Real Estate Matters: Inherited townhouse causes sibling divide Q My sister and I inherited a town home when our father died last year. A Realtor has estimated the current value to be about $160,000, with no mortgage on the property. The will stated that we each get half of the property. The town home has been for sale on and off since April 2009. We've had three contracts on it, but all have fallen through because the buyers really did not have the money.
Churchill Club visitors can sample resort lifestyle Churchill Club, a family-oriented clubhouse development in Oswego, will offer free lunches on the last Saturday of July and August for those who want to sample the resort lifestyle at the community and view two new Arlington Series models.
The cost of walking away from a mortgage Owing more on your mortgage than your house is worth may seem like a bad investment. But the alternative, choosing to default on your mortgage even if you can afford the monthly payments, will take a significant toll on your credit rating.
Chicago voters would be asked to decide whether the city should make banks pay transfer taxes when they take a home through foreclosure under a proposal approved Wednesday by a key City Council committee.
Hawks player buys condo downtown Chicago Blackhawks right winger Marian Hossa has paid $2.35 million for a three-bedroom, 3,940-square-foot condo unit in a Streeterville high-rise.
Proposal asks Chicago residents to 'out' vacant buildings Unable to keep tabs on every vacant, untended building within Chicago, the city may be getting ready to ask neighborhood residents for help, and they'll get paid for their efforts.
Can landlord use prepaid rent to pay for tenants' damage? Q: The rental market in my city is tight, and it's common for applicants to offer many months' prepaid rent as an incentive for landlords to rent to them. I accepted six months' rent from a couple who signed a year's lease, then left after a few months. The damage they left behind was more than the security deposit could cover. Can I use the balance of the prepaid rent to make up the difference?
