Category Archives: financing

Waiting Periods for Financing After Bankruptcy or Short Sale

I like to give credit when credit is due… This great information was provided to me by: Robert OBoyle Branch Manager 13011 S 104th Ave Ste 204 Palos Park, IL 60464 Office: (708) 827-8001 Email: Robert.OBoyle@AcademyMortgage.com Until the next time, … Continue reading

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FHA Approved Condos in Chicago

Hello to all my blog readers out there. I will use this new post to inform you of condos that are FOR SALE AND FHA APPROVED! As you might know, most condo buildings and associations are NOT approved for FHA … Continue reading

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What every buyer should know about condo financing

Financing a condo can be tricky.
Here are some important questions to ask the listing
broker BEFORE you submit an offer on a condo: Continue reading

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Foreclosure activity rises in the 3rd quarter of 2011

Foreclosure activity rises in the 3rd quarter After 5 straight quarters of declining U.S. foreclosures, the number of default notices rose in the 3rd quarter of 2011. This could be a sign that things will be getting worse before they … Continue reading

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South Shore Property Values – Chicago Real Estate

South Shore Property Values – Chicago Real Estate Now let’s take a look at Chicago’s South Shore neighborhood. Like everywhere else, the real estate meltdown has really hit South Shore hard. In my opinion, South Shore is very undervalued right … Continue reading

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95% Conventional financing for credit scores down to 620!

95% Conventional financing for credit scores down to 620! I received this information from a good loan officer that I know. This info was so useful, that I wanted to share it with all my blog readers out there. I … Continue reading

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Closing Costs

Closing Costs in Illinois The Chicago Tribune published an article today on the topic of closing costs. According to a recent study, closing costs average $3,500 in Illinois. This would be for purchases which required financing. For cash transactions, closings … Continue reading

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FHA Approved Condos

Many potential buyers don’t realize that most condos are NOT FHA approved. FHA prefers to insure loans on single-family homes, two-to-four unit properties, and some mixed-use properties. So in order to buy most condos, you will have to use conventional … Continue reading

Posted in bronzeville, Chicago, Chicago neighborhoods, Chicago Real Estate, Chicago Relocation, FHA, financing, HYDE PARK, Kenwood, Real Estate, South Loop | Tagged , , , , , , | 1 Comment

Sales way up in DEC 2009

According to a recent report, sales in December 2009 were up 33% compared to December 2008. Sales have been up 6 months in a row! But, overall, sales for the year were flat compared to 2008. In many areas of … Continue reading

Posted in Bridgeport, bronzeville, Chicago, Chicago neighborhoods, Chicago Real Estate, Chicago Rehab, Chicago Relocation, East Garfield Park, Englewood, financing, HYDE PARK, Investment Property, Logan Square, Pill Hill, Real Estate, South Loop, Uptown, West Loop | Tagged , , , , , , , , , , , | Leave a comment

West Loop Real Estate Analysis

Now let’s take a look at the West Loop Real Estate market. The West Loop is a very popular neighborhood. Much like the South Loop, I feel that this area is an excellent area to invest in. This is because … Continue reading

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