Are you looking at making a Cash or Financed Purchase?
If Financed then I suggest you get yourself preapproved.
As per Foreclosures in the Lakeview area, there are a few available but the inventory has dwindled over the last year or so.
Feel free to contact me and I'd be happy to answer any questions about Financing or Foreclosures that you may have.
Mary Key is amazing. I can certainly assist you. Our office prints our a foreclosure list weekly. I will tell you the number of pages from last year this time to now is much different, it is 75% smaller. We have cleared the largest cycle as we are headed in the upward property trend that is continuing.
Manuel Brown Re/Max Edgewater 773.398.7460
Also - Fannie Mae is offering to primary home buyers, 3.5% towards your closing costs on their HomePath.com properties - these are foreclosures that have special terms (5% DP no MI- no condo warranties etc.) I do mortgages for these - contact me to review the amazing terms! This offer from Fannie is only on till 3/31/14 and must close by the end of May - you can check out my blog for more information.
I would be happy to review the terms with you, You can go to my secured website 24/7 and apply for a mortgage and get a pre-approval (for qualifying borrowers) in 10 minutes, plus you will get $150 off your closing costs and free credit report for you to keep.
With warm regards,
Mary Kay Laurent
Associate Vice President of Mortgage Lending
o: 773.516.6859 - m: 312.403.4150 - f: 773.328.1740
However, foreclosures are down in lakeview. You will have a very tough time finding one. The days of being Jessie James and stealing these bad boys is done with. I would suggest finding something that fits your needs and not only focusing on foreclosures.
I'd like to make a point the will sound like basic "common sense" but many buyers overlook this and find out too late that they really don't have good representation.
Your effort to identify an active and good agent to represent YOU is a sound initiative. Where people make the mistake is by contacting the "listing agent" for information and representation. Since this individual already has a working relationship established with the bank/owner and likely has multiple listings with this agency, where do you feel their alliance will fall. With relationships such as these the potential for a "conflict of interest" is just too high.
The basic rule of thumb applies here.....and in most other real estate scenarios, "buyers should have their own personal representation..."
Hope this helps!
1) Do you mean bank owned properties or short sales? There are lots of tradeoffs and you may not be getting the deal you think you are.
2) Look at the staffing model of a broker. How much time can they devote to each client given their volume?
3) Are they willing to share their commission with you? And how can they in these circumstances?
Baird & Warner
773 677 5340
I've written a best selling book called Buying a Home: Don't Let Them Make a Monkey Out of You. It'll teach you how to buy a home and get a mortgage without getting ripped off. Follow the link below.
Best of luck!