Are Debt and Money Issues Impacting Your Quality of Life?

Debt is a fact of life for millions of Americans – but knowing that fact doesn’t always make it easier to deal with, on the day to day.  According to data from 2018, the average American reports having about $38,000 in personal debt, with that number going up to more than $135,00 for households. Personal debt can be brought on by any number of factors, and many people cite credit cards, mortgages, auto loans, medical bills, //READ MORE

2019-08-02T12:23:16+00:00 August 15th, 2019|Community|

Want to Become a Chicago Landlord? Keep These 5 Things In Mind

Have you ever found yourself wandering down a Chicago street when you notice a large red “For Rent” sign and think: “Hey, I could do that”? Chicago is one of the nation’s most bustling rental markets. And while large, multi-unit apartment complexes are common, much of the area’s rental stock also comes from smaller buildings. According to recent research from the Institute for Housing Studies at DePaul University, for instance, 2-4 unit buildings comprise about 27 //READ MORE

2019-07-19T15:43:56+00:00 August 1st, 2019|Community|

What is a Deed In Lieu of Foreclosure?

As a homeowner struggling with mortgage payments and facing the looming prospect of foreclosure, you likely have a lot of pressing questions as you try to consider all of your options. What can you do to help avoid the foreclosure process? Is it going to be possible to keep your home? Are there any courses of action that can allow you to quickly gain some relief from your mortgage obligation?  To that last point? Many borrowers //READ MORE

2019-07-12T16:39:59+00:00 July 23rd, 2019|Community|

What Does a Title Company Do?

Title is one of the most important things to understand about real estate in Chicagoland and around the country – and it’s also one of the most commonly misunderstood concepts, as well.  To put it briefly, title is the broad term used to describe who has the legal ownership of, and thus the right to sell, a certain piece of property. Before, during, and even after the sale of a home, there are certain types of //READ MORE

2019-07-08T14:20:08+00:00 July 18th, 2019|Community|

Co-Ops Vs. Condominiums in Chicago

Across Chicagoland, mid-rise and high-rise buildings make up a large part of the area’s housing stock. Chicago is the city that birthed the skyscraper, after all, and people here have always placed a significant value on homes that allow you to live in the clouds. Among Chicago’s multi-family buildings, you’ll find two different types of ownership available. Broadly speaking, buyers in Chicago can explore two different types of community-based living – condominiums and cooperatives.  Commonly shortened //READ MORE

2019-07-08T14:09:52+00:00 July 16th, 2019|Community|