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Submit your favorite Gregg's Landing photos and be entered to win a Cheesecake Factory Gift Certificate!

It's been a long time coming, but the residents of the Gregg's Landing subdivision will be getting a new monument sign at the eastern entrance to the subdivision near Milwaukee Avenue.

Improving your home with the sale in mind is a good idea if it is important that you recoup the majority of the money you put into the project. Experts agree that any remodeling project that brings your home up to the level of your neighbors' is a worthy investment.

The homeowner strategy of walking away from foreclosure homes when home values plummet below the outstanding mortgage balance has now been given a new twist by lenders. Banks are refusing to take back foreclosure properties, leaving homeowners to assume responsibility for their upkeep.

Just when we think it can’t get any worse for the homeowner in distress, think again. In areas with heavy foreclosure rates the banks are refusing to take back the property from the homeowner. Instead the owner remains liable for the upkeep. If the property should become so dilapidated the community or alderman may require the property be torn down and the bill sent to the current owner. Now the person in distress has a bill for $15,000+ for the cost of demoing and removing the debris. There are areas in Chicago where these properties are being torn down while they are listed for sale. We have actually had a property under contract and when the client went to do the home inspection the house was in the middle of being torn down.