Home Buying in Chicago : Advice

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Lindsay Kronk, Real Estate Pro in Chicago, IL
Lindsay Kronk answered:
does a buyer ever have to pay the real estate agent?
In Chicago, the buyer's agent is paid for by the commission awarded to the listing broker from the seller. The commission percent varies, but the buyer is not responsible for payment. I ... more
0 votes Share Flag Yesterday at 7:47am Home Buying in Chicago
Rmcallis2, Home Buyer in Chicago, IL
Rmcallis2 asked:
average cost of utilities for an all electric 2000sq ft. house geothermal closed loop furnace
0 votes Share Flag Fri Feb 5, 2016 Home Buying in Chicago
Harjeet Bhat…, Real Estate Pro in Naperville, IL
Harjeet Bhatti answered:
Does rental mortgage count against my DTI for personal residence mortgage?
You purchased these investments in 2014, so you should have 2 years tax returns. If the rental income is positive on your tax returns, it will not count against your dti. If the rental ... more
0 votes Share Flag Thu Feb 4, 2016 Home Buying in Chicago
Margaret Pri…, Real Estate Pro in Lafayette, CA
Margaret Price answered:
if your home is forclosed on, do you receive any money after it's sold?
California has anti-deficiency laws. So, if the mortgage was a purchase-money loan, the lender cannot come after you to make up the difference between the price your home brought when i ... more
0 votes Share Flag Thu Feb 4, 2016 Home Buying in Chicago
John Meyers, Real Estate Pro in Park Ridge, IL
John Meyers answered:
Need help finding fha approved condos.
Real estate brokers can search FHA approved properties on the MLS. -- I would be happy to help!
0 votes Share Flag Wed Feb 3, 2016 Home Buying in 60616
John Meyers, Real Estate Pro in Park Ridge, IL
John Meyers answered:
Hi. This is my first year in USA, I work as a taxi driver , I have low income,can I buy a house ???
Hello Tarifas,

You will need to build credit, establish a social security #, etc before being qualified for a home loan. --

Rent for now and always pay your utility bills, etc on ... more
0 votes Share Flag Wed Feb 3, 2016 Home Buying in Chicago
Nick Kanaan, Real Estate Pro in Lisle, IL
Nick Kanaan answered:
How long after a short sale?
You do have another option. It is a program that allows for the purchase of a home 1 day out of Bankruptcy or Foreclosure. It requires 20% down and assets to show 12 months of reserves. ... more
0 votes Share Flag Sat Jan 30, 2016 Home Buying in Chicago
Nick Kanaan, Real Estate Pro in Lisle, IL
Nick Kanaan answered:
Any referrals for hard-money lenders in the Chicagoland area?
I do have some Hard money outlets. Feel free to contact me to review
0 votes Share Flag Sat Jan 30, 2016 Home Buying in 60641
Jack Lewitz, Real Estate Pro in Lincolnwood, IL
Jack Lewitz answered:
What is the difference between purchasing a foreclosure property via auction vs. through a realtor?
I think you need to know there are several types of auctions. The first one is held at various sites in Chicago each day where the lender is one of those bidding at the auction against ... more
0 votes Share Flag Sat Jan 30, 2016 Home Buying in Chicago
Scott Godzyk, Real Estate Pro in Manchester, NH
Scott Godzyk answered:
Are the buy your home for cash companies legitimate companies?
Some are, most are not. The key fact is they will only pay under market value, usually way under market value such as half price. A seller is better off listing with a local and well ex ... more
0 votes Share Flag Tue Jan 26, 2016 Home Buying in Chicago
Jack Lewitz, Real Estate Pro in Lincolnwood, IL
Jack Lewitz answered:
question regarding my mothers house, she passed away 2 years ago and she has a mortgage on the house and I wish to buy it
I agree with Amelia.. You have several issues here that need an attorney. Find one that can represent the Estate of your mother and the siblings involved and has a background in Real Es ... more
0 votes Share Flag Mon Jan 25, 2016 Home Buying in Chicago
Jack Lewitz, Real Estate Pro in Lincolnwood, IL
Jack Lewitz answered:
Are there any renovation projects going on in northwest city that will allow us to really Pick the finishes and options over builder grade...?
Typically Rehabbers put the home back on the market after rehab and buyers not likely able to select appliances but you may find a home listed earlier in the process and negotiate these ... more
0 votes Share Flag Mon Jan 25, 2016 Home Buying in Chicago
Jeff Nobleza, Real Estate Pro in Evanston, IL
Jeff Nobleza answered:
Can you purchase foreclosures or short sales homes with FHA loans? Do i have to put my fiance name on loan if he only help with down payment?
You can purchase a foreclosure or short sale home with an FHA loan if the home meets FHA requirements (mostly condition of home and appraisal)

Concerning whether or not your fiance m ... more
0 votes Share Flag Fri Jan 22, 2016 Home Buying in Chicago
Jeff Nobleza, Real Estate Pro in Evanston, IL
Jeff Nobleza answered:
What can I do if my credit score is below 500 but I would like to buy a fixer upper for 20,000 or less?
It's unlikely a bank will give you a mortgage of that small of an amount. For an amount like that you would have to pay cash.

Jeff Nobleza
At Properties
0 votes Share Flag Fri Jan 22, 2016 Home Buying in Chicago
Kevin.kasjan…, Home Buyer in Chicago, IL
Kevin.kasjanski asked:
Where can I find data on the number of views an area code receives or home many closings an area code has per month? I am looking for data on various, random markets in the US. Specifically, I am looking for information on the number of home closings, number of area code views, and cost of advertising…
0 votes Share Flag Tue Jan 12, 2016 Home Buying in 60606
Harjeet Bhat…, Real Estate Pro in Naperville, IL
Harjeet Bhatti answered:
Can a graduating international medical student get a loan to purchase a condo unit with 5% down payment? Please advise. Thanks.
Yes, with valid visa and income documents. If student parents are buying as foreign investor then no you need more down payment. You can contact me directly if you have any question.
0 votes Share Flag Tue Jan 12, 2016 Home Buying in Chicago
Brad, Home Buyer in Chicago, IL
Brad answered:
Can anyone recommend a good broker or loan officer that can close a 77,000 HUD FHA loan in 2-3 weeks?
Phil Brilliant
CFS Mortgage

pbrilliant@cfsmortgage.com
http://www.cfsmortgage.com
0 votes Share Flag Thu Jan 7, 2016 Home Buying in Chicago
Onlineloanle…, Home Buyer in New York, NY
Onlineloanlenderz answered:
5% down conventional loan , struggle with reserves. please help!
Hello
Have you been in search for an online loan and don’t know how to go about it? Save yourself the stress and contact Mr John Carter, a certified online lender that disburse ou ... more
0 votes Share Flag Wed Dec 23, 2015 Home Buying in 60614
Glenn Benton, Home Buyer in Huntersville, NC
Glenn Benton answered:
Can I get a home loan 1 day after chapter 13 discharge? With what company?
thats not correct, I just closed on a home in North Carolina and my Chapter 13 is not a year discharged yet. (FHA does allow it. ) Talk to Ronnie at InterContinental Capital Group for m ... more
0 votes Share Flag Tue Dec 22, 2015 Home Buying in Chicago
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