If it is bank-owned, the process is relatively quick. You need to know that you will be buying the home "as-is" and that the cost of a survey will be your responsibility as a buyer. You can purchase a home warranty to protect yourself.
If it is a pre-foreclosure, this requires a lot of "heavy-lifting" on the part of the agent. If they are not willing to put in the time on the phone, fax, and email with the banks to get a response and be the "squeeky wheel that gets the grease" then it could be a very very very long process. - Wed Aug 6 2008, 11:44
William: Your situation sounds like many I have faced over the past year. I would be willing to sit down with you and learm more about your situation in depth and detail and see how I can best help you with your mortgage company. I am based out of Wheaton and Naperville. I have helped many people avoid foreclosure, and it does not always involve having to sell your home. Please call me at 630.202.7241 - Mon Jul 28 2008, 12:40
Jim, I would ask the seller to pay your closing costs and work with your lender on the goverment grant for first time homebuyers. These require a lot of legwork on the part of your lender and he/she sounds like they are working hard for you if they are looking at getting you grant $$ - Mon Jul 28 2008, 12:34
Donald, here is a look at the Mapquest directions. I don't agree with the taking of 355 to North Ave, then coming back down. However you can see that by taking Roosevelt Rd to Butterfield Rd East to York Rd North you will be in downtown Elmhurst from Kingsbrook Glen townhomes in about 20-25 minutes. - Sat Jul 19 2008, 08:52
Glen Ellyn to Elmhurst is very close. By Metra (the local regional transportation rail line) it is exactly 14 minutes from downtown Glen Ellyn to downtown Elmhurst. You have 9 trains to choose from to get you into downtown Elmhurst before 9AM
By driving, you take Roosevelt Rd all the way east to Butterfield Rd east to York Rd. This will actually take you a few minutes longer, but not more than 25 minutes - Fri Jul 18 2008, 12:34
Commissions can vary and there is no such thing as a set or blanket commission for an area. Best bet would be to interview several agents and look at the entire package, not just commissions. Some may charge a low rate, but then will do absolutely nothing for you. Go with the agent you feel the most comfortable with and will work the hardest for you to get you the best results - Fri Jul 18 2008, 12:56
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.