Home Buying in Chicago : Questions & Answers

change location

cancel or

Q&A

2,351
Dan Taylor, Real Estate Pro in Dunmore, PA
Dan Taylor answered:
203k loan confusion...HELP, am I on the right track?
It may actually not even be possible for EITHER of those scenarios. The first (80+40) would be above your pre-approved lending amount. The second (50+30) theoretically may work. However ... more
0 votes Share Flag Earlier today Home Buying in Chicago
Noah Seidenb…, Real Estate Pro in 60202
Noah Seidenberg answered:
How to buy a Fanny Mae homepath condo?
Have you found a property you are interested in yet? Have you spoken with a lender or viewed the Homepath website? There are many programs available and you may be able to repair your F ... more
0 votes Share Flag Yesterday at 7:43pm Home Buying in Chicago
Noah Seidenb…, Real Estate Pro in 60202
Noah Seidenberg answered:
How do I find mortgage lenders that are willing to work with those with poor credit?
Just be honest and ask the lenders. If you are straight forward you will get an honest answer.
Good luck.
0 votes Share Flag Yesterday at 7:26pm Home Buying in Hegewisch
Noah Seidenb…, Real Estate Pro in 60202
Noah Seidenberg answered:
How do I go about finding a local agent?
Ask your friends who they use and call some of the local Real Estate companies and interview a few Realtors and find someone you feel comfortable working with.
0 votes Share Flag Yesterday at 7:24pm Home Buying in Hegewisch
Thomas Evans, Real Estate Pro in Boise, ID
Thomas Evans answered:
My husband and I would like to buy our first home! What are the requirements? Help please
The first step is to select a home mortgage lender and apply for a mortgage if you don't have cash to buy outright. That will tell you how much money you need to put down and how much ... more
0 votes Share Flag Sun Mar 1, 2015 Home Buying in 60804
Crisann Conr…, Real Estate Pro in 89128
Crisann Conroy answered:
How do I take a look at properties? I am interested in a few locations that are listed.
Have you considered looking at the Las Vegas market? We have amazing weather and I have found properties for many buyers from Chicago who have retired or relocated here.

Please click ... more
0 votes Share Flag Sat Feb 28, 2015 Home Buying in 60645
Crisann Conr…, Real Estate Pro in 89128
Crisann Conroy asked:
If you are considering a move to Las Vegas, please check out my new listing & click on the link... http://tours.virtuance.com/302013 This house has amazing mountain views and is located just north of Summerlin. 3 bedroom with a spacious study/den on the first floor which could be made into a 4th bedroom. Loft upstairs…
0 votes Share Flag Sat Feb 28, 2015 Home Buying in Chicago
Greg Zajdel, Real Estate Pro in 60056
Greg Zajdel answered:
safe areas in chicago
Use app Homefacts... Llok for different crimes!! It's a good app.
0 votes Share Flag Sat Feb 28, 2015 Home Buying in Lincoln Park
Michael B De…, Other/Just Looking in 48415
Michael B Decman 630-427-4668 answered:
Any lender recommdations that will work with a 620 credit score?
no problem at all..

