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Home Buying in Dunning : Real Estate Advice

  • All21
  • Local Info1
  • Home Buying13
  • Home Selling1
  • Market Conditions2

Activity 13
Mon Jun 12, 2017
Terry Bell answered:
It means that mortgage payments are past due, and the bank is issuing a Notice of Default, the first step towards a foreclosure. If you're the owner, you should check with the lender for exact amount now due, and if you're a buyer, your agent should contact the listing agent to find out the status of the default. ... more
0 votes 1 answer Share Flag
Sat Apr 26, 2014
Barbara Balik SRS answered:
Any offer can be submitted. I am finding in this fast paced spring market in Chicago that no one is taking an offer with a sale of their home. I will be happy to help you further by email ... more
0 votes 18 answers Share Flag
Fri Sep 13, 2013
Daniel Mirea answered:
Determining the value of your home is best left up to a real estate professional. If you are planning to sell or refinance your home, speak to your real estate agent to help coordinate a professional appraisal to give you a general idea of the value of your home. ... more
0 votes 7 answers Share Flag
Fri Sep 13, 2013
Deborah Smith answered:
It always best to consult a bank or mortgage company before searching for a home. You will know then
how much of a home you are qualified for and will able you and your realtor to find you a home. ... more
0 votes 22 answers Share Flag
Mon May 13, 2013
Riccardo Wardlow answered:
Nothing you can really do. If you have an attorney he or she can call a lot but that really won't matter. The best thing you can do is practice patience. My wife and I are going through the same thing right now. What we did is put an offer on 2 properties. 1 was a short sale. 1 is a regular sale. We really liked both properties. Being in the business, I know good and well this short sale can take forever so I wanted to cover my bases.

Well the offer got accepted on the normal sale and the bank is still screwing around with the short sale. They only have about a week left for the contingency date on the short which there is no way they will make. So, I will get my earnest money back on the short sale and my loan is almost done on the normal sale.

If you can afford the multiple earnest money deposits, you may want to consider not putting all of your eggs in one basket.

Good luck!

Sean Cochran
V.P. Marketing and Development
Quality Mortgage Lending
630-470-6830 office
630-330-2229 cell
"We do FHA loans down to a 600 middle credit score"
"We do USDA loans down to a 620 middle credit score" (no money down)
"We do $100 down payment FHA program"
"Unlimited loan to value refinance on Fannie/Freddie refinances" (only on loans originated before May 31st 2009)
... more
0 votes 20 answers Share Flag
Sun May 12, 2013
Brendan Ross answered:
yes, there are options for you 2-3 years after a short sale - definitely heed the advice of other agents here and talk to your mortgage broker.
0 votes 11 answers Share Flag
Sun May 12, 2013
Santiago Kensel Sanchez answered:
Public record cook county recorded of deeds can go in person the will tell you or check online .
Puedes encontrar los nombres de cualquier propietario en registros de escrituras en en condado de cook que esta en el centro de Chicago , tambiem puedes mirar en linea ... more
0 votes 8 answers Share Flag
Sat May 4, 2013

I am curious as to why you need 5 years to obtain financing? Owning a home can be accomplished within 1-2 years even with the lowest of credit scores. Not to mention many lease with option to purchase may not exceed that time frame of 1 to 2 years. I understand that owning a home is the ultimate dream come true. But it truly isn't that hard to accomplish with the right team of professionals on your side to help guide you through all of your obstacles. I used to broker loans but now consult on credit, debt, and budget issues to help people like yourself make and adhere to a budget and a plan so that you can own in little time. I'd love to discuss what we offer in more detail.

Have a great weekend.

Christina Solorzano;
CEO & SR Credit & Mortgage Consultant of
Everlasting Credit
Ex-Mortgage Broker of more than 10 years
... more
0 votes 17 answers Share Flag
Fri Aug 31, 2012
Mike Opyd answered:
Short sales are typically listed below market value to get an offer so the paperwork can get submitted to the bank and the process started. Banks will do a BPO (Broker Price Opinion) where they will determine what they feel the market value of the home is. At this point they could come back to you and ask for the difference. You would need to be prepared to come up in price for any short sale you bid on if below market value. Ask your agent what the market value is and if its out of your range I would probably pass. ... more
0 votes 16 answers Share Flag
Sun Sep 25, 2011
Matt Laricy answered:
You will never find which bank owns this property.

If your looking to buy a foreclosure, you should get a good buyers agent. This way you have someone to walk you through the buying process, at no cost to you. Interview two or three agents, and go with the one you mesh best with.

Matt Laricy
Americorp Real Estate
Managing Broker/Partner, e-PRO
... more
0 votes 6 answers Share Flag
Wed Oct 6, 2010
Monir Mamoun answered:
Very unlikely. The homeowner has accepted a contingent offer right now. I would suggest contacting the agent:

Joanna Koda

Chicago - Northwest Side Office
5364 W. Devon Avenue
Chicago, IL 60646

By the way, if this answer was helpful a best answer/thumbs up would be a nice gesture.
... more
1 vote 1 answer Share Flag
Fri May 14, 2010
Matt Laricy answered:
Any builder will be able to duplicate this raised ranch. Its almost exactly similar to most out there, with a few small differences and a little bit of a different brick than they regularly use.

Matt Laricy
Americorp Real Estate
Brokers Associate, e-PRO
... more
0 votes 2 answers Share Flag
Tue Mar 23, 2010
Fran Griffin answered:
Simple answer, often REO listing agents do not return calls. If they have a hot property, they just gather the offers and send then into the bank.. Some have 200 to 300 listings, so why bother? The property remains active until an offer is accepted by the bank, and that can take days. In the interim there is no point to showing the property. Also, the bank may say no more offers, but until an offer is accepted the Broker cannot take it off the market. If there are multiple offers the bank may say enough. And with viable offers in, it's a waste of everyone's time to continue showing. Basically, there is nothing you can do. All experienced agents can help you with REOs, and Illinois has Buyers Agency so the agent is bound by law to have your best interest in mind.
Bottom line, scope out your desired area. If you see a dumpster, a posting, anything different on a property, ask neighbors, snoop around. IF you can have your agent get to the bank, or in a short sale, the owner. If the owner has an agent, they will tell you.Re agents, find someone you know and trust, and who you can reach easily!
... more
0 votes 13 answers Share Flag
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