homes for sale: 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)
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homes for sale: 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)
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homes for sale: 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)
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homes for sale: 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)
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homes for sale: 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)
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homes for sale: 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)
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homes for sale: 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)
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homes for sale: 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)
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homes for sale: 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)
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homes for sale: 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)
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homes for sale: 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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homes for sale: Plainfield IL, Naperville Illinois Real Estate - Aurora Townhome - 3 Bedroom, 3 Bathroom in Oswego School District 308 - 04/30/08 08:55 AM
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homes for sale: Plainfield IL, Naperville Illinois Real Estate - Why selling now makes sense - 04/29/08 10:01 AM
Why selling now makes sense
Homeowners reluctant to sell because prices have fallen should do the math and realize that the market downturn could work in their favor."People are finding houses at prices they thought they'd never see again," I would like to point out that to potential sellers that if the … (0 comments)
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homes for sale: Plainfield IL, Naperville Illinois Real Estate - If You Think You're Saving Money Renting ... Think Again - 04/29/08 09:57 AM
If You Think You're Saving Money Renting ... Think Again
A new report by the National Association of Realtors shows the real reason why home sales don't crash for long -- rents. When purchase demands slow down, rentals speed up. Rents provide the floor that stops housing prices from major declines.
Home … (0 comments)
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homes for sale: Plainfield IL, Naperville Illinois Real Estate - Reasons to buy a home - 04/28/08 07:24 AM
Pride of Ownership
Pride of ownership is the number one reason why people yearn to own their home. It means you can paint the walls any color you desire, turn up the volume on your CD player, attach permanent fixtures and decorate your home according to your own taste. Home ownership gives … (0 comments)
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homes for sale: 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 … (0 comments)
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homes for sale: Plainfield IL, Naperville Illinois Real Estate - The Five Factors of Credit Scoring - 04/16/08 11:09 AM
The Five Factors of Credit Scoring
There are five factors that comprise the credit score. They are listed below in order of importance, just as an underwriter would look at the score:
Payment History - 35% Impact. Paying debt on time and in full has a positive impact. Late payments, judgements, … (0 comments)
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homes for sale: Plainfield Illinois, Naperville, IL Real Estate - Mortgage Pre-Approval versus Mortgage Pre-Qualification - 04/14/08 08:01 AM
Is there a difference between a Mortgage Pre-Qualification letter and a Mortgage Pre-Approval letter?
The reality is that most all buyers need to obtain a mortgage loan to purchase a home. Since mortgage approval is such an integral aspect of a home purchase, wouldn't it make sense that REALTORS® have a … (0 comments)
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homes for sale: Plainfield IL, Naperville Illinois Real Estate - Short sale advantages - 04/07/08 01:16 PM
Short Sale Advantages:1. Short sales appear on your credit report as "pre-foreclosure in redemption", not as "debt discharged due to foreclosure"2. Less impact on your credit score3. All mortgage debt is fully discharged
About the author:
Cheryl Bowers is a Chicagoland Area Residential Real Estate Expert, who can assist you with the … (0 comments)
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homes for sale: Plainfield, Naperville Illinois Real Estate - If you’re facing Foreclosure - 04/07/08 07:19 AM
If you’re facing Foreclosure….. 1. Do not pay doctor bills or credit card debt ahead of the mortgage. Keep mortgage payments current as possible.2. Negotiate with your lender to restructure your mortgage. If the loan is guaranteed by a federal or state agency, the lender may be required to grant … (0 comments)
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homes for sale: Plainfield, Naperville Illinois Real Estate - Five Tax Saving Opportunities For The Self-Employed - 04/07/08 07:17 AM
Are you self-employed or a partner in a small professional practice? If so, you're probably very familiar with all the different challenges of running a business. Ultimately, you're responsible for attracting and retaining customers, providing them with quality services or products, getting paid for your work, and then paying your … (0 comments)
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homes for sale: Plainfield IL, Naperville Illinois Real Estate - Top 10 Short Sale Questions Answered - 04/04/08 05:57 AM
Top Ten Short Sale Questions Answered
Number 10
I can't make my house payments, but I do have an ability to pay back all or part of the negative equity. Also, I want to preserve my credit score...is a short sale right for me?
Probably, not. In cases where the seller can pay back … (0 comments)
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homes for sale: 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 … (0 comments)
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homes for sale: Plainfield IL, Naperville Illinois Real Estate - Getting a loan in a tight credit market - 03/27/08 12:09 PM
How to get a loan in a tight credit market.
While there is home financing available for people with good credit, the options are fewer if your credit score is less than stellar. If someone has a credit score below 680, they will pay more private mortgage insurance on loans above … (0 comments)
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homes for sale: Plainfield IL, Naperville Illinois Real Estate - Larger Loan Amounts, Lower Interest Rates - 03/27/08 09:31 AM
Larger Loan Amounts. Lower Interest Rates.Now Available On FHA Loans.
Good news! Qualified customers can now borrow loan amounts from $417,000 and up to $729,750 without paying a typically higher jumbo interest rate. The new FHA loan amounts are only available in certain metropolitan areas.
That means, for a limited time, purchasing or … (0 comments)
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homes for sale: Plainfield IL, Naperville Illinois Real Estate - How to get the perfect hard boiled egg. - 03/22/08 10:22 AM
How to get the perfect hard boiled egg.
