house: Beautiful 5 Bedroom Home - 100 Open Parkway South Hawthorn Woods, IL - 03/08/11 10:23 AM

Listing broker is Helen Oliveri, Call 847-967-0022 for more information. Rarely available 5 bedroom brick Colonial Home in HWCC. Double French front doors provide a graceful entrance into this spacious 5 bedroom, 2.5 bath home with additional bonus room and 2-Story foyer. Features include a fabulous gourmet kitchen with center-island, a pantry closet and a wonderful eat- in area overlooking a custom cedar deck. 1st floor extended family room has a brick fireplace and a lovely private office with great space. Also, home features a separate living and dining room and a convenient first floor laundry/mud room with slate flooring. … (0 comments)

house: For Sale - Lovely end unit Townhome 1525 E. Baronet Palatine, IL - 11/01/10 10:16 AM

Lovely end unit Townhome with 3 beds, 2.5 baths, fireplace, & patio. Move in ready, come & see this wonderful home today!  Buyer responsible for any/all compliances, escrows etc if required. All inspections/systems tests are at buyer’s expense. Offers require pre-approval & EM due in certified funds at acceptance. Addendum required after seller accepts offer. Cash deals require proof funds. Buyer to verify room count, PIN #’s, zoning, schools etc. View the many pictures we have to offer at www.illinoisforeclosuredeals.com and call today to schedule a viewing of this property at 847-967-0022. This listing is exclusively represented by the Helen … (1 comments)

house: Realtor Organization Opposed FHA Anti-Flipping Rule - 12/04/09 01:00 AM
At their recent fall meetings, directors of the California Association of Realtors® (CAR) adopted the following motion: "That C.A.R. in conjunction with NAR, "SUPPORT" the elimination of the FHA 90-day anti-flipping rule, and that C.A.R. write and publish a letter to the FHA Commissioner in opposition to the FHA 90-day anti-flipping rule." While support for the motion was not unanimous, it passed by a significant majority. Why would CAR oppose the anti-flipping rule?In a 2006 Mortgagee Letter, the Department of Housing and Urban Development (HUD) described flipping and explained its opposition to it in the following way: "Property flipping is a … (0 comments)

house: Condominiums Face Lack of Affordable Financing Due to Changes in FHA Rules - 12/01/09 01:00 AM
We all know that condominium developers built more condominiums than the market could absorb from 2006 - 2009. They built from scratch, developing small and large projects from duplexes to hundreds of units, and they bought apartments, renovated and replatted them so they could be sold as condominiums. While the going was good, they sold thousands of them. Then the economy hiccupped and the developers, investors and their bankers were stuck with a huge inventory which they need to unload.This is where our story starts.Due to the high number of condominiums in the marketplace and the low interest rates, this should … (1 comments)

house: Banning HOA Rentals - 11/27/09 01:51 AM
In some homeowner associations, the number of owners who rent their units is extraordinarily high, sometimes even outnumbering resident owners. With absentee owners and just a few irresponsible renters, there may be a move by the board to limit or eliminate rentals altogether. What things should be considered?When it comes to sorting out rental restrictions, there is a hierarchy of "legal authority."1. The highest legal authority is the state’s corporation, condominium and homeowner association statutes. Statutes vary from state to state.2. The second highest legal authority is the association Declaration which is recorded in the county where the association is located. … (0 comments)

house: Real Estate Outlook: Fed Chair Discusses Housing - 11/25/09 02:51 AM
Federal Reserve chairman Ben Bernanke put out a forecast last week that included some important observations on housing, but it got nowhere near the attention it deserves.Speaking to the Economic Club of New York, Bernanke described some of the well-known problems standing in the way of economic growth -- especially double digit unemployment and consumer confidence that's shaky week by week at best.But buried away in his speech he said: Housing in the coming year is going to be a relative bright spot - a helpful driver of national economic growth, rather than the wet blanket it's been for the past … (1 comments)

