Illinois

One of the greatest benefits for homebuyers in Illinois is property taxes in Illinois are paid in arrears. Home buyers in Illinois get property tax prorations in Illinois because property taxes are paid in arrears. Homebuyers in Illinois can use property tax proration credit towards their down payment on a home purchase. You need to show you have the down payment but you do not need to bring that property tax proration credit at title company to use for your down payment. We will cover property tax proratikon in Illinois in this thread so homebuyers sellers, loan officers, and realtors fully understand.

Getting NMLS License for the state of Illinois is easy and pretty fast. Illinois is one of the states lenient with bad credit for state licensing. It normally takes three to five days to get an Illinois NMLS license transferred from one company to another and about two weeks to get approved for a brand new loan officer state license for Illinois. California is the first state that does not care about bad credit. You can have collections, judgments, and even tax liens and get approved in California. Illinois does not care about collections, charge-offs, or late payments. Remember that credit scores do not matter to get your NMLS license in all states.

Here is a blog written about Can You Become a Loan Officer with Bad Credit

https://gustancho.com/can-you-become-a-loan-officer-with-bad-credit/

gustancho.com

Can You Become A Loan Officer With Bad Credit And Get Licensed

Can You Become A Loan Officer With Bad Credit? Absolutely. I have over 50 derogatory credit items such as unpaid collections, charges offs

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Referring to Illinois as “the most sinister state in the nation” is rather dramatic and subjective. Governors in trouble: Out of the last ten governors, four have served time in federal prison for bribery, racketeering, and other crimes. For example, Rod Blagojevich was convicted for attempting to sell Obama’s senate seat. George Ryan was convicted of bribery and racketeering. Chicago is often called the most politically volatile city in the US, as it is extremely prone to corruption and patronage. In addition to these, corruption on state and local levels constantly makes headlines. It is clear why some people find Illinois particularly shady.

There’s a multitude of reasons why Illinois struggles to contain its reputation.

Here’s a comprehensive breakdown of potential reasons:

Illinois has been known for its scandalous political achievements.

From the busted government overspending budgets to corruption on the local city council level, the government in Illinois makes a lot of noise, and the civic world is captivated by the thrill of it all, mixing the components of democracy with the raw energy of a carnival.

It suffices to say that, like many other states, Illinois is known for its “high property tax rates” and “burdening homeowners.” Putting it in the same circle as “always criticized” states like New Jersey and Connecticut.

Pension Crisis:

• Illinois has exceptionally alarming unfunded public pension liabilities that exceed $139 billion.
• This makes Illinois one of the states with the highest public pension debt, negatively impacting its fiscal condition.

Budget Issues:

• In Illinois, budget deficits have historically been common, severely limiting available funding for essential public goods and services.

Crime Rates in Major Cities

Chicago’s Crime Reputation:

• Why is every violent crime reported on the news?
• Chicago is a key contributor to the gun violence problem, in which the city grabs headlines with its high number of shootings and homicides.
• While there is a lot of debate surrounding the crime rate of disorderly conduct, the city is known for sitting at the epicenter of crime and violence.

Organized Crime Legacy:

• Al Capone’s historical reign of organized crime during Prohibition funded Chicago’s notorious legacy with organized crime and painted a picture of contemporary Chicago.

Population Decline and Exodus

People are migrating from Illinois due to high taxes, crime, and lack of employment opportunities, leading to a glaringly obvious population exodus and decline.

Mass Exodus:

• Illinois has consistently been on the list of states bordering net population loss after people started pouring into Florida, Texas, and Indiana.

Infrastructure and Urban Challenges

• Illinois’s old rural regions and cities are struggling due to inadequate and underdeveloped infrastructure.

Urban Decay

Some neighborhoods in Chicago and other metropolitan areas have problems with poverty, school dropout rates, underfunded schools, and economic opportunities.

Reputation in Media and Pop Culture

What people think about the state of Illinois, based on media and other platforms, is:

• The existing narratives have an overarching theme of crime and corruption, which has further entrenched negative perceptions.
• The American media often depicts Chicago as a center of crime, exaggerating the city’s issues.

It is easy to point out Illinois’s many problems, but ignoring its strengths and nuances is to brand it the ‘most sinister state.’ The state also has its share of cultural history and economic activities and an ethnically diverse population pursuing art, education, and innovation. Over time, many of these issues can be dealt with through reform measures and greater public awareness.

