Provided Courtesy of Jeff and Robin McGinn 888-838-5656 RE/MAX IMPACT 1112 E. 9th Street Lockport, IL 60441
Monday, April 30, 2012
We sell Beautiful homes! We will sell yours too!
We sell Beautiful Homes. We will sell yours too!
Know anyone ready to make a move?
Contact us today 630-977-0677
Referrals available out of our service area.
We're here to help!
Jeff and Robin McGinn
mcginnhomes@comcast.net
RE/MAX IMPACT
Friday, April 20, 2012
Quicker responses from Short Sales beginning June 15
This, our friends, is a beautiful thing. Our negotiators already had it
good, now a quicker turnaround, it's even better!
Beginning June 15, 2012 - real estate
agents working with distressed
homeowners whose loans are backed by Fannie Mae and Freddie Mac should
expect to receive a decision on a short sale offer within 30-60 days.
We are SO EXCITED by this news!
We work with phenomenal Short Sale Negotiators and Attorneys - if you know anyone looking to sell and can't bring the balance of their mortgage to the table, refer them to us, we can help!
Realtor, Negotiator and Attorney fees are paid by the LENDER, not the seller.
Contact us when you are ready to sell.
mcginnhomes@comcast.net
630-977-0677
Illinois Real Estate License Law Changes April 30, 2012
License Upgrade successful!
Did you know??! On April 30 2012, Real Estate
licensing laws change in IL, many real estate agents and brokers are not
renewing licenses and/or have not completed the necessary requirements
to transition to new Illinois licensing laws.
Don't worry, we've got
you covered, and we're only an email, text or phone call away.
mcginnhomes@comcast.net
630-977-0677
Wednesday, April 11, 2012
Now $80,000! 658 Springwood Joliet
Interested in Maintenance Free Living?
NOW $80,000
NOW $80,000
With a little TLC, this 2
bedroom townhome in western Joliet can be a beaut!
Full basement, 1 car
garage, separate dining room and second floor laundry hookups.
Snow Removal and Lawn Care are covered by the Homeowners Association.
Easy Keeper!
Subdivision is FHA Approved and allows rentals.
Located convenient to Joliet Junior College, this home is a short drive to Rt52 and I55 for easy expressway access.
Call Robin at 630-977-0677
to schedule your personal tour!
Search and Save your Favorite Illinois Properties in the MLS here!
IL Property Search - Get Freshest Listings from the Illinois Multiple
Listing Service (MLS).
Save your new home search criteria and
find your
favorites!
Nobody in the world sells more real estate than RE/MAX. NOBODY!
Getting ready to buy or sell?
Call
for a complimentary consultation
630-977-0677 Robin Cell
630-890-1587 Jeff Cell
888-838-5656 IL Toll Free
Monday, April 2, 2012
Buying a Home with Financing? It's time to be BORING.
Buying a home is an exciting time. New home, new furnishings, new appliances, new plans!
But STOP!
Don't DO ANYTHING!
Now is THE TIME to be BORING. ......Huh?!
Yes, that's what we said...be BORING!!
Once you get your new home under contact.....absolutely, positively, do NOT buy anything or pay anything off. WHY?
Because lenders like you to be stable....and boring....yes, it's true!
We tell all our buyers once we are under contract, DON'T do ANY of the following things:
- DON'T Pay off college loans
- DON'T Pay off credit cards
- DON'T Pay off car
- DON'T ...BUY a car.
- DON'T Pay off collection agency accounts
- We'll even take it one step further and ask that you not buy anything you don't need above food and gas. Don't add anything unusual to your credit card. Yes....that's right...be REALLY boring. No trips, diamond rings, furs, nothing our of the ordinary. There's plenty of time for that later....
- Thinking about moving money from one account to another? DON'T! Keep it put, otherwise the lender will require a complete paper trail and sourcing of every penny. Save yourself the aggravation and headache days before closing. Be boring. At least for now.
- DON'T open new credit lines (like appliances, furniture, new car) even if there is deferred payment and 0%, it can really mess with your debt ratios. Lenders like those ratios to be...well, stable and boring.
Because that new bedroom set or car could actually cost you your new home!
You see, if you were able to get preapproved by your lender, they know what to expect, and what they will expect to see when underwriting is working your file. Leave well enough alone.
And we've (almost) seen grown men cry because they thought they were doing something RIGHT by paying off their car, eliminating that debt from their ratio. Immediately after doing this, their score dropped under minimum qualification and we had to wait it out. In fact, we were very lucky the sellers were willing to hang in there for the 45 days it took the score to correct AND the 30 days after for the loan to process.
And only a couple months ago...can you say "shopping spree"?? A woman bought 4 rooms of furniture for her new home....to be delivered after closing and on "lay-away" but yes...a credit line was opened at 0%. Even though she had 12 months to pay, she now had thousands of unnecessary dollars that really affected her debt ratio. You see, it doesn't matter if the payment is delayed, or the interest is zero. This almost cost her the home she was buying the furniture FOR...
And how about the gentleman last year that bought himself a new car a couple weeks before closing was scheduled?? You guessed it. No house. And we're not sure if the wife is speaking to him yet....!
So...when we tell you to be BORING, we mean only for a while. Get past closing, get your keys. Then you can shop to your hearts content. Pay off your college loans, pay off your car, go buy your furniture that very afternoon.
Just be patient. During financing...please be patient.
Because you see....? We really want to help you get into your new home smoothly without a hitch!
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