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60466 : Real Estate Advice

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  • Local Info1
  • Home Buying11
  • Home Selling1
  • Market Conditions1

Activity 17
Sun Oct 23, 2016
Kevin Anthony asked:
Wed May 25, 2016
Joe Stanford asked:
Thu Aug 13, 2015
Mqsimmons asked:
I purchased my home in 2006 before the real estate bust and the value of my house has depreciated more than 1/2 of the amount I paid for it. I work out a modification with the lender but…
0 votes 0 Answers Share Flag
Wed Sep 3, 2014
Terry McCarley answered:
Are you saying you will have $5000 as a down payment or are you thinking you can purchase a home for $5000 (which you can't do as they don't exist)?
0 votes 1 answer Share Flag
Thu Aug 14, 2014
Suzanne Hamilton answered:
Great question. First of all, if you look at all the south suburbs, with few exceptions, the taxes are high. Why? One reason is most of these towns have home rule, which allows them to tax without any ceiling. As far as whether they need it or not, that you would need to ask the villages. As far as I know, there are no changes to lower them. Again, another village question.

However, you do need to look at the other side of the coin. Taxes are higher BUT prices are much lower. Taxes and purchase price are all figured into your monthly payment. Would you rather pay more taxes and less price so you can earn more equity or pay less taxes and more price so you have less equity in the home.

Park Forest prices are still low and will increase in the future, so there will be equity. Taxes can be fought and you do get a deduction from real estate taxes on your annual income taxes.

You need to run the numbers. You can get more for your money when prices are low - more upgrades, more space.

We all hate taxes. Only fighting your assessment and your local government will change that. If you need a place to live, this is a potential opportunity.
... more
0 votes 1 answer Share Flag
Thu Dec 5, 2013
Patty Harrison answered:
Hi Suzanne:

I would be happy to help your customer. I am a local mortgage broker and would be happy to help them get pre-qualified We work with over 30 lenders to help you get the best possible financing. We specialize in FHA, VA, 203k renovation loans and Reverse Mortgages for refinance and purchase too! Were other banks require a 640 and above score to help with financing, our lenders will go as low as a 580 score on an FHA mortgage. 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; 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
1 vote 3 answers Share Flag
Thu Sep 19, 2013
Tanya Ess-Young answered:
Please see the provided link below to connect with a professional remax agent in this area who would be more than willing to assist you.
0 votes 1 answer Share Flag
Thu Sep 19, 2013
Virginia Calvin answered:
I can certainly help you with finding a rental property in Park Forest. Please call or email your preferences. Include your desired move date, and when you would be ready to pay both rent and security deposit.

We will need your email address to send pictures that match your specifications.

I look forward to speaking to you soon,
... more
0 votes 1 answer Share Flag
Wed Aug 28, 2013
Crystal answered:
FROM 10AM-3PM************************* 283 JUNIPER ST PARK FOREST IL

Move in ready!!! Price dropped from 25,000 to 18,000

make me a reasonable offer

full basement, w washer dryer hookups!
all serious reasonable offers will be entertained!

sorry no section 8
( you can not rent to own, you can not rent, sub lease, or lease!)

* ALL VIEWINGS UPON REQUEST* please contact me for more photos and information!
Come out and see!!

only a few blocks from Metra and shopping!!

283 Juniper Street Court J6
Area J Cooperatives
Park Forest, IL 60466


2BBR 1 Bath Interior Updated Unit


Sellers: Crystal & Gary Garhammer

What a beauty!

