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homes for sale: Alert !- Fake Short Pay Letters are coming up everywhere - Powerteamhomes.com - 10/17/11 06:53 PM
We are all aware of schemes in short sales from “Flipping” to “Flopping” and many others; now something else for Realtors to worry about: fake short pay letters from lenders. Nothing worse than having written a few contracts with a buyer and have the “good” one fall apart before the closing just because it was a scheme: so much work, time and effort and no payday. Here is a real example to keep in mind.
The seller was in the process of negotiating a short sale with his lender, Bank of America,through the services of a third-party short sale negotiation company. … (2 comments)
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homes for sale: Deep Thoughts on Election Madness - PowerTeamHomes.com - 10/18/10 12:15 PM
As we enjoy our second “late summer” I could not help but to take a moment and remember Nat King Cole singing about those “lazy, hazy, crazy days of summer.” It may have been the last quiet moment as Nat was obviously not thinking about the 2010 primary election season in Illinois and all over the country.
There has been no “down time” as negative TV commercials, flyers, letters and hit pieces are crowding our mailboxes and roadside signs are jockeying for positions on street corners. Live and recorded telephone calls and campaign workers knocking on doors: it’s all … (0 comments)
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homes for sale: Newest Credit Card Restrictions Take Effect - Powerteamhomes.com - 10/04/10 12:06 PM
By now, most of us have already noticed that our credit card statements have taken on a more reader friendly look than they have in prior years. Information such as when payments are due, the amount owed, the consequences of making late payments and how much we are paying in fees and interest on different types of accounts are now easier to find. The Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 was passed by Congress with the intent to protect credit card users from unfair rate hikes and hidden fees. The bulk of this new Act has … (0 comments)
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homes for sale: What's going on with Short Sales? - 03/13/09 06:35 PM
Having done a lot of questioning and research on why "Short Sales" are taking soooo long, I have discovered the following that may prove helpful as you consider the opportunities available to your buyers or sellers.
Q: What is a short sale?
A. With real estate prices currently at 2005 levels, many homeowners find themselves needing to sell, BUT discover they owe more than the homes current value. Reason's for selling can vary from a job transfer, to a homeowner no longer able to make mortgage payments due to job loss, recent divorce, business failure, or a Sub-prime ARM reset.
If the reason for selling … (7 comments)
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homes for sale: The Truth on the New Home Buyer Tax Credit - 02/21/09 11:54 PM
While the proposed $15,000 home-buyer tax credit died in negotiations between the House and the Senate, the $787 billion stimulus bill that President Barack Obama signed into law Tuesday includes a similar--albeit smaller--measure designed to help revive our real estate market. Here are six things you need to know about the freshly-enacted $8,000 first-time home buyer tax credit.
1. $8,000 for new buyers: The tax credit included in the economic stimulus legislation is much narrower than the $15,000.00 proposal. This credit is equivalent to 10 percent of the purchase price of the home--although it's capped at $8,000--and applies only … (0 comments)
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homes for sale: Grayslake Homes for Sale. Real Estate in Grayslake,Illinois - 12/01/08 04:47 PM
Looking for a Homes in Grayslake?
Our Comprehensive Grayslake,Gurnee,Antioch,Wauconda,Lake County,and Northern Illinois real estate database is updated daily, and supported by Top Pro real estate agents who are ready to help you buy, sell, or develop on your terms. We pride ourselves on knowing Grayslake,Gurnee,Antioch,Wauconda,Lake County,and Northern Illinois real estate understanding the markets, and making the process Hassle Free!
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Paul N. Paterakis Lake Zurich, Long Grove, Hawthorn Woods, Kildeer Real Estate
Lake Zurich,
IL
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The Paul Paterakis Power Team-Remax Showcase Homes For Sale
Address: 7159 RFD, Long Grove, IL, 60047
Office Phone: (847) 388-7551
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