Chicago Ridge : Questions & Answers

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Suzanne Hami…, Real Estate Pro in Orland Park, IL
Suzanne Hamilton answered:
What risks do a lease option hold for the buyer and what benefits do a lease option hold for the buyer?
Rental with a lease option usually only gives the renter first rights if the owner intends to sell. It doesn't establish a sale price or even allow a rental rebate toward purchase, unl ... more
0 votes Share Flag Thu Jan 31, 2013 Rental Basics in Chicago Ridge
Suzanne Hami…, Real Estate Pro in Orland Park, IL
Suzanne Hamilton answered:
What is a land contract and what are the dangers involved for the buyer?
A believe you mean a contract for deed is where the seller is financing you instead of going to a lender. Typically, the seller will charge you more interest than a regular lender, and ... more
0 votes Share Flag Thu Jan 24, 2013 Home Buying in Chicago Ridge
Sue Stalzer, Real Estate Pro in Saint Charles, IL
Sue Stalzer answered:
middle score 625 can i get a mortage in illinois
You may have some "clean up" work to do, but scores alone aren't the only factor. Feel free to call me and I can refer you to a trustworthy lender who can give you a det ... more
0 votes Share Flag Tue Sep 13, 2011 Home Buying in 60415
Estrella2857, Home Buyer in Chicago, IL
Estrella2857 asked:
short sale question. We made an offer for 275,000 the bank said they had an approval, and when they sent it turned out they wanted more money, like almost 28,000 more! Is it normal for them to say approval but mean counter offer? This whole thing is very confusing.
0 votes Share Flag Fri Feb 5, 2010 Foreclosure in Chicago Ridge
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