Illinois RealEstateRama

ROCK ISLAND, IL - September 22, 2011 - (RealEstateRama) -- A new housing development opened today in Rock Island that will provide affordable and quality apartments for persons with special needs so they can live in a community setting.

CHICAGO, IL - September 22, 2011 - (RealEstateRama) -- Chicago region foreclosure cases are taking longer to complete the foreclosure process, resulting in a dramatic drop in foreclosure completions from the first half of 2010 to the first half of 2011, new data from Woodstock Institute show. As fewer cases complete the foreclosure process each quarter, it is likely that the number of homes tied up in the foreclosure process is growing.

SPRINGFIELD, IL - September 21, 2011 - (RealEstateRama) -- According to the Illinois Association of REALTORS® (IAR) latest report, statewide home sales (including single family and condominiums) in August 2011 totaled 10,622 homes sold, up 25.9 percent from 8,434 home sales in August 2010. The statewide median price in August was $149,000, down 5.4 percent from $157,500 in August 2010. The median is a typical market price where half the homes sold for more, half sold for less.

CHICAGO, IL - September 16, 2011 - (RealEstateRama) -- Governor Pat Quinn today announced a program to help approximately 15,000 Illinois homeowners threatened by foreclosure. The Illinois Hardest Hit program utilizes $345 million in federal funds to support working families having trouble making mortgage payments due to unemployment or under-employment.

CHICAGO, IL - September 15, 2011 - (RealEstateRama) -- Those looking to own a great new home in Chicago will have an unparalleled opportunity this fall when the remaining 81 homes in five new Chicago real estate developments will be offered at greatly reduced prices and with great incentives.

August 31, 2011 - (RealEstateRama) -- Mayor Rahm Emanuel today announced the Micro-Market Recovery Program, an innovative new program for Chicago that will address foreclosures and stabilize property values in key neighborhoods throughout the city.

SPRINGFIELD, IL - August 30, 2011 - (RealEstateRama) -- A new law signed this week by Governor Pat Quinn allows Illinois landowners or lessees the option of using purple paint markings on trees or posts on their property as a “no trespassing” notice. The “Purple Paint Law” is designed as an alternative which Illinois landowners can use to protect their property from trespassing.

CHICAGO, IL - August 29, 2011 - (RealEstateRama) -- August 26, 2011. As part of his ongoing commitment to consumer protection, Governor Pat Quinn today signed legislation that will enhance safeguards for borrowers and tenants. The new laws will give the Illinois Commerce Commission (ICC) increased oversight of entities that repossess collateral in the case of defaulted loans. They will also strengthen tenants’ rights to their security deposits after a change in property ownership.

SPRINGFIELD, IL - August 26, 2011 - (RealEstateRama) -- REALTORS® and other real estate professionals from throughout Illinois will gather October 11-13, 2011, for the Illinois Association of REALTORS® (IAR) 95th Annual Convention and Expo at the Pheasant Run Resort in St. Charles.

Chicago, IL - August 18, 2011 - (RealEstateRama) -- RE/MAX Property Source, Rockford, which is part of the RE/MAX Northern Illinois real estate network, has expanded into Belvidere, Ill., where it has acquired the local office of RE/MAX Key and renamed it RE/MAX Property Source. The office has been relocated to 411 S. State St. in downtown Belvidere, the former office of State Rep. Ron Waite.

SPRINGFIELD, IL - August 18, 2011 - (RealEstateRama) -- According to the Illinois Association of REALTORS® (IAR) latest report, statewide home sales (including single family and condominiums) in July 2011 totaled 9,708 homes sold, up 18.4 percent from 8,197 home sales in July 2010. The statewide median price in July was $153,000, down 3.8 percent from $159,000 in July 2010. The median is a typical market price where half the homes sold for more, half sold for less

August 15, 2011 - (RealEstateRama) -- Three metro-east residents recently pled guilty in United States District Court in East St. Louis, for participating in a conspiracy to defraud the United States and evade the payment of federal income taxes, the United States Attorney for the Southern District of Illinois, Stephen R. Wigginton, announced today. Robert Todd McKinney, 42, and his wife Belinda McKinney, 43, pled guilty on August 11, 2011. John Quinn McKinney, 39, pled guilty on August 9, 2011; while his wife, Chamethele McKinney, 36, pled guilty on August 3, 2011. Robert (Todd) McKinney and John McKinney were both convicted of conspiracy to commit tax evasion, tax evasion, and making false statements to federal officials. Belinda McKinney was convicted of conspiracy to commit tax evasion and loan application fraud. Chamethele McKinney was previously convicted of conspiracy to commit tax evasion, loan application fraud, and federal food stamp fraud.

Chicago, IL - August 2, 2011 - (RealEstateRama) -- The Chicago City Council today approved eight ordinances supporting neighborhood amenities, business development, affordable housing and historic preservation

WASHINGTON, DC - July 28, 2011 - (RealEstateRama) -- Today, U.S. Representative Mike Quigley (IL-05) testified that his bill—the Federal Real Property Disposal Enhancement Act—would save the federal government billions of dollars simply by selling or disposing of unwanted government-owned property. Quigley spoke in front of the House Committee on Oversight and Government Reform on behalf of the legislation, which he introduced in March.

SPRINGFIELD, IL - July 22, 2011 - (RealEstateRama) -- According to the Illinois Association of REALTORS® (IAR) latest report, statewide home sales (including single family and condominiums) in June 2011 totaled 11,003 homes sold, up 12.7 percent from 9,761 sales in May 2011; sales were down 16.3 percent from 13,144 homes sold in June 2010.