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You may have heard the names Fannie Mae and Freddie Mac quite a lot recently with all of the housing stories in the nightly news segments.
Here is a link to a page on the Freddie Mac website that talks about Foreclosures and may help you understand the process a little better and perhaps have answers to some questions you may have. ...
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If you know someone who is struggling to make their mortgage payments, the best thing they can do is communicate with their lender. Have them ask for the Loss Mitigation Department or the Work Out
department. Lenders do not want to be owners of real estate, they will try to work with you if it's at all possible.
If ...
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CNBC reported yesterday that the home prices in the Chicago area are on par with 15 yr average affordability. What does this mean? It means that most likely Chicago area homes are at a bottom and now is the time to get back into the market.
They reported that home prices rising faster than income, along with lenders creating ...
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On June 30th 2008 the Housing and Economic Recovery Act of 2008 signed into law included a tax credit of $7500 for 1st time homebuyers who purchase a home between April 9, 2008 and July 1, 2009.
The tax credit is for 10% of the cost of the home, not to exceed $7,500.
The tax credit must be paid back over a period of 15 years like an interest ...
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We have more National Housing stats out today.....
For a quick look use this link to see the video from CNBC and additional year over year stats....
http://www.cnbc.com/id/25391625
If you have any real estate questions, e mail me nina@ninarocus.com or give me a call anytime, 630-776-5263!
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Here's a link to a video that gives an update on homes prices...watch the whole thing....there is a glimmer of hope for Chicago!
http://www.cnbc.com/id/15840232?video=777435799
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I cannot believe the deals that are out on the market and no one is coming in to scoop them up!
First time buyers, this market is the best market you could possibly find!
There are lots of great properties to choose from, prices are great and interest rates are low!
What more could you ask for?
Investors.....where are you? You also have ...
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Are you planning on putting your home up for sale this spring? If so, Now is the time that you need to start to prepare to be ready for the Spring market. (By the way, spring market starts at the beginning of February) So let's get started....Weather is bad and you're stuck in the house, make good use of this time by looking ...
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If you can buy now and close before year end, there are great buys to be had on new construction properties. Builders have more inventory of homes that are ready to be moved into than they have ever had and want to get as many of these homes sold before they close their books for the year!
There are tons of incentives on these homes, ...
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Contrary to what you may be hearing on the nightly news or the business stations, it really is a great time to buy real estate. And here are the reasons why:
1. A Great Selection of Homes - There are many homes on the market to choose from, this means there is less chance that you will have to compromise when you are looking for the home of ...
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