Seeing the Potential in Blogging

Mortgage and Lending with NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 IL Lic 031.0006220/WI


I'll admit it, I've been in the real estate industry for 30 years now.  I was not raised during a time where the technology was so advanced.  During my high school years, typing class utilized the state-of-the- art "selectric" typewriter.  We thought that was cutting-edge.  Because I've also always had the benefit of a wife that could type like lightening, my typing speed has never been top-notch or something to brag about.  I relied on her skills for the big things ... and slow and steady wins the race during my efforts.

I'll also admit, that having two sons has brought me up-to-speed in my knowledge and thinking on current technological advances, their potential and possibilities.  I may kick and scream at times, but ultimately I try and then use the tools available to me.  Being open-minded and willing to try new things has paid off.  Blogging, and the world it has opened up, has been a seriously wonderful discovery!

Blogging, and other forms of on-line communication, has become instrumental in my efforts to inform and educate pasteducation and future clients, referral partners, and the world about my services and the benefits of using them.  It's also become an indispensable tool for educating, expanding, and acquainting myself to the information and knowledge I need to broaden, improve, and provide my services. 

The interaction with all of the many other professionals doing the very same thing is just invaluable.  I can't begin to relate the insight I have reaped from taking advantage of their availability and willingness to share their knowledge and expertise.  It's a little like going to school each and every day.  The relating of experiences, new and shared, provides a wealth of knowlege and opportunity from which to draw upon. 

The decision to take part and try this new communication outlet has been an excellent one for me.  I have seen an upsurge in requests for information, traffic on my website, phone calls, and requests for my services.  I also have met and communicated with some outstanding professionals from across our nation.  During these more trying economic times, having taken this opportunity to expand and explore has been extremely positive.

For those considering whether to take this step, I say "JUMP"!  Take that leap of faith and place your efforts in a new direction.  Stretch and broaden yourself and your circle of contacts through these means, even if it is a little daunting and uncomfortable at first.  You will catch on and become at ease with the process, come to enjoy it, and benefit from it.  The potential for growth and advancement will amaze you. 

Remember ... even our "selectric" typewriters were scarey to some at first!   

Gene Mundt, Professional Mortgage Banker                                                               Chicago Bancorp





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Gene Mundt

 Mortgage Originator  -  NMLS #216987    

                                 IL Lic. #031.0006220  -  WI License #216987                                                                                                    

NMLS #175656


Gene Mundt, Mortgage Originator,  40+ years of #mortgage experience, will offer you exemplary mortgage service and advice when seeking:  #Conventional, #FHA, #VA, #Jumbo, #USDA, and Portfolio Loans in #Chicago and the greater Chicagoland region, including:  The #Lincoln-Way Area, #Will County, (#New Lenox, #Frankfort, #Mokena, #Manhattan, #Joliet, #Shorewood, #Crest Hill, #Plainfield, #Bolingbrook, #Romeoville, #Naperville, #Wilmington, #Peotone, etc.), #DuPage County, the City of Chicago, #Cook County, and elsewhere within IL and Wisconsin. 


Your Referrals & Testimonials are Always Greatly Appreciated! 




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Cherry Pick
Cherry Pick Reo's - Miami Beach, FL


THE OPPORTUNITY: With the onset of the recent credit crisis, homes by the thousands have been going into foreclosure in the last couple of years in numbers never before seen. While it has always been common practice for savvy investors to purchase foreclosed properties at discounted prices, it has never before seen the magnitude of the savings that exist today by purchase these homes.


Many of the areas that have been hit the worst by the economic downturn, such as Michigan, Ohio, and Missouri present some of the best opportunities for long term profit. Investors may purchase property for discounted prices and then learn how to cash flow their properties in a short amount of time. The investors that are truly profiting from this opportunity are not afraid to invest in these areas.


The company offers investors the opportunity to select the properties that they wish to invest in, and then the company may at the option of the investors assist in the management, marketing, and sale of the purchased properties. The company allows for a traditional closing if that is the request of the investor.


PROCESS: The first step in the investment process is for the investors to select the properties from the available inventory. They choose from either vacant properties, or occupied properties that are already cash flowing. Vacant properties range in price from $8,000 to $12,000 depending on the number of properties purchased. Occupied properties are priced individually, but generally range between $20,000 and $30,000. Properties come with warranty deeds and title policies in most cases.


Once the desired properties have been selected, the company verifies that the desired properties are in fact available for closing as there are several investors and other clients that purchase from the inventories, it is possible that a property may already be taken while other investors select. Therefore, it is in the investor's best interest to shorten any due diligence required or place the full amount of purchase funds in escrow to hold the properties.


The next step in the process is to determine the method of closing. As explained, a normal closing is available, but any closing costs, title work, etc, will be charged separately to the investor. Most clients decide to forego a traditional close to save the expense and the time required. A quick purchase transaction is then carried out through an attorney escrow.


For a quicker closing, all clients place the necessary funds for the full purchase in the escrow account indicated on the purchase contract. Upon receipt of the funds, the contract is completed and the funds are disbursed. The investor then receives the deeds to their properties as soon as they are available from the selling banks. This process can be as short as two to three business days, or can take up to 90 days. The purchase contract and notarized receipt of funds serves as verification of purchase until the property may properly be recorded.

Get Your Bulk Foreclosure Properties Today!

Apr 28, 2009 08:16 AM #1
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

What is with the huge advertising left ... and all the odd messages regarding "non-english" speaking posts??  I don't get it ...

Aug 12, 2009 03:54 AM #2
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Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

708.921.6331 - 40+ yrs experience
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