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Home Buying in Downers Grove : Real Estate Advice

  • All90
  • Local Info4
  • Home Buying23
  • Home Selling4
  • Market Conditions5

Activity 30
Thu Oct 6, 2016
Ferrandon asked:
Hello, why did you change the search for Lot size from acreage to squarefootage? How can you search for a house with 0.5 ac now? it makes it impossible!
0 votes 0 Answers Share Flag
Sun Aug 14, 2016
Newmyt1216 asked:
Tue Dec 29, 2015
Jay asked:
Mon May 4, 2015
Jackie Beardsley answered:
Hi lovespring, by now you know the first step is to speak with a lender. I specialize with first time buyers and have been a long time resident in the Naperville area (since 1968). Please feel free to contact me at any time if you currently do not have an agent. You can begin looking when ever you want to! Just know the Internet sites are not up to date like the actual MLS (Multiple Listing Service). I set all of my clients up with their own private account straight from the MLS so that they are not wasting time viewing homes that are already under contract or have sold. I remember how many hours it took for my husband and I to look for homes using the Internet only to find they were already under contract. It's frustrating and too time consuming! Please don't search that way. The available properties should be made known to YOU, you should not have to be the one trying to find them. I hope this helps. You may contact me at any time, good luck! ... more
0 votes 9 answers Share Flag
Fri Jan 30, 2015
Sonia Mansour answered:
You now can buy with as little as 3% down. It's a new program that just rolled out! I can recommend a lender that can help. It's an awesome time to buy!
0 votes 12 answers Share Flag
Thu Oct 23, 2014
Riccardo Wardlow answered:
the process is as easy as anything else you have bought.

Riccardo Wardlow

Cross Country Mortgage
630-670-8266
Specializing in Illinois and California
RATED A+ WITH THE BBB

*We do Conventional loans down to a 620 score
*We do FHA loans down to a 580 score
*We do USDA loans down to a 620 score (no money down)
*We do $100 down payment FHA program
*Unlimited Loan To Value refinances on Fannie/Freddie refinances (only on loans originated before May 31st 2009
*We do VA loans down to a 600 score
*We give free counseling on what needs to be done to improve your credit score.
*We do 203k loans down to a 640 score
*We do reverse mortgages
*We do JUMBO loans to 12 million
... more
0 votes 10 answers Share Flag
Mon Oct 13, 2014
answered:
The explanation has to be yours but a good loan officer will assist so that it is worded the correct way to pass underwriting approval for a full explanation.

For mortgage help, call (855) 893-1177 or email for a free pre-approval in less than 10 minutes. We lend our own money and are licensed in 49 states and you can apply online at http://www.myccmortgagebn.com. 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 (855) 893-1177.

Brad Neumann
Branch Manager
Crosscountry Mortgage Inc.
Phone: (855) 893-1177
Email: bneumann@myccmortgage.com
NMLS# 948036
... more
0 votes 4 answers Share Flag
Mon Oct 13, 2014
answered:
You can look them up on the county website. If you need help please call and i can walk you through it.

For mortgage help, call (855) 893-1177 or email for a free pre-approval in less than 10 minutes. We lend our own money and are licensed in 49 states and you can apply online at http://www.myccmortgagebn.com. 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 (855) 893-1177.

Brad Neumann
Branch Manager
Crosscountry Mortgage Inc.
Phone: (855) 893-1177
Email: bneumann@myccmortgage.com
NMLS# 948036
... more
0 votes 8 answers Share Flag
Mon Oct 13, 2014
answered:
I recommend working with a licensed realtor and they can help answer these questions about specific properties through the MLS system. I know several that will help if you want to contact me.

For mortgage help, call (855) 893-1177 or email for a free pre-approval in less than 10 minutes. We lend our own money and are licensed in 49 states and you can apply online at http://www.myccmortgagebn.com. 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 (855) 893-1177.

Brad Neumann
Branch Manager
Crosscountry Mortgage Inc.
Phone: (855) 893-1177
Email: bneumann@myccmortgage.com
NMLS# 948036
... more
0 votes 13 answers Share Flag
Mon Oct 13, 2014
answered:
I can help you find a realtor and help you personally with the loan.

For mortgage help, call (855) 893-1177 or email for a free pre-approval in less than 10 minutes. We lend our own money and are licensed in 49 states and you can apply online at http://www.myccmortgagebn.com. 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 (855) 893-1177.

Brad Neumann
Branch Manager
Crosscountry Mortgage Inc.
Phone: (855) 893-1177
Email: bneumann@myccmortgage.com
NMLS# 948036
... more
0 votes 4 answers Share Flag
Mon Oct 13, 2014
answered:
I have a company that I have seen first hand help clients go from denied to qualified. Please call or email if you want the name and details.

For mortgage help, call (855) 893-1177 or email for a free pre-approval in less than 10 minutes. We lend our own money and are licensed in 49 states and you can apply online at http://www.myccmortgagebn.com. 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 (855) 893-1177.

Brad Neumann
Branch Manager
Crosscountry Mortgage Inc.
Phone: (855) 893-1177
Email: bneumann@myccmortgage.com
NMLS# 948036
... more
0 votes 8 answers Share Flag
Tue Oct 8, 2013
answered:
We have our office in Downers Grove and there are many ways to refinance away from an FHA, it depends on your situation if it is better to do another FHA loan with lower interest or go conventional. We have an advantage over most lenders as we deal 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 let you know if you are qualified on the spot.