house: Short Sale Sellers Need To Guard Against "Double Whammy" By Bank and I.R.S. - 11/24/09 12:54 AM
Short-sale sellers and their agents have plenty to think about, and it is understandable if they are annoyed by the reams of paperwork that may come their way. Nonetheless, it really is important not only to pay attention to what is in the paperwork but also to be sure to retain it for possible future use. This is because of bad consequences that the seller may experience sometime after the sale has taken place.Bad enough that a short sale involves the loss of one’s home with no equity to show for it, and a credit negative that may last for years; … (1 comments)

house: Mortgage Refinancings: Tax Rules Are Tricky - 11/18/09 01:20 AM
The recent drop in interest rates has prompted millions of households to refinance their mortgages. Borrowers who refinance need to familiarize themselves with tricky tax rules on what is or is not deductible for interest payments. Here are some reminders on how the rules work.Question: I own a personal residence. It is worth more than the remaining principal balance on the mortgage. My lender is willing to allow me to refinance for more than the balance of the existing mortgage. I know that the tax rules allow me to deduct interest payments on a refinancing loan as long as it is … (2 comments)

house: Investor Report: Commercial Investing 2010 - 11/17/09 12:55 AM
If you're a commercial property investor looking toward 2010, where are the most promising real estate markets in the U.S.? The Urban Land Institute teamed with consulting firm Pricewaterhouse Coopers and asked more than 900 investors, developers and lenders that question recently, and came up with some intriguing answers. The top market for heads-up investors among literally hundreds around the country turns out to be Washington D.C. The nation's capital, where you send your tax money and where your federal government continues to grow, turns out to be the only truly "recession proof" market in the U.S., according to the real … (0 comments)

house: Long-Term Rates Fall to Lowest Level in Five Weeks - 11/16/09 02:04 AM
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 4.91 percent with an average 0.7 point for the week ending November 12, 2009, down from last week when it averaged 4.98 percent. Last year at this time, the 30-year FRM averaged 6.14 percent.The 15-year FRM this week averaged 4.36 percent with an average 0.6 point, down from last week when it averaged 4.40 percent. A year ago at this time, the 15-year FRM averaged 5.81 percent. The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.29 … (0 comments)

house: Fire Sprinklers Set to Become Standard in New Homes; Group Warns of Inferior Cabling - 11/13/09 02:05 AM
Members of the International Code Council's Residential Building Code Committee (RBCC) have made it clear that fire sprinklers are destined to become a standard feature in all new homes. The fire sprinkler requirement was added to the International Residential Code (IRC) last year, and it is scheduled to become effective January 1, 2011, in states that adopt the latest version of this code. Currently, 48 states use the IRC as a basis of regulating residential construction, although some states lag behind in adopting updates.At a hearing held earlier this week, the National Association of Home Builders (NAHB) had petitioned the International … (0 comments)

house: Washington Report: Expansion of Tax Credit - 11/12/09 02:10 AM
Congress's extension and expansion of the $8,000 tax credit through next June 30 should take the pressure off first time home buyers who've been rushing to close deals before the November 30 deadline. That deadline is now gone. Everybody's got until next June 30 to settle on their purchases. But here's something in the expanded program that hasn't gotten much attention: The new $6,500 federal tax credit for so-called "move up" buyers took effect immediately upon enactment. That means that potentially hundreds of thousands of Americans who fit the key ownership and income criteria for the new credit are eligible for … (1 comments)

house: 30-Year Fixed Rate Falls Below 5 Percent - 11/10/09 12:48 AM
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 4.98 percent with an average 0.7 point for the week ending November 5, 2009, down from last week when it averaged 5.03 percent. Last year at this time, the 30-year FRM averaged 6.20 percent.The 15-year FRM this week averaged 4.40 percent with an average 0.6 point, down from last week when it averaged 4.46 percent. A year ago at this time, the 15-year FRM averaged 5.88 percent.The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.35 percent … (4 comments)