There seems to be some misunderstanding about Illinois House Bill 5522 (HB 5522) and its effect on gun ownership. HB 5522, which Representative Maura Hirschauer filed in the 103rd General Assembly, intended to restrict the sale, transfer, or possession of certain firearms and magazines, which are commonly referred to as ‘assault weapons.’ Like many other bills, HB 5522 did provide some allowances for law enforcement, the army, and civilians who possessed such weapons lawfully before the bill’s enactment. Those eligible were required to register with state police and pay a fee of 25 dollars.

It’s crucial to remember that the bill did not seek to take firearms from existing lawful owners. Instead, it provided registered owners with means to hold ownership. The bill did not progress to becoming law in the 103rd General Assembly.

By contrast, Illinois has already implemented “Karina’s Bill” (House Bill 4144), removing firearms from individuals subjected to an emergency order of protection regarding domestic violence accusations. This law was made to protect survivors of domestic violence further by ensuring that firearms are taken out of potentially risky situations.

In conclusion, while Illinois has proposals and laws on the minimum restriction of controlled firearm possession that, in some instances, enables ownership, there is no law that actively screens ownership for all citizens without reasonable motives being provided. The state’s legislative disposition has sought to deal with issues of public safety in the context of domestic violence and the use of firearms.

https://www.youtube.com/watch?v=CXLIKiZGRRE

The City of Chicago has a major budget deficit. Chicago is outspending Los Angeles, New York, and other major big cities

What Chicago needs is an office of government efficiency. Get rid of Incompetent Mayor Brandon Johnson and other leaders without a clue

https://youtu.be/zVJli70qr7Y?si=kPQ9oqtxhT7JqsqH

ILLINOIS GOV. JB PRITZKER signs 270 silly Bills impacting elections, hunting, mortgages, and tons of ridiculous unnecessary bureaucratic B.S. Thats what Democrat do. For 2025, Gov. JB Pritzker of Illinois has passed 270 bills drafting laws on various topics, including AI, property taxes, and digital driver’s licenses. A law governing personal and economic transactions is apparent when looking at the following bullet points:

Legislation Overview:

AI and Digital Rights specializing in employment: Bills such as House Bill 3773 and House Bill 4762 aim to protect individuals by ensuring they do not use AI-generated replicas of them maliciously or without consent.

Property Taxes and Financials: Senate Bill 3455 looks to reorganize the structure governing property taxes, and measures to revise calculations relating to motor fuel taxes are also present.

Environmental and Public Health, which improves health standards across various industries: Laws including a ban on using small plastic containers in hotels and introducing climate change education in schools also exist.

Immigration Policies and Related Procedures:

Protection for Immigrants in Practice: Pritzker states that Illinois is and shall remain a friendly place for immigrants. Thankfully, certain laws ensure a degree of restraint between local law enforcement and ICE. This also includes measures like the TRUST Act and other protections for undocumented immigrants.

Pritzker’s Position On ICE:

King Pritzker has made it clear that he will shelter illegal immigrants in Illinois, including those that have some criminal records, from any deportation attempts made by ICE. He has said that he will take to court any attempts by the federal government to carry out mass deportations within Illinois and other states, hinting that such activities would have to go through him or seek judicial approval first.

Reactions and Implications:

Political and Legal Challenges: His view is going to create huge legal wars between the state’s immigration authorities and that of the federal government, gaining autonomy in such matters and potentially revolutionizing the relationship existing between the sanctuary states and the US federal immigration bodies.

Public Discourse: This has generated several different reactions, with some interpreting it as support for the fight for immigrants’ rights, while others consider it as a defiance of the oppression posed by the US federal government, which may hurt security issues and the relationship between the states and the federal government.

Physical Description Comments:

Notably, Pritzker is physically portrayed, yet it should be emphasized that such ad hominem remarks are usually out of context to the personal policies and decisions made around his law and only take away an opportunity for more constructive debate about the possible consequences of his law as time goes on.

What is clear from the amalgamation of these new laws and Pritzker’s immigration policies is that there seems to be a desire to persist on the progressive policies in Illinois. The people of Illinois may not see eye to eye with the federal authorities in the course of the next government headed by Donald Trump, as he has stated that he will apply strict immigration policies. This may be a ‘problem’ in legal and political tussles or in the case of administrative issues that experience jurisdictional conflicts between state and federal governments.

https://youtu.be/_4vwBUM6jeY?si=G7muRBcfw4vudRu-

• This discussion was modified 2 months, 3 weeks ago by  Gustan Cho.

