Not long ago, we met a couple who, unfortunately, were in the midst of a contentious divorce. As their divorce dragged on through the court system, their mortgage became an early casualty making them a target for an assortment of proposals to help get them out of debt and avoid foreclosure on their home.
They tried to sell their home first by owner, then through one real estate agent, and…
Like many people in the Chicago area that are upside down in their mortgages, we found a client who was clearly in trouble and searching for relief. His first mortgage was ok, but his second mortgage made him financially inverted with respect to his property value. Prior to meeting with the real estate team at Kathcon, he wasn’t aware that there was a program that could offer a real solution…
Recently, a Chicago area couple, and distraught homeowners, contacted Kathcon Real Estate looking for solutions to sell their home. They had been unsuccessful in their attempts to sell the home for too long. Their home was an older home and functionally obsolete compared to the newer homes that were recently built in their neighborhood. We determined that the best course of action was to market…
Like many other areas throughout the country, the Chicago area new home construction market has experienced many set-backs in recent years. During this time a number of new home technologies seem to have been placed on hold, like many panelization firms.
In this buyers market of 2012, people who are building new homes today are taking advantage of some of the lowest interest rates ever, and…
A title company will insure that your new construction project will have all of the proper documentation and insurance throughout the construction process. Make sure your financial investment is insured and protected before, during and after the construction process.
Beware of a builder who pays directly from his/her checkbook. If everything goes right you will have nothing to worry about, but…
The best way we have found to ensure the financial safety of a client is to have the client own their lot outright. Whether buying in one of our Chicago area subdivisions, a tear down site, or a random vacant lot, it is far more important that the client purchase the home site before engaging a builder.
A “bundle of rights” comes with ownership, and that means that anything placed on…
Source: The Associated Press
Confidence among U.S. builders ticked up this month to a five-year high, an indication that the housing market is slowly improving.
The National Association of Home Builders/Wells Fargo builder sentiment index rose in June to 29, the highest reading since May 2007. It increased from a reading of 28 last month, which was revised down one point.
The index,…