60620 : Real Estate Advice

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Lawrence Yuen, Real Estate Pro in Downers Grove, IL
Lawrence Yuen answered:
Home lender is letting me assume the mortage on my deceased moms home. Best way to do it has a 9.5% interest and needs repairs that I would like to do
Depending on the severity of the required repairs, you may be able to do a conventional cash out loan as long as there is enough equity to borrow on. The appraisals are not a stringent ... more
0 votes Share Flag Thu May 19, 2016 Home Buying in 60620
USMortgageRa…, Real Estate Pro in Plano, TX
USMortgageRanger answered:
Assuming my deceased mothers mortgage or purchase for whats left on loan.
Hi Elaine,

Based on your post there are a few question to ask. Did your mom have a will stipulating that you should receive the property and was the will probated. If so the Lender c ... more
1 vote Share Flag Thu May 5, 2016 Home Buying in 60620
Roziegerci, Home Buyer in Bayonne, NJ
Roziegerci answered:
Hello , I'm looking for a few good rehabbing companies on the south side of Chicago and south suburbs.
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0 votes Share Flag Mon Mar 21, 2016 Foreclosure in 60620
Bob Brandt, Real Estate Pro in Schaumburg, IL
Bob Brandt answered:
Am I still in contract with seller if she won't sign the mutual cancelation form to release my earnest money deposit. The property has been
You should ask your real estate attorney to lay out all of your options and pick the one that works best for you.
0 votes Share Flag Fri May 29, 2015 Home Buying in 60620
Robert Hanson, Real Estate Pro in Olney, MD
Robert Hanson answered:
If I just purchased a car a month ago will this hurt my chance of getting approved for a mortgage? I am a first time buyer
It may or may not as indicated below. IF you are having trouble, give me a ring. I have a wide variety of mortgage structures that can sometimes allow us the flexibility to work with si ... more
0 votes Share Flag Fri Jan 17, 2014 Financing in 60620
Harry Maisel, Real Estate Pro in Winnetka, IL
Harry Maisel answered:
My name is Andre, will a bank approve me for a loan for a 3 flat bldg in chicago with me having no experiece as a landlord ?

You absolutely do not need any experience being a landlord in order qualify for a mutli-unit property.
Before I got into residential real estate brokerage, I owned several mu ... more
0 votes Share Flag Sun Oct 13, 2013 Home Buying in 60620
Nekesha Burt…, Real Estate Pro in Chicago, IL
Nekesha Burton answered:
I own a home in California and am currently on a forbearance agreement. I am paying an extra $1000 every month and will be current in August.
Good Morning Faye,

The forbearance should not affect the sale as long as you are current on the mortgage at the time of the sale as well as all late fees and other fees associated w ... more
0 votes Share Flag Mon May 27, 2013 Foreclosure in 60620
Matt Laricy, Real Estate Pro in Chicago, IL
Matt Laricy answered:
Can I legally sell a home that I have a forbearance contract with?
I would also speak to an attorney for a little bit of help .
0 votes Share Flag Fri May 17, 2013 Home Buying in 60620
Riccardo War…, Real Estate Pro in Bolingbrook, IL
Riccardo Wardlow answered:
We just bought a property in Chicago and only my wife's name is on the deed and mortgage. What rights do I have to the property?
If your wifes name is the only one on the deed that means you signed away homestead. If that is the case, you don't have any rights to the property. However, if she is on the Deed and t ... more
0 votes Share Flag Wed May 1, 2013 Home Buying in 60620
Accurate Ins…, Real Estate Pro in Chicago, IL
Accurate Inspections & Consulting answered:
I saw a 3 bed 1 bath condo for, $5K, in my area. The building is in receivership. Should I stay away from this as a first home buyer?
Reality check here folks. $5K Condos aren't usually the deal they may seem to be. Tread cautiously.
If the building is in receivership, it means that it has severe enough problems for ... more
0 votes Share Flag Fri Apr 27, 2012 Home Buying in 60620
Andrew M.,  in Miami Beach, FL
Andrew M. answered:
defautled on forbearance agreement and house is in foreclosure. Can I become current by paying all deliquent,fees before sale date?
The entirety of the note or mortgage often becomes due on notice of foreclosure. So in your situation, in order to become current, you would have to pay the whole balance of the mortgag ... more
0 votes Share Flag Wed Jan 18, 2012 Foreclosure in 60620
Jim Simms, Real Estate Pro in Louisville, KY
Jim Simms answered:
i want to get into a rent to own property, what do i need to do??
Based on my personal experience working with credit challenged individuals most of the rent to own situations do not result in homeownership. In fact, it is amazing how unrealistic the ... more
0 votes Share Flag Thu Sep 1, 2011 Home Buying in 60620
Monique Wash…, Real Estate Pro in Chicago, IL
Monique Washington answered:
how can i go abt comapring real estate cost in my area...I feel i maybe payin to much.
Hi Greg, as a professional, seasoned and smart Realtor I give my buyers a market analysis report before we draw up a purchase offer. It shows similar properties that have closed in the ... more
1 vote Share Flag Thu May 19, 2011 In My Neighborhood in 60620
Trudo Realty, Real Estate Pro in Chicago, IL
Trudo Realty answered:
how can i get apt with no sec dept eor 400 dollars or 600?
A lot of landlords in Chicago are abandoning the "security deposit" model and moving to a "move-in fee" model instead, where you pay a non-refundable fee (typically ... more
0 votes Share Flag Thu Nov 18, 2010 For Rent in 60620
Laura Karamb…, Real Estate Pro in Downers Grove, IL
Laura Karambelas answered:
My home was suppose to be sold in a auction how much time do I have to move and can property be saved?
I would like to add:

When you received your foreclosure notice it contains contact information for the bank's attorney. You can contact them directly to see if your home actual ... more
0 votes Share Flag Mon Aug 30, 2010 Foreclosure in 60620
Wayne Beals, Real Estate Pro in Oak Park, IL
Wayne Beals answered:
how much did the last home in chiago il 60620 zip code sell for?
The last 14 days have seen 8 sales of single family homes. The range is from 39K at the low end to 179,900 at the high end.

Feel free to contact me if you need more info.
1 vote Share Flag Fri Jun 27, 2008 Home Selling in 60620
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