About Lake County, IL

Despite the industry's unprecedented efforts to keep people in their homes, there are more borrowers behind on their mortgage payments than there have been in 37 years. Even the end of the recession - which economists put at mid-summer - hasn't improved mortgage performance. The Mortgage Bankers Association said Thursday that the national delinquency rate for residential properties rose to 9.64 percent in the 3rd quarter of 2009, setting a new record. Combine that with loans already in foreclosure, and it means a staggering 14.41 percent of all outstanding mortgages aren't current.

Foreclosures and short sales will be around for quite some time...and people STILL have to move regardless of the current housing situation. We can help get you out of your home quickly and compassionately.

While many of the communities surrounding Buffalo Grove are experiencing quite a bit of depreciation the medium price range home sales in Buffalo Grove for the month of September 2008 to September 2009 are only down 0.7%. Please click on the link above and check out this chart to see the averages and sales in our surrounding towns. Please do remember to follow us on the web. I am always available for any questions. Have a Great Thanksgiving Holiday and I look forward to seeing those of you that ordered Pies this year on the 25h at our office.

Gated Communities - Barrington Illinois - Tallgrass of Lake Barrington

There are 3 gated communities in Lake Barrington and one of the newest developments is Tallgrass. Located at the corner of Kelsey Road and River Road, it was recently published that the bank has filed a notice of default against 64 of the 71 home sites.

Here is the excerpt from the ChicagoRealEstateDaily online newspaper.

Harris Bank has filed foreclosure lawsuits on vacant lots in two developments in Lake Barrington controlled by luxury suburban residential developer Michael J. Graft Builder Inc. In one suit, filed Oct. 1 in Lake County Circuit Court, the bank is seeking to recover more than $5 million on 64 lots in Tallgrass, a 109-acre development in the northwest suburb. That case was filed after the bank also filed to foreclose on a loan secured by 28 sites in the Enclave of Heritage Estates, a 66-acre development planned for just 32 high-end homes. Michael J. Graft Jr., president and CEO of the Barrington-based homebuilder, did not return a call requesting comment.

This was set to be one of the nicest gated communities due to it's goal of keeping the area natural and enhancing the landscaping. If you live in Lake Barrington like I do you'll appreciate all the trees and open spaces, conservation and walking paths - Lake Barrington is a Tree City.

The question now is what will happen. There are a few residents in homes already built and currently 2 homes available for sale, both ranch homes. If the property goes into foreclosure, what will the bank decide to do with the 64 lots they will own? Will they look for an investor seeking to buy gated communities to develop, or will they choose to sell off each lot? In this market both of these options are likely to be a tough sell. Very few buyers are looking at either new construction or lots, although getting deals on property in gated communities will certainly have some appeal if the price is right.

If you are interested in buying in Lake Barrington and are looking for gated communities, email Corinne with your requirements, or call 847-363-3686.

You can Search all Barrington Properties on my blogs listing page.

For more specific information on Tallgrass visit my Tallgrass Web Page.

Request a list of current Foreclosures in Lake Barrington.

Information about other Gated Communities in Barrington. I will be writing about each of our gated communities here over the next few weeks and will provide links.

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Contact Corinne Guest Broker & Owner Royal Advocate Realty Licensed Realtor® in Illinois, for real estate in Barrington, Lake Barrington, North Barrington, South Barrington, Barrington Hills, Inverness and Deer Park, as well as Lake Zurich, Hawthorn Woods, Kildeer and Long Grove in Lake County Illinois.

Call Corinne 847-363-3686 for assistance.

Copyright © 2009 By Corinne Guest, All Rights Reserved.

In Antioch, there are 260 single family homes for sale with an average list price of $324,952.

There are 40 single family homes under contract with an average list price of $206,484.

In the past 6 months, 150 single family homes have sold and closed with an average sold price of $197,930.

Specific details on single family homes for sale and sold in Antioch, can be found on my website at www.StarHomeFinders.com.

Search for foreclosures, single family homes, townhomes and condominiums, multi-family units, vacant land, commercial properties and rentals.

Thinking of selling your home, Click Here to Find Your Home's Value.

Looking for a home? Click Here to Sign up for My Property Finder.

Benefits of Registration:

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In Fox Lake, there are 99 single family homes for sale with an average list price of $303,893.

There are 10 single family homes under contract with an average list price of $176,539.

In the past 6 months, 30 single family homes have sold and closed with an average sold price of $162,575.

Specific details on single family homes for sale and sold in Fox Lake, can be found on my website at www.StarHomeFinders.com.

Search for foreclosures, single family homes, townhomes and condominiums, multi-family units, vacant land, commercial properties and rentals.

Thinking of selling your home, Click Here to Find Your Home's Value.

Looking for a home? Click Here to Sign up for My Property Finder.

Benefits of Registration:

• View ALL MLS properties listed for sale.
  
  
• Save your searches — as many as you would like.
  
  
• Found a house you like? Add it to your Favorites.
  
  
• See how many new listings you have for a given search.
  
  
• Have new listings automatically emailed to you when they hit the market.
  
  
• Keep notes on your Favorites and Saved Searches.
  
  
• Rate your favorites to keep track of which property you like better.