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60169 : Real Estate Advice

  • All12
  • Local Info2
  • Home Buying4
  • Home Selling0
  • Market Conditions0

Activity 6
Wed May 4, 2016
house2014sl asked:
Please delete 1791 Monterey Ct, Hoffman Estates IL from your site so I can read it. Or link it to my account so I can edit it.
0 votes 0 Answers Share Flag
Fri Jan 23, 2015
Jessica Mueller answered:
First of all, in a short sale your Realtor should not be collecting $1500 from you directly unless there are atypical circumstances. For your transaction there are two requirements that must be met. 1) The $1500 transaction must be accounted for on the RESPA that details any and all monies exchanging hands in the transaction. 2) Assuming number one is satisfied, the money must be paid to the agent's broker and cannot be legally paid directly to your Realtor. In short sales, the Broker's commission (which is how your agent gets paid) is considered to be part of the closing costs. The bank almost always pays the Broker's commission.

Regarding the transfer fee it is unclear if you are referring to the costs for transfer stamps, wire transfer, or title transfer. Be sure to speak with your attorney, this is something that should have been addressed when the HUD-1 was initially prepared. Once again, these would be included in the closing costs and your portion is usually paid by the bank.
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0 votes 4 answers Share Flag
Thu Jul 18, 2013
Maria Ascencio answered:

I work with great lenders that will help you get approved. Give me a call, I'd love to help!

Maria Ascencio
RE/MAX Platinum
(630) 945-0139
0 votes 2 answers Share Flag
Thu Mar 28, 2013
Alison Hillman answered:
Hi there-

You can learn more by checking out the community info:

Ali, Community Manager
0 votes 1 answer Share Flag
Tue Feb 5, 2013
Riccardo Wardlow answered:
We go all the way down to 580 credit score for FHA. Give me a call if you would like a no obligation quote. Good luck!

Sean Cochran
Quality Mortgage Lending
630-330-2229 ... more
0 votes 3 answers Share Flag
Tue Aug 7, 2012
Aurelio Mancini answered:
Hello, msshame1. Did anyone ever get back to you or did you already find a home? If you are still in the market give me a call (312) 927-5150.

Aurelio Mancini
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