find a realtor: Aurora IL Foreclosure Listing - Price Just Reduced $6000 - 08/19/10 11:09 PM
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find a realtor: Plainfield IL, Naperville Illinois Real Estate - Common Elements of the Short Sale Process - 01/29/09 06:28 AM
Short Sale will in NO Way affect your Credit as much as a Foreclosure will!!
Don't let the bank force you into foreclosure, a defiency judgement, wage garnishments, asset liens, and bankruptcy.
My Service is totally FREE to You -- The Bank Will Pay Me!I operate in Will, DuPage, Kane, and Kendall Counties
Your credit will recover in as little as 2 years. This is far better than the 7 to 10 years that most homeowners in your situation will face.
Below is the most common elements of the short sale process.
List the homeBank authorization forms signedSend bank authorization to the … (1 comments)

find a realtor: Plainfield IL, Naperville Illinois Real Estate - Renting a home in Naperville or Plainfield? - 10/20/08 08:50 PM
Rental Homes
Did you know that I can assist you in finding a rental home?  It's true!  Let me be your guide in finding your next rental property.  Whether it's a condo, townhome, or single family residence I can help.
Also, did you know that the landord takes care of my fee.  It's true!  What have you got to lose?
Contact me today.
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 … (1 comments)

find a realtor: Plainfield IL, Naperville Illinois Real Estate - Fannie Mae/Freddie Mac - 09/11/08 11:04 AM
Fannie, Freddie Takeover Keeps Mortgages Flowing The federal government's sweeping takeover of mortgage market giants Fannie Mae and Freddie Mac is expected to have positive short-term benefits to the real estate market and opens the door for the industry to shape the restructuring of the companies. The NATIONAL ASSOCIATION OF REALTORS® commended the Treasury Department's decision, which it said will bring much-needed stability and continued liquidity to the nation's mortgage market."This demonstrates that the government is clearly committed to keeping the flow of capital uninterrupted, which is crucial to the housing sector and the economy," NAR President Richard F. Gaylord said … (0 comments)

find a realtor: Plainfield IL, Naperville Illinois Real Estate - What is my home worth? - 09/09/08 11:14 AM
What is your home worth?All homes have a price, and sometimes more than one. There's the price owners would like to get, the value buyers would like to offer and a point of agreement which can result in a sale.
In considering home values, several factors are important:
The value of your home relates to local sale prices. The same home, located elsewhere, would likely have a different value. Sale prices are a product of supply and demand. If you live in a community with an expanding job base, a growing population and a limited housing supply, it's likely that prices … (0 comments)

find a realtor: Plainfield IL, Naperville Illinois Real Estate - Do I qualify for a short sale? - 09/03/08 09:38 AM
Do I qualify for a Short Sale? Do You....
Owe more on your Naperville or Plainfield area property than what you could sell it for, especially after real estate commission, closing costs, late payments, interest, etc? Have difficulty covering your expenses each month? Not have money in the bank to cover the difference of what you could sell your house for and what you owe the bank? Are You Having Trouble Making The Payments? Are You....
Feeling the stress mounting with each missed payment and phone call from your bank? Have difficulty covering your expenses each month? Getting confused as to … (0 comments)

find a realtor: Plainfield IL, Naperville Illinois Real Estate - 10 Things to Expect Going Through a Short Sale - 08/20/08 09:59 AM
10 Things to Expect Going Through a Short Sale
The bank is going to what to see your entire financial picture.  This means you will need to provide copy of back taxes, paycheck stubs, bank statements, personal financial statement, etc.  They will want to know what all your assets are. The bank may want you to sign a promissory note for the difference, now it will most probably be at a hugely reduced amount and may include monthly payments. When the bank gives the final approval of the short sale, they may request that the escrow close in as little as … (0 comments)

find a realtor: Plainfield IL, Naperville Illinois Real Estate - Down Payment Assistance - 08/16/08 02:54 AM
For first-time buyers, often the first thought that comes to mind is, "I need a down payment." This is often followed by the question, "Now, where do I get that down payment?"
Depending upon the loan type, a home mortgage typically requires 3 to 5 percent down. If you have the money, then you're set. But what if you don't? What if you're renting? You can afford a mortgage within your means, but coming up with the down payment money needed to begin the transaction can be challenging. So, where can you turn?
One of the most overlooked sources of down … (0 comments)

find a realtor: Naperville IL, Plainfield Illinois Real Estate - Should you buy a home in today's market? - 06/26/08 10:01 AM
Should You Buy a Home in Today's Market? Before we start, let us give you one reason to not buy a new home right now.
How long do you intend to live there?
A rule of thumb is that it rarely makes sense to buy if you expect to move within two years. That's because when you do sell, there are costs associated with selling. We're not just talking about sales commissions to the buying and selling real estate brokers. Most owners rely on home appreciation to pay those costs and to provide the down payment and closing costs when they buy … (1 comments)

