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New FHA rules loosen association requirements
Greater numbers of condominiums now qualify for mortgage financing insured by the Federal Housing Administration. That's because this month the U.S. Department of Housing and Urban Development, which oversees the FHA, loosened its requirements for...
Tags: Services and Shopping, Real Estate, Chicago Mortgages, Mortgages, Financial and Business Services
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Lifting rental restriction could put association at risk
Q: We are a small condominium complex with a rental limitation. In an effort to protect our investments, owners amended the declaration to allow no more than 30 percent of the units to be rented at any one time for two years. At the end of the two-year...Tags: U.S. Postal Service, Finance, Politics, Condos, Elections
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Is board close-minded about open meetings?
Q: I am a member of a large multi-unit condominium association. To what extent is our association governed by the open meetings act? Can resident owners be permitted to ask questions or make reasonable comments to board members or the property manager...
Tags: Housing and Urban Planning, Interior Policy, Politics, Condos, Real Estate Buyers
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Condo policies can help or hurt property values
It takes more than a neat, attractive condominium or town house to make a sale at a fair price. Buyers have heard the horror stories of steep special assessments and deteriorating buildings. They expect the association to make a good impression as well as...Tags: Property, Religion and Belief, Realty, Finance, Lobbying
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Condo prices cut in Lake Park Crescent closeout
A closeout sale of five condominium units is under way at Lake Park Crescent, a 68-unit condo and row home development in Chicago's North Kenwood-Oakland neighborhood. Gordon Ziegenhagen, vice president of developer Draper and Kramer, said more than 25...Tags: Condos, Kenwood, Oakland (Chicago, Illinois)
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Lending industry not ready to ease strict mortgage standards
WASHINGTON — With home prices rising in many markets around the country, might mortgage lenders start loosening up their hyper-strict underwriting rules and extend loans to buyers who now find themselves on the sidelines? Could current...Tags: Fannie Mae, Finance, The Washington Post, Mortgages, Homes
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Two U.S. agencies try to get lenders to ease tough mortgage rules
WASHINGTON — Two federal agencies with far-reaching influence over the mortgage market are working on a problem that could affect the ability of many consumers to obtain a home loan: How to encourage private lenders to ease up on their...Tags: Medical Procedures and Tests, The Washington Post, Freddie Mac, Health, Economy, Business and Finance
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President Obama speaks at Roanoke campaign event
The road to the White House clearly goes through our viewing area. Before an estimated crowd of 3,040 people, President Barack Obama gave a campaign speech Friday evening in downtown Roanoke. Obama, who is seeking a second term as president against...
Tags: George Allen, Mitt Romney, Barack Obama, Politics, John McCain
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Glendale, Burbank home market still stalled
A lack of consumer confidence and high number of homeowners who owe more on their homes than they're worth continue to keep the housing market from making a recovery. But burgeoning buyer demand is leading to bidding wars that are pushing up median sale...Tags: Services and Shopping, Real Estate, Real Estate Sellers, Inventories, Homes
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High foreclosures earn Chicago spot in FHA program
The Federal Housing Administration said Wednesday it has tapped the Chicago area, along with three other housing markets hit hard by foreclosures, for a pilot program designed to stabilize neighborhoods and slow the increase in abandoned homes. The...
Tags: Tampa, Berwyn, South Holland, Maywood (Cook, Illinois), Chicago Heights
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German bank under fire in Florida and at home
In hundreds of cases, the money trail from foreclosed and abandoned homes in South Florida leads across the Atlantic to Germany and this country's largest investment bank. Deutsche Bank was a heavyweight financial player during the American mortgage...
Tags: Sales, Religion and Belief, Germany, Politics, Foreclosures
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Lakeshore East high-rise on track for February opening
Lakeshore East's eighth residential high-rise tower is on schedule for a February opening. Coast is a luxury rental property under construction at 345 E. Wacker Drive in Chicago, on the northwest corner of the $4 billion, 28-acre master-planned...
Tags: Media Industry
Sep 27, 2012
|Column| Chicago Tribune
Sep 27, 2012
|Column| Chicago Tribune
Sep 20, 2012
|Column| Chicago Tribune
Sep 20, 2012
|Column| Chicago Tribune
Aug 23, 2012
|Story| Chicago Tribune
Aug 5, 2012
|Story| Los Angeles Times
Jul 8, 2012
|Story| Los Angeles Times
Jul 13, 2012
|Story| WDBJ7
Jul 14, 2012
|Story| Glendale News Press
Jul 18, 2012
|Story| Chicago Tribune
Jul 15, 2012
|Story| South Florida Sun-Sentinel
Jul 19, 2012
|Story| Chicago Tribune
Original site for Federal Housing Administration topic gallery.
