Landlord/Tenant Issues - Thursday, May 22nd

 

-So you want to buy a 3-flat and rent out a couple units but have questions about being a landlord?  This is for you!

 

-You're a tenant trying to break your lease early?  Find out how!

 

-Don't know the difference between Section 8 and a scrambled egg?  Sorry can't help you...  Just kidding, Andy's got the answer!

 

If you don't know what your rights are then you don't know when they're being broken.  Bring your questions and your curiosity.

 

Widely regarded as Chicago's most attractive eviction defense attorney, Andy Dougherty graces LivingRoom Realty with his presence next Thursday for a rousing Q & A regarding landlord/tenant issues. 

 

Andy is a Staff Attorney with Cabrini Green Legal Aid Clinic where he oversees the Housing Law program.

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Demystifying The Crunch

NPR's This American Life program last week did a great job of explaining the recent credit crunch and current housing issues.  Listen to the podcast!  

 

 

 

 

 

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Market Update

 

Many analysts are predicting that the worst of the credit crunch is over. However, lenders are continuing to tighten their guidelines. Fannie Mae, the country's largest holder of conforming loans has recently announced that their guidelines are changing and they will scrutinize borrowers' credit more thoroughly.

Many borrowers are having an issue with a property being located in a declining market. There is no clear set definition regarding what area in Cook or surrounding counties is designated a declining market as each lender interprets this differently. There are still a few lenders who allow financing up to 97% and do not consider Cook County a declining market. It is important for all borrowers to take this into account.
 

*Rates provided by Dean Vlamis at Pearl Mortgage, 773-413-6256

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Our New Listings - Check 'Em Out, Tell All Your Friends!

 

Beautiful Bright '05 Gut Rehab City Sanctuary on Tree-Lined St in E. Ukrainian Village.

 

1502 W Ohio St #2F, Chicago

1BD/1BA + Office, Includes Garage Parking

Offered at $299,000

 

 

 

 

 

Recently Rehabbed Vintage Top-Floor Condo in Intimate East Village 3-Flat.

1467 W Huron St #3, Chicago

2BD/1BA

Offered at $329,000 

 

 

 

 

 

 

 

 

Interested in seeing either of these or have a friend that might?  Please give us an email or call 312.226.3020.

 

Thanks for reading! 

 

Annie & Abraham