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About the Libertyville, Illinois Area  One of the oldest communities in Lake County, Libertyville was incorporated in 1882 and once served as the county seat. Much of the land came from the Potwatomi Indian tribe, who were forced to sell due to difficult economic conditions. Although the population has grown to over 21,000, Libertyville is proud to maintain the feel of small town living, and boasts a restored downtown area, which had been destroyed by fire in the late 1800's.
Students attend schools in District 70, District 73, or District 128 high schools. Also convenient to the area is College of Lake County, in Grayslake.
Libertyville has an extensive parks system, ran by the Libertyville Parks and Recreation Department. There are over 600 acres of parks and open space, including Independence Grove, and the Des Plaines River with it's walking trails. Other recreational features include the David Adler Cultural Center, Cuneo Museum, and Cook Mansion. People of all ages can find something to do at the Libertyville Sports Complex. The area is also served by the Cook Memorial Public Library.
Libertyville is about 45 miles north of downtown Chicago, 25 miles north of O'Hare, 50 miles south of Milwaukee's Mitchell Field, is convenvient to I-94, and is served by METRA.
For more information, see the Libertyville home page or the GMLV Chamber of Commerce.
 Request my Free Northwest Suburbs, Buffalo Grove and Libertyville Relocation Package. It's packed full of useful and important information about the Northwest Suburbs, Buffalo Grove and Libertyville, Illinois area. Don't move here without it! Remember: I'll send it to you for free and without obligation. Just fill out the form and I will send it right out... It's my job to know EVERYTHING about Northwest Suburbs, Buffalo Grove and Libertyville! Ask me any question. Or request a FREE information package. There's no obligation, and I promise to get back to you quickly... 
Financing Your Home >Balloon Mortgages
In loan terminology a "balloon" is the unpaid loan balance that must be paid in full on a specified due date. Federal savings and loan associations are permitted to make balloon mortgages with as little as five percent down and monthly payments that are smaller than the amount needed to fully amortize the debt. On the due date, which may be only a few years after the loan was made, the balance must be paid off or the loan must be renegotiated. Balloon borrowers must be cautious and plan carefully to avoid overlooking balloon payment obligations. It is easy to be lulled into complacency by the easy monthly payment terms.
Today's complex economics have produced a wide variety of options for potential borrowers, who are often surprised by how much house they can afford to buy. Loan approval is ultimately in the lender's hands, but your real estate agent can help you to determine your real buying power.
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| Q |
Where was the actual location of the fictional Genovian Consulate in the 2001 Disney comedy, "The Princess Diaries"?
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| A |
The historic Doheny mansion, located on the campus of Mount St. Mary's College, near downtown Los Angeles. |
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