Real estate topics on better business performance, education, advanced techniques for selling/buying residential, commercial and investment real estate; 1031 tax deferred exchange, licensing; anecdotes and stories to ponder.
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The Chicago Tribune today had a story on the mortgage debacle. Data for the eight counties was displayed and figures for inventory depletion (abut 23 months) was given. For this market, there is a 1 month delinguency on mortgage payments for 20% of the market. The report states that of those...
Ha! Market data says slump is over. This is true if you are in my data base. My foreclosure inventory is booming. How are you (your clients) doing?
REO's can be simple transactions, but you can not begin processing the mortagage application until the buyer has received a contract signed by seller. Minor detail in most transactions. The REO transaction has additional wrinkles. The seller (bank) normally has an intervening contract addendum t...
$125,000 This three bedroom, 2 bath home is corporate owned and is sold as is. There are no seller disclosures. Two miles from expressway access and one of the US largest shopping malls. Some investment in dated decorating would be in order. Property has a deck and a two car detached garage
$120,000 COMPLETELY REMODELED TOWNHOME IN VENTURA 21. REMODELED KITCHEN W/42' CABINETS, REMODELED BATHS, 6 PANEL DOORS, VERY NEUTRAL, ALL NEW WINDOWS AND SLIDING DOORS, NEW CEILING FANS AND LIGHTING THROUGHOUT. CLOSE TO HIGHWAYS, WALK TO COMMUTER TRAIN AND SHOPPING. Corporate owned, sol...
BPO's require a statement as to the stability of the market the selected property is in. In the 9 county Chicago metro area, I am finding that the answer is becoming stable in more an more zip codes. Is this your experience in your market area, or am I getting a false positive?
A buyer bought one of my foreclosed properties with conventional financing and checked and initialed the "as is" provision. They did a fianl walk through and indicated that they could not proceed due to the condition of the property. Now I am trying to decide where to spend the earnest money whi...
In the table below lists all of the single family detached and single family attached homes currently on the market in Downers Grove, IL The data lists available homes by price range with average time on market in each range. Should you have an interest in homes in a selected price range, send m...
In the table below lists all of the single family detached and single family attached homes currently on the market in Lisle, IL The data lists available homes by price range with average time on market in each range. Should you have an interest in homes in a selected price range, send me your p...
I have been having problems with conversation breaking up on my Blackberry. I am in the Chicago area, so don't believe it is a signal problem. the problem is static or interruptions in the conversation. I have left voice mail messages and the recipient has trouble understanding some of the messa...