| |
housing: Plainfield IL, Naperville Illinois Real Estate - $7500 Tax Credit - 08/26/08 11:33 AM
The Housing and Economic Recovery Act of 2008 authorizes a $7,500 tax credit for qualified first-time home buyers purchasing homes on or after April 9, 2008 and before July 1, 2009.
1. Who is eligible to claim the $7,500 tax credit?First time home buyers purchasing any kind of home-new or resale-are eligible for the tax credit. To qualify for the tax credit, a home purchase must occur on or after April 9, 2008 and before July 1, 2009. For the purposes of the tax credit, the purchase date is the date when closing occurs.
2. What is the definition of a … (1 comments)
|
housing: Plainfield Illinois, Naperville, IL Real Estate, - Short Sales - What's Needed? - 07/21/08 03:30 PM
When you go through the short sale process your lender will require certain documentation. Remember, the lender does not want to take the home back through foreclosure. That is a last resort for both the homeowner and the lender. The lender would rather accept a short sale as long as the borrower can show an inability to pay the mortgage.
Each lender has their list of required documentation. Therefore, the first step is to give your Realtor signed authorization to speak with the lender about your account.
Your Realtor will then request a "short sale package" from the lender. Most … (1 comments)
|
housing: 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)
|
housing: Plainfield IL., Naperville Illinois - Motorcycle Awareness Test - 03/23/08 09:07 AM
My dad as a Motorcyclist is aware of his surrounding at all times. Below is a test that he's passed on to me. He even failed the test. Click to take this test. As good as I think I am in regards to Motorcycle awareness I failed the test. Yes, I failed. Oh No. How will you do? Take it to see. About the author: Cheryl Bowers is a Naperville, Plainfield Area Residential Real Estate Expert, who can assist you with the purchase and/or sale of real estate in Naperville IL., Plainfield IL., or any place in the country. Cheryl has … (1 comments)
|
housing: Plainfield IL., Naperville Illinois - Fed cuts rate again, Is it time to Buy? - 03/23/08 09:04 AM
Fed steps in and cuts again Bernanke pulls out all the stops to ailing economyThe Federal Reserve significantly cut rates for the sixth straight time since September, this time cutting 75 basis points. This follows a busy weekend where the Fed also extended its hand to Wall Street, bailing out Bear Stearns with JP Morgan Chase. While rate cuts look good at face value, you need to prepare for what's to come.
Why did they do this? The Fed wants you to start spending money and wants to boost consumer and Wall Street confidence. Consumers are under stress with increasing consumer … (0 comments)
|
housing: Naperville Illinois, Plainfield IL. real estate - Will my mortgage insurance cover the difference if I default on my loan - 03/21/08 04:32 PM
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 can usually get the PMI removed after you have enough equity in the home. The lenders will not remove this for you. It is your responsibility to get this removed. Afterall, why do you want to be paying PMI if you don't have to. It doesn't protect you, it protects … (0 comments)
|
housing: Plainfield IL., Naperville Real Estate - Mortgage Fraud - 03/07/08 08:18 PM
Don't Get Caught In Mortgage Fraud
It's like a Train Wreck.
Mortgage fraud is among the top concerns of those investing in real estate. If you get caught in a mortgage fraud scheme it can create a financially painful and emotionally distressing situation. While there are many reputable and trustworthy mortgage providers, the lengthy documents filled with legal jargon make conditions ripe for misunderstandings. So before you sign, consider the following:
1. Read every page of every document.
2. Sign documents only after seeing that the original and the copy contain the same contents. Be sure to get your copy.
3. Make sure … (1 comments)
|
housing: Plainfield, Naperville Il. Real Estate - Incredible Video You've got to see this, It's Inspiring and I hope you never judge a book by its cover! - 03/01/08 09:17 PM
This video below is not only Incredible but it tells a story. Certainly, you can't judge a book by it's cover. The first impressions that Simon and the judges had I'm sure were not good ones, you can see it in their eyes. Then they're pleasantly surprised with this diamond in the ruff. This aired on Britain's Got Talent competition. Enjoy … (0 comments)
|
housing: Plainfield IL. Real Estate, Naperville, Illinois Homes For Sale - Bankruptcy & Your Credit Scores - 03/01/08 08:42 PM
Plainfield, Naperville, Illinois - Bankruptcy & Your Credit Score About the author: Cheryl Bowers is a Naperville, Plainfield Area Residential Real Estate Expert, who can assist you with the purchase and/or sale of real estate in Naperville IL., Plainfield IL., or any place in the country. Chery has created a team of professionals throughout the Plainfield, Naperville IL. area and the country 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 Naperville, Plainfield IL. Area real estate market. Cheryl … (0 comments)
|
housing: 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 (see "A Tale of Two Bubbles").
Securitization run amok
Of course, there's a bigger problem that resulted from the housing bubble, and that's securitization and the opacity around the trillions of dollars in mortgage-related securities and derivatives. Behind the ballooning supply of home loans was ballooning securitization. The share of new … (0 comments)
|
|
|
|
|
|
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
Email Me
 Listings
Links
Archives
|
;)
;)
;)
