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Via Tim Maitski (RE/MAX Greater Atlanta): Forget about troubled homeowners trying to stop the foreclosure with a "show me the note" defense. It's kind of a David vs. Goliath battle. That's kind of small potatoes compared to what's shaping up to be massive lawsuits between two Goliaths: banks vs. large investment houses. It looks like it is likely that we'll be seeing investors of MBS(mortgage backed (2 comments)
Schaumburg Township Assessor - File an Appeal! - 01/28/11 04:15 PM
Schaumburg Township Reassessment Notices Mailed Once you receive your reassessment notice you will be able to come into the Schaumburg Township Assessor's Office to begin filing your appeal. The deadline to file your appeal with the Schaumburg Township Assessor's Office will be February 22nd, 2011.Township Holds Tax Appeal Seminar on February 8th, 2011 A tax appeal seminar for Schaumburg Township homeowners on how to appeal their new assessments will be held at 7pm on February 8th at Schaumburg High School. Staff from the Cook County Assessor's Office will be there to file appeals. Residents need to bring the reassessment notice they received in the (0 comments)
Bloomingdale Homes - Bloomingdale IL Real Estate Market Summary 2010 - 01/27/11 06:26 PM
Bloomingdale Homes - Bloomingdale IL Real Estate Market Update 2010 How to describe this market for Bloomingdale Homes? Unfortunately, up ... down ... all around!Over the final quarter of 2010, inventory for Bloomingdale Homes was at 12.1 then up to 18.6 months then ending again at 12.1. Where did a large portion of these homes go? I think that sellers have taken their homes off the market and decided not to move or the sellers have become 'reluctant' landlords in order to continue with their future plans. The problem is not solved, only postponed to a future date when the lease expires. There is (0 comments)
Elk Grove Village IL Homes - Elk Grove IL Real Estate Market Summary 2010 - 01/27/11 09:02 AM
Elk Grove Village IL Homes - Elk Grove IL Real Estate Market Update 2010 How to describe this market for Elk Grove IL Homes? Unfortunately, up ... down ... all around!Over the final quarter of 2010, inventory for Elk Grove IL Homes was very steady at 11.7 months then down to 10.4 then ending up at 13.1 months. Where did a large portion of these homes go? I think that sellers have taken their homes off the market and decided not to move or the sellers have become 'reluctant' landlords in order to continue with their future plans. The problem is not (1 comments)
Heatherwood Estates West - Schaumburg IL - 01/26/11 07:30 PM
Heatherwood Estates West - Schaumburg IL Heatherwood Estates West was started in 1991 by Pasquinelli Builders and offers 2 distinct sections (Original Heatherwood here). Heatherwood Estates West offers 8 different models to choose in manor homes/coach homes either on the 1st or 2nd floors and all include a private garage. In addition Heatherwood Estates West changed the bathroom configurations giving buyers a smaller bath and another walk-in closet (Mark 1). Popular options available: ranch style living, vaulted livingrooms, vaulted bedrooms, gas log fireplace, skylites, garden tub, oak trim work and doors, window seats, walk-in closets, separate showers and deluxe baths.Heatherwood Estates West (2 comments)
Heatherwood Estates - Schaumburg IL - 01/26/11 04:34 PM
Heatherwood Estates - Schaumburg IL Heatherwood Estates was started in 1989 by Pasquinelli Builders and offers 2 sections in 3 locations. This post is concerned with the first phase. Heatherwood Estates offers 8 different models to choose from either on the 1st or 2nd floors and all include a private garage. Options possibly available: vaulted livingrooms, vaulted bedrooms, gas log fireplace, skylites, garden tub, oak trim work and doors, window seats, walk-in closets, separate showers and deluxe baths. Heatherwood Estates offers plenty of open space, green areas and has a large pond with walking path. Close proximity to banks, grocery store, (1 comments)
Roselle IL Homes - Roselle IL Real Estate Market Update 2010 - 01/26/11 07:52 AM