Illinois Governor JB PRITZKER is the Governor of the state of Illinois. Can anyone familiar on Illinois share their experiences and opinions about Illinois Governor JB PRITZKER? What has PRITZKER do to benefit the people and businesses in Illinois. I know JB Pritzker was always a politician wanna be and spent a fortune to get elected. Can you please tell me Pritzker’s biography. I heard the 5’5″ 500 pound obese Governor is allowing illegal immigrants to become police officers. What other stupid things is Pritzker doing that can be a potential threat to Illinoisans.

Illinois is a state located in the Midwestern region of the United States. It is known for its diverse geography, including fertile farmland, rolling plains, and the bustling city of Chicago, which is the largest city in the state and the third-largest in the United States. Here are some key facts and information about Illinois:

1. State Capital: Springfield
2. Largest City: Chicago
3. Nickname: The Prairie State
4. Motto: “State Sovereignty, National Union”
5. Area: Approximately 57,914 square miles, making it the 25th largest state in the U.S.
6. Population: As of my knowledge cutoff date in January 2022, Illinois had a population of over 12.8 million people, making it the sixth most populous state in the country.
7. Geography: Illinois features a diverse landscape that includes fertile plains, forests, lakes, rivers, and the southern tip of Lake Michigan. The northern part of the state is characterized by the flat terrain of the Great Plains, while the southern part is more hilly and wooded.
8. Economy: Illinois has a diverse economy with a strong focus on agriculture, manufacturing, finance, and technology. Chicago is a major financial and business hub, home to the Chicago Mercantile Exchange (CME) and many Fortune 500 companies.
9. Education: Illinois is home to several prestigious universities and colleges, including the University of Illinois, Northwestern University, and the University of Chicago.
10. Landmarks: Illinois is known for its cultural and historical landmarks, including the Art Institute of Chicago, Millennium Park, Navy Pier, and the historic Route 66, which begins in Chicago.
11. Politics: Illinois has a history of political significance and has produced several U.S. presidents, including Abraham Lincoln and Barack Obama.
12. Transportation: The state has a well-developed transportation infrastructure, including major highways, airports, and a network of railways and waterways. O’Hare International Airport in Chicago is one of the busiest airports in the world.
13. Sports: Illinois is home to various professional sports teams, including the Chicago Bears (NFL), Chicago Bulls (NBA), Chicago Cubs and Chicago White Sox (MLB), and Chicago Blackhawks (NHL).

Please note that some of the information provided may have changed since my last knowledge update in January 2022. If you have specific questions or need more up-to-date information about Illinois, please feel free to ask.

WHY IS THE CITY OF CHICAGO LOSING RESIDENTS and BUSINESSES?

About time

Home prices in Chicago South Loop are plummeting. Sellers are lowering prices and offering incentives. This correction is continuing throughout the city and Suburbs. Expect the downturn to continue in Chicago and other cities. Stay tuned

What type of down payment assistance mortgage programs are available for first-time homebuyers in Illinois with 600 credit scores.

Property taxes in Illinois is going through the roof. In Cook County, property tax assessor office announced property reassessment 41% which means property taxes in Cook County (the county the city of Chicago is in and the largest county in Illinois and largest county in Chicago and surrounding suburbs). I want to know if anyone with expertise in property tax assessments if Illinois have a property tax cap? Is there a maximum limit on how much property taxes can go up in Illinois? At what age do you stop paying property taxes in Illinois? How do I fight a high property tax reassessment by the county assessor’s office in Illinois? What does a 41% increase property tax assessment by the Cook County Assessors Office mean on my property taxes? Why do property value and property taxes increase? Are homeowners of Chicago and the Chicago suburbs see a big property tax increase? What if I cannot afford the property tax increase? How do I avoid paying property taxes in Illinois? How are property taxes in Illinois compare with the rest of the country? What is the difference in property taxes in Illinois between an owner-occupant home versus an investment home or investment property? I just watched a breaking news about Cook County Assessors Office increasing in the South and Southwest Chicago suburbs:

https://www.youtube.com/watch?v=o1Iv9H8JABA

I went to the Illinois Institute of Technology in Chicago Illinois to study metallurgical engineering which was borderline the Robert Taylor Housing Projects a gigantic subsidized Housing Project in Chicago’s most dangerous section, the near South Side by Comisky White Socks Baseball Park and near Chicago’s China Town. The Robert Taylor Homes was a notable Chicago public housing project. Here are some important facts about the development:

Location: It was in Bronzeville, a neighborhood on the South Side of Chicago.

