Frankfort Real Estate News
Real Estate news for Frankfort, IL continually updated from thousands of sources.
Thursday Sep 25 | via Chicago Tribune
The Cook County Land Bank may have as many as 30 properties in its portfolio by year's end, but it is aiming much higher for 2015 and expects Fannie Mae and Freddie Mac to help its efforts. The land bank is calling on the two agencies and their overseer, the Federal Housing Finance Agency, to provide a list of foreclosed homes owned by Fannie and Freddie, and then to consider donating those properties and paying for demolishing some. Comment?
Wednesday Sep 10 | via Chicago Tribune
Second-quarter single-family home prices rose more in suburban Cook County than in the city of Chicago, the first time that has happened since early 2013 and possibly a sign that the market's recovery outside ZIP codes that start with 606 is underway. That's one potential takeaway from a quarterly home price index calculated by the Institute for Housing Studies at DePaul University. Comment?
Aug 8, 2014 | via Daily Herald
A longtime medical clinic in Des Plaines has been evicted from the building that housed it, which is in foreclosure. Comment?
Jul 31, 2014 | via The Southtown Star
Existing housing developments are filling up in the Lincolnway area, such as Hibernia Estates in New Lenox, where crews work on one house and a foundation has been poured for another. Comment?
Jul 21, 2014 | via Patch.com
The following information comes from a July 18 village of Palatine e-newsletter. Comment?
4 hrs ago | via American Reporter
Developments in the United Kingdom and Italy may ease some bon and stock market pressures, but on the eve of an emergency G-7 Finance Ministers' meeting Friday, I will provide them with a list from my money prescription pad, which, like my kids, they will likely ignore. First, how we got here, or rather the last few days of how we got here. Comment?
Monday | via Illinoisreview
All posts, comments and statements made on IR are those of the authors only. Any disputes must be addressed to the writers, who are solely responsible for their posts, comments and statements. Comment?
Friday Sep 26 | via Chicago Tribune
From left, Lieutenant Governor Sheila Simon and Illinois Comptroller Judy Baar Topinka talk with members of the Tribune editorial board in the Tribune Tower Thursday in Chicago. From left, Lieutenant Governor Sheila Simon and Illinois Comptroller Judy Baar Topinka talk with members of the Tribune editorial board in the Tribune Tower Thursday in Chicago. Comment?
Tuesday Sep 23 | via The Capitol Fax Blog
Today, Cheri Bustos for Congress launched a new TV ad that highlights Cheri's fight to cut wasteful spending so we can protect Social Security and end tax breaks for corporations that ship Illinois jobs overseas. "Basketball" makes clear that Cheri's priority is to give the "middle class a fair shot." Comment?
Friday Sep 19 | via jdsupra.com
On July 16, 2014, Illinois enacted Public Act 98-764 , which amends the Illinois Mechanics Lien Act to prohibit subordination of mechanics liens on Illinois construction projects, unless such subordination is to a construction mortgage lien made after 50% of the construction loan has been disbursed to fund construction costs. SB 3023 represents continuation of a multi-year dispute in the Illinois legislature that arose from the Illinois Supreme Court's decision in LaSalle Bank N.A., v. Comment?
13 min ago | via Journalgazette.net
WASHINGTON U.S. home prices in July increased at the slowest pace in 20 months, reflecting sluggish sales and a greater supply of houses for sale. The Standard & Poor's/Case-Shiller 20-city home price index rose 6.7 percent in July from 12 months earlier. Comment?
15 min ago | via YoChicago
Foreclosure rates for the month of July in the Chicago metro area decreased sharply over the same period last year, according to newly-released data from CoreLogic . The CoreLogic data reveals that the rate of Chicago-area foreclosures among outstanding mortgage loans was 2.66 percent for the month of July 2014, a 36.5% decrease from July of 2013 when the rate was 4.19 percent. Comment?
17 min ago | via South China Morning Post
Economists at ANZ Bank noted that growth in China's crude steel output fell to the year's low in the first 20 days of September. Photo: Xinhua Growth in China's manufacturing sector held up in September but remained subdued in a sign that the world's second-largest economy is still struggling to recover its growth momentum. Comment?
30 min ago | via Wall Street Journal
A group of Wall Street investors on Tuesday suffered a blow in their attempts to sue the federal government over their treatment of the shareholders of mortgage finance giants Fannie Mae and Freddie Mac after the financial crisis. Comment?
30 min ago | via Wall Street Journal
News Corp agreed to acquire Move Inc., the third most-trafficked website network for property listings in the U.S., as the media company seeks to move more aggressively into the digital arena and expand its presence in the real-estate market. The $950 million, all-cash deal would represent the largest acquisition so far for News Corp since its publishing assets were spun off last year from the entertainment company that became 21st Century Fox. Comment?
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