Barrington Luxurious Properties Selling At Price Ranges Not Seen Since 2005was} 907,138 Foreclosure-

An executive of a picture-frame supplier sold a five-bedroom Northbrook high-end

home recently for $732,500, around eight percent under the luxury home owner bought it for in 1995, according to real estate transfer records. James Scheyer, the Chicago-based CEO of Easton, Pa.-based MCS Industries, along with Laury Scheyer sold the Woodmere Drive house to Joel Semmelhack, a Lisle-based professional at EMC Corp., a Hopkinton, Mass.-based information technology services and products provider, and Diana Semmelhack, according to county register of deeds. The Scheyers bought the estate house in 1995 for $794,000, Cook county records report. Mr. Scheyer could not be contacted for a statement in relation to executive properties in suburban Chicago. Mr. Semmelhack did not return a phone call.

U.S. Foods executive buys luxurious residence in Hinsdale, IL

A commercial food market management purchased a five-bedroom, 5-bathroom Hinsdale residence from a dental market executive for just below $1.05 million last month, Cook county house transfer documents show. Craig Carlson, a professional at Rosemont distributor U.S. Foods Inc., and Pamela Carlson purchased the Quincy Street house from James Bramson, chief dental officer at Harrisburg, Pa.-based dental insurer United Concordia Cos., and Joanna Bramson, reported by county information. The 3,491-square-foot house was built-in 2002, according to details in the real-estate listing. The Bramsons purchased the home in 2002 for roughly $400,000, county data show. Mr Bramson formerly worked as executive director of the Chicago-based American Dental Association.

State's number of distressed home sales up in 4th quarter

A lot more than 26 percent of all Illinois home closings in the fourth quarter had been homes which are owned by banks or in some stage of foreclosure, based on data from Irvine, California based RealtyTrac Inc. There were 7,537 foreclosed property sales in the state in that period, an increase of 15.3 percent in the third quarter and 21.8 percent from the fourth quarter of 2010. Nationally, sales of houses in some stage of foreclosure or bank-owned accounted for 23.7 percent of all fourth-quarter sales. There were 204,080 foreclosure sales nationwide in the fourth quarter, down 8.1 percent from the third quarter and down 1.7 percent from the fourth quarter of 2011. For 2011 overall, foreclosure-related home sales accounted for 21 percent of all Illinois property sales. There were 28,102 foreclosure-related residence sales in the state last year, down 11.2 percent from 2010. Across america, there was 907,138 foreclosure-related sales in 2011, down 2.2 percent from 2010.

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