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60504 : Real Estate Advice

  • All44
  • Local Info4
  • Home Buying21
  • Home Selling4
  • Market Conditions3

Activity 35
Wed Mar 15, 2017
Unspecified asked:
We are looking for a NACA approved real estate agent to help us in our house hunt in the Aurora/Naperville, IL area.
0 votes 0 Answers Share Flag
Tue Jul 19, 2016
Kenishia Monique Bracey asked:
This question was asked from this property:…
0 votes 0 Answers Share Flag
Fri Nov 27, 2015
Amelia Robinette answered:
As long as she has the income and assets to qualify on her own, then it shouldn't be a problem.

Sounds like she'd need a cash out refi in order to pay out your equity. The interest rate will be higher for cash out.

If she has the cash on hand to pay the agreed equity amount and she wants to keep the current mortgage loan terms there are a few other options. She could request a modification or novation from the lender. Some nominal fees involved and she'll have to qualify for the payments on her own, but less expensive than a full refi.
... more
1 vote 1 answer Share Flag
Tue Nov 24, 2015
Bob Brandt answered:
Someone has found an old question from 2008-nice....
0 votes 12 answers Share Flag
Thu Apr 3, 2014
Jeff Nobleza answered:
Call lawyer Erik Miles at 312 854 8092. He has reasonable rates and is very good at helping people like you.

Jeff Nobleza
Baird & Warner
773 677 5340
0 votes 9 answers Share Flag
Wed Mar 5, 2014
Maggie Urban answered:
Hi, I'm a licensed real estate broker and live and work in the Aurora/Naperville area. I have experience with and access to auction properties, bank owned properties and short sales. I work with investors and rehabbers, and clients looking to buy fixer uppers for themselves. If you're looking for a hard working and knowledgeable broker, please feel free to call me. Maggie Urban 847-452-5238 cell ... more
0 votes 2 answers Share Flag
Tue Feb 11, 2014
Hillary Weis answered:
You can check out my rental property available March 1st. Close to I88 and Fox Valley Mall.
743 Four Seasons Blvd, Aurora, IL
0 votes 4 answers Share Flag
Sun Jan 5, 2014
Kara Morris answered:
Since you're back to work - you may qualify for a mortgage now. But it will depend if its same line of work and if there was any damage to your credit during your time off. Glad to provide complimentary credit check and "game plan" with you. or 630-877-4663 ... more
1 vote 3 answers Share Flag
Tue Dec 10, 2013
Kara Morris answered:
Castle Bank doesn't have a minimum loan amount. Feel free to reach out to discuss your situation. or 630-877-4663
0 votes 5 answers Share Flag
Fri Dec 6, 2013
Marie Souza Team answered:
Did you end up closing on this property? Wondering if you waited or moved on?
0 votes 5 answers Share Flag
Mon Jun 3, 2013
Kasey Jackson answered:
Latoya how did you get section 8? everywhere I go isn't accepting applications. we don't have a place to go as of Saturday and I don't make enough to pay rent and utilities.
0 votes 2 answers Share Flag
Fri May 17, 2013
spennington00 answered:
My home address is 118 Brookside Dr, Feasterville, PA 19053.
What is the market value of my home?
0 votes 13 answers Share Flag
Mon Jan 14, 2013
Riccardo Wardlow answered:
Purchasing a foreclosure is a great thing if you ask me. You can get a great home at a great deal! Give me a call if you need to get prequalified for the financing!

Sean Cochran
Quality Mortgage Lending
... more
0 votes 9 answers Share Flag
Thu Dec 27, 2012
Jo Narug answered:
Closing extension to 1/13/13 (wow, next year now). They supposedly, applied for a loan from a reputable mortgage company. We are told by real estate agent, they are to get an answer by end of December (now 12/27/12). Have not heard anything yet from anybody. Guess it is the 3 day workday holiday thing again. ... more
0 votes 5 answers Share Flag
Sun Dec 9, 2012
Lester S. answered:
NEW QUESTION ASKED BY POSTER (Jo Narug) IN SEPARATE POST 12/9: 1st thank all for answers, now 4th closing extension, is time to get out?

my response: the answers are the same as you were given before because the situation is the same. just because they asked for another extension does not mean there is "new" information. again....what is your professional team telling you? you must rely on them, not on-line responses, they know the details/situation better than we do. I will say that if the buyer's team thought there was no hope they wouldn't still be trying. ... more
0 votes 7 answers Share Flag
Thu Oct 18, 2012
Carmen Brodeur, JD answered:
Short sales are very complicated and are never a guaranteed sale. This is actually not an uncommon situation you are in.
0 votes 6 answers Share Flag
Thu Oct 18, 2012
Carmen Brodeur, JD answered:
Short sales require a lot of patience and can take a very long time.
0 votes 8 answers Share Flag
Thu Oct 18, 2012
Lonny Miller answered:
Typically if the bank approves a price there is not much flexibility. When the bank previously approved a short sale with a previous buyer or does their BPO before there is an offer, their price is locked in and they are willing to wait for their price. There is of course some flexibility, 5%, but not all that much.

Lonny Miller

Realtor @ Charles Rutenberg Realty
Serving Chicago and Suburbs
ph 847-347-4666
fax 847-737-1436

'Helping Sellers of Short Sales Throughout Chicagoland'
... more
0 votes 9 answers Share Flag
Tue Aug 28, 2012
Centermac Realty answered:
Lester said it well. There are ways for the government to discover these things if they want to. If you knew you were going to be using the property as rental right off the bet, then don't say it will be owner occupied. I think though that if you live there and are only renting out rooms to help for your expenses, that might not cause any problem. However, it is best to be sure before you choose to do so. Clarify with your loan agent if you plan to do that. ... more
0 votes 2 answers Share Flag
Sat Aug 18, 2012
Dave Richert answered:
For Homes in 60504 Closed in Last 30 Days, the Average Price per Square Foot was $92 ---- Like Joe said, there are many different neighborhoods etc... and numbers often times need further explanation and analysis... but this is the answer to your question ... more
0 votes 2 answers Share Flag
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