Roselle IL Homes - Roselle IL Real Estate Market Update 2010 How to describe this market for Roselle IL Homes? Unfortunately, up ... down ... all around!Over the final quarter of 2010, inventory for Roselle IL Homes was up substantially to 20.5 then down to 9.7 months then ending up at 12.0. Where did a large portion of these homes go? I think that sellers have taken their homes off the market and decided not to move or the sellers have become 'reluctant' landlords in order to continue with their future plans. The problem is not solved, only postponed to a future (2 comments)
Who's Client is it Anyway? Or, Meet Attila the Hun! - 01/23/11 01:57 PM
Who's client is it anyway? Was reading Joseph Michalski's post today and it put a 'spark to my keyboard' about a similar circumstance I've just had with a loan officer. This loan officer begins to berate me with the words 'I am working for MY client'. Well, that's nice because I know for certain you have never MET this client in person let alone have his 100% best interests in mind. Background: My buyer writes an offer on a REO and we win in a dual offer situation (another post). Problem is the bank will not sign the contract even though (14 comments)
Cleaning for a Reason - Helping Women Who are Fighting Cancer - 01/23/11 12:36 PM
This is wonderful help for women having chemotherapy! If you know of anyone having chemo, click thru to our state, and there are maid services being offered to those in need! Please pass this along to everyone you know! Help these women get thru a difficult time.
Via The Scott Loper Team Lansdale & Harleysville PA Homes (RE/MAX Realty Group): If you know any women currently undergoing chemotherapy, please pass the word that there is a cleaning service that provides FREE housecleaning - once per month for 4 months - while she is in treatment. All she has to do (5 comments)
Eagles visit Elgin so I went to ogle them! - 01/22/11 11:43 AM
Bald Eagles visit Elgin so I went to ogle them! It was a rare event we had in this area right after some extremely warm weather the bald eagles came down along the Fox River that flows through Elgin. Since the river was no longer frozen it was a complete fishing expedition for the eagles. On the day I was there last week it was absolutely freezing! The Elgin Library was gracious enough to be a warming area if you wanted to go inside. The wind and cold just flew down that frozen water! I was prepared as best as I (11 comments)
Down Payment Assistance - SmartMove for Illinois Buyers - 01/21/11 01:53 PM
SmartMove Program for First-time Buyers in Illinois SmartMove offers mortgage products with incentives such as affordable interest rates and down payment assistance. Veterans can also apply. SmartMove features up to $6000 for down payment and closing costs as a 10 year zero percent forgivable loan. Obviously the program is geared toward borrowers who need extra flexibility on sources of income or who have limited funds for down payment and closing costs.SmartMove features: Minimum down payment loan amounts from 96.5 to 100% (this means 3.5% down up to zero down) Conventional, FHA, USDA products available Fixed rate loans with up to 30 (0 comments)
What's wrong with this picture? - 01/19/11 06:02 PM
What's wrong with this picture? Literally? Notice anything odd for a new listing in January? Now, you're starting to get it - that's right, where's the snow? I don't know what's come over everyone in my area recently but more and more new listings actually have leaves on the trees. What a special listing it is! None of my listings have a nice green lawn & leafy trees.I can understand putting one summer picture of the great deck & backyard showing how it 'could' look. But these are the 'main picture'. It's supposed to represent how the house looks 'today'. Maybe they (12 comments)
Northwest Suburbs Housing Market Update - December 2010 - 01/19/11 11:22 AM
Northwest Suburban Housing Forecast Inventory slightly up - Sales flat. That's pretty much how the market has shaped up for 2010. What is selling is the low end of every price range which will further pull down the average sales prices in the Northwest Suburbs. On updating the graph below over November, all the average sales prices were adjusted downward between $2000 to $4000 except for Elk Grove which stayed the same.Northwest Suburban sales figures have been slight through the last quarter of 2010. The year has unfortunately ended without much applause. Even with the added advantage of low interest rates, the sales have (0 comments)
