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Showing posts from March, 2012

CURRENT MARKET CONDITIONS - GETTING YOUR NEXT MORTGAGE LOAN

Mark Greene at Forbes Magazine nailed it earlier this month in his article the perfect loan file, which really does capture the rigor with which lenders are scrutinizing every mortgage loan application these days. In my opinion, this should be mandatory reading for every buyer in the marketplace now.

Lenders demands for proper / acceptable supporting documentation can be pretty daunting.  I see many clients with qualifying income and credit scores being driven to tears by the excruciating process. In recent weeks more than a couple have simply quit. Some are using all cash to make their deals, avoiding the hassle altogether. Others are giving up their dreams of home ownership. If I never hear a loan originator ask for (or a client complain about) "just one more thing,"  I will be a happy man.

Certainly understandable that lenders are being very cautious while processing their loans applications. No one wants to see loan failures given the still-too-recent market collapse - p…

SHARING OUR SUCCESS - THANKS TO YOU

For a second consecutive year, I pledge to donate a portion of my fee from each successful Chicago area real estate closing that I work on to a worthy charitable organization.  Clients designate the specific recipient from a list of ten pre-approved organizations and all donations are made in their honor.

The Thanks to You program is intended to both express gratitude to the clients that hire me, and to help build a stronger community for us all. Together last year, we pledged more than $4,000 to organizations supporting better education, better health, and the fine arts.

This year should be even better.

I am pleased to announce the finalized list 2012 grant recipients:


WORKING IN THE SCHOOLS - Promotes literacy and the love of reading among low-income and minority students in Chicago Public Schools by providing one-on-one tutoring and mentoring.READING IN MOTION - Provides at-risk children from Kindergarten through 3rd grade with the key tools required to achieve grade-level reading, …