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Joliet : Real Estate Advice

  • All136
  • Local Info13
  • Home Buying38
  • Home Selling7
  • Market Conditions7

Activity 65
Tue Apr 23, 2013
Alison Hillman answered:
Hi there-

Take a look at the local listings on Trulia:

Ali, community manager
0 votes 1 answer Share Flag
Thu Mar 28, 2013
Suzanne MacDowell answered:
There are any number of reasons a home may have what looks like a low asking price. The home may be in poor condition and need work to make it truly livable again, or it may need some significant updating. It may be this home is a short sale or a foreclosure, both of which generally are sold at a discount. Or this may be a home that is in the pre-foreclosure state and it may have been posted by a service that publishes the addresses of these properties whether or not they are being offered for sale by the bank or the owner and the asking price may not be an asking price at all, but the amount of a lien on the property.

If you are interested in purchasing a home, at any price, the smartest thing you can do is find a good realtor to work with. They will be able to answer all your questions on every property, or at least know where to find the answers.

Good Luck!
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Wed Mar 20, 2013
Ron Thomas answered:
Trulia is a REALTOR's Real Estate site;
your house must be LISTED with local MLS for information to be posted.

Good luck and may God bless
0 votes 2 answers Share Flag
Sat Feb 9, 2013
Helen Smith asked:
This question was asked from this property:
0 votes 0 Answers Share Flag
Thu Jan 24, 2013
Your Solar Realtor answered:
Hi, Marie. Please consult with a HMC or a mortgage professional. I do know that some credit unions use different guidelines for underwriting. So, your BKs might not apply.
Best wishes hope this was helpful. ... more
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Tue Jan 22, 2013
Tony Mitidiero answered:
A non-conforming loan is simply a loan that doesn't meet typical bank-funding criteria. Loans that are typically sold to Fannie Mae and Freddie Mac are generally considered 'conforming' loans because they meet Fannie Mae and Freddie Mac's criteria. Today, you can receive a conforming loan while putting as little as 5% down. The less you put down the more closely your credit will be looked at (i.e. higher score). Many people choose to use a non-conforming loan in today's market when they are not able to put down enough of a percentage of the purchase price and/or they don't have the credit score necessary to qualify.

Most consider an FHA mortgage to be a 'non-conforming' mortgage. If you are concerned, or have been told, that you do not qualify for a conforming mortgage, seeking an approval for an FHA loan should most likely be your next step. Today, an FHA loan will allow you to put down as little as 3.5% of the purchase price. An FHA loan will also have a little more lenient credit criteria.

In Illinois, you may also be able to take advantage of the IHDA program (or, Illinois Housing Development Authority program) that will allow you to put down as little as 1% of the purchase price.

There are several non-conforming financing options available to buyers today. Many of which are widely used and well understood by competent mortgage originators. If you would like to be referred to some excellent mortgage originators to talk to, please feel free to contact me.

I hope this was helpful.

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Wed Dec 26, 2012
Johnny James answered:
Thu Jan 10, 2013
Riccardo Wardlow answered:
Hi Vicky,

I was going to answer this question but there really isn't a question here. Let me know if you need some help.

Sean Cochran
Quality Mortgage Lending
0 votes 1 answer Share Flag
Wed Nov 7, 2012
Edith Karoline Jasser answered:
It is usually the Building Inspector and building department of each particular town that has its own rules for what is allowed and how much building up or out....They usually do require a new plat to
give you a good answer, and then it comes to the builder to get the permit for a particular plan, once you own the property...

By the way this is just one issue that comes up when buying a home.... there are so many different details to consider pay attention to and follow up on that you do not really want to tackle those all
by yourself, knowing what has sold in the area, what you should offer, is it the right area to build
a much bigger home, will yours be the largest home on the blog??? For resale considerations?
Inspection issues, lender issues and so much more. Do not do this on your own.... Work with an
experienced local Buyers Agent, this is the best advice I can give any Buyer...

Read on as it may explain it a little further
Why are you asking US here? And here is my reason for my question to YOU.... if and when you are
interested in buying a property whether condo townhouse or single fam. home, you should, or better yet MUST work with a buyers agent, a Realtor who has a representation agreement with you, you commit to the Realtor and the Realtor commits to YOU, at usually no charge to YOU as Buyers Agents are paid at the closing table by the Sellers side, if the property is listed with a brokerage on the Multiple Listing Service of the area. That way not only will you have one resource, one agent to talk
to and contact, that agent not only finds the right properties for your needs and pocket book but will
also educate you about the market, make appointments and accompany all showings, write your
offer and who will submit to you comparable properties that have recent sold so that you know for sure if the price you are offering on a property is a fair market value or not, the agent will negotiate on your behalf and in your very BEST interest the price and terms of the contract, and follow up along the way with all the various details necessary to lead to a successful closing.

