Home Buying in 60030 : Advice

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Edwin George, Real Estate Pro in 60030
Edwin George answered:
I own a manufactured home in an over 55 community...I am looking to mortgage or borrow $25,000 on it my credit score is 780
You might want to look into Credit Unions. I know they will sometimes deal with loans under 50k.

Ed George
Baird and Warner
847-915-8071
0 votes Share Flag Wed Feb 19, 2014 Home Buying in 60030
Jfinsup1, Home Buyer in 60030
Jfinsup1 answered:
Short Sale Estimated Time Frame
Our short sale from begining to end -- from the day we made our offer (mind you the seller had 2 mortages but with the same bank) took about 2 months and 3 weeks. We were expecting a l ... more
0 votes Share Flag Mon Apr 1, 2013 Home Buying in 60030
Jim Starwalt, Real Estate Pro in Grayslake, IL
Jim Starwalt answered:
Short Sale Approval
So. Jfinsup,,
For the record, how long did the short sale take to complete? And do know how many banks were involved which bank or banks they were? (on the short sale side?)
Jim
0 votes Share Flag Mon Apr 1, 2013 Home Buying in 60030
John Walin, Real Estate Pro in Libertyville, IL
John Walin answered:
When a house is purchased 150K (450K vs. 300) below it's tax-bill fair mkt value can you appeal the taxs, will the new amount be the purchase
ld question, but definitely! I recommend you utilize the services of Lake County Appeal, they work on a contingency basis. Usually best to get a full year of recent sales excluding curr ... more
0 votes Share Flag Sun Mar 31, 2013 Home Buying in 60030
John Walin, Real Estate Pro in Libertyville, IL
John Walin answered:
Is now a good time to flip a house paid for with cash?
Roi

Did you attempt a purchase for flipping?
0 votes Share Flag Sun Mar 31, 2013 Foreclosure in 60030
John Walin, Real Estate Pro in Libertyville, IL
John Walin answered:
Property Taxes
The homes that sell so far under assessed value often are foreclosures and the county taxing authority will not take a foreclosure as a comp in reassessing the house within the neighbor ... more
0 votes Share Flag Mon Nov 8, 2010 Home Buying in 60030
John Walin, Real Estate Pro in Libertyville, IL
John Walin answered:
As a short sale buyer - do I have a right to know the results of the bpo?
Hi
In short sale situations in Lake County, I have seen where the listing agent sets an artificially low asking price to get offers, and then after an offer comes in, bank orders a di ... more
0 votes Share Flag Thu Aug 26, 2010 Home Buying in 60030
Jfinsup1, Home Buyer in 60030
Jfinsup1 answered:
I made an offer on a short sale -- the original asking price was 199,900 and then it was lowered to $140,00 after 100 days -- I offered $140,000 --
Well from what I understand the buyer has 2 mortgages on the house totaling around $250,000 but both mortgages are with the same bank. I have also been informed that the house is in the ... more
0 votes Share Flag Thu Jul 22, 2010 Home Buying in 60030
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