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!!
National home prices continue to rise, according to the most recent Black Knight Home Price Index report for the month of May. The median HPI for the nation sits at $278,000.While largely insignificant, this month’s increase continues to stack on overall home price appreciation. On an annual rate, prices only rose 1.1 percent from April … More Reaching New Heights by
“My husband and I just purchased our first home! With all of the stresses that come along with such a positive life changing event, we did not have to worry about the legal side of the process. Beth Mann and her team were amazing!! Incredibly responsive and always available to us when we had questions. … More NEW 5 STAR REVIEW!!
As the years go by, technology progresses. New computers and cellphones, more efficient ways of handling paperwork—but what about credit reporting? According to the Urban Institute, who has written multiple times on tightness of mortgage credit, the mortgage market is taking on less than half of the risk it was in 2001 and less than … More Credit Score Facelift by Brianna Gilpin
“What started off as a basic real estate purchased turned into a long drawn out process due to other parties involved. However, Beth and her team got me through it! Throughout the entire process Beth was diligent, patient, thorough, knowledgeable and accessible. Not only is she an excellent attorney, she is also VERY personable (which … More NEW 5 STAR REVIEW!!
It’s a shortage of skilled labor and higher development costs that are keeping construction starts low and housing inventory strapped, according to new data from Freddie Mac. According to the GSE, the number of open construction jobs has increased steadily since the housing crisis nearly a decade ago. According to Freddie, the housing market has … More The Hurdles of Housing Inventory by Aly Yale