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Home Buying in 60608 : Real Estate Advice

  • All29
  • Local Info3
  • Home Buying15
  • Home Selling2
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Activity 14
Fri Dec 13, 2013
Evelyn S. Fred answered:

There are several perspectives to this questions, as evidenced below.

Depending on the "bidding" scenario, i.e. multiple offers, they are pretty common place now-a-days...a higher bid will almost always win, however, a conventional buyer may get the home simply because it's a stronger loan product...It really is not that simple but roughly.

If you are not working with a Realtor you really should be.
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0 votes 20 answers Share Flag
Tue Dec 10, 2013
My NC Homes Team answered:
The BPO means nothing to your lender and all their going to loan you money on is the appraisal at $91,000. In addition because it's an FHA appraisal it's married to the house for 6 months and so if the lender doesn't make the deal with you their going to be unable to sell the house to anyone else needing either an FHA or VA loan for 6 months. My advice is that you and your buyer broker (hopefully you have one) leverage this to your advantage and insist that the contract price get reduced to $91,000.

Good luck.
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Mon Dec 9, 2013
Matt Hoyt answered:
run for your life! Its time to move on.
0 votes 13 answers Share Flag
Wed May 15, 2013
Ivan Sagel answered:

Talk to your Realtor. Often the builder has a relationship with a lender that can get this loan closed.

Best regards,

Ivan Sagel
312.515.7823 ... more
0 votes 10 answers Share Flag
Mon Jan 28, 2013
Alan Maynie answered:
The grant is actually called "Find Your Place in Chicago". It does still exist, although another organization is administering it, but is available only on select properties that are purchased directly from the developer. If you have any more questions please feel free to email me.

Alan Maynie

p.s. I know about it because I used to manage it!
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Wed Aug 8, 2012
Albert Cossyleon answered:
let me know if you are interested in an attorney team that charges about $150 and guarantees a discount or your money back.
0 votes 3 answers Share Flag
Tue Jul 31, 2012
Ivan Sagel answered:

You are correct, it has been reactivated and the price has been reduced. If you want to make a cash offer, I can help you out. If your first offer was financed, they probably went with a cash offer. I am a distressed property expert.

Best of luck,
Ivan Sagel
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1 vote 10 answers Share Flag
Tue Oct 18, 2011
Deborah Smith answered:
Rent to own usually does not work out for the buyer or the seller. I would first go to a mortgage broker and have yourself pre-approved to see how you stand with a mortgage. I have several brokers I work with that has a $500 down program. If you need a list of mortgage brokers that can assist you and a list of homes
in the Bridgeport community. Contact me Debbie Bergthold-Smith Classic Real Estate 708-267-5552
I would be happy to help you.
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0 votes 12 answers Share Flag
Thu Sep 8, 2011
Hello Rosario,
Typically homes are not FHA approved, they are FHA lending friendly. This means that typically the home is in move in condition, with no repairs needed. FHA inspections, better known as, appraisals are a little more particular when they are looking at the condition of the home. Be sure to work with a well qualified Real Estate Agent who is familiar with what FHA appraisals should look like. If you need further assistance feel free to contact me.

Cecelia Marlow
Chicago Bancorp
Mortgage Banker
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0 votes 7 answers Share Flag
Wed Oct 20, 2010
Chibiutena answered:
Bridgeport village is pretty RACIST. I hope you didn't buy the property here.

I spent my whole life down the street and my mom used to like to take her after dinner walk there since it was landscaped nicely. Recently, 4 times, a woman came out of her house in the neighborhood to harass her (my mom is an old well dressed asian woman) with comments about going back to asia and walking by her own house.

This weekend, my mom went to a home auction to buy a house in cash. They had an open house and were selling off some of the items in the house. My mom bought a few things and were checking out some of the rooms upstairs that were unlocked to estimate for the home auction. When she came to pay, the administrator let her purchase her things and then said "Someone saw you go into the rooms. Please don't come back here ever again." Of course, they let her pay for things before they said that.

Not a great way to treat a customer that frequently buys property and whose net worth is in cash. She came home visibly shaken and upset that someone would treat her like that.

Not to mention the tribune articles about the poor construction, houses that were almost blown away and the walls that caved in.

Don't buy a house here. If you're a minority, expect to be treated like garbage for an assessment fee. If I could find the management company responsible for that home auction, I would file a lawsuit.
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Fri Jul 3, 2009
Mok answered:
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Mon Jun 30, 2008
Brandon Schuppe answered:
Tue Feb 19, 2008
Marlene asked:
perfect and was listed at 56 .
I blew it, lost his no. Are there any go-getters, I want Bridgeport Ch. 60608 B2 Zone or foreclosed single fam.Handy man is ok, get back to us Rock & Mar…
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