Plainfield, IL., Naperville Il. Real Estate, Homes for sale

Home : Blogs : Cheryl Bowers, Plainfield, Naperville, IL. Real Estate : Plainfield, IL., Naperville Il. Real Estate, Homes for sale : Archives May, 2008

Plainfield IL, Naperville Illinois Real Estate - Looking for Foreclosures? Sharing My Personal Source List! - 05/28/08 07:56 AM

Looking for Foreclosures? Sharing My Personal Source List!
National REO Banks:
Bank of America - REO Search Bank One - REO Search Beal Bank - Commercial CitiMortgage - REO Search Compass Bank - REO Search Countrywide - REO Search Downey Savings & Loan - REO Search Freemont Investment & … (0 comments)

Plainfield IL, Naperville Illinois Real Estate - VA Jumbo Loan - 05/27/08 11:03 PM

For years, the Veterans Administration has allowed "Jumbo" VA loans; it's just that hardly anyone knew about them. The current VA loan limit with zero down, is $417,000, matching the conforming loan limits set by Fannie Mae and Freddie Mac. But the VA does make allowances for VA loans above that … (0 comments)

Plainfield IL, Naperville Illinois Real Estate - Fannie Mae nixes extra 5% down - 05/21/08 05:22 AM

Update
Fannie Mae nixes extra five percent down in "declining markets." On May 16, the country's largest secondary mortgage market company, Fannie Mae, announced that it will no longer require borrowers to put up an extra five percent down payment when purchasing homes in areas deemed "declining markets." According to an … (0 comments)

Plainfield IL, Naperville Illinois Real Estate - If home's been on market awhile, it's time to rethink strategy - 05/20/08 11:03 AM

Here's a great article from Inman News:
Sellers, pay attention to lowball offers
If home's been on market awhile, it's time to rethink strategy
By Dian Hymer, Monday, May 19, 2008.
Inman News
Selling a home can be an emotional experience because most sellers have a lot more than money invested … (0 comments)

Plainfield IL, Naperville Illinois Real Estate - The Fed: Betting on a rate hike - 05/15/08 09:44 PM

There is a growing sense that the worst of the credit crunch may be behind us. And despite a tamer-than-expected reading for April, inflation is still very much a concern for many Americans.
So with that in mind, could the Federal Reserve be forced to raise interest rates before the end … (0 comments)

Plainfield IL, Naperville Illinois Real Estate - Energy efficiency guide - 05/14/08 08:55 AM

About the author:
Cheryl Bowers is a Chicagoland Area Residential Real Estate Expert, who can assist you with the purchase and/or sale of real estate in Plainfield, Naperville, Aurora Illinois or any place in the country. Cheryl has created a team of professionals throughout the Chicago suburbs to ensure … (1 comments)

Plainfield IL, Naperville Illinois Real Estate - Fannie Mae's housing recovery initiative - 05/13/08 08:47 PM

Fannie Mae's new housing recovery initiative. On May 6, Fannie Mae announced its Keys to Recovery Initiative to promote liquidity, stability, and affordability in the housing and mortgage markets.
Here are highlights developed by NAR:
First, Fannie is working to reduce the cost to consumers of jumbo conforming loans (loans above $417,000 … (0 comments)

Plainfield IL, Naperville Illinois Real Estate - Illinois 1st Quarter Housing Update - 05/13/08 08:38 PM

Illinois 1st Quarter Housing Update
Illinois median home prices held their own in the first quarter while sales were constrained by the ongoing credit crunch and a softening economy. According to Illinois Association of Realtors (IAR) first quarter report, home sales totaled 21,576, down 27.0 percent from 29,553 home sales in the … (0 comments)

Plainfield IL, Naperville Illinois Real Estate - Is the end near? April foreclosures and pre-foreclosures drop - 05/13/08 11:38 AM

The nation's foreclosure hemorrhage slowed a bit last month, according to Foreclosures.com. Lenders repossessed 74,570 homes following foreclosure in April, down more than 5 percent from March. April pre-foreclosures dropped 7.52 percent from March too, according to California-based Foreclosures.com foreclosure information specialists."The sky isn't falling, and the bottom of the housing … (0 comments)

Plainfield IL, Naperville Illinois Real Estate - Get your home ready to sell - 05/09/08 10:15 AM

Get Your Home Ready To Sell
In preparing your house to sell, ask yourself over and over if your house looks like someone else's dream house. Houses in move-in condition tend to be inviting to buyers; houses that are like new typically sell the fastest and procure the best price.With … (0 comments)

Plainfield IL, Naperville Illinois Real Estate - How much house can you afford? - 05/09/08 10:09 AM

Deciding how much house you can afford
Before you start house hunting, you need to determine how much house you can afford, which will entail getting either prequalified or preapproved for a home loan. A real estate agent can help you find a mortgage broker to begin the process. While getting … (1 comments)

Plainfield IL, Naperville Illinois Real Estate - Negotiation Tip - 05/06/08 08:17 PM

Negotiation is back in style, and is likely to remain a necessary part of buying or selling a home in today's residential housing market.
Needless to say, you need to work with the best real estate professionals you can find in your area. In most cases, it takes a team effort … (0 comments)

Plainfield IL, Naperville Illinois Real Estate - Financing Solutions - 05/06/08 08:56 AM

Overcoming the misconceptions about the "credit crisis"
You've watched the news and read about it in the papers. You know, the "credit crisis" and how buyers need 20 percent down in order to buy a home? And even if you found a buyer with 20 percent down, lenders aren't making loans anyway. So, … (1 comments)

Plainfield IL, Naperville Illinois Real Estate - Mold Must Go (6 Things to Know) - 05/02/08 08:27 AM

Mold is a potential health danger for any family and also a legal liability for sellers. Because of the fear over mold contamination there are so many lawsuits flying around today that sales of resale homes are in jeopardy -- and insurance companies are scrambling to avoid liability, with some U.S. insurers … (0 comments)

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