Kitchen Decorating Idea or Disaster Waiting to Happen? - 01/18/11 05:07 PM
Kitchen Decorating Idea or Disaster Waiting to Happen?Recently going through the 'new things you should know about' from House Beautiful online. They had a article about 10 Ways to Make your Kitchen New Again. The horrible advice intrigued me and made for some afternoon comedic relief. Like add a lamp in your Kitchen. Yeah, ok. Right next to the Mr. Coffee?I wanted to share with you the only worthwhile 'new' idea that I saw in the article. Maybe this might not be bad to give a kitchen a new feel or give a taste of 50's flair. It's called Tile Tattoos (13 comments)
Buckingham Woods - Streamwood IL - 01/18/11 11:26 AM
Buckingham Woods - Streamwood IL Buckingham Woods offers a great location with 35 acres of woods, open spaces, walking paths and ponds. Built by Pulte in 2004/2005 offers distinctive floorplans with serious square footage. (Map on right will take you there) Many wonderful customizations available here including walk-out and look-out basements. There are 6 models to choose from in Buckingham Woods and square footage is from 2470 to 3586. Some of the wonderful features of Buckingham Woods are 9 foot ceilings on 1st floor, tray ceilings, architectural columns, 2-story familyrooms, extended familyrooms, 1st floor library, hardwood floors, catwalk landings, Master Bath (0 comments)
Towne Place West - Schaumburg IL - 01/17/11 06:53 PM
Towne Place West - Schaumburg IL Towne Place West is a fairly large Schaumburg Community built by Lexington Builders in 1992/1993 located southeast of the intersection of Schaumburg and Barrington Roads behind the Target Greatland. (The Google map on the right can take you there). A great mix of open areas, landscaping and recreation are available here. There are two pools and clubhouses in the neighborhood and a walking/jogging path is also provided surrounding a nature preserve and pond. The Schaumburg Park District also operates soccer, baseball and tennis courts inside Towne Place West's boundaries. The Metra Train is available at either (3 comments)
I only wear one hat every day! - 01/17/11 01:04 PM
I'm glad I'm only a real estate agent not a well followed nationally syndicated financial advisor - stock market analyst - investment advisor - real estate agent - 'jackette' of all trades! I only have one hat to wear when I get up in the morning and to me that's important, and it should be important to you, as a buyer or seller in the Northwest Suburbs of Chicago.What got my undies in a bunch early Sunday morning you wonder? Well, a Chicago Tribune article summarizing another article from Chicago Magazine on the state of our real estate economy in the (27 comments)
East Hamptons - Elk Grove IL - 01/17/11 08:25 AM
East Hamptons - Elk Grove IL The East Hamptons were built in 1987/1988 by Centex Homes offers private entrance townhomes with a 1 car garage. Surrounded by the Fox Run Golf Links offering wonderful green areas and water views. Plenty of open area with Fox Run Golf Course and the Schaumburg's Spring Valley Nature Sanctuary to the north. Driving Range just off Meacham Road for the golf enthusiast. The East Hamptons are located in the Schaumburg School Districts 54 & 211. Close to Woodfield and all major expressway access not to mention all the great shopping in the area. Commuters going to Chicago (0 comments)
Huntington Chase - Elk Grove IL - 01/17/11 08:23 AM
Huntington Chase - Elk Grove IL Huntington Chase in Elk Grove IL built by Lexington Builders in 1995/1996 offers 2 versions of maintenance free homes. Carriage Homes with units on the 1st or 2nd floors entirely or traditional 2-story townhomes. All styles at Huntington Chase have a private entrance and either a 1 or 2 car garage. Huntington Chase offers 2 wetlands areas, park area, playground, and baseball field. Commuters love Huntington Chase with it's easy access to 355 North or South and it's close proximity to Alexian Brothers Hospital. Woodfield is just minutes away for all the shopping you could (1 comments)
Hamptons - Elk Grove Village IL - 01/14/11 04:08 PM
