You’re Invited: Beer Tasting at DHOC

Friends of DuPage Homeownership Center (DCOH)

Come learn about the services of the DuPage Homeownership Center at this free BEER TASTING networking event.

Wednesday, July 13
5:30 pm – 7:00 pm
1600 E. Roosevelt Rd
Wheaton, IL

RSVP to Anne O’Dell by Friday, July 8 at 630-260-2506 or anne@dhoc.org

The DuPage Homeownership Center is a nonprofit organization that provides a full range of services to promote responsible sustainable homeownership, with an emphasis on serving first-time homebuyers, low- and moderate-income households, and homeowners in crisis.

Important Tax Due Dates For Cook, DuPage, and Kane Counties

Cook County
Taxpayers should have received a tax bill the first week of February.

If for some reason they did not receive a tax bill they should call the Treasurer’s office at 312-603-5656 to request a duplicate bill.

1st Installment was due on March, 1 2016
2nd Installment is due on varying dates each year, depending on data prepared by other counties. Last year it was due on August 3, 2015.

Check on a Cook County property.

DuPage County
Taxpayers should have received a tax bill the first week of May.

If for some reason they did not receive a tax bill they should call the Treasurer’s office at 630-407-5900 to request a duplicate bill.

1st Installment is due on June 1st, 2016
2nd Installment is due on September 1st, 2016

Check on a DuPage County property.

Kane County
Taxpayers should have received a tax bill the first week of May.

If for some reason they did not receive a tax bill they should call the Treasurer’s office at 630-232-3565 to request a duplicate bill.

1st Installment is due on June 1, 2016
2nd Installment is due on September 1, 2016

Check on a Kane County property.

Title Indemnities (TI)
Title Indemnities for the first group of 2015 Real Estate Property Taxes will start in/around April 2016 for the following counties: DeKalb, DuPage, Kane, Kendall, Lake, LaSalle, McHenry, and Will.

Free First Time Home Buyer Seminar in June

Free First Time Homebuyer Seminar!

This is a great opportunity to learn more about homebuyer assistance programs.

Space is limited at this event so don’t forget to RSVP!

The seminar guest panel includes a Mortgage Professional, Credit Repair Professional, Real Estate Agent, and Real Estate Attorney.

Lora Fausett will be the designated attorney for the event.

RSVP to Kimberly Gehrke at (630) 544-3954.

Free First Time Homebuyer Seminars!

These are great opportunities to learn more about homebuyer assistance programs. Space is limited at these events so don’t forget to RSVP.

Saturday, March 12th
10:00 AM
Great Lakes Credit Union
345 E. Congress Pkwy.
Crystal Lake, IL 60014
Please RSVP by
Monday, March 7th.

Saturday, March 19th
10:00 AM
Great Lakes Credit Union
18130 Pulaski Rd.
Country Club Hills, IL 60478
Please RSVP by
Monday, March 14th.

The seminar guest panel includes a Mortgage Professional, a Credit Repair Professional, a Real Estate Agent, and a Real Estate Attorney.

Lora Fausett will be the designated attorney for both scheduled event dates.

RSVP Kimberly Gehrke at (630) 544-3954.

Mortgage Forgiveness Debt Relief Act extended through 2016!

While it is a little known fact, the Mortgage Forgiveness Debt Relief Act was extended through 2016 when President Obama sign a package of “tax extenders” into law in December 2015. This Act had previously expired December 31, 2014. This is important for any clients wishing to short sale property because without this extension any forgiven debt in a short sale would be included in taxable income. The extension of this act provides relief to homeowners who had qualified mortgage interest forgiven by lenders.

Any homeowner who has qualified debt forgiven should be issued a 1099-C. This is extremely important for homeowners because when a lender forgives their debt, their deficiency is waived. This means they no longer owe the balance on their loan.

Call us with any questions.