• New Maple hardwood floors and sub floor kitchen and dining room ( Sept 2012)
• Dining room features custom archway
• New custom cabinets and pantry
• New counter top and sink
• Stove, microwave, Refrigerator all Kenmore energy efficient. (2 years old)
• New Hunter quiet ceiling fans (dining room and living room)
• New light fixtures, electrical fixtures throughout (brushed nickel)
• ** New electrical outdoor outlet back porch** (great for lawnmower, parties, holiday decorations etc)
• Fresh paint throughout
• Open concept kitchen and dining room
• Whole house water filtration system
• Wood window treatments
• Landscaped front and back
• New front storm door
• New mailbox
• New basement door
• Vegetable garden
• Court parking
• New flooring and walls in bathroom (Italian Ceramic style 2012)
• New pedestal sink bathroom (2012)
• New fixtures bathroom (brushed Nickel, bathroom also has ceiling heat lamp)
• New upgraded neutral carpet throughout (8 months old 2012)
• Walk in closets, large bedrooms
• New fixtures in linen closet
• Unit received beautification awards.
• The best neighbors in Area J!!!!
• Playground steps from front and back door (great for families, grandparents, or just having people over with children)
• Unit is very clean and spacious, basement is unfinished with fresh coat of paint, and you can design it to suit your needs!
... more
0 votes 3 answers Share Flag
Tue Jul 30, 2013
Chris Fischer answered:
Your best bet would be to contact the HOA/Co-op board to get the exact answer on being able to sublet/rent within their community. From my understanding, the Park Forest Co-ops can be sublet, but with restrictions and board approval. Things may have changed, so please double check to be 100% sure. There are also numerous other great investment properties within Park Forest and all over the South Suburbs, let us know if you need help locating some, thanks! ... more
0 votes 1 answer Share Flag
Fri Jan 11, 2013
Riccardo Wardlow answered:
What you need is an FHA 203k loan. The VA does not do rehab loans. Give me a call or email if you would like to get qualified and get started.

Sean Cochran
VP Marketing and Development
Quality Mortgage Lending
630-470-6830 office
630-330-2229 cell
... more
0 votes 1 answer Share Flag
Tue May 22, 2012
John Potter answered:
Thu Apr 12, 2012
Suzanne Hamilton answered:
If you are getting a loan, probably not. What you want is a 203k loan. Mortgage companies and banks usually allow a few thousand dollars for closing costs to come back and be wrapped in the mortgage, but usually not this kind of money.

Depending on the kind of work that needs to be done, you may not even qualify for a regular loan if the bank or FHA minimum standards for occupancy can not be met. The 203k streamline loan is a loan that allows people to get up to 35k over the price of the mortgage for repairs and/or upgrades.

Also, many communities in this area require inspections to ensure minimum standards are met to occupy. So, many or all of these changes may need to be made prior to occupancy.

One more thing, if you are not aware Park Forest and Chicago Heights have an incentive right now through a state grant that you can get 10k for purchasing a vacant home.

I work in this area and I would be happy to help you find something and/or help you with a home. There are a lot of homes out there that have been rehabbed already and are in move in condition at this price point.

Please feel free to contact me for assistance and information.

Suzanne Hamilton
RE Marketing Consultants
... more
0 votes 3 answers Share Flag
Wed Sep 21, 2011
Chuck Anderson answered:
I have a loan agent that I have worked with who may be able to help you. He has helped me with several clients with low credit scores and/or credit issues that needed resolving. His name is Chris Polidori with Quicken Mortgage. I don't have his 800 number but his local number's are phone (313) 373-1096 cell (248) 890-3328. Another great mortgage person for this, again someone who has helped me with numerous clients, this one with Bank of America, is Mary McGaw, cell (734) 748-8515. They're both very knowledgeable and great to work with. ... more
0 votes 1 answer Share Flag
Wed Apr 27, 2011
Suzanne Hamilton answered:
You have found the right person. I have several rent to own homes in this area and would be happy to discuss with you. I bring together investors with people who want to own homes and want to do more than rent.

I have several happy people who are now in homes because of the program. I also have lenders who work with me on this.

Contact me and I would be happy to provide you with more information on this program and discuss your situation and needs.

Suzanne Hamilton
RE Marketing Consultants, Inc.
... more
1 vote 2 answers Share Flag
Wed Oct 31, 2007
Patti Pereyra answered:
I'm not sure what you're looking for in terms of information since your question does not provide any details, but there are currently 4 active listings at Sandra Oaks, between $69,900 and $76,900. One is under contract. ... more
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