Yearly Archives: 2012

Chicago, IL - December 24, 2012 - (RealEstateRama) -- Attorney General Lisa Madigan today announced she has designated up to $70 million of funding from the national foreclosure settlement for housing counseling services and relief efforts for Illinois communities fraught with vacant and abandoned properties that have been hardest hit by foreclosure

Chicago, IL - December 18, 2012 - (RealEstateRama) -- Attorney General Lisa Madigan today sought to crack down on a new form of “mortgage rescue fraud,” filing lawsuits against two companies for preying on struggling homeowners and promising loan assistance while actually adding to their targets’ financial hardship

LAWRENCEVILLE - December 17, 2012 - (RealEstateRama) -- Families in Lawrence County now have more affordable housing options with the opening of Indian Trail Apartments in Lawrenceville, a development of duplex rental homes. The Illinois Housing Development Authority (IHDA) today helped celebrate the grand opening of the 44-unit development.

SPRINGFIELD, IL - December 7, 2012 - (RealEstateRama) -- Built as a result of Illinois Jobs Now! state capital funding, a new Springfield development is opening its doors – as well as opportunities – for people with disabilities. Hope Springs Apartments will offer hope for its 36 residents by providing a stable place for them to live and access to the supportive skills they need to live independently.

CHICAGO, IL - December 5, 2012 - (RealEstateRama) -- To continue Governor Pat Quinn’s commitment to make FREE foreclosure prevention and homeownership counseling available across the state, the Illinois Housing Development Authority (IHDA) today announced two new rounds of funding are available to enable community-based organizations to provide housing counseling to more families to protect their homes from foreclosure

Chicago, IL - November 27, 2012 - (RealEstateRama) -- Attorney General Lisa Madigan has sent a letter to the Federal Housing Finance Agency (FHFA), demanding the agency abandon a proposal that would unfairly penalize Illinois borrowers by tacking higher fees on new mortgages sold in the state.

Chicago, IL - November 20, 2012 - (RealEstateRama) -- Attorney General Lisa Madigan today joined 41 of her counterparts in calling on Congress to extend tax relief for homeowners who have mortgage debt canceled or forgiven because of financial hardship or declining home values.

Chicago, IL - November 19, 2012 - (RealEstateRama) -- In responding to the second report issued by the national foreclosure settlement’s independent monitor, Attorney General Lisa Madigan today outlined the direct relief Illinois borrowers have received as a result of the $25 billion settlement reached earlier this year with the nation’s five largest bank mortgage servicers over allegations of widespread “robo-signing” and other fraudulent practices involved in servicing loans of struggling homeowners.

JERSEYVILLE - November 15, 2012 - (RealEstateRama) -- For residents like maintenance worker John Boyd, Lexington Farms Subdivision’s wind and solar power yields utility bill savings to make living more affordable.

Torrance, CA - November 6, 2012 - (RealEstateRama) -- Lee & Associates, one of the largest and fastest growing full-service national commercial real estate providers, has closed a $7 million industrial sale at 2230-2300 Ridge Drive in Glenview, Ill.

Westmont, IL - December 21, 2012 - (RealEstateRama) -- Realty Executives of Illinois, Executive Council hosted "BOO~ling For Wishes" on Wednesday October 24. There were over 70 Halloween costumed guests in attendance for Cosmic Bowling, raffles, and a live auction at the Brunswick Zone.

CHICAGO, IL - October 29, 2012 - (RealEstateRama) -- As communities across the country look for ways to rebuild in the aftermath of foreclosures, a number of them in Illinois are getting a boost from an innovative program that has been recognized for excellence at a national housing conference.

CHICAGO, IL - October 29, 2012 - (RealEstateRama) -- When James Thomas Henry lost his job a year after buying a new townhouse, the suburban Bloomingdale resident feared he might also lose his home because he wouldn’t be able to make his mortgage payments.

SPRINGFIELD - October 25, 2012 - (RealEstateRama) -- Property manager Anthony Jones understands what veterans at the new Fifth Street Renaissance Veterans Shelter have been through because he’s lived it, too

CHICAGO - October 23, 2012 - (RealEstateRama) -- Nearly 700 affordable rental apartments will be built across Illinois, increasing housing opportunities for working families, seniors and people with special needs and disabilities, thanks to the allocation of federal tax credits approved by the Illinois Housing Development Authority (IHDA) board.