Las Vegas Mini-Castle

Las Vegas Mini-Castle

Facebook | My Photos - A day in the park

Facebook | My Photos - A day in the park

Contractors, rehabbers, Investors THIS ONES FOR YOU!!!

1537 west 104th st, Chicago, IL 60643

— Photo Gallery Opens in a Popup Window —

— — 
View Photos Map

Price: $75,000.00
After Repair Value (ARV): 220000

Property Code:

County: Cook

Address: 

1537 west 104th st
Chicago, IL 60643

Type: Single Family Home
Building Type: Stucco

Year Built:
Square Footage:
Central Heat/Air (CHA):
Beds: 5
Baths: 2
Garage:
Pool: No

Sales Rep Name/#:
Showing Instructions: Drive by, call for appt
Get into highly desired Beverly on a Budget.  Handyman Special!!  Rare opportunity to get countrylike living in the city of Chicago.  Huge yard for the kids to play.

Only in this market can you see a 3bdrm upstairs 2 bdrm downstairs 2 bathroom home in Beverly that sits on a large 8000 sq ft lot for this price.  Bring your contractor or use us and lock in your equity/profits!! 
Recent ARV sales in the $ 200's. 

Purchase at $75K fix for $35K ARV $229K.  Nice math at 50% LTV.

Call 866-434-0798 or www.ourfamilybuyshouses.net

ASK FOR ADAM

Coming soon new listing in Hammond Indiana

7 Ruth St., Hammond, IN 46320

— Photo Gallery Opens in a Popup Window —

— — 
View Photos Map

Price: $Price to be determined
After Repair Value (ARV):

Property Code:

County: Lake

Address: 

7 Ruth St.
Hammond, IN 46320

Type: Multi Family Home
Building Type: Brick

Year Built:
Square Footage: 2200
Central Heat/Air (CHA): Yes
Beds: 4
Baths: 2
Garage: No
Pool:

Sales Rep Name/#:
Showing Instructions:
Brick Multi-family in Hammond Indiana
Great brick craftsman style 2 unit in Hammond Indiana right across the street from Il.  Property has new windows , heating units and decks. In move in condition with huge back yard and drive-way.

Coming soon, new listing, Chi-bung

2014 West 80th place, Chicago, IL 60620

— Photo Gallery Opens in a Popup Window —

— — 
View Photos Map

Price: $to be determined
After Repair Value (ARV): 162500

Property Code:

County: Cook

Address: 

2014 West 80th place
Chicago, IL 60620

Type: Single Family Home
Building Type: Brick

Year Built:
Square Footage: 2000
Central Heat/Air (CHA): Yes
Beds: 4
Baths: 1
Garage: 2 Car
Pool:

Sales Rep Name/#:
Showing Instructions:
Chicago Bungalow Great house Great Location1
This solid brick Chicago bungalow has Hardwood floors throughout full attic and basement partially finished lots of room and a 2 car garage. Across from park and close to shopping district, and transportation.

Great Article on home owner options

by Bill Bronchick

Understanding the different options a seller may be considering is important when negotiating with sellers. Below are the most common options that sellers may address with you if the sellers are either in default or anticipating being in default. 1. Reinstatement of Loan (Cure): This option is paying the lender everything that is owed in one lump sum to include missed payments, any late fees associated with these payments, foreclosure fees, legal fees and the principal owed during the delinquency. A cure may involve the seller curing or deeding it to the investor "subject to" the exisiting loans, who will cure. There is a risk to the homeowner that the lender may accelerate the loan because of the due-on-sale, and the homeowner no longer owns the property and has no recourse of the investor doesn't pay the loans. 2. Repayment Plan: This is a written agreement between the lender and the seller. These plans require higher payments than the regular monthly mortgage amount for a period of time until the loan is brought up-to-date. 3. Loan Modification: A loan modification involves changing one or more terms of a mortgage. Modifications can be considered to reduce the interest rate of the mortgage, change the mortgage product (from an adjustable rate to a fixed rate, for example), extend the term of the mortgage or capitalize delinquent payments (add delinquent payments to the mortgage balance-only available in extreme hardship situations). Modifications are NOT easily granted and there must be strong, justifiable reasons for the request. 4. Forbearance Agreement: The lender will allow you a period of time (3-6 months typically) of either low payments or no payments at all. Unless the loan term is extended (which happens rarely), the later payments generally will have to be higher than the original monthly mortgage payments until the loan is up-to-date. 5. Special Forbearance (FHA Loans only): Allows eligible borrowers to postpone monthly mortgage payments for a minimum of four months. While there is no limit on the maximum number of months, at no time may the agreement allow the delinquency to exceed the equivalent of 12 monthly PITI installments. 6. Deed-in-Lieu: A Deed in Lieu is an option in which a borrower voluntarily deeds collateral property in exchange for a release from all obligations under the mortgage. A DIL may not be accepted from borrowers who can financially make their payments. If a borrower qualifies for a DIL program they may be eligible for cash back from the lender as in the “Cash for Keys” program. 7. Cash Sale: The borrower sells the property, pays off his loan, and, depending on the equity, may net some cash out of the deal. The challenge, of course, is being able to sell it quickly enough, which most often requires a substantial drop in the price. 8. Short Sale: The borrower makes an agreement with the investor to sell it for less than is actually owed, subject to approval of the lien holders. This generally results in no cash to the homeowner, but will be better for the better for his credit than a completed foreclosure. 9. Refinance: The borrower may be able to refinance and get a new loan, but generally this is difficult because the borrower has little equity and poor credit. The new loan likely will have higher payments than the old loan. 10. Do Nothing: The worst choice for the seller, whose credit will be ruined, but he can stay in the house for several months for nothing, save up some cash, and move when the lender or the high bidder from the auction eventually evicts the homeowner. Explain each of these choices, and be honest with the homeowner. In many cases, he will trust you for your candid explanations. You may lose a deal or two by offering the homeowner choices that are actually BETTER than your offer, but that's ok - always take the high road and you will have a long and properous business in real estate investing.