Category: Real Estate

Avoid Bankruptcy: Chicago Area Upside Down Mortgage Relief

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…

Homebuilder Confidence Hits Five-year High

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,…