Mike Decman
Cherry Creek Mortgage Company
6440 Main Street, Suite 320
Woodridge, IL 60517
Loan Officer NMLS # 847074
Office 630-427-4668
Cell 239-633-6 ... more
0 votes Share Flag Fri Feb 27, 2015 Home Buying in Chicago
Bill Cook, Real Estate Pro in Lake Forest, CA
Bill Cook answered:
How long after a short sale?
Typically it is 2-3 years with most lenders and a 700+ FICO score.
Havign said that , we have a portfolio loan that lets you purchase a home only one day after a short sale or foreclo ... more
0 votes Share Flag Thu Feb 26, 2015 Home Buying in Chicago
Matt Laricy, Real Estate Pro in Near North Side, Chi...
Matt Laricy answered:
capital gains taxation
I would always discuss directly with an accountant on these issues. I think it is very personal and can lead to the best advice.
0 votes Share Flag Thu Feb 26, 2015 Home Buying in 60617
Mike Opyd, Real Estate Pro in Near North Side, Chi...
Mike Opyd answered:
How many years of taxes do i have to show for income?
2 years usually. But you may be able to use 1 depending on what your job is. Speak to a lender and see what they say.
0 votes Share Flag Thu Feb 26, 2015 Home Buying in 60804
Mike Opyd, Real Estate Pro in Near North Side, Chi...
Mike Opyd answered:
How soon can you purchase a new home after filing chapter 7 bankruptcy?
Everyone below pretty much answered this. I would also speak to a lender if a few years have passed already.
0 votes Share Flag Thu Feb 26, 2015 Home Buying in Lincoln Square
Noah Seidenb…, Real Estate Pro in 60202
Noah Seidenberg answered:
I am interesting in purchasing a home within a year. Is there someone that can guide me in the right path so my finances and credit will be in good?
A good lender can guide you in credit repair or raising your FICA score. There are many lenders and mortgage brokers interested in helping their clients.
0 votes Share Flag Wed Feb 25, 2015 Home Buying in 60804
Mark Zatz, Real Estate Pro in 60102
Mark Zatz answered:
I will be a 1st time home buyer, but I will like to get my finances in order . Can pass credit problems be bad even though I paid it off?
That all depends on what your credit report has in it....
Best to contact a good mortgage loan officer. I can refer one to you if you would like.


Mark Zatz
630-669-9532
0 votes Share Flag Wed Feb 25, 2015 Home Buying in 60804
Mark Zatz, Real Estate Pro in 60102
Mark Zatz answered:
Here is my situation. I just started a new job a week ago. Can I qualify for a loan?
Best to contact a good mortgage loan officer. I can refer one to you if you would like.
But usually being in the same line of work or profession is all that is required.

Mark Zatz
... more
0 votes Share Flag Wed Feb 25, 2015 Home Buying in 60804
Mark Zatz, Real Estate Pro in 60102
Mark Zatz answered:
Who owns 1856 N Howe st?
Best place to check that is through the cook county recorders office.. Online is www.ccrd.info.
If you are thinking of writing an offer or looking for similar properties, I would love ... more
0 votes Share Flag Wed Feb 25, 2015 Home Buying in Lincoln Park
Mark Zatz, Real Estate Pro in 60102
Mark Zatz answered:
Do you think the fact that 1/3 of a condo buildings units are owned by CHA and rented out for low income housing,affect resale value of other units?
All factors become an issue when trying to determine market value of a home. It would be best to due as much due diligence as possible before buying or selling. Consulting with a knowle ... more
0 votes Share Flag Wed Feb 25, 2015 Home Buying in Lincoln Park
Mark Zatz, Real Estate Pro in 60102
Mark Zatz answered:
My daughter put a contract on a gut rehab in Lincoln Square with the stipulation of an inspection. Some major
I would refer this to an attorney. I can refer one to you if you would like.

Mark Zatz
630-669-9532
0 votes Share Flag Wed Feb 25, 2015 Home Buying in Lincoln Square
Mark Zatz, Real Estate Pro in 60102
Mark Zatz answered:
How much below asking should an initial offer be on a new construction condo? Taking into consideration
There is no specific rule of thumb. Many builder when starting a project will be more aggressive to get units sold.
Best of luck.
0 votes Share Flag Wed Feb 25, 2015 Home Buying in Lincoln Square
1 2 3 4 5 6 7 ...
Search Advice

Followers

1629
Email me when…

Learn more

Meet the Trulia VIPs
Nadia Barnett, Broker in Chicago
Nadia Barnett
Broker
Chicago
Daniel Al Bazi, Broker in Chicago
Daniel Al Bazi
Broker
Chicago
Patricia Ahern, Agent in Chicago
Patricia Ahern
Agent
Chicago
Tiffany Vondran, Broker in Chicago
Tiffany Vondran
Broker
Chicago
Home > Q&A > Illinois > Cook County > Chicago > Home Buying in Chicago
Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer