Why would the answer to that question be important to you for Burnham, Illinois? Just let us know....
When you are looking to sell, you want the Realtor, i.e. the agent who understands your needs, and
with whom you have a good rapport, you understand him/her and vice versa. You also want when it comes to a listing agent (assisting you in selling y our home) a very honest Realtor, one who puts the
real facts and numbers for your home and your market in front of you, and explains how he will market your home, and who will stay in constant contact with you about the showings and feedbacks..... etc.
If you are buying you need to work with a Realtor who loves to work with Buyers and understands their
time frame, some are in a hurry and some have time to find what they are looking for, a Realtor who
will be committed to you his/her buyer client, all that is required from you to also be loyal and committed to just one Realtor, your personal Buyers Agent....
If you need to get more insights feel free to e-mail me, if you need a good recommendation for your
areas of interest e-mail and I gladly send a recommendation your way.
Good Luck to you
Edith YourRealtor4Life & Chicago, North Shore & Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and
Investors alike....And always with a SMILE :)
Covering for @Properties Chicago & suburbs, and with her trusted Partner
Agents US & world wide properties. French, German, some Spanish &more EdithSellsHomes@atproperties.com or EdithSellsHomes@gmail.com
Check out my website at http://tinyurl.com/YourRealtor4Life
Get to know me! Learn about my experience, expertise, services! Read letters
of recommendation! Sign up to search for properties in my expanded service area.
HAVE THE MOST WONDERFUL DAY :)... more
Agreed. List the property as it is currently identified on City/Public records. If something's amiss, and the City record does not match the physical layout of the property, state something to that affect in the disclosure line of your MLS or attach an addendum to minimize any potential misrepresentations or legal ramifications. CYA - all the way!!! Good Luck!... more
HOUSING OPPORTUNITIES UNLIMITED located at 2858 W. Diversey in Chicago is a new organization tasked with assisting Section 8 Voucher holders with finding apartments, condos and houses in the neighborhoods of their choice.
In addition to that, we will give you $500.00 toward your Security Deposit or you may use the money for furniture.
The catch you ask?
Attend a 45 minute orientation about our program and Fair Housing. After that you will assigned a Mobility Counselor to assist you with your search. We handle all of the paper work and inspections form beginning to end. We stay in contact with you and the landlord to ensure everyone is happy.
We assist with searching for units all over the city of Chicago. We focus on the neighborhoods of your choice. We do not try to steer you into neighborhoods that do not suit you. We understand that HCV stands for Housing Choice Voucher! It's your choice!
The program is very new. We've been tasked with giving away $200,000 in increments of $500.00. One grant per household.
We work with Real Estate Agents, Private Landlords and Property Managers all over the City of Chicago.
Call the office Monday-Friday from 9am-5pm. Make an appointment and don't forget to bring your moving papers!
Toska Palmer/Mobility Counselor
If anyone could predict the future in R E we would be rich and retired. All I can say is that the entire market in all Burbs and chicago neighborhoods has started to change after 5-6 yrs of disaster. The extent to which that will progress is unknown. Plan to keep whatever you buy longer than shorter. 2yrs is not long. When you add your closing costs ont he buy side and the sell side you will need to have about a 7% appreciation just to break even. Why bother doing this if you cannot at least make 20% return and no way that will happen in 2-3yrs.... more
I am not an attorney and you should definitely think about getting one, or at least getting good counsel. But if you are pretty savvy and organized you can possibly do this on your own. Two things to do immediately:
1. Get on the phone with your bank ASAP. Your silence will lead them to believe you do not care. Open up a dialogue and see what options are available to you. A loan modification is quite a process but can be done. If you only owe a few months they may put it on the back end for you if you can prove ability to pay. Banks do not want to own real estate if they don't have to. If you can get to a branch that may also be a good start. Always helps to talk to real person. Can't hurt.
2. Absolutely keep the court date. It takes over a year for a foreclosure to go through. So get in front of the judge and tell him you are working it out. Time is on your side.
I wish you luck. If you are persistent you should prevail.
Ian Halpin / Broker
Jameson Sotheby’s International Realty
425 W. North Ave. / Chicago, IL 60610
O: 312.335.3220 / F: 312.229.9190 / C: 773.531.4479
email@example.com | www.jamesonsir.com... more
The city, County, State are BROKE. They are incapable of fixing it because it has gotten out of control and the A hole politicians do not rally care since they have plenty of money(bribes-lobby influenced perks) themselves.
The quality of life.....schools/transportation/taxes are all having a slow, persistant never ending financial and pychological deterioration.
To change this will take more than we have the power/will to do. Since I am older, it will not affect me as much,but if I was younger, and know what I know today, I would NEVER make a decision to stay and get locked in to this mess.
There is nothing good that can counterbalance this crap!... more
Not likely. Many have thought this approach would be beneficial and get them a better deal and many have failed. Find a good Realtor that knows the areas you are looking in, have him/her set you up with a search on the MLS based on what you are looking for and go from there. That is going to be your best option for actually buying something. The days of getting properties 10-40% under market value are gone. There is enough competition out there that you should be prepared to pay close to market value to secure something. Happy hunting.... more
See the article I wrote for my Trulia a blog. The link is attached. Trulia also asked all Borkers in Chicago the same questions about two months ago and Trulia Chicago rated my answer as the best answer.
I hope it is helpful... more
I hope you're coming up here for the closing and to oversee the initial phases of this yourself. Contact several agents and property managers, and hire the one who will provide you with what you need to do this project. Hard to manage it effectively from NC.... more
Just something to keep in mind: I live in Downtown and my husband works in Mettawa. It is a two hours and a half commute by train or one hour and a half by car.
But if you want live in Chicago you probably wanna be in the middle of everything. Considering that, Gold Coast, Streeterville, Lakeshore East, Lincoln Park and Lakeview could be good options.
If you are going to commute by train, a good option is to live close from some of the buses lines that take you directly to Union Station. You will have to leave home around 6am to arrive at the work at 9am, so you will not want to do a transfer so early in the morning.
If you are going to drive to work, I definitely would take a look to any property near the lake. I wouldn't compromise the neighborhood for 10 minutes less on the commute. Another thing to keep in mind is that you will have to pay an additional $200 (more or less) for parking in any of the neighborhoods I mentioned and parking in street is almost impossible in any of them, even if the realtor tells you the opposite.
From the neighborhoods above, I believe that Lakeshore East is the most expensive, as the buildings are newer, the other ones are pretty similar.
Also, before you take your final decision, take a look at Yelp.com to see the reviews from the building. Just type the address and you will find that, there are some buildings that seems amazing, but have severe management problems.
Good luck!... more
I think it is fine to buy without 20% down. I think both interest rates and home prices are on the upswing. So why wait for a higher interest rate or higher home price if you have a god deal on a mortgage... more
Get yourself pre approved by a Lender and work with a Realtor to analyze the building for you. If you are interested in the unit, what do you have to lose by submitting an offer? Let them tell you NO!... more
To answer your question: No, it is generally not law that you cannot evict in winter. That is somewhat of a myth. Your landlord can proceed with eviction proceedings if he has grounds to do so.... more
HUD insures lenders against mortgage losses through foreclosure originatiing with an FHA loan. FHA loans allow a minimum down payment of 3.5%. They are normally utilized by first time buyers due to the low initial buy in cost.
Hope this helps,
Todd Akes... more
Your lender will decide if you need PMI or MIP which are the mortgage insurances for FHA and Conventional loans. It is all a matter of how much down payment you put down. These are questions for the loan officer you should be talking with as step #1 in the buying process.... more
You can ask for a loan summary however the GFE (Good Faith Estimate) is easier to compare charges between differeent lenders. . This will show how much the :
page 1 of GFE:
1. Summary of your loan - Interest rate, term of loan, monthly PITI payment
2. Summary of settlement charges - origination fee (lender fee) and settlement services
page 2 of GFE:
3. Understanding you estimated settlement charges - this will show the lender fee (every lender has a lender fee) and if they are charging you "points" for the rate they gave you. I have found time and time again $1000 charges here for higher rates then the rate I gave with no points.
4. Description of your settlement services - here is the list of charges for appraisal fee, credit report, flood certification , mortgage insurance, condo fees, second mortgage subordination fees etc.
page 3 of GFE
5. Explaination of fees that can chage, will not chage and the HUD -1 you will get at closing.
The GFE will not show you if the lender is giving you a lender credit to help cover your lender fees and settlement charges. I typically try and give my borrowers as much lender credit as I can with the lowest interest rate. As I metioned in the above descriptions, all lenders have lender fees, they may just charge you a higer rate or charge points to cover their costs.
Some additional notes about charges:
Appraisal - this is a service that the Lender must disclose the charge as they have to order it from an unbiased appraisal desk. This is typically a fee a lender will charge upfront and can only charge you the actual cost of the appraisal.
Lender fee - what the lender charges to originate the loan, typically lender fee and process fee. Guaranteed Rate is $840 plus a processing fee of $150. If they say they don't have a lender fee, then look at the points they are charging you for the rate they gave you! Or if they say it's a no cost loan, look at the rate and the APR (average percentage rate of the life of the loan includes interest rate and the cost of doing the loan)
Please feel free to call me to discuss or get a quote!
Mary Kay Laurent
Vice President of Mortgage Lending
o: 773.516.6859 / m: 312.403.4150 / f: 773.516.6014
3940 North Ravenswood , Chicago, IL 60613
NMLS ID: 870598
State License Numbers: CA - CA-DOC870598 - 4130699, IL - 031.0032236 - MB.0005932, WA - MLO-870598 - CL-2611... more