Monthly Archives: November 2013

WASHINGTON, D.C. - November 25, 2013 - (RealEstateRama) -- Last week, the Office of the Comptroller of Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) released final rules governing bank deposit advance loans. These products are similar to payday loans because of their triple-digit interest rates, short terms with balloon payments, and lack of underwriting requirements before approval.

BROOKPORT - November 25, 2013 - (RealEstateRama) -- Governor Pat Quinn today announced the delivery of nearly 300 pallets of donated supplies to help people in Brookport recover from the deadly tornado that damaged or destroyed more than 150 homes. Prior to the Nov. 17 tornadoes, the supplies were originally collected to provide assistance for people who were devastated by Typhoon Haiyan, but the Rizal Center has not yet been able to transport the goods to the Philippines.

SPRINGFIELD, Ill. — The Illinois housing market saw October home sales increase 3.7 percent over previous-year levels and median prices rise 13.8 percent, according to the Illinois Association of REALTORS

CHICAGO - November 18, 2013 - (RealEstateRama) -- Governor Pat Quinn today declared seven counties state disaster areas after severe storms generating tornadoes and high winds ripped across Illinois. Hundreds of homes and businesses have been damaged or destroyed, hundreds of thousands of people are without power, and numerous roads throughout the state have been closed by fallen trees and downed power lines. At least six people are reported dead and dozens more injured

Evanston, IL. - November 8, 2013 - (RealEstateRama) -- HOF Isiah Thomas recently acquired a Class A apartment building in Evanston, IL for investment purposes. The property is located at 525 Kedzie Street. It is a modern designed structure consisting of 20 residential units, 42 parking spaces, and 2 commercial spaces. The property was originally constructed in 2007 as a high-end residential condominium building for sale.

WASHINGTON, D.C. - November 6, 2013 - (RealEstateRama) -- U.S. Rep. Dan Lipinski (IL-3) today formally requested that the U.S. Department of Labor and the Bureau of Alcohol, Tobacco and Firearms begin an investigation into the circumstances surrounding the reported Nov. 4 blast at a Hanson Materials quarry in McCook that damaged nearby properties and alarmed residents throughout the region. In a letter, the congressman asks that both agencies “ascertain whether laws, regulations, and protocols may have been violated” regarding the purchase, storage and use of explosives