Archive for April, 2012

HELP FOR HOMEOWNERS IS COMING TO ROSEMONT ON APRIL 23, 2012

 

A Main Event is coming to Illinois on Monday April 23, 2012. This Event is being co-sponsored by Department of Housing and Urban Development (HUD) and the Department of the Treasury. The event is divided into two (2) parts.  Morning Sessions are devoted to working with Realtors and giving them SHORT SALE Training but the afternoon event will be devoted to working directly with Homeowners who are struggling to make their mortgage payments and want a opportunity to meet face to face with their lenders. I encourage all homeowners to make this event because it is free and you do not want to miss out on a opportunity to solve your problem. You can meet with a HUD counselor to discuss the Home Affordable Refinance Alternatives (HARP) , Home Affordable Mortgage Alternative (HAMP), Short Sale, Deed in Lieu of Foreclosure.

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Written by Jack Lewitz | Discussion: No Comments »

Which Road Are You On?

 If you own a homeowner today I am sure you have travelled down one of these roads where you think your either lost, confused, unsure or unclear about the future.

Today’s Real Estate Market is causing many people to travel down these paths and some paths will lead you to help while others will lead you to a dead end.

Which path are you on and which path will get you the help you need has always been the number 1 question in today’s real estate market. How does someone navigate all the  different options and then deciding on which option is best for you?

Well I think we have the Answer… On May 30, 2012  “You are Invited to Attend A Free Seminar .. In the Comforts of Your Own Home” you will be able to hear and ask a group of panelist questions that are here to assist you on the Right Path.

Which Road Do you want to be on? We hope you attend the seminar and promise not to lead you to a Dead End!!!

 

 

                                                                       

 

 

 

 

 

 

Written by Jack Lewitz | Discussion: No Comments »

The Shadow Inventory..

 There has been alot of  talk and speculation that there is a huge shadow inventory of foreclosures soon to hit the real estate market. HousingWire reported the shadow inventory totals 1.6 million units with 800,000 listed as serious delinquent, 410,000 in some stage of foreclosure and another 400,000 already Real Estate Owned (REO) by the banks.

Florida, California, and Illinois account for almost a third of all of the Shadow Inventory expected to reach the market in the near future.  That means there are over 500,000 new foreclosures to be split among the top three states.

If this information is accurate, the next question to ask is how is Illinois going to absorb all of these new foreclosures coming into the market and what affect will it have on the total market and prices of existing homes for sale?

 

Written by Jack Lewitz | Discussion: No Comments »

Short Sale and Foreclosures are the New “Traditional” Real Estate Transaction.


For many real estate professionals, short sales and foreclosures are the new “traditional” real estate transaction. Knowing how to help sellers maneuver the complexities of short sales as well as help buyers pursue short sale an foreclosure opportunities are not merely good skills to have in today’s marke  they are critical.  If you are a homeowner who wants to do a Short Sale then it is good to work with an agent who is SFR or CDPE certified. Both designations are recognizing agents who are qualified to assist homeowners with a Short Sale.

It is also important to ask the agent if they have expeience with Equator, Resnet, and find out who handles the negotiations with the lender.

 

Written by Jack Lewitz | Discussion: No Comments »

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