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60050 : Real Estate Advice

  • All16
  • Local Info1
  • Home Buying6
  • Home Selling3
  • Market Conditions1

Activity 15
Sun Dec 4, 2016
asgj1978 answered:
If the line of credit was established with the house as collateral, then yes--if you want the house, you must pay all creditors from your fathers estate. You may be able to renegotiate though, so contact a lawyer and the creditor. ... more
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Wed Aug 3, 2016
Karen Peyton answered:
Your question is not as simple as you may think. Are these cosmetic items or items in non-working order? "Non-workings" may wreak havoc for a buyer trying to obtain financing, and cosmetics (depending on the extent) may turn them off entirely resulting in a much lower selling price than you anticipate.

Contact an agent for an indication of value - as it is right now. And another value, with the most glaring items repaired.

Good luck!
... more
1 vote 1 answer Share Flag
Fri Dec 11, 2015
Christina Feeney answered:
Most closings in our area these days take 30-45 days. So even if you list your home in February or March, chances are you would only have about a month or two before the end of the school year. Yes, it will depend on the lender and on the buyers if they would be ok with a longer waiting period, but remember...everything is negotiable! ... more
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Mon Aug 4, 2014
Janice L. Ricci answered:
Let's face it, over 90% of home buyers/renters check out the internet first before consulting a realtor. This is a GREAT place to start, however, these sites feed from the MLS which us, as Brokers, have first hand, instant access to, BEFORE internet sites do. Consult a REALTOR, you'll be thankful you did! ... more
1 vote 5 answers Share Flag
Mon Dec 16, 2013
Lawrence T. Madigan answered:
Hello Wayne,
There are all kinds of deals in McHenry County at this time. Actually the Short Sales are not as plentiful
as they were a year ago. The opportunities right no are in the Bank owned properties. The banks have
invested in updates and maintence of these properties which makes them more desireable. Don't forget Homesteps Program and there are still down payment programs out there that are available.
... more
0 votes 2 answers Share Flag
Tue Dec 10, 2013
SP Marshall answered:
Hello....I work for a legal consumer firm that helps to resolve those type of credit issues. Please give me a call to see if I may be able to help...that is if your actually looking to get the situation rectified.

Sergio Marshall
972-231-0452 ext 109
... more
0 votes 4 answers Share Flag
Wed Aug 21, 2013
Alison Hillman answered:
Take a look at local listings here on Trulia:

0 votes 1 answer Share Flag
Sat Aug 3, 2013
Marcy Smith answered:
HI Tim
Thank you for providing the information above. I would be happy to refer you to a few different lenders to speak directly to. Would you like me to provide the lenders information onto you? Please advise. Thanks ... more
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Mon Jun 24, 2013
Brandon Schwab answered:
There are many people that money on the sidelines that would consider "private lending" on homes secured by real estate that often don't have as many "hoops" to jump through. Look at the CD rate of less than 1% get creative and leverage your network to discuss people that would be THRILLED to private lend your deal. Don't always consider the bank as your only option. Wouldn't you think many people would be thrilled to make 5% on their money rather than 1%. A great place to meet potential private lenders is at self direct IRA events such as Equity Trust. Good luck and God bless! ... more
0 votes 6 answers Share Flag
Mon Jun 24, 2013
Brandon Schwab answered:
Great question, many sellers today are facing the same type of situations and searching for answers. Although selling your house outright has many advantages and often may be a good option for you to consider. Another option for you to consider is Leasing your home with the Option to Buy which is called a Lease Option or Rent To Own. Here is the facts, majority of home buyers today cannot qualify to purchase your home which limits your buyers list drastically. By learning more about the benefits of Lease Option you will be able to make a informed decision about your home. My company helps educate people about their often overlooked option when selling their house which opens up your buyers list to approximately 83% of the population. I'd be happy to send you free brochure giving you the pros and cons on the 8 different options you should consider when selling your home in a tough real estate market by emailing me ... more
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Thu May 16, 2013
Melissa Kampschroer Leetzow answered:
Tue May 10, 2011
Hopewishprayer answered:
I was told I had an LPMI by my old mortgage servicer B of A, and therefore ineligible for a HARP Refi. I went to a wholesale lender ( and they looked up my Fannie Mae loan. Guess what? NO LPMI! I applied under DU Refi Plus (HARP Program for Fannie Mae Loans) and just closed yesterday. It only took a month, 30 yr fixed @ 4.9% no points, no PMI or LPMI. Shop around with several direct lenders, their mortgage brokers will tell you right away if your loan truly has an LPMI. Don't just take your mortgage servicer's word, do your homework. Good Luck! ... more
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Fri Oct 8, 2010
Amy Foote answered:
Well....that's the $64M question! Several banks are putting a hold on foreclosures to take a closer look at their processes, specifically in certain states because of their particular foreclosure laws. Illinois is included in any of the those moratoriums. I'd have your agent keep in close touch with the listing agent and make sure you're first on the list for a call when it comes back on the market. ... more
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