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Have real estate questions? Here, you’ll find helpful articles and other resources that cover issues related to real estate, buying, selling, financing, refinancing, credit and debt, insurance, second homes, vacation homes, real estate investment, new construction, and renovation.

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COVID-19: What Happens to the Economy When the PPP Runs Out of Money?

By | July 24th, 2020|

What happens to the economy when the PPP runs out of money? This reader wants to know how another rise in unemployment will impact the economy. Q: I tried to call in to WGN radio when Ilyce was on a couple of weeks ago. Do you think unemployment will skyrocket when the Paycheck Protection Program [...]

How Can I Get Out of My Underwater Mortgage?

By | July 24th, 2020|

How can I get out of my underwater mortgage? If my mortgage is underwater and the home is in disrepair, can I let the bank foreclose and move on?  Q: I am a widow in my 70s and my mortgage is underwater. In addition, the house is in need of much repair. Can I just [...]

COVID-19: 5 Easy Home Improvement Projects

By | July 23rd, 2020|

5 easy home improvement projects you can do during the COVID-19 pandemic. Simple DIY home improvement projects that homeowners can start on now. The past four months have felt like four years. Most of us have spent more time at home than ever before, and are quite sick of our four walls, floor and ceiling. [...]

COVID-19 Housing Impact: Which Homeowners Are Most Vulnerable?

By | July 16th, 2020|

COVID-19 housing impact: which homeowners are most vulnerable? New research spotlights housing markets that are most at-risk in the U.S. The COVID-19 pandemic is having an impact on many parts of the economy: Mortgage interest rates hit an all-time low last week (a 30-year fixed-rate loan can be had for an average of 2.98 percent) [...]

Do I Have to Pay a Buyer’s Real Estate Agent Commission?

By | July 10th, 2020|

Do I have to pay a buyer’s agent commission? This home seller doesn’t feel like the buyer’s real estate agent has done anything to deserve commission. Q: I am a seller who has an agent that claims he has a buyer for my property. He wants to do a pocket listing. I am absolutely outraged [...]

Why Condo Associations Put Up Private Property Signs

By | July 10th, 2020|

Why condo associations put up private property signs. This reader’s condo might put up private property signs and they’re wondering what it implies. Q: If our condo association posts “private property” signs, are there any implications? A: We’re not sure what you mean by “implications.” Your condo association, like any other private property owner has [...]

What Are the Pros and Cons of Paying Cash for a Home?

By | July 9th, 2020|

What are the pros and cons of paying cash for a home? What to consider when deciding if it’s better to take out a low-interest mortgage or pay in cash. Q: I know mortgage interest rates are hovering at an all-time low. But, is there anything wrong with paying cash for a home? A: There’s [...]

How Does a Short Sale Work for a Buyer?

By | July 9th, 2020|

How does a short sale work for a buyer? This reader wants to know if they need an attorney to bid on or buy a real estate in a short sale. Q: Do I need an attorney to bid on or purchase a short sale real estate condominium? A: In some parts of the country, [...]

Changing the Percentage of Ownership in a Condo Association

By | July 2nd, 2020|

Changing the percentage of ownership in a condo association. This reader says the value and square footage of certain units isn't accurate in the governing documents. Q: I have enjoyed your many articles in our local paper for some time. I am on the board of a condo association and it was brought to our [...]

Can My Landlord Terminate My Lease During COVID-19?

By | July 2nd, 2020|

Can my landlord terminate my lease during COVID-19? This reader wants to know if it’s possible and how much notice they’ll be given. Q: If you rent on a month-to-month basis, can the owner terminate the lease during the COVID-19 pandemic? And, if the landlord does notify a tenant that the landlord elects to terminate [...]

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