Last night I had dinner at the home of a couple of my Rogers Park clients. When I see former home buying clients, I’m always interested in hearing about their experiences in their home and neighborhood. They were disappointed in the slowed redevelopment of Rogers Park over the past 2 years, but reported feeling very […]
Mount Prospect, IL Named Best Place to Raise Kids
Northwest Chicago suburb, Mount Prospect, was recently named “
Why Home Inspections are Even More Critical for Foreclosed Homes
Normally when you buy a home in Illinois the sellers must provide disclosures about their knowledge of any defects or safety issues. However, such is not the case for foreclosed properties. Since the seller (the bank) didn’t reside in the home, they aren’t obligated to complete disclosure reports such as the Illinois Association of Realtors […]
Just Like in Politics, It Pays to Fact Check in Real Estate
While it’s been an exciting political season, I won’t miss the barrage of misinformation that has been spewed forth. Fortunately, there are several political fact checking sites such as PolitiFact.com, FactCheck.org and The Fact Checker to help us sort out the half-truths and outright lies. Between my own fact checking and the sellers’ own words, […]
Fannie Mae Downpayment Requirements Raised
Mortgage blogger, Dan Green, recently blogged about Fannie Mae’s increased downpayment requirements. Why does this matter? Fannie Mae guarantees over a quarter of U.S. home loans. For more details, read Dan’s blog post, “Starting December 13, 2008, Many Mortgage Approvals Will Require Larger Downpayments And More Home Equity“.