Do not do this on your own!!! If you need a Buyers Agent Recommendation for your Area let me know, I gladly forward some good buyers agents to you for consideration.

Sincerely yours,
Edith YourRealtor4Life & Chicago and Northern Illinois Expert

Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
And always with a SMILE
Covering for @Properties the city of Chicago, all N and NW suburbs, the fine homes on the
North Shore, and many of the W and SW suburbs, and with her trusted Partner Agents all of
the US and worldwide properties. Edith speaks French, German, some Spanish and other.....
@Properties, 30 Green Bay Rd, Winnetka, Illinois 60093 ---- or Check out my website at htttp://
get to know me better and learn about my experience, expertise, services available and letters of recommendation of former clients..... Also you can sign up on my site to search for properties in my expanded service area. HAVE THE MOST WONDERFUL DAY :)
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Fri Jan 18, 2013
Scott Godzyk answered:
MAYBE, you may not be able to get a fha loan but there may be some loans available depending on if you re-established credit and what your financials are. your best bet is to meet with a local and trusted loan officer who can prequalify you at no cost and let you know. ... more
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Sat Nov 9, 2013
Suzanne Hamilton answered:
I can help you. The question is how much are you willing to spend (housing allowance)? cc Hills and Joliet will be cheaper but what type of homes do you want? are schools important? what do you want to stay close to? I understand military as I come from a military family and know how to sell that to a prospective landlord.

Feel free to contact me and I can give you some possibilities. I know all these areas and can help you find something fast.

Suzanne Hamilton
Managing Broker/Owner
RE Marketing Consultants, Inc.
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Fri Oct 5, 2012
Suzanne Hamilton answered:
Your credit score will have to be 620-640 to get a loan, but aside from that, my lenders are telling me minimum of 2 years on a bankruptcy and min 2-3 years on a short sale.

Higher credit scores, good income, assets/savings, good job stability, etc. help, but FHA is the shortest time on short sales and they are 2-3 years min, as I have been told. Conventional loans are typically longer to buy again.

My advice is work on your credit and save down payment and closing costs. FHA is 3.5% down.
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Thu Jan 10, 2013
Riccardo Wardlow answered:
Hi Rachel,

I'm not sure if you ever got an answer to this question but give me a call when you get an opportunity. I would be happy to discuss all financing options with you.

Sean Cochran
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0 votes 1 answer Share Flag
Thu Sep 20, 2012
Bryan Kasprisin answered:
Hi Kristen
I would love to stop by one day and take a look to see if i might have a buyer. I have helped hundreds of homeowners, just like you, manuver this diffucult market. I look forward to helping in anyway that I can. ... more
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Sun Aug 18, 2013
Andy Domas answered:
It's doable, depending on what you price range really is. What you need to do is get connected with a very experienced Realtor who can get you pre-approved, which is absolutely the first step, because you need to know what your "comfort zone" is, before you go shopping. Once pre-approval is established, then you truly need a Realtor who is looking out for YOUR best interests (which, BTW, is State law).

Follow this order, and you may well be a home owner before you know it!!
... more
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Wed Sep 19, 2012
Bryan Kasprisin answered:
Hi Sara
The American Dream is still alive and well so let me help you make it a reality. The first step is finding an agent you feel comfortable will be attentive to your needs and wants. Step 1a is getting together with a lender who can walk you through the process. They should be able to help you with first time home buyer programs etc..
I have helped hundreds of 1st time buyers, just like you acheive their dream of home ownership. I would be happy to help you in anyway I can.
... more
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Fri Jan 18, 2013
George Slowinski answered:
Marian Catholic has a very good reputation (located in Chicago Heights) There are many surrounding communities where you may find houses that would fit your needs. There is a Catholic school in Flossmoor which is a nice community, Infant Jesus of Prague that serves pre-school through 8th grade. Also, check out St. Joseph's Catholic School in Homewood an adjoining town to Flossmoor. Many students that go to Marian Catholic have come through these two schools. You can use this link to explore these towns and others in that area to get a better idea of what they have to offer:
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Mon Sep 10, 2012
Bryan Kasprisin answered:
Which home are you asking about?
0 votes 3 answers Share Flag
Thu Sep 6, 2012
Bryan Kasprisin answered:
I can help! Feel free to check out my website or call me 815-725-6260 . I have helped hundreds of people, just like you, attain their dream of home ownership. I look forward to hearing from you and helping in anyway that I can. ... more
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