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Pasquinelli subdivisions said in financial trouble - Beacon News
JOLIET -- First Midwest Bank is foreclosing on Pasquinelli Homebuilding's Cedar Creek subdivision. The bank filed a foreclosure lawsuit against the company Nov. 7 in Will County Circuit Court. According to the lawsuit, Pasquinelli is in default in ...

First American CoreLogic Releases September 2008 LoanPerformance Home ... - MSN MoneyCentral
SANTA ANA, Calif. , Dec. 1 /PRNewswire-FirstCall/ -- First American CoreLogic, a member of The First American Corporation FAF , America's largest provider of advance property and ownership information, analytics and services, today announced the ...

Suburban homebuilder's troubles deepen - Crain's Chicago Business
Lenders are turning up the pressure on Pasquinelli Homebuilding LLC , another local developer buffeted by the housing crisis. In recent months, Park National Bank has filed foreclosure lawsuits on Pasquinelli projects in Kane County and in South ...

Habitat for Humanity finishes 50th house - Herald News
JOLIET -- It wasn't until Joe Adler put a hammer in his hand until he realized the power of what he was doing. Twenty years ago, his son-in-law took him on a surprise visit to a Habitat for Humanity build site in Colorado. "I think he did it to get ...

Locally owned banks are booming - Herald News
First Community Bank of Joliet stayed out of the subprime home loan business when it was all the rage a few years ago. "They didn't make sense to us," said George Barr, who is chairman of the bank's holding company, First Community Partners. "We ...

Iowa cities competing for federal buyout money - Chicago Tribune
Authorities say high-tech crack dealers on the East End mounted a surveillance video camera on a backyard tree to keep an electronic eye out for the cops. Their vision wasn't too good because the Southampton Town Police found out about the operation ...

Judge Drops Gun Charges Against Drew Peterson - FOX News
JOLIET, Ill. — A judge dismissed felony gun charges Thursday against Drew Peterson after prosecutors refused to hand over internal documents leading to their decision to arrest the former Bolingbrook police sergeant, who is suspected in the ...

Finding their way out of debt and learning along the way - Chicago Tribune
As they clawed their way out of the hole many Americans are still entering, Charles and Moriah Aldarondo became experts in living under the crushing yoke of debt. The Joliet couple, both 29, racked up $45,000 in bills ranging from the unavoidable ...

When life hands you lemons . . . - Crain's Chicago Business
When Miguel Franchini, manager of Joliet Furniture Mart, struck a deal to buy the business from its elderly owner for $1.2 million, he shopped among local Will County banks for a loan. For two years, he didn't get much of a hearing. National City ...

First American CoreLogic Releases August 2008 LoanPerformance House ... - Yahoo Finance
SANTA ANA, Calif., Oct. 22 /PRNewswire/ -- First American CoreLogic, a member of The First American Corporation (NYSE: FAF - News ) family of companies and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street ...

Today's Mortgage Terms starting with J

Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.

Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.

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