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Home Buying in 60622 : Real Estate Advice

  • All93
  • Local Info5
  • Home Buying52
  • Home Selling6
  • Market Conditions1

Activity 45
Paul, Both Buyer and Seller in 11968
Fri Jun 24, 2016
Paul answered:
Use to help educate on all real costs of homeownership, including purchase price, improvements, title + HO insurance, RE taxes, mortgage financing options + after-tax implications, utility costs and eventual selling costs of 6% realtor commission + state transfer taxes. provides in-depth, easy-to-understand analysis on financial decision of Buying v Renting v Investing in stocks. Find out actual # of years until break even on all costs of investing in a house vs renting. Get educated today with before you make biggest investment of your lifetime. ... more
0 votes 15 answers Share Flag
Pebbleswing15, Home Buyer in Fredericktown, OH
Sat Oct 10, 2015
Pebbleswing15 answered:
Interested in a home that was foreclosed and abandoned but the auction was canceled in april and still not on market,how do I get the house or can I?
0 votes 5 answers Share Flag
Mark Saunders, Real Estate Pro in North East, MD
Fri Aug 14, 2015
Mark Saunders answered:
yes but the better the credit = better rate
0 votes 6 answers Share Flag
Mark Saunders, Real Estate Pro in North East, MD
Fri Aug 14, 2015
Mark Saunders answered:
0 votes 1 answer Share Flag
Matt Laricy, Real Estate Pro in Chicago, IL
Fri Apr 24, 2015
Matt Laricy answered:
I hear you, but the market is hot. And builders can call the shots. If he holds out a little longer, he will probably get over list price. Once a house is further along, buyers see the potential and will pay more. The attraction to the builder is he has a bird in hand now, so hes willing to sell, but to give 10k off list, he wont do. (essentially, 10k in closing costs is 10k off price. Money comes from somewhere) ... more
0 votes 3 answers Share Flag
Bob Brandt, Real Estate Pro in Schaumburg, IL
Sat Apr 4, 2015
Bob Brandt answered:
FHA mortgages are not for buying income property. It is to live in. Someday later you can rent it out.
A lender may some better ideas for you.
0 votes 1 answer Share Flag
aaaa, Other/Just Looking in 60515
Tue Feb 10, 2015
aaaa answered:
If it's a chapter 7 bankruptcy you would have to wait 2 years after it's been discharged. Chapter 13 is 1 year after it has been discharged. Best solution contact a lender and get pre-approved.

BJ Patel
Loan Originator (IL)
NMLS #1270313
1430 Branding Lane Suite 190
Downers Grove, IL 60515
Office: 630-423-3600 xt. 5711
Cell: 630-337-5877
Fax: 815-301-8309
... more
0 votes 3 answers Share Flag
Steve Burgess, Other/Just Looking in San Juan Capistrano,...
Fri Oct 24, 2014
Steve Burgess answered:
Yes it is true that investing in a purchasing property, can be a smart idea. Where it not only helps in saving money from future of view, but also works well in saving excess expenditure. ... more
0 votes 9 answers Share Flag
Scott Newman, Real Estate Pro in Chicago, IL
Wed Mar 12, 2014
Scott Newman answered:
List price is irrelevant- the only thing that matters is what the home is worth. If it's worth $80K and you offered $95K then you'd be significantly overpaying.
0 votes 21 answers Share Flag
Bradley Neum…, Real Estate Pro in Franklin, TN
Tue Oct 8, 2013
Bradley Neumann answered:
If you have a realtor, ask them and this is part of the negotiation. I have worked in the area for the past 15 years and work with several quality realtors in Chicago. Our company works directly with Fannie Mae and Ginnie Mae and fund the loans in our name. We aren't waiting around on the big banks to approve the deal. We staff our own underwriting department and get things done quickly. You can call me at (630) 639-1081 and I can give you a preapproval the same day and help you find a quality realtor in the area.

We can do: FHA, Conventional, USDA, VA, HARP, Interest Only, Home Equity, Fixed, and Variable. Find out which product is right for you by calling Brad at (630) 639-1081.

Brad Neumann
Sr. Loan Officer
Mobile Phone: (630) 639-1081
3130 Finley Rd. Suite 510C
Downers Grove, IL 60515
... more
0 votes 23 answers Share Flag
Terry McCarl…, Real Estate Pro in Cape Coral, FL
Thu Oct 3, 2013
Terry McCarley answered:
Matt Hoyt, Real Estate Pro in Highland Park, IL
Thu Sep 26, 2013
Matt Hoyt answered:
Yes! Run for your life. AS long as no electrical or plumbing was done, you should be ok with the City permit wise. Definitely get a great inspector. I know many.
0 votes 12 answers Share Flag
Santiago Ken…, Real Estate Pro in Chicago, IL
Thu Sep 26, 2013
Santiago Kensel Sanchez answered:
Daniel Mirea, Real Estate Pro in chicago, IL
Thu Sep 26, 2013
Daniel Mirea answered:
If you want to buy it at this stage you should convince the family not to walk away and to do a short sale. Get a good Agent and a good Attorney asap!

Otherwise will go in Foreclosure . ... more
0 votes 9 answers Share Flag
Daniel Mirea, Real Estate Pro in chicago, IL
Wed Sep 25, 2013
Daniel Mirea answered:
Can you do conventional? FHA will not work! Talk to your loan officer and your Attorney and they will advise you on this one also!
0 votes 9 answers Share Flag
Daniel Mirea, Real Estate Pro in chicago, IL
Wed Sep 25, 2013
Daniel Mirea answered:
i also use HWA . Liane Luckett is the best in the industry!!!! She can work with you on the price!
0 votes 9 answers Share Flag
Jeff Nobleza, Real Estate Pro in Evanston, IL
Wed Aug 7, 2013
Jeff Nobleza answered:
Lines 179 and 182 seem to address deed and title.

At closing did the title commitment note exceptions? What was discussed in your attorney review period prior to closing? Did you agree to purchase the property "as-is"? What terms were negotiated?

There's likely more to the story than what we see here. You should consult with your attorney that you used to purchase the property and maybe also the group that issued your title insurance.

If you need a lawyer I suggest you contact Erik Miles at 312-854-8092 as his rates are reasonable.
... more
0 votes 12 answers Share Flag
Wefixbadcred…, Other/Just Looking in Texas
Thu Sep 27, 2012 answered:
0 votes 10 answers Share Flag
Chicago Mort…, Other/Just Looking in Chicago, IL
Fri Aug 24, 2012
Chicago Mortgage (JP Marzano) answered:
Hi Albert...
Many factors are used in determining eligibilty for Fannie acceptance on condos these days. Sometimes Fannie Mae will make just depends on the entire scenario of the borrower and condo project respectively. We also work with a few portfolio lenders who will do non-warrantable condos. Please let me know how I can help you.


JP Marzano
Senior Loan Officer - NMLS # 574681
Chicago Financial Services
312-204-6556 - direct
312-608-1555 - mobile
... more
0 votes 7 answers Share Flag
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