Hamptons - Elk Grove IL The Hamptons were built in 1983/1984 by Centex Homes offers private entrance townhomes with a 1 car garage. Surrounded by the Fox Run Golf Links offering wonderful green areas & water views. The Hamptons are located in the Schaumburg School Districts 54 & 211. Plenty of open area with Fox Run Golf Course and the Schaumburg's Spring Valley Nature Sanctuary to the north. Driving Range just off Meacham Road for the golf enthusiast. Close to Woodfield and all major expressway access not to mention all the great shopping in the area. Commuters going to Chicago usually use (0 comments)
Glens of Schaumburg - Schaumburg IL - 01/13/11 03:33 PM
Glens of Schaumburg - Schaumburg IL Glens of Schaumburg manor homes/coach homes obviously located in Schaumburg IL was originally built by Pasquinelli Builders starting in 1986. The Glens of Schaumburg is a popular area with commuters because it is close to the Schaumburg Metra Station (Milwaukee West Line) which you can walk (if your athletic) or drive too. The Schaumburg Station offers plenty of parking and express runs into Schaumburg or from Chicago. Access to the Elgin-O'hare Expressway is also a short drive away. The Glens of Schaumburg at inception offered very contemporary floor plans with 9 foot ceilings on the 1st (1 comments)
Via Richard Vetstein (Vetstein Law Group, P.C., TitleHub Closing Services LLC): The Massachusetts Supreme Judicial Court’s U.S. Bank v. Ibanez foreclosure decision is already a huge national story and has huge implications for the foreclosure and REO market. (The ruling is embedded below). The high court ruled that two foreclosures of sub-prime mortgages were (2 comments)
Fox Run - Elk Grove Village IL - 01/12/11 01:10 PM
Fox Run - Elk Grove IL Fox Run Manor Homes/Coach Homes were built in 1986 by Centex Homes offering a great location surrounded on the north by the Schaumburg Spring Valley Nature Sanctuary and the Fox Run Golf Course to the east. Fox Run although located in Elk Grove is in the Schaumburg School Districts 54 & 211. Close to Woodfield and all major expressway access not to mention all the great shopping in the area. Commuters going to Chicago usually use the Medinah or Roselle Stations (Milwaukee West) located to the south.There are 8 different models available in Fox Run and (1 comments)
Refrigerator Recycling - Get $$ for that old clunker! - 01/11/11 09:18 AM
Recycle your Refrigerator and make money too! It's a new year, so recycle that second, old refrigerator and receive $35! It could also help you save up to $150 a year in electricity. Make your appointment today.You can also call 1-888-806-2273 between 7am-8pm M-F and 9am-5pm Saturday. (It's easier to just schedule online - that's what I've done & it's more convenient)Let ComEd recycle your old, working fridge in an environmentally responsible way. They will haul away that old energy hog for FREE and give you $35. They'll take working freezer and room air conditioners too. Old fridges and freezers (9 comments)
I think I'm trying to sell something? - 01/10/11 03:00 PM
I think I'm trying to sell something. Yep, I've looked at the submitted contract again just to be sure.The buyer thinks they have submitted an offer to the REO bank. They are looking forward to just getting thru the acceptance part of the contract scenario.I've submitted an offer on an REO over a month ago now and there just hasn't been any word. The buyers have lost their enthusiasm and have now gone into 'irritation mode'. I can't say I blame them because they logically are thinking the bank wants to sell the house right?Well, errr, sorta I guess. They did (19 comments)
The Zillow Trap - Don't Get Yourself Caught Up In It - 01/10/11 01:53 PM
Buyers or Sellers be leery of the 'instant' price evaluation or 'Zestimate' that you can get online. It might prove 'instant' but it is highly inaccurate as most of my investigations have proven. Nothing ever compares to good reliable data from Realtors or appraisers in your area. The rest is just 'entertainment'. This is a well written post from Jon Tipton in Florida, enjoy.
Via Florida's Beautiful Homes- Realtors®: I hope the headline caught your attention. While I have never been a big supporter of Zillow, they do have some cool features on their website. However, I must warn anyone (1 comments)
Great area to start for first-time buyer or for investment.
