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Home Buying in Norridge : Real Estate Advice

  • All29
  • Local Info2
  • Home Buying11
  • Home Selling0
  • Market Conditions1

Activity 11
Wed May 7, 2014
Mary Taylor Sticha answered:
Love to help you find a rental home in Norridge. 708-267-6039 Raised four kids here....great schools Park....
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Sun Dec 15, 2013
DOROTA.RUEGSEGGER 847-530-7181 answered:
Tue Sep 24, 2013
Daniel Mirea answered:
Yes, There are lots of programs up there! I am sure we can find something to help you out! Please give me a call!
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Sun May 12, 2013
Laura Feghali answered:
Hi,
I suggest that you contact a few lenders or mortgage brokers to determine if you qualify for a home equity line of credit as they are the experts and can advise you best.
There may be some lenders where you can inquire about it within your area who use this site. Click on the "Find A Pro" tab at the top of the screen to perform a search for mortgage lenders or brokers.

Best wishes to you!

Laura Feghali
Prudential Connecticut Realty
... more
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Wed Apr 3, 2013
Geoff Ommen answered:
Cole

I work with investors that sponsor rent to own candidates. Depending on your situation, maybe we can make something work. We can work together to find the property that you prefer and arrange a mutually beneficial deal.

Geoff Ommen
Broker Baird & Warner
847-271-2622
geoff.ommen@bairdwarner.com
www.geoffgetsit.com
... more
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Mon Mar 18, 2013
Geoff Ommen answered:
Anna

Unfortunately the seller did nothing illegal. The seller has the right to determine which offer is superior based on whatever criteria they choose. Distressed sellers (bank owned or short sales) generally prefer cash because there is no contingency for closing the transaction. The bank is looking to liquidate the home as quickly as possible. They will take a lower price for cash vs financing. Also in many cases the home will not qualify for financing because of their condition. Although they should say "cash only" on the listing, there is nothing that requires them do so.

If you were using an agent to help you in this transaction they should be able to explain the basics of each type of sale and what to expect. If you were doing this on your own you may want to consider talking with a broker to better understand what potential outcomes lie ahead. There is no cost to you to use an agent to represent you in the transaction and the advice may lead to a better overall price for you.

Geoff Ommen
Broker Baird & Warner
847-271-2622
geoff.ommen@bairdwarner.com
www.geoffgetsit.com
... more
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Mon Nov 19, 2012
Terry Farnsworth answered:
Victoria,

I'll echo the responses below. The problem with short sales is that there is no way of really knowing when, or if, the lender will respond. There are a variety of factors that can influence this. The list agent might not be versed at communicating with the lender, the sellers short sale package may be incomplete/missing paperwork, and on and on and on....

At some point, you'll need to decide whether the property is worth the hassle, and wait.

Terry Farnsworth
Licensed Broker
Prospect Equities Premier
www.SelectiveBuyer.com
... more
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Fri Aug 24, 2012
Jim Simms answered:
Credit scores are just a minimum threshold, you could have an 800+ score and still not meet the rest of the minimum requirements. Choose a Realtor you trust then have them introduce you to the loan officer they trust the most. Gather all of the support documents that will be needed to apply for a loan and meet with the LO face-to-face, have them walk you through the process and options available. It is hard enough to get to the closing table working as a team, much less with a loan officer you have never met, probably not licensed to do business in your state if you find them online. Good luck, home this helps,

Jim Simms
NMLS # 6395
JSimms@cmcloans.com
Financing Kentucky One Home at a Time
... more
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Tue Mar 13, 2012
Gene Mundt answered:
ralph919: There is no denying that self-employed people have to produce more documentation to obtain a mortgage these days. That said, should you produce/prove/answer underwriters questions during your processing, it should not be impossible. The name of the game is satisfying the mortgage underwriters and complying with their requests. It may take some time. It will take some effort. It will call for some patience. I will not lie. But work with a mortgage lender that has experience and success with your financial scenario ... and you will successfully buy a home.
I would appreciate the opportunity to speak with you, earn your trust, and work with you on your mortgage financing. I've served the Chicago/Chicagoland area for 35 years. I'll put that experience to work on your behalf. Best of luck to you no matter your decision. Please contact me, should you want to talk.
... more
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Tue Feb 21, 2012
Mark Minorczyk answered:
Hello judy,

4328 N Oak Park Ave , Harwood Heights, Illinois 60706--MLS #: 07639803
Is this the property you are inquireing about?
If it is, last posted price was for $149K. It is a short sale, 3 flat according to the listing and county code shows "Apartments 2-6".
There are currently two listings in Norridge and Hardwood Heights for 2-4 Flats:
7849 W Lawerance Ave , Norridge, Illinois 60706
4323 N Ozark Ave , Norridge, Illinois 60706

Sincerely,



Mark Minorczyk BPOR, SFR

Realtor-Broker

Cell: 773-320-0020

www.markmrealtor.com

buying â–  selling â– leasing â–  relocating â–  investing â–  I can help!!!
... more
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Wed Oct 28, 2009
Robert Chiarito asked:
article I'm looking for both pro and cons on these inspections. I know some cities have been challenged by various real estate boards about these. Please share! thanks
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