Inland Communications, Inc. announced today the auction of a model home located on the Ravine in East Highland Park, Ill. originally priced at nearly $4 million. The auction of the six-bedroom home, which will be sold subject to a minimum bid of $2.45 million, is part of the bank-ordered sale of a portfolio of foreclosed [...]

Westar Properties, Inc., an Oak Brook, IL-based real estate auction marketing firm, announced it will auction 18 brand new luxury condominiums at The Prairie Path Villas (310 S. Main St., Lombard, IL). 6 of the condos will be sold absolute, regardless of price. The auction will take place at 1:00 pm on Sunday, November 23, [...]

Radio gadfly Joe Aldeguer – you know him from WLS as “The king of real estate! The wizard of creative thinking! The master of making the deal!” – has closed his suburban mortgage-lending business, the Mortgage Exchange, and faced foreclosure on two of his own properties.
Harris Bank filed foreclosure cases against Mr. Aldeguer to collect [...]