Park Forest : Questions & Answers

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Riccardo War…, Real Estate Pro in Downers Grove, IL
Riccardo Wardlow answered:
Does the VA offer Rehab loans in the state of Illinois?
What you need is an FHA 203k loan. The VA does not do rehab loans. Give me a call or email if you would like to get qualified and get started.

Sean Cochran
VP Marketing and Developm ... more
0 votes Share Flag Fri Jan 11, 2013 Home Buying in 60466
Michael Huff…, Real Estate Pro in 80128
Michael Huffman - answered:
How can I find out if a property is a HUD foreclosure?
There should be an indication on the listing that its a HUD home and there should be a property case number. You can also look for the property on www.hudhomestore.com.
0 votes Share Flag Tue Jun 25, 2013 Home Buying in 60484
Shanna Rogers, Real Estate Pro in Murrieta, CA
Shanna Rogers answered:
Does anyone know if the $100 Down Payment on HUD foreclosed properties program is still in effect?
If the HUD property is under $50,000, the earnest money deposit is $500. If it is over $50,000, the earnest money deposit is $1,000.

Shanna Rogers
SR Realty
www.RealtyBySR.com
0 votes Share Flag Fri Jan 4, 2013 Home Buying in 60484
Suzanne Hami…, Real Estate Pro in Orland Park, IL
Suzanne Hamilton answered:
Is there a certain time of the year in Illinois that house sales slow down and then pick back up?
Sometimes in December and November, things slow down, but this year there are still contracts going in every day on homes. Serious buyers who want to take advantage of pricing and inte ... more
0 votes Share Flag Mon Dec 10, 2012 Home Buying in 60484
Suzanne Hami…, Real Estate Pro in Orland Park, IL
Suzanne Hamilton answered:
why is it that the agents on trulia seems to not be intrested in selling the homes?
If you are wondering why there are not numbers by some listings to contact agents, it is because while this site does offer free listings, you can pay to have your number on the propert ... more
0 votes Share Flag Mon Dec 10, 2012 Home Buying in Park Forest
Suzanne Hami…, Real Estate Pro in Orland Park, IL
Suzanne Hamilton answered:
A friend tells me that Park Forest is no longer a safe place to live. Are there lots of abandoned and boarded up homes? Is it unsafe?
License laws prohibit Realtors from commenting on crime, saftey, etc. My advice is to research on the internet for crime stats, call the police department and ask questions and visit t ... more
0 votes Share Flag Sat Sep 20, 2014 Home Buying in Park Forest
EdithJasser…, Real Estate Pro in 60093
EdithJasser YourRealtor4Life answered:
Hello, How much is the tax? I am interested in homes in this area
If you are interested in buying a property, in order to avoid to have to search for details and information you truly should work with an experienced area Realtor, this way you will go ... more
0 votes Share Flag Sun Sep 30, 2012 Market Conditions in Park Forest
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
Will it hurt my credit score if i submit information for pre-qualification to more than 1 lender at a time.?
Mortgage inquireries are not counted on your score:
It is, in fact, a good idea to compare;
be sure to get a GFE (Good Faith Estimate) from both.

They should have a similar layout, ... more
0 votes Share Flag Wed Sep 12, 2012 Home Buying in Park Forest
Alain Picard, Real Estate Pro in Puyallup, WA
Alain Picard answered:
Is a trulia estimate for a house the proper price to pay?
It may or may not be. I would say probably not though. The best thing for you to do in my opinion is to talk to a local real estate agent and have them do a CMA (Comparative Market Anal ... more
0 votes Share Flag Wed Jul 18, 2012 Home Buying in Park Forest
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
I would like to know, what is a good price to offer, for 374 saulk trail Ave if i were to buy this proprty from a friend?
What is your objective here;
Making a great buy,
or keeping a Friend?

