Top 10 Places to Buy a Foreclosed Home
Top 10 Places to Buy a Foreclosed Home. The Chicago metro area ranks as No. 10 on RealtyTrac’s list of best places to buy a foreclosed home, despite a sluggish job market. (Carolyn Kaster/AP/File) 10. Chicago – 46 percent discount on foreclosed homesTypically, real estate investors want to put their money in growing markets that […]
New Rules to Govern Illinois Foreclosures
New Rules to Govern Illinois Foreclosures. The Illinois Supreme Court on Friday announced new rules governing mortgage foreclosures that will require lenders to prove to judges that they have exhausted all efforts to help a borrower before seeking a foreclosure judgment against the homeowner. The rules, first reported by the Chicago Tribune, are designed to […]
Household Mold- Basic Facts
Household Mold- Basic Facts. Following is helpful information about household mold from the Environmental Protection Agency. Why is mold growing in my home? Molds are part of the natural environment. Outdoors, molds play a part in nature by breaking down dead organic matter such as fallen leaves and dead trees, but indoors, mold growth should […]
Top 10 Traits of a Professional Remodeler
Top 10 Traits of a Professional Remodeler. Following are ten top traits of professional re-modelers. How do you measure up? Is there room for improvement? Responsive.Emails and phone calls are returned within 24 hours. Punctual.The re-modeler shows up on time for the initial interview/consultation. Integrity.The re-modeler does what they say and explains what they will […]
What is an FHA 203k Loan?
What is an FHA 203k Loan? U.S. Department of Housing and Urban Development FOLLOWING IS AN EXCERPT FROM THE U.S DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT REGARDING FHA 203k LOANS. CLICK HERE TO READ ALL INFORMATION Rehab a Home w/HUD’s 203(k) “The Federal Housing Administration (FHA), which is part of the Department of Housing and […]
Qualifying for a mortgage after bankruptcy or foreclosure
Qualifying for a Mortgage after Bankruptcy or Foreclosure. If you lost your home during the housing recession — and have not completely soured on homeownership — your ability to qualify for another mortgage may not be as compromised as you think. It used to be that a bankruptcy, foreclosure or other major black mark on […]