find a realtor: 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 & Loan - REO Search First Union Bank - REOs GreenPoint Financial - REO Search GRP Financial Services Corporation - REO Search Home Loan and Investment Bank - REO Search HSBC - REO Search IndyMac Bank - REO Search IAS - Integrated Asset Services - REO Search M&T Bank - REO Search … (0 comments)

find a realtor: 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 amount ... way above. Say around $700,000.
Current Jumbo fixed rates are anywhere from 1.00 percent to 1.50 percent higher than conforming rates. That's a lot, and has many Jumbo buyers in a quandary. A 30 year fixed conforming rate might be 6.00 percent while a similar Jumbo rate could … (0 comments)

find a realtor: 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 in their homes. So, it's understandable that sellers might be reluctant to respond to an offer that is for less than the asking price.
Most sellers have a difficult time being objective about their homes. But, detachment is something sellers should strive for, particularly when the market favors buyers. To … (0 comments)

find a realtor: 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 that you enjoy a smooth transition to your new area. Please visit www.cherylbowers.com for your real estate needs.  Please give me a call if you have questions about the Plainfield, Naperville, and Aurora real estate market.
Cheryl Bowers, REALTOR® (630) 712-1921
(Copyright © 2008 By Cheryl Bowers, Realtor. All Rights Reserved.) … (0 comments)

find a realtor: 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 first quarter of 2007. The first quarter statewide median home sale price was $187,500, down 4.3 percent from $196,000 a year earlier. "Extreme winter weather on top of shaky consumer confidence due to rising gas and food prices and the uncertain economy affected overall home sales activity statewide. REALTORS do … (0 comments)

find a realtor: 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 market is in sight," says Alexis McGee, president of Foreclosures.com.Foreclosures.com says its analysis is based on the number of formal notices filed against a property during the foreclosure process. That can include notice of default, notice of foreclosure auction, and trustee's deeds/REOs (real estate owned by lender through foreclosure).In the … (0 comments)

find a realtor: 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 that in mind, here are a few things to consider when getting ready to sell:ExteriorRemember the 60-second rule: that's all the time you have to create a good first impression! Mow the lawn, rake leaves, trim trees and shrubs that keep light out of the house and remove dead plants. Pick … (0 comments)

find a realtor: 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 preapproved is a more in-depth process, a preapproval letter lets both real estate agents and sellers know that you're a serious shopper who means business.
What do I do to get prequalified?
A prequalification can be done online or over the phone and does not require your submitting financial documents. … (1 comments)

find a realtor: Plainfield IL, Naperville Illinois Real Estate - Home Staging Suggestions - 04/26/08 08:44 AM
Most Popular Home-Staging Suggestions In a slow market, it's particularly important to get a house ready to sell quickly. Here are some of my most frequently made suggestions:
Fix any visible problems that might be a red flag for potential buyers, including repainting walls. Cover damaged kitchen or bathroom floors with inexpensive peel-and-stick vinyl floor tiles - if a more expensive change seems out of the question. Repaint public rooms that will garner a lot of a buyer's attention, including the kitchen, dining room, and living room. Clean up the exterior of the house, add potted plants, repair damaged walkways, and put a … (0 comments)

find a realtor: Plainfield IL, Naperville Illinois Real Estate - How to avoid foreclosure - 03/27/08 12:20 PM
The following information is from www.yourillinoishome.com.  A great resource for home owners.
How to Avoid Foreclosure
If you are a homeowner at risk of foreclosure you need to know there are programs and services that can help. It's important to act quickly and before you are three months delinquent on your mortgage payment, says Beth Llewellyn, CEO of the Partnership for HomeOwnership and a U.S. Housing and Urban Development (HUD)-certified homeownership counselor with over 12 years of experience helping lower-income families achieve homeownership.
"Foreclosures in Illinois are a nine-month judicial process but after 90 days the lender will turn the delinquent loan over to … (0 comments)

find a realtor: Plainfield IL, Naperville Illinois Real Estate - Possible home ownership tax credit - 03/26/08 10:31 AM
Economist suggests $5,000 home-buyer tax credit to spur homeownership.  In the March Real Estate Insights, NAR (National Association of Realtors) chief economist Lawrence Yun, analyzes several federal plans proposed to curb foreclosures and stimulate the housing market. Yun proposes a homebuyer tax-credit of $5,000 tax credit (which currently exists in Washington, D.C.), which would cost the federal government $40 billion. Yun says: "A reversal in the weakness in the housing market, which has been subtracting about one percentage point off GDP growth, can add $40 billion to the U.S. Treasury, essentially offsetting the cost of the tax credit. If the initial $40 billion … (0 comments)

 
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Cheryl Bowers, Plainfield, Naperville, IL. Real Estate

Plainfield, IL

More about me…

Keller Williams Realty

Address: 608 S. Washington Street, Suite 100, Naperville, IL, 60540

Cell Phone: (630) 712-1921

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