Mary Ellen Podmolik – Page 6

Illinois home sellers are required to complete two, and sometimes three, disclosure statements about a property's condition.

Key real estate terms every buyer should know

May 20, 2019 at 7:34 a.m.

Jumping into the real estate market is exciting and stressful all at the same time, and it's easy to gloss over some of the nitty-gritty terminology when you'd rather pay...

Fannie Mae accused of neglecting some foreclosed homes

June 15, 2018 at 5:23 p.m.

A national fair housing organization has filed a complaint with the U.S. Department of Housing and Urban Development, charging that Fannie Mae is not properly caring for and marketing foreclosed...

A home is listed for sale in the 1700 block of North Wolcott Avenue in Chicago on Wednesday, April 22, 2015.

Neighborhoods recovering, but some far faster than others

June 15, 2018 at 6:09 p.m.

Single-family home prices in Chicago's neighborhoods and Cook County's suburbs have come off the lows recorded during the depths of the housing crisis, but a great divide exists between the...

Along Larrabee Street just south of Division and north of Oak Street, workers start a project of luxury residences with an old sign for the Beeper store still painted on the building on April 23, 2015. The once-notorious Cabrini Green housing project has a new development plan, and building is underway on several projects.

What’s in a name? Developers hope NoCa and River South catch on

June 16, 2018 at 5:40 p.m.

Two new neighborhood names — NoCa and River South — may join the city's lexicon if developers planning projects on the city's Near West and Near South sides are able...

A warning for grads moving to Chicago: Rent may eat your paycheck

May 25, 2019 at 1:16 p.m.

Degree in hand and their professional lives just starting, college graduates moving to Chicago this summer may find those starting salaries don't stretch as far as they thought. In popular...

Loan modification programs extended again

June 15, 2018 at 5:36 p.m.

The federal government is extending for another year two programs designed to help homeowners who are at risk of defaulting on their mortgage or still owe far more on their...

The Cook County Land Bank Authority has identified 13 city neighborhoods and 13 west and south suburbs where it will aggressively buy vacant, abandoned single-family homes and small multifamily buildings and hold them, waiting for a buyer.

Land bank will take ‘calculated risk’ in 26 areas

June 15, 2018 at 5:48 p.m.

Humboldt Park is in. So are East Garfield Park and Woodlawn in Chicago and suburbs like Maywood, Matteson and South Holland. The Cook County Land Bank Authority has identified 13...

Whether you're the buyer or seller, there are ways you can find out more about your real estate agent before you hire.

Finding out more about a real estate agent before you hire

June 15, 2018 at 6:28 p.m.

Consumers looking to engage the services of a real estate agent this spring will find a lot more choices and new faces to consider. On average, the Illinois Association of...

"No initiative in any foundation lasts forever," said Julia Stasch, head of U.S. grant-making for the MacArthur Foundation.

MacArthur Foundation hopes others will focus on housing as it refocuses

June 15, 2018 at 6:47 p.m.

The John D. and Catherine T. MacArthur Foundation has invested $271 million to create and study affordable housing during the past 15 years, including $76.5 million in its hometown of...

A for sale by owner sign sits in front of a home in Richardson, Texas.

Homeowners cutting loan term, tapping equity

June 16, 2018 at 6:08 p.m.

The continued run of low mortgage interest rates is enticing more homeowners than homebuyers into new loans, as they look to shorten the time it takes to pay off their...

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