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Home Buying in 60654 : Real Estate Advice

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  • Home Buying11
  • Home Selling1
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Activity 11
Tue Jul 29, 2014
Harry Kunelis answered:
Here's a complete answer @ https://hkluxuryrealty.zendesk.com/hc/en-us/articles/200744079-What-other-costs-should-I-expect-when-buying-downtown-Chicago-property-
0 votes 21 answers Share Flag
Wed Mar 5, 2014
Leonard Pollard answered:
My name is Leonard Pollard, and I am the person that is going to help you accomplish your mortgage needs and lower your payment. You just recently made a mortgage inquiry and that is why I am writing to you now. When dealing with potential borrowers over the internet, I typically introduce myself first via email. I will try to call you within 24 hours unless you prefer a different time or place for me to contact you.

I must tell you that I do not work with all potential borrowers just as they do not work with me. I am straight forward and to the point. In addition to that, I treat every borrower with the same level of service that I expect for myself when making important financial decisions. I use my 13 years of experience in the mortgage industry to provide the best products available for my borrowers and their specific needs.

I would like the opportunity to have a brief conversation with you to discuss your expectations. If you feel that you would like to talk sooner, do not hesitate to call or reply at any time.

Our mission, at Peoples Home Equity, Inc., is to secure the best mortgage available for our clients. We will work diligently to find you the best possible terms, helping you achieve your financial goals in a friendly and professional manner. Our clients truly do come first and will be treated with the utmost respect and forthrightness. You will notice the difference from the initial consultation.

Best Regards,

lpollard@peopleshomeequity.com
... more
0 votes 13 answers Share Flag
Fri Dec 6, 2013
Scott Newman answered:
"averages" can be deceiving. A few years back 2-5% default in a building was common although today that number has been reduced by about 2/3 if not more in some buildings.

In a white-hot neighborhood like River North opportunities are being snatched up as fast as they hit the market, and often before. ... more
0 votes 11 answers Share Flag
Tue Nov 26, 2013
Manuel Brown answered:
Jonathan,

I wish I could tell you that there is an exact science. Unfortunately there is not and it also depends if the the seller is working with an experienced short sales attorney. The minimum time I have completed a short sale on behalf of the seller was 60 days, almost a record. For buyers it has taken me 4 months to a year in instances. ... more
0 votes 10 answers Share Flag
Tue Sep 24, 2013
Manuel Brown answered:
Fri Sep 20, 2013
Michele Wilson answered:
If it's against the condo association rules, it's legal. You agreed to the rules when to purchased your unit.
0 votes 19 answers Share Flag
Fri Sep 6, 2013
J answered:
Houses within close proximity to train tracks, electrical towers, and highways are difficult to sell. If this is your prop and you want to try and sell it, you probably got a good deal on it when you purchased, or I hope you did. Prepare to offer a buyer some great incentives and good price reduction. Or, stay in the prop...maybe rent it. Good luck to you! ... more
0 votes 12 answers Share Flag
Thu Mar 21, 2013
Mike Opyd answered:
Foreclosures in these areas are rare and when they do come up every buyers out there is going to bid on them and drive the prices way up over list price. If your looking for "foreclosure buildings" your going to have to pay cash to buy there. Maybe 757 Orleans, 33 Ontario, 10 E Ontario... ... more
0 votes 8 answers Share Flag
Wed Jul 20, 2011
Dennis G @ American Invsco answered:
You may have to go to an alternative lender. What they call a hard money lender. They are more expensive but it may work. Be careful if they try to charge you any up front fees.
0 votes 7 answers Share Flag
Thu May 7, 2009
Andy M. Shiparski answered:
There are other concerns you should be having with regards to foreclosed or short sale units. It is becoming more common for the incoming buyer to have to pay off liens with regards to the condo association. While I also like the building, I disagree with some others comments. The fact there are and were a lot of distressed sales and continue to be, I would be cautious as this does have an impact on overall perception and values in the building. It is complex but the building could also be running way low or over budget due to the fact they are not receiving assessments on the units that are in foreclosure or being sold as a short sale. The long and short of it is do your due dilignece and proceed with educated caution. While we have had some challenges in the real estate market, the sky is not falling and some buildings and locations in the city are doing ok. Negativity sells and reality lasts. Do your homework, dot your I's and cross your T's and you should be ok. Cash is always king but I would also be looking into some sort of low interest rate while they are avaialbe and invest some money elsewhere. In the long run it is better as you will also have an additional investment and be able to right off interest. ... more
0 votes 5 answers Share Flag
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