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Lyons : Real Estate Advice

  • All21
  • Local Info2
  • Home Buying5
  • Home Selling3
  • Market Conditions2

Activity 17
Thu Oct 6, 2016
Paul answered:
Yes absolutely, but good news is that can help you learn about, understand and navigate ALL the real costs of homeownership, including mortgage financing, so you can make educated section as to financial worthiness of your home purchase. will help you analyze purchase price, downpayment $ amount, closing costs like title fees, mortgage financing, RE Taxes + Homeowner Insurance. It's simple + easy-to-use and very educational. An invaluable tool for all homebuyers- houses, condo/co-ops, investment properties. Make sure you can calculate whether is better to Buy or Rent with ... more
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Wed Feb 25, 2015
Katy Donovan answered:
The right time to start a short sale is when you know you will be going delinquent on your mortgage. Your Realtor will price it right to sell. Remember if the home is in good condition and shows well you should have no problem getting a contract. ... more
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Tue Aug 19, 2014
Carmen asked:
This question was asked from
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Thu May 8, 2014
Brian Nguyen answered:
It seems that your scores in your range should work. Lenders like myself can go as low as 580 when it comes to credit scores. Of course, your other finances will need to be in place as well including your income, debt, assets, employment, expenses, etc. The best thing for you to do is to speak with a knowledgeable lender like myself to see if you can get started on financing a new home. If you need additional assistance, feel free to reach out. Good luck!

Brian Nguyen
Sr. Mortgage Banker
NMLS # 659743
Phone: 949.667.2887
... more
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Thu Dec 12, 2013
Patty Harrison answered:

I am a local mortgage broker and would be happy to help you get pre-qualified to buy a home. You may quality to buy rather than rent!

Please call or email me so we can set aside some time to get you prequalified; or visit my website to complete the application

I look forward to working with you!

Best regards,

Patty Harrison
Smart Mortgage Centers
630-478-2684 / 630-854-3459 cell /
... more
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Thu May 23, 2013
Keith Jean-Pierre answered:
I would suggest you try the regular rental sites: (Rentals Section) (Rentals Section) (Rentals Section)

Between all of those, you will get a very clear picture if you can find what you are looking for. Good luck!
... more
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Mon Oct 29, 2012
Suzanne Hamilton answered:
In traditional sales and for certain types of financing, the seller provides the buyer a termite inspection, survey, etc. With bank-owned properties, they don't provide any of the traditional items like surveys, etc. Doesn't mean anything, but you should inspect generally first and see if there are any reasons to inspect for other things like lead based paint, radon, termite, mold, etc. Those are specialty inspections. Your lender may require a termite inspection either way. ... more
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Sun Jul 29, 2012
Maritza Babilonia asked:
•We are looking for at least 2-3 bedrooms
•rent to not go past $1,000
•west of midway airport
Is this possible?
0 votes 0 Answers Share Flag
Wed Jul 11, 2012
Alison Hillman answered:
Hey Reynaarroyo-

Check out this link and feel free to sort by bedrooms and location:,2910,Garfield_Ridge/

Let me know if I can help with anything else!

Ali, Community Manager
... more
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Mon May 21, 2012
Suzanne Hamilton answered:
Because banks are in charge of short sales, so you will not be able to do a rent to own with those. A few months is not that long. You will have to wait for a short sale anyway, so if you can get a preapproval based on current standing, you can qualify. What and where are you looking for?

I know of some investors that may be able to help with a quick turn around like that. Of course, if you can wait, you will be in the driver's seat and it will save you some money. My contact information is below. I would be happy to give you a few ideas.

Suzanne Hamilton
RE Marketing Consultants, Inc.
... more
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Tue Feb 2, 2010
Ron Rovtar answered:
Smurfs aside :>) , a short sale does indeed occur when the mortgage holder lets a homeowner sell a home for less than the full mortgage amount. Generally the home seller must prove that the financial burden of owning the home has become a problem. The bank will want to see pay stubs, tax returns, and other documentation. On some occasions, the mortgage holder will take the proceeds of the short sale as payment in full. However, lenders do sometimes require that all or some of the "deficiency" be repaid by the seller through an unsecured loan. A short sale does damage the home seller's credit score. Obtaining another mortgage loan will probably be out of the question for several years.

Lenders often agree to short sales because they cost the lender less than foreclosing.

Ron Rovtar
Prudential Real Estate of the Rockies
... more
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Tue Feb 2, 2010
Jesse Madison answered:
The best time to start a short sale is after you have discussed modification options with your lender. If they determine that you cannot qualify for a loan mod then you can list the home for a short sale.

If you go to
Neighborhood Partnership Housing Services can give you assistance and see if you can be approved for a modification. If not, then you find an agent to list the home for you.

Best regards.
... more
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Mon Jan 25, 2010
Joseph Washick answered:
Lyons, IL is an excellent choice for the budget-minded homebuyer. Lyons is a near-west Chicago suburb on the north side of the I-55 Stevenson Expressway between Harlem Avenue and First Avenue. The famous Joliet Road (formerly Route 66) jogs right through the southern part of the village. Surrounded by Brookfield (famous Brookfield Zoo) and Riverside (historical village developed by Olmsted & Vaux- the same duo who developed Central Park in New York) and Berwyn (remember Svengoolie- "BER-WYN"). Lyons is the epicenter of the colonial fur trade business; the very spot where the Hoffman Tower on the Desplaines River offers a nice "River Walk" view for pedestrians strolling into Riverside. Close to bike trails and forest preserves, great schools and convenient transportation and surprisingly affordable, too! ... more
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Tue Jul 14, 2009
Eddy answered:
this is a declining market. Homes in SC are 40% overpriced. Most were sold with jumbo loans, which cannot be refinanced. Several foreclosures have been flipped, for hundreds of thousands less than original prices. They are large homes, so you'll pay some eye popping property taxes, and Lyons is expected to be broke in 2011 because they wont have revenue from new construction. If you love a small HOA of 72 homes within a small town of less than 2000 people, you might consider this place. You need to be politically savvy, and kow tow to the town administrator, who lives in and runs the neighborhood. If you understand small towns, you can do well here. If you don't you'll find yourself in hell. ... more
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Sat Oct 20, 2007
The Hagley Group answered:
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