923 Charlela, Elk Grove Village IL (0 comments)
Stop wrecking my MLS you Bozo's! - 01/10/11 09:09 AM
Stop wrecking the MLS! The last few weeks I've really been fuming doing the 2010 year end sale stats in our MLS. There are so many foreclosures, short sales that are not properly categorized it just makes you sick. Our MLS used to be pretty tough about required fields so that we would have the quality search results that we need. Now - forget it. I have to re-search and re-check all the closed sales by street names to be sure that I've gotten everything sold in that subdivision.
Why? Just because these lazy REO agents feel they don't have to fill (17 comments)
Towne Place - Schaumburg IL - 01/09/11 06:14 PM
Towne Place - Schaumburg IL Towne Place is a fairly large Schaumburg Community built by Lexington Builders located northeast of the intersection of Schaumburg and Barrington Roads behind the Kohls and Lowe’s Shopping Center. (The Google map on the right can take you there). A great mix of open areas, landscaping and recreation are available here. There are two pools and clubhouses in the neighborhood and a walking/jogging path is also provided surrounding a nature preserve and pond. The Schaumburg Park District also operates Veterans Park which offers soccer, baseball and football fields inside Towne Place's boundaries. There is also the pond at (1 comments)
Meribel - Schaumburg IL - 01/09/11 05:23 PM
Meribel Sales Summary Meribel is a great townhome community built in 1993/1994 and located near the intersections of Barrington and Schaumburg Roads just behind and north of Home Depot. (Google Map on the right will take you there and show you around). Meribel is comprised of 2-story styled townhomes each with a private entryway and one car garage. Features and upgrades could include: 9 foot volume ceilings on 1st floor, hardwood floors, over sized windows, lofts, upgraded cabinetry, skylites, vaulted Master Bedroom. ALL HOMES IN MERIBEL HAVE 2.5 BATHS.There have been 9 homes sold and closed for 2010. Meribel has only 2 models (0 comments)
Briar Pointe - Schaumburg IL - 01/09/11 09:25 AM
Briar Pointe - Schaumburg IL Briar Pointe Townhomes were built in 1996/1997 and located near Springinsguth and Irving Park Roads in Schaumburg. Briar Pointe is surrounded by open areas, parks, walking paths and nature sanctuaries. Popular area with the current residents because of it's close proximity to the Schaumburg Train Station (Miwaukee West) and the Alexian Field Minor League Baseball Stadium. Short drive to access the Elgin-O'Hare and then a connection to 355 North/South and into Chicago. Within Briar Pointe boundaries the Schaumburg Park District operates a baseball field, socceer field, tennis courts, kids play area and covered picnic area with benches. (1 comments)
How come my earnest money check wasn't returned? - 01/08/11 09:30 AM
How come my earnest money check wasn't returned? Dear Lyn:I was wondering why the other buyers agent I was working with on a property has not given back my earnest money deposit. I did not win in a multiple bid situation on a foreclosure. That was 2 to 3 months ago and I still haven't heard from him. Will I loose my earnest money?Dear Concerned Buyer:Absolutely not! The other agent should have returned your certified check for the earnest money as soon as the other offer was accepted. I understand from our conversation on this that the seller (REO) wanted all earnest (12 comments)
Weathersfield Lakes - Schaumburg IL Home Sold! - 01/07/11 11:08 AM
Sold in Weathersfield Lakes! Largest model available which has a first floor Familyroom or 3BR if you desire. Many homes have a wet bar in this model. The one I sold had real hardwood floors on the 1st level. Formal Diningroom was open to the Kitchen. Both baths were remodeled and the 1st floor bath has a whirlpool. The BR's are large upstairs with plenty of closet space.