LISTING PRICE
Understand that the LISTING PRICE has one primary objective, to attract attention: It is not in ... more
0 votes Share Flag Wed Jul 18, 2012 Home Buying in Park Forest
Suzanne Hami…, Real Estate Pro in Orland Park, IL
Suzanne Hamilton answered:
Are there any sites that show only new construction in the south suburbs of Illinois?
Many builders do operate on the MLS. Another area is move.com. There is not a lot of new construction out there right now, but there are some great deals are very new homes (few years ... more
0 votes Share Flag Tue May 22, 2012 Home Buying in 60466
Shannon Will…, Real Estate Pro in Frankfort, IL
Shannon Williams answered:
I have a credit score of 616. Are there any programs that can help me buy a home?
Hi! Please check out www.ihda.org
They have a pilot building blocks program for people with scores between 600-619. I work with a loan person at Harris bank who specializes in this pro ... more
0 votes Share Flag Thu May 10, 2012 Home Buying in Park Forest
Anthony Cava…, Real Estate Pro in Channahon, IL
Anthony Cavalea IV answered:
I found a property and the seller is asking 70,000, it needs work so can I offer like 100,000.00 and get the difference back at closing for repairs?
Sounds like you are borrowing the money and you are trying to find a way to pay for the repairs after you purchase. A lender is unlikely to allow this. Usually, the most you are allowed ... more
0 votes Share Flag Thu Apr 12, 2012 General Area in 60466
Deva Kaumba-…, Real Estate Pro in Illinois
Deva Kaumba-Dube answered:
hello its hard to find a 3 bed room house in park forest,il 60466 thats affordable i have section 8 looking for rent thats between 1000-1100
There are plenty of houses for rent in Park Forest that take Section 8. Give me a call (773-426-0487), I would be happy to assist you.
0 votes Share Flag Thu Jun 6, 2013 Rentals in Park Forest
FSBOsuccess, Home Seller in 28590
FSBOsuccess answered:
what licence and insurance do i need for forecolosed holmes?
First, I would honestly take an English and grammer class.
0 votes Share Flag Thu Oct 20, 2011 Foreclosure in Park Forest
Alex Pereira, Real Estate Pro in Livonia, MI
Alex Pereira answered:
I have a contract on a foreclosed property, closing has been delayed because the foreclosure deed was not filed. How long will this take?
it should only be a couple of weeks but it depends on the county and how backed up they are if it gets mailed or if the lender physically takes the deed down to the county to file it im ... more
0 votes Share Flag Wed Sep 21, 2011 Home Buying in Park Forest
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
our house value as dropped due to forclosures on our block, is there still a way to make a profit on sale?
Don't rely on any online values, oftentimes they are inaccurate nor updated--therefore consider inviting a few local agents from different realty companies and ask for a CMA--compa ... more
0 votes Share Flag Mon Jun 13, 2011 Home Selling in Park Forest
Cherrie Cata…, Real Estate Pro in Chicago, IL
Cherrie Catama-Smith answered:
How long will a person have to wait to purchase a home if their bankrupcy was discharged in October of 2009?
Hi Focus,

You can purchase a home at any time after a bankruptcy, if you pay cash for the property. If you need a loan to purchase the property, it depends on what type of BK you h ... more
0 votes Share Flag Tue Mar 23, 2010 Home Buying in Park Forest
CC Lewis, Other/Just Looking in Matteson, IL
CC Lewis answered:
what license and insurance is needed for clean-outs of foreclosed homes?
I have some information for you. E-mail me at fpcforeclosurecleanup@yahoo.com maybe I can help you.
0 votes Share Flag Wed Feb 17, 2010 Foreclosure in Park Forest
Jeff B., Home Buyer in River Forest, IL
Jeff B. answered:
What is the minimum score required to get an FHA or FHA 203 k loan?
I've read 620. You could get that up to 620 in no time...
0 votes Share Flag Wed May 20, 2009 Home Buying in Park Forest
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