The Helen Oliveri Team
News, tips and tricks about the Chicago Area and National Real Estate Market, brought to you by The Helen Oliveri Team of Keller Williams Realty.
ARCHIVED BLOG POSTS
2009
Even when a home is financially underwater (the total mortgage balance is greater than the value of the property) owners will usually make serious efforts to keep from defaulting. But only up to a point. If it gets too far underwater, people will let it go -- even if they can afford to make the p...
09/16/2009
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McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.07 percent with an average 0.7 point for the week ending September 10, 2009, down from last week when it averaged 5.08 percent. Las...
09/14/2009
The world has changed. There was a time when a landlord rented a vacancy by placing an advertisement in the local newspaper and waited for the phone to ring, or tenants to visit. The classified sections of the local newspapers were packed with ads. You had to be very creative to leap out of the p...
09/10/2009
If only the President’s foreclosure-prevention plan worked as well as “cash for clunkers”. But it hasn’t. When the Administration announced the Making Homes Affordable plan in February of 2009, officials said they hoped it would help 4 million distressed homeowners to stay in their homes. As of t...
09/09/2009
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A major financial industry trade group got Washington's attention last week when it called for the total elimination of Fannie Mae and Freddie Mac -- the giant, money-losing home loan companies now under federal control. The Mortgage Bankers Association doesn't want an end to government support f...
09/08/2009
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The fireplace tends to be forgotten when record high temperatures are hitting many parts of the country. But, regardless of the season, buyers often find fireplaces alluring.However, if your fireplace has lost some of its appeal due to an outdated look, it might be time for a makeover. Creating a...
09/04/2009
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Large Victorian home with 2 car detached garage walking distance to Lincoln Square and Brownline. A great Home at a great price in a great location. Come see today! Sold as-is; no survey or disclosures. Buyer responsible for any/all compliances, escrows etc if required. All inspections including ...
09/04/2009
The Federal Reserve is gearing up with more consumer protection on the home loan front, as it continues its overhaul Regulation Z. Regulation Z is the wide-reaching Consumer Protection provision of Truth In Lending law enforced by the Federal Deposit Insurance Corporation. The ever-evolving regul...
09/03/2009
Under new rules adopted by the Federal Reserve Board, beginning July 30, 2009, mortgage lending will be subject to expanded disclosure requirements. This may well be a good thing. However, until everyone gets used to it, it also may cause occasional delays in closings. First, some background. Mor...
09/02/2009
With Congress due back on Capitol Hill after Labor Day, the legislative fight over Fannie Mae's and Freddie Mac's controversial appraisal rules is heating up. Bipartisan legislation that would put the “Home Valuation Code of Conduct” (or HVCC) on hold for 18 months has steadily gathered support i...
09/01/2009
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News, tips and tricks about the Chicago Area and National Real Estate Market, brought to you by The Helen Oliveri Team of Keller Williams Realty Partners.