Buyer Broker Chicagoland - Negotiation Experts - 100% on The Home Buyer's Side!
Buyer Broker Chicagoland - Negotiation Experts - 100% on The Home Buyer's Side!
ARCHIVED BLOG POSTS
2008
Fannie Mae said Monday it's finalizing a plan to help renters stay in their homes even if their landlord enters foreclosure. The mortgage giant said it's working on a national policy to allow renters living in foreclosed properties -- and who can make their rental payments -- to sign new leases w...
12/15/2008
Palatine Township Elementary District 15 board members settled on a 15 percent increase in the 2008 tax levy. On Monday, the board approved asking the county for $114 million in property taxes, up from $99 million the district collected last year. Officials acknowledge there's no way the entire ...
12/11/2008
Tribune Co. may Declare Bankrupcy...(owners of the Chicago Tribune) Wow! What next?? The company had originally expected its newspaper and broadcast revenue to cover interest and principal on its debt. But plummeting advertising revenue at most Tribune newspapers this year has forced Tribune to c...
12/07/2008
12/05/2008
According to CNBC’s Diana Olick the plan will only be for people buying new homes or existing homes. In other words, homeowners looking to refinance will not be eligible. "That's because the intention of the plan is to reduce housing inventory. The large supply of homes on the market right now ar...
12/04/2008
Lenders appear to be on track to initiate 2.25 million foreclosures this year, up from an average annual pace of less than 1 million during the pre-crisis period, he said. To provide additional relief, Bernanke outlined a number of what he called "promising options" to reduce preventable foreclos...
12/04/2008
As I Predicted a Few Days Ago.... Rates Going to About 4.5% for a 30 Year Fixed. The question is - will that be low enough - given all the other factors that I mentioned in my blog post..... I stated: "I expect they will have to go into the 4's or less.... to counter the glut of foreclosures and...
12/03/2008
Kimball Hill Homes announced today that it was going out of business. Kimball Hill Homes, the Rolling Meadows Illinois based home builder that has operated under Chapter 11 bankruptcy protection since April, said late Tuesday that it would wind down its operations after failing to find a buyer. T...
12/03/2008
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Comments
Mortgage applications are way up -- suggesting that more buyers are coming into the market. I know that we are pretty busy - with more clients than normal for this time of year. But - buyers are taking longer to decide - on average. We are Exclusive Buyer Agents - meaning that we are always on th...
12/03/2008
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Comments
See the link in my blog post below if you'd like more info than the following.... Lenders have also sharply tightened requirements for jumbo loans, which are too big to qualify for government backing. That's because banks are relying heavily on loans guaranteed by Fannie and Freddie and the FHA, ...
12/01/2008
Rainmaker
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109,412
Rick Hauser
ABR, CNC, CNE, GRI, SFR, Exclusive Buyer Agent-Cov
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Buyer Broker Chicagoland - Negotiation Experts - 100% on The Home Buyer's Side!