If you are facing foreclosure after COVID, it is time to talk seriously about a short sale. Short sales are the best method to reduce the credit hit, keep your equity, and get back to normal. This article is based on a presentation I gave to North American Title...
Dual agency is when the same Real Estate Agent represents both the buyer and the seller. In Illinois, this arrangement is perfectly legal, and it is just a check-box on Section 29 of the Multiboard 7.0 Contract. These arrangements can be a nice opportunity fo both an...
There is only one piece of paper I see every single day. If you wound up on this page, I think you’ve probably seen it too. It’s intimidating, it’s lengthy, and it’s written in complicated legalese. But, if you’re buying, selling, short...
In April 2020, JP Morgan Chase announced that it would require all new loans to have a 700 FICO score and place 20% down at the time of closing. Soon after, other major lenders like United Wholesale Mortgage and even Fannie Mae followed suit! This time last year,...
For Sale By Owner. FSBO. These words often mean a seller looking to save money, but how do you protect yourself as a buyer? With for sale by owner homes, you can only know one thing from the start. All you know is that the seller is not using a real estate agent who...
It’s the end of April 2020. We are all locked down, in quarantine, and most of us are unable to go to work. Every day at 3:00 pm, the governor has a press conference to tell us how the crisis is evolving. At 4:00 pm we then hear from the national task force that...
