Delinquencies, foreclosures, and homes in negative equity are continuing to free fall, according to the Urban Institute’s Housing Finance at a Glance monthly chartbook. Shares of all three declined over the quarter and the year. According to the chartbook, ever-rising home prices are playing a big role in the continuing decline of underwater mortgages. “With housing … More Delinquencies Take Another Dive by Aly Yale
REMEMBER – Seller closing fee special – $295.00 attorney fee – going on right now! Send us your sale contracts! 1) The majority of people think that lending standards need to be loosened to create homeownership and banking over-regulation needs to be rolled back. 2) It is not profitable to build entry level homes 3) … More 10 points to ponder
“I never write reviews because I’m so picky and have such high standards, but I highly recommend the Law Office of Beth Mann for your real estate needs. Beth and her associates are extremely professional, communicative, and they take excellent care of their clients. I will continue to use them and make sure all of … More NEW 5 STAR REVIEW!!
“Beth is awesome! Buying a home is expensive, and you don’t want to spend a dollar if you don’t have to. The value Beth provided was well worth it. Having someone on your side that knows the law thoroughly and genuinely cares about your well being is invaluable. Highly recommend Beth and her staff to … More NEW 5 STAR REVIEW!!
If it were a game of limbo, July would be the winner. That month, the composite default rate reached the biggest low it’s experienced in 12 months—down 18 basis points to 3.31 percent—according to the S&P/Experian Consumer Credit Default Indices. The indices show that the composite rate leapt one basis point from the prior month … More Credit Where It’s Due by Alison Rich
By now you’ve probably heard of the huge business deal that closed in the single-family rental (SFR) market last week. If not—Invitation Homes and Starwood Waypoint Homes, two of the largest SFR landlords merged. It was a $4.3 billion dollar deal with a combined 82,000 homes in 17 metro areas. Pocket change, right? The merger … More SFR: How Does it Affect Homebuyers? by Brianna Gilpin
The Libor index is going away. For U.S. consumers, its demise is most likely to be felt in adjustable-rate mortgages. So-called ARMs — where the interest rate rises and falls with broader indexes — are often closely tied to Libor, or the London interbank offered rate. While ARMs are out of favor these days, they … More A Mortgage Mystery: What Happens to ARMs When Libor Goes Away? by Christina Rexrode
Cook County’s property tax assessment schedule through 2020 is broken into three sections: City Tri: 2012, 2015, 2018 – all City of Chicago townships North Tri: 2013, 2016, 2019 – all Cook County townships north of North Avenue not in the City of Chicago South Tri: 2014, 2017, 2020 – all Cook County townships south … More
Cash for keys is not the answer to every homeowner’s woes, but it is certainly welcome for some. After all, two of the biggest problems banks face when taking back a home in foreclosure are the condition of the home and getting rid of its occupants. This is why cash for keys is a quick … More Cash for Keys for Homeowners in Foreclosure Banks sometimes offer cash to homeowners in foreclosure by
“Beth and her staff were professional and accessible. Anytime there was a question or concern, Beth responded immediately. We were so pleased with her work representing my dad’s home sale, we hired her to serve as his attorney to purchase his condo too. When the mortgage team at dad’ s bank dragged their heals to … More NEW 5 STAR REVIEW!!