house: Non-Judicial States Let Mortgage Lenders Off The Hook - 11/09/09 03:27 AM
There is a lot of talk about foreclosures in the news today. One aspect of foreclosures that has received little attention is difference between a judicial state and a non-judicial state. A judicial state requires that a lender file a foreclosure action in the court system and get an order from a judge before the property goes to a foreclosure sale. This provides the opportunity for the homeowner to assert any claims against the lender he or she may have and allow a judge to make a determination before the homeowner loses the home.Homeowners that do fight the foreclosure in the … (0 comments)

house: Tax break for buying a home - 11/06/09 12:39 AM
The legislation also would extend the $8,000 homebuyer tax credit to contracts signed by April 30 and closed by June 30. The controversial credit, which many say has boosted home sales in recent months, was set to expire after Nov. 30.
The Senate's bill also created a $6,500 credit for those who buy a home after owning one for the last five years. That measure would apply to contracts signed by April 30 and closed by June 30. The current credit defines a first-time homebuyer as someone who has not owned a residence within the past three years.
The Senate bill … (0 comments)

house: Real Estate Outlook: Case-Shiller Index - 11/04/09 02:16 AM
If you look at the latest Case-Shiller home price index numbers, which showed prices up in seventeen of the twenty markets it tracks and the fourth straight month of gains, you'd have to say: wow, how things have changed! Even the gloomiest of the major indexes is now documenting month after month that housing not only bottomed out earlier this year, but is steadily racking up price gains. But hold on, this week's numbers get better than that: According to the National Association of Realtors, resales of existing homes jumped sharply last month, up a very robust 9.4 percent during September. … (1 comments)

house: Washington Report: Extending the Credit - 11/03/09 01:13 AM
Don't bet all your money on it quite yet, but it looks more and more likely that Congress will extend the housing tax credit beyond its scheduled termination date - and maybe even open it up to people who already own homes. Late last week a bipartisan plan emerged in the Senate that would continue the $8,000 credit for first time purchasers beyond November 30, but would create a new, smaller credit of $6,500 for people who've owned and lived in their houses for five consecutive years and now want to buy another as their principal residence. Under one version of … (0 comments)

house: Washington Report: Extending the Credit - 11/03/09 01:12 AM
Don't bet all your money on it quite yet, but it looks more and more likely that Congress will extend the housing tax credit beyond its scheduled termination date - and maybe even open it up to people who already own homes. Late last week a bipartisan plan emerged in the Senate that would continue the $8,000 credit for first time purchasers beyond November 30, but would create a new, smaller credit of $6,500 for people who've owned and lived in their houses for five consecutive years and now want to buy another as their principal residence. Under one version of … (0 comments)

house: Media Dropping Ball on Housing-Market Trends - 11/02/09 05:39 AM
I clicked a link to the Wall Street Journal's market data chart, called the Hagerty's Quarterly Housing Report and was really taken aback by what they are reporting in the Washington, D.C. area (my home base). Again, they have labeled our market as a "buyers" market and reported that more foreclosures are on the way. The problem I have with both those statements is that * they are created out of data provided by the real estate industry; and * they are accurate, but not truly reflective. The real estate industry is its worst enemy when it comes to reporting sales … (0 comments)

house: Ask the HOA Expert - 10/29/09 02:06 AM
Question: Our homeowner association has 30 single family detached homes. Our governing documents were basically written for townhomes. One of the bothersome issues is that the governing documents state that the HOA is responsible for replacing roofs, painting, gutters and other things that are commonly done with condominiums. Many owners object to building up a reserve fund to pay for repairs that may be as much as 20 years or more down the road. The covenants also state that the board cannot special assess for anything other than common area improvements. So that leaves us with pretty much the options of … (0 comments)

 
Helen Oliveri, "Your Best Move!" (The Helen Oliveri Team) Rainmaker large

Helen Oliveri

"Your Best Move!"

Hawthorn Woods, IL

More about me…

The Helen Oliveri Team

Address: Hawthorn Woods, IL, 60047

Office: (847) 967-0022

Fax: (847) 574-7573

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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.


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