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Archive for August, 2011|Monthly archive page

A few quick things: Good news for investors, avoiding mortgage fraud & a workshop on saving your home

In Avoid Foreclosure, Avoid Mortgage Fraud Scams, Buying Real Estate, Chicago Events, Chicago Real Estate, Chicago Realtor, Chicagoland Real Estate, Chicagoland Real Estate Agent, Chicagoland Realtor, Investing in Real Estate, Real Estate, Real Estate Agent, Selling Real Estate, Uncategorized on 08/12/2011 at 8:49 pm

A few quick things that might interest you include some good news for investors, advice about avoiding mortgage fraud, and an upcoming HOME PRESERVATION WORKSHOP at the United Center.

According to Crain’s, investors are smiling throughout Chicagoland since we ranked #3 in commercial sales for the first half of 2011 which includes retail and industrial sales volume.  Apartment building sales were more than six times higher compared with the first six months of 2010.

Chicago ranks #4 for mortgage fraud complaints behind California, Florida, and New York according to a recent Chicago Tribune article.  Generally, companies are not allowed to charge upfront fees in Illinois for loan modification assistance with applications:  only attorneys may charge upfront fees.  Unfortunately, some attorneys have been charged with taking money and doing nothing.  Additionally, the state is looking into companies that pose as law firms to charge money upfront.  Wondering who you can trust?  See hud.gov for a list of free housing counselors approved by the Department of Housing and Urban Development.

Know someone who’s struggling to keep their home?  If your lender is Wells Fargo Mortgage, Wachovia, or America’s Servicing Company, you might want to consider attending a HOME PRESERVATION WORKSHOP at the United Center in Chicago on Aug 17-18.  Not sure about going?  Click here, choose your lender, and check out all details and view a video of what you can expect.

As always, let us know if we can help you with any of your real estate questions or concerns.

Visit our website at:  www.ownchicagorealty.com.

Email us at:  honestlyblog@goldenarrowrealty.com.

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