Foreclosure Bus Tours Find Home in Chicago Suburbs

The Tanis Group in West Dundee will hold its third foreclosure bus tour this weekend, offering a unique opportunity for those searching for a great deal on a home.

One local real estate company is offering a unique way to find a great deal on a home. Picking up on a trend that has been popular in other parts of the country, Tanis Group Realty in West Dundee held its second foreclosure bus tour last month and will hold its third bus tour this Sunday.  During the most recent tour, more than 30 residents and potential investors boarded a luxury bus and were taken to different foreclosed homes throughout the area, including homes in Lake in the Hills, Algonquin, said Doug Kozlowski, a real estate agent at Tanis Group. Most of the homes were under $100,000.  The main purpose of the tour is to educate those interested in purchasing a foreclosure on the intricacies of buying HUD homes.  “The point of the …

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Joseph Mueller

2:21 pm on Wednesday, October 31, 2012

Your statement is incorrect, only HUD registered brokers can submit offers on HUD properties. Our intention is just that, acting as a broker for HUD, we are employed to educate, market, and sell for HUD. There is no reference to steering in any of our statements and by definition I believe you are speaking out of context as we are not pushing consumers to avoid or purchase in certain areas or …   more ›

Foreclosures on the Rise in Algonquin, LITH

RealtyTrac.com reports a total of 1,428 new foreclosure filings in Algonquin and Lake in the Hills over the past six months.

Illinois, and in particular, the Chicago suburbs have been following an unfavorable trend lately as foreclosure rates remain high throughout the state. While an average of one in every 730 housing units received a foreclosure filing in September throughout the country, one in 376 housing units received foreclosure filings in Illinois last month. In August, the state had the highest foreclosure rate in the country, according to a BusinessWeek article. RealtyTrac currently ranks Chicago as the highest foreclosure city in the nation.   Closer to home, McHenry County had one of the highest per capita rates for foreclosures in the state last month, with one in every 195 housing units receiving a foreclosure filing.  Foreclosures have been on …

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Dan Arenov

7:31 am on Thursday, October 25, 2012

This is really sad. I really feel for these folks who are in this position...hopefully things will turn around for them soon.   more ›

Foreclosures Remain High in Illinois, County

The Chicago Tribune reports Illinois was one of five states last month that saw an increase in foreclosure activity.

Foreclosure activity remained high in Illinois and McHenry County in September.  Illinois remained one of the few states in the country that did not see a drop in foreclosure rates last month, according to the Chicago Tribune. Only four other states saw an increase in foreclosure activity, according to the article.  In McHenry County, one in every 208 homes recieved a foreclosure filing in September, according to the real estate website.  The towns with the highest new foreclosure activity in the county include: McHenry with 120 new foreclosures, Crystal Lake with 95 new foreclosures and Lake in the Hills with 66 new foreclosures. In Algonquin, 48 new foreclosures were listed and Huntley saw 38 new foreclosure filings in September , …

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House Hunt: McHenry County Foreclosures

Here is a list of foreclosures in Algonquin, Crystal Lake and Huntley.

  The listings in the AOL Real Estate webpages show these foreclosed homes for sale. Click on each listing to view photos of the property:   Algonquin 1398 Grandview Court The condo features: 1,198 square feet with 2 bedrooms, 2 baths. Price: $101,650   1620 Teri Lane The single-family home features: 1,240 square feet with 3 bedrooms, 2 baths.   Price: $134,900   Crystal Lake 959 Golf Course Road The condo features: 1,024 square feet with 4 bedrooms, 2 bath. Price: $82,900   695 Silk Oak Lane The condo features: 1,473 square feet with 2 bedrooms, 3 baths. Price: $109,900   5602 Briarwood The single-family home features 2,648 square feet with 4 bedrooms, 5 baths. Price: $260,000   Huntley 9411 Diana Lane The single-family home features: 3,…

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PHOTOS: Area Foreclosures on The Market

The following homes are listed as foreclosures in Algonquin and Lake in the Hills.

The following homes, condominiums and townhomes were listed as foreclosures in Algonquin and Lake in the Hills: Source: AOL Real Estate

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On the Market: Area Foreclosures

Scroll through our sampling of photos of area homes currently listed as foreclosures.

Here is a list of homes listed as a foreclosure in Algonquin, Lake in the Hills and surrounding neighborhoods. Explore the properties further by clicking on the address links and scrolling through a sampling of photos.  To view foreclosures throughout the area, visit AOL Real Estate.  1470 Southridge Trail in Algonquin is a four-bedroom, three-bathroom home listed for $310,000.  1903 Silverstone Drive in Carpentersville is a one-bedroom, one-bathroom condo/townhome that is listed for $45,575. 1676 Carlemont Drive in Crystal Lake is a one-bedroom, one-bathroom condo/townhome that is selling for $56,900.  238 Charles Street in Carpentersville is a four-bedroom, one-bathroom home that is selling for $85,600.  250 Partridge Court in Algonquin …

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House Hunt: Algonquin, Lake in the Hills Foreclosures

Today's House Hunt features a selection of area foreclosures.

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McHenry County Housing Market Still In Distress

The Northwest Herald reports median home prices have continued to drop this year.

While recent numbers show foreclosures in the area are dropping, the Northwest Herald reported this week the overall housing market in McHenry County is still in dire straits. The article stated median residential home prices were down 20 percent from the end of May compared to the same time in 2010. The median home price at the end of May 2011 was $140,000 compared to $175,000 at the end of May 2010, according to the article. In May 2009, the median home price in McHenry County was $188,500, according to the Northwest Herald. For more on this story, visit the Northwest Herald.

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Short Sales Team Helps Struggling Homeowners

Algonquin real estate agent Vince Romano has established a team to assist homeowners with the short sale process.

At times, Vince Romano feels more like a counselor than a real estate agent when dealing with clients. Harsh economic times continue to hit area homeowners hard, and Romano often finds himself sitting at a kitchen table helping couples review their options and make tough decisions, such as whether to sell their home. "A lot of times the husband has lost his job and his wife is crying, and they are forced to sell," said Romano, of RE/Max Unlimited Northwest, 2405 Harnish Drive, Algonquin. "Sometimes the couple is divorcing, and the husband and wife are yelling at each other. I find myself in the middle, acting as a mediator." Romano, of Algonquin, says about 50 percent of the real estate market today involves foreclosures and short sales. …

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