It is a common fact that Cook County in Ilinois has the highest foreclosure rate in the entire country.  Not something to write home to mother about,  but what is interesting is that Cook County spent $3,500,000 to save 216 homes.  When one does the math, it appears that the average "save a home from foreclosure" here in Cook County ran $162,000 per home.  Now, if one does the figures of what was owed on those mortgages, it wouldn't surprise me if we found out that the mortgages could have been paid off with that same amount vs keeping them from foreclosure. With 75,000 homes pending in Cook County Chancery Court, one would think that the program would be run more efficiently and higher numbers would be obtained with that amount of money.  It's not like we are doing a heart transpl... 07/12/2011

"Arm-Chair" Investors are those who do NOT want to live in the property they buy (a more precise term for this would be "NON-owner occupied"). The question we ask here is: Where have ‘arm-chair' investors like that been concentrating their investments? Our work with arm-chair investors has led us to believe that SEVEN Chicago neighborhoods are particularly popular for those buying non-owner occupied, cash-flow property. For instance, Bill Bein, Chicagoland2to4Flats.info's founder, owns property in Grand Crossing (a south side neighborhood)-and he has now helped many different buyers buy in all of these areas. The west side neighborhoods are: Humboldt Park (census tract 23), East Garfield Park (census tracts 27), West Garfield Park (census tracts 26) and North Lawndale (census tract 29) ... 03/30/2011

"Arm-Chair" Investors are those who do NOT want to live in the property they buy (a more precise term for this would be "NON-owner occupied"). The question we ask here is: Where have ‘arm-chair' investors like that been concentrating their investments? Our work with arm-chair investors has led us to believe that SEVEN Chicago neighborhoods are particularly popular for those buying non-owner occupied, cash-flow property. For instance, Bill Bein, Chicagoland2to4Flats.info's founder, owns property in Grand Crossing (a south side neighborhood)-and he has now helped many different buyers buy in all of these areas. The west side neighborhoods are: Humboldt Park (census tract 23), East Garfield Park (census tracts 27), West Garfield Park (census tracts 26) and North Lawndale (census tract 29) ... 11/06/2009

09/09/2008