Author: Marina

Summary of Real Estate Related Provisions in the“Fiscal Cliff” Bill

  To everyone who is interested in Real Estate “fiscal cliff” updates. The Mortgage Debt Forgiveness Act was extended through 2013. This is good news for short sale sellers, who will continue to be an important market segment in 2013. Sellers whose lenders forgive mortgage principal in the sale process and who close in 2013… READ MORE

6811 Prairie Street #6811, Morton Grove, IL

    Check out this brand new end unit. 1721 square feet. This 3 bedroom, 2.5 bath, Camden plan features hardwood flooring, granite counter tops – kitchen and baths. Upgraded ceramic tile and all clean steel appliances! 2 car garage and balcony. FHA approved. Beautiful unit! A must see!   This property price has been… READ MORE

Mortgage Applications Remain Near Three-year High

The Mortgage Bankers Association’s seasonally adjusted index of mortgage application activity fell 1.2 percent in the first week of October. The index measures mortgage applications for both home purchases and refinancing; the former rose, while the latter dropped. Refinancing applications fell 2 percent, but even with the decline, the volume of applications still remains close… READ MORE

Experts Optimistic on Housing Recovery After Foreclosures Reach Five-year Low

Many people have failed to notice that the real estate market is starting to show surprising signs of strength. The latest piece of good news has come from a report by RealtyTrac, an internet company that specializes in the foreclosure market. According to their most recent numbers, year-over-year foreclosure filings fell by 16% in September,… READ MORE