January 2013

Found 4 blog entries for January 2013.

petition to force Fannie Mae to act responsiblyAs a member of Short Sale Superstars I have been made aware that Fannie Mae is not being realistic about list and sale prices of their short sale properties. I was the listing agent for an Orland Hills short sale home that we listed at fair market value according to recent comparable listings.  We received a contract and the response was a price that never would have appraised.  There was no chance at selling it short.

There are no guarantees with short sales but it seems like Fannie Mae would rather foreclose with their unrealistic counter-offers. They are countering above BPO's they are receiving. Most of the buyers I work with are not interested in looking at short sales because they don't have time to wait months just for bank approval. For those

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looking at real estate chart I was really looking forward to see how 2012 compared with 2011 for the towns I work in the most. Although some figures are better, I don't think last year was as wonderful as some gurus were predicting. Real estate is local and some areas across the nation have shown dramatic increases and well priced homes are receiving multiple offers. The only properties I'm seeing getting multiple offers in this area are low priced foreclosures.

Single Family Orland Park homes

Single family Orland Park homes for sale showed an increase in amount of sales of 15.3%. At least it's a double digit increase.

Unfortunately, prices showed a decrease of of 7.4%. The good news is that 2011's decrease was in double digits, so now we're down to single digits. The

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11009 Spathis Dr., Palos Hills IL  60465

UPDATE:  This unit is finally SOLD!  We went through several buyers who could not get financing and found a cash buyer.

Palos Hills Condo for Sale in Beautiful Lagoon in the Hills

This first floor unit is located on the beautiful grounds of Lagoon in the Hills with its pretty ponds and landscaping. This unit offers two bedrooms and two full bathrooms, including the private master bath. There is laminate wood flooring and a fireplace in the living room. In-unit laundry is located in the attached 2 car tandem garage. All appliances will remain.

Flexicore construction keeps upper floor noise out.  There is a little "bar" nook in the living room to store entertaining items.  All Lagoon in the Hills condos

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chicago ridge condo sold

This Chicago Ridge condo is SOLD!

What a Deal - 9815 Nottingham, Chicago Ridge IL 60415

This Chicago Ridge condo for sale was listed at $52,900 and sold quickly. It had 2 bedrooms and 1 1/2 bathrooms. There was an L-shaped living and dining room combo. The kitchen featured wood laminate flooring and all appliances remained. The spacious master bedroom had a private 1/2 bath. Pets are allowed. There is a stackable washer & dryer in the hall bathroom. Extra storage is in the basement. Monthly maintenance includes water and heat.

This was not a short sale or foreclosure but the sellers were very motivated. Condos have been hit hard in the down market, but this proves that if you price a property correctly it can sell quickly.

This Chicago

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