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
Email: bneumann@myccmortgage.com
3130 Finley Rd. Suite 510C
Downers Grove, IL 60515
... more
0 votes 5 answers Share Flag
Fri Aug 9, 2013
Nicholas Corso answered:
Hello Joe:
I'm a local lender and real estate investor. I have purchased distressed HUD homes in the past and can be cumbersome in choosing as I personally have rehabbed many in our area.

I would like to see if I could discuss financing options as well as what our modern day lender is looking to finance (if in fact you’re in seek of financing). I very familiar with many rules that would be necessary to procure a loan.

In coordination with any one of the excellent realtors below which could be of assistance to you.
My firm is Draper & Kramer, DBA 1AM Mortgage
Feel free to reach out as I'm a licensed Mortgage Originator here in IL
630-669-8263
... more
0 votes 7 answers Share Flag
Sun May 19, 2013
Terry Kauffman answered:
$70,000 for ceaning is an enormous amount of money and very unlikely. It is possible that the realtor meant repairs and cleaning. I would agree that the five contracts she was referring to are offers to buy and one of the offers could be accepted by the seller, therefore creatng a binding contract. If your daughter is not happy with her current realtor and feel she is receiving conflicting or ambiguous information, I would be happy to talk to her. I currently have a listing on Hawkins Ave, Downers Grove that I would like to show you and your daugher. ... more
0 votes 6 answers Share Flag
Mon Feb 18, 2013
Joe Kenny answered:
There's a company that buys properties for people and lets them rent back with option to purchase. HyperionHomes.org If I can answer anything else please give me a call. 630-455-8135
0 votes 1 answer Share Flag
Sun Jan 27, 2013
Joe Kenny answered:
Brian,
I have an investor that can help you and has already helped a few. Please give me a call. 630-334-2858.
0 votes 1 answer Share Flag
Mon Nov 26, 2012
Jo Ann Wilde answered:
Hi Jason,

Now would be a good time to start contacting agents if you'd like to close in March 2013. Many homes on the market are short sales, which generally take a long time, i.e. 3-6 months to close. Hence, there is nothing short about a short sale other than the money owed on the current mortgage(s) vs. the present market value.

The best homework you can do at this time is contact realtors and interview them to determine if real estate is their full time career, how they relate to their clients, and answer any questions you may have. Their focus should be on you and not on themselves, their sales, etc.

Next, I would recommend contacting a mortgage broker or lender to determine the purchase price you qualify for and to give you time to clean up any credit issues you may have.

I hope this information helps you, Jason, and I would be happy to advise you in any way.
... more
0 votes 9 answers Share Flag
Tue Oct 23, 2012
LaVonda Hardy answered:
I agree with you Lester, there are several variables here that need to be answered before any agent can give you the correct answer for it. Most of it hinges on whether the tenants are there legally or if they were placed there by the previous owner, or maybe even a another third party. Good luck and if you need some help with it please let me know.

Thanks Lavonda
... more
0 votes 2 answers Share Flag
Sun Jul 1, 2012
Lester S. answered:
Hi G, the further you get from the MLS, the more chance for incorrect or not up to date info you may find. No substitute for getting info from your trusted Broker working for you. I constantly get a variety of similar questions about info someone finds on line and my first question is always, "where are you getting the info?" Most publicly accessed sites are a "means to an end".....they provide info to attract you, but make money by selling ads or info they collect from you as a sales "lead". There is no getting around this fact, they can't operate for free. The MLS on the other hand is designed for sharing info between Brokers. It's similar to getting legal or medical advice from the web vs going to see a lawyer or doctor. You know the old saying, "I found it on line so it must be true!", right? Even the MLS is subject to data entry errors by a Broker, listing office, secretary, etc., but at least you have someone woking for you that can help you figure it out. I know it can be frustrating, but I hope that this at least helps you understand what you are dealing with....quite frankly I have no idea how they sometimes get this stuff as wrong as they do?! ... more
0 votes 1 answer Share Flag
Mon May 28, 2012
Lester S. answered:
the simple answer to your question is that the seller/owner has NO obligation whatsoever to notify the bank that they have received an offer. in typical (more on this later) short sale situations, banks DO NOT review offers since they do not own the property. the bank is not considered a principal or party to the transaction. the seller and seller's agent negotiate the offer as in any normal situation and if an agreement/contract is reached, it is contingent/subject to the sellers' bank(s) approval, then submitted to the sellers' bank(s) to see if they will accept the "short" net proceeds of the sale after normal expenses are covered. the bank can approve, counter or reject the sale or any of the expenses involved.

ok, now the explanation for a "non typical" short sale for which the above does not apply....if an owner has been in touch with the bank prior to the short sale and the bank has pre-approved the owner for a short sale in a written agreement with a preapproved listing price by the bank, the bank will probably want to know about all offers and may suggest that you sign and forward any offer you get for their review. in these cases I suggest you (if you are a seller) have this conversation with the lender regarding any offers you might receive ahead of time and follow their suggestions/direction
... more
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