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Home Buying in Matteson : Real Estate Advice

  • All51
  • Local Info1
  • Home Buying14
  • Home Selling1
  • Market Conditions2

Activity 20
Wed Mar 4, 2015
Scott Godzyk answered:
It depends, if you purchased at auction, probabily yes. If you purchased a home traditionally listed by a broker that was a REO, than that should have been paid at closing by the seller. You will have to check your purchase agreement to see what it said. You should have done a title search for liens and got a letter from the HOA that all fees were paid before you agreed to close. Once you close, they may be yours to pay now. Check with your closing lawyer ... more
0 votes 2 answers Share Flag
Wed Mar 19, 2014
Carlyn Jackson answered:
When the price of a property is determined, if repairs are to be done that would have been considered when the price was set. However, you can certainly offer what you think the home is worth. The seller will counter your offer if they think it is not an acceptable price. You should certainly ask your realtor to show comparables for the area before you make an offer. ... more
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Tue Feb 25, 2014
Hi Justus:

We may be able to help you with a loan now that you are 3 years out of a foreclosure. Please give me a call to discuss different options; we have lenders that will go as low as a 550 credit score on some of our programs.

SMC carries an A+ Better Business Bureau Rating and we have worked in the community for over 15 years!

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
0 votes 4 answers Share Flag
Thu Jul 25, 2013
Riccardo Wardlow answered:
of course you can. as long as yo have a 580 score or higher you are good to go.
0 votes 8 answers Share Flag
Mon May 27, 2013
Mack McCoy answered:
We are NOT going to advise you to have two real estate agents doing the same work on your behalf unless you're willing to make sure they both get paid.

I am going to wonder - why are they impatient?

I will tell you that people come to us because they want to buy real estate, so it does surprise us when they aren't buying, but sometimes there's a good reason.
... more
0 votes 10 answers Share Flag
Mon May 13, 2013
Bill Eckler answered:
No, but there may be an age restriction to have a mobile home in a particular community. Always make sure you have a clear understanding of the local community regulations and guidelines before going to contract.

Good luck,

... more
0 votes 2 answers Share Flag
Mon May 6, 2013
Riccardo Wardlow answered:
24 months after a chapter 7 BK discharges until you can purchase again.

Sean Cochran
Quality Mortgage Lending
"We do FHA Loans down to a 600 Fico"
0 votes 2 answers Share Flag
Sat Feb 2, 2013
Louis Jeffries answered:
There are a number of potential answers. Just based on your score you can not be on the loan, yet you are not far from having an acceptable credit score. But, a score only disqualifies, it never qualifies you. We need to look at the actual credit. There may be things I could advise you to do to improve your score.

The debt is also an important qualifying criteria.

That said, in this market property values are low and depending on how much you want to spend you may be able to buy the house you want on your wifes income alone.

Most important thing is to get pre approved first. And work with a lender you trust who can help you meet your goals.

I am in Matteson.

Louis Jeffries
NMLS# 911510

Call Me.
... more
0 votes 8 answers Share Flag
Tue Jan 1, 2013
Sally Grenier answered:
First step is to get prequalified with a lender to determine what/if you can qualify for a mortgage. Regarding finding a foreclosure....any Realtor can help you find a property that fits your search criteria and is in your price range. All foreclosures will be listed in your local MLS (which your Realtor will have access to).

Rent to own is a whole different story. The market is getting better, and so many sellers would rather just sell their home to a traditional buyer (who is either getting a mortgage or paying cash). Rent to own situations are hard to find and they really only benefit the seller, not the buyer. And they rarely end up with the buyer actually buying the home.

Talk to a lender first, then go from there.
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0 votes 1 answer Share Flag
Wed Nov 28, 2012
Suzanne Hamilton answered:
If you have enough current income to support, maybe, but there is too long a time before next summer. If you have no income now, a loan would not be likely.

Do you have someone with good credit and income who could cosign the loan for you? That may be a chance.

I would be happy to recommend some loan officers to you to call and find out or even poll my loan officers for you to see who can help.

Please feel free to call me.

Suzanne Hamilton
Managing Broker/Owner
RE Marketing Consultants, Inc.
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0 votes 3 answers Share Flag
Mon Jul 23, 2012
Doc answered:
You might want to look to an investor, if you really want this home. Some of us will buy the home from the bank and do a lease-purchase with you. I.e., we finance you for 3 to 5 years while you work on your credit. Then, you refinance and cash us out. ... more
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Mon Jun 4, 2012
Suzanne Hamilton answered:
Interesting question. Success I would think you mean about who has sold the most. I have had some dealings with the mobile home parks in that area and would be happy to give you some insight.

Please feel free to contact me via phone or email.

Suzanne Hamilton
Managing Broker/Owner
... more
0 votes 1 answer Share Flag
Mon Apr 16, 2012
er answered:
Hello Suzie:

As an agent in the Matteson area I can say that Contingent, pending and A/I (Attorney & Inspection) mean that the seller has accepted a contract. The parties should be moving to complete terms of the contract like loan applications, home inspections, attorney review etc. Agents are required to present all new offers to a Seller as soon as they receive them even at this stage. Here in Illinois one type of contingency in a contract where a Buyer has to sell their existing home prior to closing on the new home might be able to be "bumped" for a new contract under certain circumstances and terms. It's probably better for a Buyer to concentrate on properties that are on the market. We have automated searches that will email you Listings that meet your specific criteria directly from the MLS in real time. Feel free to contact me if you wish and I'll be glad to help. ... more
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Wed Aug 31, 2011
Anna M Brocco answered:
Is there a question, or simply making a statement--what information, if any, are you looking for....
0 votes 2 answers Share Flag
Thu Mar 10, 2011
Mike Linkenauger answered:
Our sites are some of the most detailed out there for explaining short sales to folks,
0 votes 13 answers Share Flag
Thu Mar 10, 2011
Suzanne Hamilton answered:
There are a lot of ways to look at this. Some lenders are sticking with 640. With a 688 you are good, but if you need to combine both incomes, they will count your husband's credit score as the score, not combined the two credit scores or average them. I work with lender who will do any kind of credit score. If you can get his credit score over 600, you on an FHA loan with 3.5% down. I have several methods that will work to get his credit score up. Contact me for more information.

Suzanne Hamilton
RE Marketing Consultants
... more
0 votes 5 answers Share Flag
Wed Jul 16, 2008
Give me a call if you are still looking to get a mortgage. 630-330-2229

I can pre-approve the same day and am very competitive with rates and fees.

Sean Cochran
0 votes 3 answers Share Flag
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