Paul N. Paterakis's (lakezurichrealestate) Blog

If you think Realtors are having a tough time following the gyrations of this crazy market imagine how difficult it is for your Buyers and Sellers.  Last week’s Chicago Tribune was a perfect example. A page one article was headlined “Homes Sales Plunge 10%” and in the Business Section an article ...

•Vesting is determined by the last deed of record• Many different forms of ownership• The agent needs to make sure that the listing is signed off by the actual owners of the property o Single: A sole person owning the property. Watch out for Homestead! o Tenants in Commons: undivided interest in...

The Illinois Department of Financial and Professional Regulation (IDFPR) has proposed a bill giving it the power to “borrow” money from funds like the Real Estate License Administration Fund (RELAF – funded by our licensing fees), and use it to pay the regulatory bills of other professions, like ...

The U.S. Department of the Treasury recently announced an initiative designed to increase the number of electronic transactions and reduce the amount of paper processing done by the agency. The newprogram will reduce dependency on paper in several ways, one of which impacts Form 8109. Electronic ...

$119,900What a Steal! Rare opportunity affordable Largest model with open, bright floor plan & neutral decor. Spacious bedrooms, sliders to balcony, soaring vaulted ceilings. Master suite w/huge walk-in closet and private bathroom. Washer & Dryer in separate laundry room,numerous upgrades. Enjoy ...

New must see CPR video - PowerTeamHomes.com If you haven’t seen this video, you should. This is a new CPR technique which is much simpler;please watch and forward the link below to your database, friends and family.http://tinyurl.com/2fx8r59You may just save a life by doing so and never know abo...

Whether it is the lender, real estate agent or the title company, every player in the real estate market has asked themselves the same question in the last month:  How am I at risk when it comes to the halt in foreclosures?    Here is quick overview of what recently went down that led to everyone...

Forbes Magazine Publisher Rich Karlgaard did a great “Entrepreneurial Excellence Presentation”comparing our current environment from others in the past. He pointed out how from the “ashes” wealways have new “diamonds” and all we need is creativity and guts to improve, never give up when itwould b...

  Change, per Wikipedia, is the process of becoming different.  Change can be something really simple like changing your clothes or your hair color or the leaves changing.  BUT usually when we think of change – it can bring about anxiety and sometimes, it’s also very exciting.   We all know chang...

The federal government’s massive HAMP rescue program failed when lenders balked at any reductions in mortgage principle. Lowered interest rates and longer terms reduced monthly payments somewhat but not nearly enough, many borrowers re-defaulted. That was then. With the home market possibly poise...