Start by placing the eggs in an empty pot. Then fill with cold water until the water is about an inch over the eggs. Place pot on stove and turn to high heat to boil eggs. When the water begins to boil, turn down … (0 comments)
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homes for sale: Plainfield IL, Naperville Illinois Real Estate - Homes for rent - 03/21/08 08:49 AM
Did you know that I can help you find a home to rent?
In the multiple listing service, there are rentals available. Contact me today and we will work together to find a home for you to rent. Whether you want a month-to=month lease or a one year agreement, I'll be sure to … (0 comments)
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homes for sale: Plainfield IL, Naperville Illinois Real Estate - Should I refinance right now? - 03/21/08 08:40 AM
The economy is going through a rough patch, and the stock market is well below its all-time high. Mortgage rates have been dropping since the end of last year. For homeowners, that can mean only one thing: It's time to think about refinancing your mortgage.
If you can save on the interest … (2 comments)
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homes for sale: Plainfield IL, Naperville Illinois Real Estate - Capital gains taxes and short sales - 03/21/08 08:27 AM
Will I have to pay capital gains taxes if I sell a property as a short sale?No. If your bank suggested that, they are ridiculous. Capital gains would indicate that you are in some way "better off" financially because of money you have made. In a short sale, you lose and … (0 comments)
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homes for sale: Plainfield IL, Naperville Illinois Real Estate - Am I eligible for a short sale or is my only option foreclosure or bankruptcy? - 03/18/08 12:23 PM
I owe more than my home is worth. Am I eligible for short sale or is my only option foreclosure or bankruptcy?Always consult your lender as to what your options are. The options usually are: a short sale, deed-in-lieu of foreclosure (basically an accelerated voluntary surrender), and foreclosure. The banks like to prevent … (0 comments)
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homes for sale: Plainfield IL, Naperville Illinois Real Estate - Will my mortgage insurance cover the difference if I default on my loan? - 03/18/08 09:29 AM
If I pay mortgage insurance and default on my loan, why wouldn't that cover the deficiency amount?The mortgage insurance is not there for your protection, just the lender's. If you are paying PMI (private mortgage insurance) it is there to protect the lender in case you default on your loan. You … (0 comments)
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homes for sale: Plainfield IL, Naperville Illinois Real Estate - What is this I hear about Radon? - 03/11/08 11:48 PM
A state law requires radon disclosure as of January 1, 2008. What do you need to know?
When a buyer and seller sign a contract on residential real estate property in Illinois on or after January 1, 2008, the new Illinois Radon Awareness Act will apply to the sales transaction. According to the new … (0 comments)
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homes for sale: Plainfield IL, Naperville Illinois Real Estate - Sell your home by pricing it correctly - 03/11/08 11:38 PM
The secret to selling your home is pricing it correctly. If you are serious about selling then price your home below the comparable homes. A properly priced home will attract buyer showings. The correct price and good condition will cause a buyer to write an offer on a house. It's that simple!
I suggest sellers start … (0 comments)
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homes for sale: Plainfield IL, Naperville Illinois Real Estate - ATTENTION SELLERS: Is your home easy to show? - 03/08/08 07:12 PM
If your home is on the market, you better make it easy for buyers to see!
I was showing homes yesterday and I had problems showing 3 of the 7 homes I was to show my buyers.
At the first home, the home owner was there and unaware of the showing. I … (0 comments)
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homes for sale: Plainfield Illinois, Naperville, IL Real Estate, Homes for sale - Why to buy now! - 03/03/08 09:03 AM
Don't wait too long to buy a home in today's market?
While today's market plays to your advantage as a buyer, with reduced housing costs and favorable interest rates, are you sitting by waiting?
When the market turns, today's bargains will be yesterday's missed opportunities.
While it is conceivable that home prices … (0 comments)
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homes for sale: Plainfield, Naperville, Illinois Real Estate - Housing Glimmers of Hope! - 03/01/08 07:46 PM
Has a sufficient amount of air been expelled from the deflating housing bubble to suggest that a bottom is in sight? No. But there may be a few nascent signs of recovery amid the housing rubble. Let's start with a remarkable chart that compares the Nasdaq bubble to the housing bubble … (0 comments)
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homes for sale: Plainfield Il. Real Estate, Naperville Illinois Homes for Sale - Market upturn will not happen until 2010 - 03/01/08 10:53 AM
Home prices are forecast to fall more than 30% in some communities in 'the most severe housing recession' since 1945.
Housing markets from Orlando, Fla., to Stockton, Calif., will crash, and some will suffer price drops of more than 30% before the housing crisis is over, a report from Moody's Economy.com … (0 comments)
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homes for sale: Plainfield Il. Real Estate, Naperville Illinois Homes for Sale - 03/01/08 10:47 AM
WASHINGTON -- Federal Reserve Chairman Ben Bernanke Wednesday delivered an economic forecast fraught with risks from housing, labor and credit markets, suggesting policymakers remain on track to lower interest rates further next month.
Meanwhile, Mr. Bernanke indicated that inflation risks are more two-sided, though skewed slightly to the high side -- … (0 comments)
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homes for sale: Plainfield Il. Real Estate, Naperville Illinois Homes for Sale - 03/01/08 10:30 AM
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