60624 : Real Estate Advice

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Brittany898, Home Buyer in San Francisco, CA
Brittany898 answered:
Hello, can someone help clarify 203k repair requirements?
The experts at Prospect Mortgage can answer all of your specific questions about the types of repairs and renovations that you can undertake when you finance your home with a 203(k) Ren ... more
0 votes Share Flag Thu May 7, 2015 Home Buying in 60624
Carriedia, Home Buyer in San Francisco, CA
Carriedia answered:
as is Appraisal versus FHA 203k Aprasial
FHA 203k Appraisal Guidelines:

An appraisal conducted by a licensed and approved FHA appraiser is needed for underwriting a 203k loan. All residential home loan programs including VA ... more
0 votes Share Flag Wed May 6, 2015 Home Buying in 60624
Santiago Ken…, Real Estate Pro in Chicago, IL
Santiago Kensel Sanchez answered:
Property Appraisal report
The appraisals can write any comment they want related to property market value , and plus now they are doing comments in property condition .
for more info go to http://www.Chicago-ap ... more
0 votes Share Flag Tue Jul 23, 2013 Home Buying in 60624
Bob Brandt, Real Estate Pro in Schaumburg, IL
Bob Brandt answered:
Cash, full price 300K offer (w/ appraisal contingency) rejected by Fannie. Fannie's ctr to one accepted offer rejected by buyer. Bid open
Too many buyers and not enough homes. Expect some price appreciation as a result of the current market and look ahead to where the value will be in 6 months. That will be a better guide ... more
0 votes Share Flag Fri Apr 26, 2013 Foreclosure in 60624
Mike Opyd, Real Estate Pro in Chicago, IL
Mike Opyd answered:
100% list price offer rejected on foreclosure
My guess is you lost out to a cash offer. Cash is king and typically will beat financing offers since its more guaranteed of a closing than a financing offer is. Not your fault.
0 votes Share Flag Thu Apr 18, 2013 Foreclosure in 60624
Mary Kay Lau…, Real Estate Pro in Chicago, IL
Mary Kay Laurent answered:
I'm in the process of signing agreements with a FHA consultant regarding fees charged for an FHA203k contractor draws.
Please contact our Guaranteed Rate 203k Reha department - they are experts in anwering questions regarding this FHA program
Aimee Renkes
Vice President of Mortgage Lending
203k Rehab ... more
0 votes Share Flag Fri Feb 15, 2013 Home Buying in 60624
John Walin, Real Estate Pro in Libertyville, IL
John Walin answered:
FHA203k loan
Great detailed answer, thanks!
0 votes Share Flag Sat Jan 26, 2013 Financing in 60624
Maria Cipoll…, Real Estate Pro in Coral Springs, FL
Maria Cipollone answered:
My scores: 612, 639, 645. I have 40K to put down on 120K investment prop. My monthly net income 3.8K, no debt. Would a national lender consider me?
Shop around for a mortgage broker they have access to many banks, private lenders and many different programs. Choose one that can answer all your questions and give at least two finan ... more
1 vote Share Flag Mon Dec 17, 2012 Financing in 60624
Maria Cipoll…, Real Estate Pro in Coral Springs, FL
Maria Cipollone answered:
I recently bought a condo cash but it needs work. What would be the loan type in this situation?
Predictions for 2013 include home prices continuing to increase as the real estate market stregthens. It will be a good idea to shop around for a mortgage broker that can assist you in ... more
2 votes Share Flag Mon Dec 17, 2012 Financing in 60624
Anna M Brocco, Real Estate Pro in Williston Park, NY
Anna M Brocco answered:
how many liquor stores are here?
Consider a Google search....
0 votes Share Flag Sun Nov 28, 2010 In My Neighborhood in 60624
Ifeta,  in Chicago, IL
Ifeta answered:
Rent loss insurance?
I think you should contact ins agent to get correct answer. I use ALLSTATE they are the best 773-282-9280
Zlatko or Nerm will be very helpfull. Good luck!

Ifeta Faye Redzovic R E ... more
0 votes Share Flag Sat Dec 26, 2009 Home Insurance in 60624
Rob Weber, Real Estate Pro in Naperville, IL
Rob Weber answered:
FHA(203k) or Convention loan? Which is best?
Ken, my post in your other thread pretty much answered this question as well as your other questions in that thread. I'm posting the link to it below, if you still have questions, feel ... more
0 votes Share Flag Fri Jun 12, 2009 Financing in 60624
Brittany898, Home Buyer in San Francisco, CA
Brittany898 answered:
APR on FHA 203k vs Conventional loans ? What factors go into figuring it out? How to shop for it.?
Two little-known home renovation mortgage programs offer solutions for buyers and homeowners who want to renovate.

Fannie Mae and the Federal Housing Administration have home renovat ... more
0 votes Share Flag Thu Jun 4, 2009 Financing in 60624
Ken Dooley, Real Estate Pro in Chicago, IL
Ken Dooley answered:
Is the house for rent?
Erika,

Doesn't look like it. You pulled up a sold link to the property. If it's the location you must have, drive-by and call the sign if there's on there. If not, check for alternat ... more
0 votes Share Flag Fri Sep 26, 2008 In My Neighborhood in 60624
Kale  Realty, Real Estate Pro in Chicago, IL
Kale Realty answered:
How can I find out if a property is in foreclosure, some of the condos seem too good to be true?
hello - check out www.ccrd.info and type in the pin number to see if the bank has filed a lien on the property. Let me know if you need any help

good luck!
0 votes Share Flag Wed Aug 20, 2008 Foreclosure in 60624
Joe Zekas, Real Estate Pro in Chicago, IL
Joe Zekas answered:
who was 3855 w monroe 60624 chicago il sold to ?
The following is from ChicagoTribune.com/homes recent sales:

$315,000 1/3/07
3855 W Monroe St, West Garfield Park, 60624
to Barbara Akintonde, from Charlson Clay

It's not alw ... more
0 votes Share Flag Tue Jul 3, 2007 Home Selling in 60624
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