Not even a month into the 2010 Major League Baseball season and there is trouble afoot in the skies above Wrigley Field in Chicago, Ill., which is perhaps the most historic ballpark in the sport.

Lakeview Baseball Club — located at 3633 N. Sheffield Ave. — has been hit with foreclosure, defaulting on a $2.7 million loan, according to ChicagoBreakingBusiness.com.

The club is located just across the street from where the Chicago Cubs have played their home games since 1916. In fact, it’s in the heart of “Wrigleyville,” offering fans unique rooftop views into the stadium for a fraction of the cost to sit inside.

Indeed, owners of these buildings actually sell rooftop seats; however, they must now share a percentage of their earnings with the organization after a legal dispute was settled a few years ago.

Lakeview is well known for the sign “Eamus Catuli!,” which translates loosely from Latin to “Let’s Go Cubs!,” hanging from the top of the building.

The good news (for Cubs fans, anyway) is that it will continue to remain open until the foreclosure action is resolved; however, the owners of the club were replaced with a judge-appointed receiver to ensure that the funds are distributed properly.

Unemployed homeowners who have their mortgages with Bank of America — the largest bank-holding company in the United States — might not have to pay their mortgages for up to nine months, according to the Charlotte Observer.

However, there is a catch.

If after nine months the homeowners are either still unemployed or unable to meet their mortgage obligations, Bank of America would take possession of the homes (essentially foreclosing on them) and provide the ousted residents with $2,000 to put toward relocation assistance.

The proposal still needs regulatory approval, but it’s already being hailed as the “banking industry’s broadest effort to ease foreclosure pain for the jobless.”

Mark Pearce, N.C. deputy banking commissioner, tends to agree:

“This seems like a new idea that offers a lot of positives for both the homeowners and the bank. There’s a nice balance, giving people more breathing space but with a date certain for moving to the next step if things don’t work out.”

Details such as eligibility and the application process, as well as if the money needs to be eventually paid back over time, are still under consideration.

Nonetheless, it’s a forward-thinking program that could help owners get back on their feet and, if nothing else, help them save up some cash for the next phase in their lives … whatever that may be.

Stay tuned.

Right now!

We’ve been telling you this for months: If you have the means to purchase real estate then you should act as quickly as possible.

Ilyce Glink from CBS MoneyWatch.com drives our point home with her article, “3 Reasons Why Now The Best Time To Buy A Home.”

These important points should come as no surprise for our regular readers:

1. Homebuyer tax credits
2. Mortgage rates are at 40-year lows
3. Home prices are at generational lows, too

Sound familiar? It should — We’ve been harping on this “perfect storm” as frequently as possible because it’s TRUE.

Historically-low prices, as well as interest rates, and limited-time government incentives ($6,500 and $8,00o tax credits) make this an awesome opportunity to score a deal of a lifetime.

These conditions won’t last forever. In fact, the tax credits are set to expire later this month (April 30).

So what are you waiting for?

Head over to Foreclosure.com right now and check out the best deals in your area before someone else beats you to it.