Court against Wilton …