If you are looking to sell your home in Weathersfield Lakes, please visit this post to see what has recently sold for 2010. I would welcome the opportunity to meet with you.If (3 comments)
Weathersfield Lakes - Schaumburg IL - 01/06/11 05:42 PM
Weathersfield Lakes Weathersfield Lakes is a community of quad homes (group of 4) built by Campanelli Builders in the mid 70's. One of the 'top 10' most popular subdivisions in Schaumburg IL, it's closely located to Volkening Lake for paddle boating in summer and ice skating in the winter months. There is also a popular walking path around the lake for joggers and dog owners. The association offers a large clubhouse with party or meeting rooms and an outdoor pool. There are 3 different models in Weathersfield Lakes and all offer a private entry and 1 car attached garage. One of (1 comments)
Wildberry - Streamwood IL - 01/06/11 04:15 PM
Wildberry - Streamwood IL Sales summary for Wildberry Townhomes in Streamwood IL near Barrington and Bode Rds. Very popular area across the street from the Cook County Forest Preserve with wonderfully maintained walking, jogging and recently added bike paths. Wildberry is comprised of private entry 2-story or ranch styled townhomes with a 1 car garage. The association has an outdoor pool and clubhouse available for all homeowners. Wildberry is in the popular Schaumburg School District 54 and 211. Prices range in 2010 from $87,000 to $176,000. Great value and square footage for your money here! Two models have very popular 'ranch' styling (0 comments)
High End Foreclosure Sales in the Chicagoland Area 2010 - 01/05/11 12:47 PM
High End Foreclosures in the Chicagoland Area for 2010 You'd have to admit that 2010 has been an unusual year for all of us in real estate. I've recently stumbled upon some interesting foreclosures in our area. Obviously, not your average foreclosures as you'll see. Lake Forest $1,900,0003 Stories, 5BR's, 5.2BA's, 7 Fireplaces, 6 Car Garage. Built in either 1870 or 1903 with 2.25 Acres and 6738 square feet.
My territory is in the Northwest Suburban market near Schaumburg. If you are looking to purchase or sell your home, please don't hesitate in giving me a (3 comments)
Sad Tale of a Foreclosure - 01/04/11 11:56 AM
Tale of a Foreclosure What happens to some houses? Bad karma? Is it the people in them? I don't believe that a house can have bad luck but I've been following one poor home in one of my subdivisions for many, many years. I've decided to tell it's sad story. It's time line up until today. It's an odd story and the kind that makes you just say out loud 'how does this stuff happen?'Here we go with a little background. Nice townhome in an undisclosed area of the Chicago Northwest Suburbs that's very popular. 3BR 2.5BA's and a 2 car (5 comments)
Will Buyers Remember you as that 'Stinky House'? - 01/03/11 08:51 AM
Pet Odors can and do Chase Away Buyers When a house you’re trying to sell or buy smells like a pet, there are some tactics that can improve the odor situation. Use a fluorescent black light (pet-supply stores sell them), to expose odor-producing spots on the carpet, couch, floorboards and even on drapes. Sometimes multiple pets try to 'scent mark' over each other in the same areas. Remove all solids and blot up as much liquid as possible with a clean towel. Apply an appropriate odor neutralizer or cleaner according to directions.Never use ammonia, which takes on the smell of what it's (8 comments)
Via Rick Phillips (Appraisals Guaranteed): "Snap, Crackle, Pop!" - Great For Selling Cereal. How About For Selling A House With Pergo Floors?! I recently accepted an appraisal assignment up in the mountains. The house was new, (3 comments)
Highest Home Sales for Chicago and Suburbs 2010 - 01/02/11 12:01 PM
Highest Real Estate Sales for 2010 in a smattering of Chicago neighborhoods and the Suburbs So it seems that despite the economy upper end homes are still selling in Chicago and the suburbs. What was amazing to me was the number of homes that were paid for in 'cash'. Guess how many? Half or 50%. Oldest home in the selection was built in 1880 offering exceptional vintage style. Prices range from $2,300,000 to $8,600,000. Lake Forest $5,200,000 7BR's, 6.3BA's, 6 Fireplaces, 5 Car Garage, 3.9 Acres on Lake Michigan, Winner of Historic Preservation Award. Built in 1928 (4 comments)
Market comments, updates and news about the surrounding communities of Schaumburg, Hoffman Estates, Elk Grove Village, Roselle, Bloomingdale, Bartlett, Streamwood, and Hanover Park in the Chicago Northwest Suburbs.
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