Size and Scale: At its height, it was the biggest public housing development in the United States.

Construction: The Chicago Housing Authority (CHA) built it between 1959 and 1962 as part of an urban renewal program.

It is named after Robert Rochon Taylor who was an African American activist and also served as the first Black chairman of CHA.

Structure: The complex had 28 high-rise buildings, each one being 16 stories tall and containing 4,415 apartments.

Population: It held up to an estimated 27,000 residents at its peak time.

Demographics: Most inhabitants were African Americans living below poverty line.

Problems: With time this project came to be notorious for extreme levels of poverty, gang activity, crime among other things like these .

Decline: Declining living conditions due to poor maintenance; lack of resources; concentration of poverty .

Demolition : In accordance with Chicago’s Plan for Transformation , demolition started in 1998 and ended up seven years later – in 2007th .

Replacement : Area has been redeveloped with mixed-income houses under Legends South initiative since then till now .

Legacy : Standing as symbols for all that went wrong with high rise public housing projects across America; they also influenced future urban planning strategies entailing construction affordable homes within cities themselves.

The history behind Robert Taylor Homes mirrors wider problems faced by US cities during second half twentieth century such as racial segregation policy making on part local governments demarcating poor areas from those deemed suitable for whites only increased levels welfare dependency resulting from limited employment prospects among black communities etcetera thus becoming widely studied sociological phenomenon which continues informing debates over inner city regeneration schemes aimed at providing affordable accommodation options

https://youtube.com/shorts/KC9wPiyoO1E?si=nX37Fn56CsmxX-q0

• This discussion was modified 7 months, 3 weeks ago by  Gustan Cho.

Have you heard the news that Illinois will allow non-citizens to become police officers? What is all that about?

Two-to-Four unit multi-family homes are selling like hotcakes in Chicago and nearby suburbs. The minute a two-to-unit multi-family home hits the MLS, you will see dozens of buyers and a bidding war, especially in the better sections of Chicago and the suburbs. Two-to-four unit multi-family homes sell at a premium because if the owner manages right, they can live rent free in one of the units and rent out the other units in the building which pays for the mortgage. HUD, the parent of FHA, allows two-to-four unit multi-family homes with a 3.5% down payment FHA loan for owner-owner occupant primary homebuyers. With commercial financing available including construction loans, real estate investors and developers should think about buying land to build a two-to-four unit multi-family building for less than an existing building. I will do more research in buying lots and building a four unit multi-family building.

Chicago is my hometown. I grew up in the Northwest suburbs of Chicago. There is no other downtown like Downtown Chicago that is as beautiful and has so many things to do. Chicago is the home of thousands of immigrants from hundreds of different countries. However, the thing that is fucking up this great city are the crazy Democrats and far left wing liberals with their asinine ideology. Need to get rid of the mice and cockroaches forever.

Are there any workers at Illinois tollway booths? I need to see which transponder works and which one does not but never seem to see anyone manning the booths at Illinois tollway booths. Whatever happened to them?

How much does it cost to live in the neighborhood boundaries of Chicago’s Top Rates Public Elementary Schools?

https://www.openhausrealty.com/blog/how-much-does-it-cost-to-live-in-one-of-chicago-public-schools-top-elementary-neighborhood-schools/

Do counties in Illinois require building permits to build an in-law suite or accessory dwelling unit on your property?

Illinois is losing taxpayers by the tens of thousands. People who lived in the state for generations are calling it quits and planning on relocating to another low tax taxed with affordable housing and a lower cost of living. Many Illinoisians have no choice but to live in Illinois because of careers, family, or because they call Illinois home no matter how bad the state of the economy is. Chicago is one of the most beautiful cities in the world if not the most beautiful. In this sub-forum, I like to cover why are people fleeing Illinois and what the opinions of our viewers are where we can save this great state from going further down hill. Here is an article recently updated on the state of economy of Illinois.  Here is the link Why Are People Fleeing Illinois?