Lakeview Estates is located between Rt. 71 and Grove Rd. in Oswego, IL behind the Ace Hardware strip mall.  This subdivision was built by Property Concepts Inc. starting in 1997.

In the single family category there are 5 active listings currently.  Year to date we have had 7 sold homes and there is one home currently under contract.  Two of the sold homes were foreclosures.

In the duplex side we have 6 active listings and 6 close listings.  There may be slight variances if listing agents did not specify the subdivision.

City wide there are currently 243 active single family homes, 52 pending or contingent listings, with 15 out of 52 marked as short sales.  We have closed on 264 single family homes as of 12/17/2010.  Fifty-six of these were foreclosures.

There are currently 117 active attached homes (townhomes, condos, etc.).  There are currently 11 listings under contract of which 6 are short sales and 1 foreclosure.  Year to date 125 homes have closed with 46 being foreclosures and 13 short sales.

If you are in the market for a home or are ready to sell your current home, please contact me or visit my webiste at:

www.dynamicbroker.com

IL Loan modifications have become a joke. People get turned down for no reason at all. People really want to keep their home, but just can’t figure out what to do. The loan modification negotiators realize how desperate the homeowners are. They use their power over the person to take an ego trip. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Banker to Homeowner, "You Pay Up!"

“I’m going to make this person beg me personally for their loan modification”, they think to themselves. Everything becomes a competition between negotiators on who can squeeze more out of people. They talk to their fellow negotiators about what they are able to force people to do. “I saw that one lady had $100 a month for entertainment on her financial statement. I told her she didn’t deserve money for entertainment when she owed money to us”, they say to them. Meanwhile, the other negotiator tells their story. “One couple had $200 a month on their financial statement to give to their church. As soon as I saw that, I increased the payment I asked by $200″, they say. Yes, power does corrupt. These loan modification negotiators hold they keys to the homeowners future staying in their home. Here is what needs to be added to the Homeowner’s Bill of Rights. 1. Whenever a homeowner is turned down for a loan modification, the lender shall give them a written, coherent response along with the reason they were turned down. It needs to specifically detail why they were denied and what they can do to be approved. 2. Homeowners are given all the guidelines at the beginning of the loan modification process. They should receive the same guidelines the loan modification negotiator receives. That way they can make sure that they aren’t lying to them. Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at evelyn4homes@aol.com. I will contact you for a free consultation. When we talk, I will explain how the process works in detail. If you prefer, then you can call me at 630-896-9999. Discover how other sellers successfully completed a short sale and request a free consultation by clicking here. Thinking about a loan modification? Our Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy. Thanks for reading this, Evelyn Santiago. Evelyn is a Real Estate Broker at Dynamic Real Estate Network, Inc. Phone: 630-896-9999. evelyn4homes@aol.com. View My homes for sale at www.dynamicbroker.com. Evelyn Santiago specializes in loan modification assistance and short sales in Oswego Illinois. Oswego Loan Modification Help, Oswego Short Sales. Oswego Short Sale Realtor. Naperville Loan Modification Help, Naperville Short Sales, Naperville Short Sale Realtor. Aurora Loan Modification Help, Aurora Short Sales, Aurora Short Sale Realtor. Short Sale Realtor. IL Short Sales. Realtor. Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are evelyn santiago’s personal views and do not reflect the views of http://ssagentadvocate.com/. This information on Short Sales: Bankers, can we have more open and transparent loan modifications is provided as a courtesy to our viewers to help them make informed decisions.

Pay Up Or Else!

IL – Maybe this is a pet peeve of mine. Or maybe it just seems ridiculous that someone would call a debtor over and over again asking to be paid, when they have already been told the debtor doesn’t have the money to pay them. Or maybe it is the fact that I see countless examples of debt collectors breaking the Fair Debt Collection Practices Act. But, no one seems to care that they are breaking the law. The Fair Debt Collection Practices Act forbids collectors from threatening to sue you, but then not following thru and actually filing suit. To get around this rule, they will use language that sounds legal, but isn’t. In one situation, a debt collection firm in Buffalo, New York named their firm Hoffman, Weinberg & O’Brien to make it sound like they were a law firm. They would then leave messages on people’s answering machines. They would say they were with the office of Hoffman, Weinberg & O’Brien and then say they may resort to future legal action. Or they would say they were calling about a pre-legal matter. In addition, they would reference case number 8306042. If you didn’t know any better, you would think the case number was for an actual lawsuit against you. Scary, right? In addition, if a debtor tells them not to call anymore, then they are supposed to stop calling. They just keep on calling anyways. This is another example of them not obeying the law per the Fair Debt Collection Practices Act? I allege that they willingly and knowingly break the law repeatedly. This is why we put Number Seven onto the Homeowner’s Bill of Rights: 7. Stop the Debt Collector Harassment! The right to tell any and all debt collectors to stop calling and never receive a phone call from then again. In addition, this would include debt collectors that know the person’s phone number, but will call family members in an attempt to embarrass the debtor. This is America people! Debtor’s prison was abolished two centuries ago! It’s time to update your activities to the Twenty-First Century!   Or take another example. A homeowner has never made a late payment in their entire life. They lose their job and find one in another state. The move, try to rent out their house, but can’t afford the payments. They get behind on their mortgage payment and credit cards. They enter the world of non-stop harassment. Debt collectors call them non-stop. These people aren’t deadbeats. They are just struggling at the moment. They won’t stop calling even when the debtor asks them to stop. They would pay if they had the money. But they don’t have it. But, the people won’t stop calling. The constant phone calls make their home life miserable. Don’t you think it has gone too far? I do. That’s why we need a Homeowner’s Bill Of Rights. Stop the debt collector harassment. What do you think? Please put your comments below. Thinking about a short sale in Aurora IL? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at evelyn4homes@aol.com. I will contact you for a free consultation. When we talk, I will explain how the process works in detail. If you prefer, then you can call me at 630-896-9999. Discover how other sellers successfully completed a short sale and request a free consultation by clicking here. Thinking about a loan modification? Our Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy. Thanks for reading this, Evelyn Santiago. Evelyn is a Real Estate Broker at Dynamc Real Estate Network, Inc. Phone: 630-896-9999. evelyn4homes@aol.com. View My homes for sale at www.dynamicbroker.com. Evelyn Santiago specializes in loan modification assistance and short sales in Oswego Illinois. Oswego Loan Modification Help, Oswego Short Sales. Oswego Short Sale Realtor. Naperville Loan Modification Help, Naperville Short Sales, Naperville Short Sale Realtor. Aurora Loan Modification Help, Aurora Short Sales, Aurora Short Sale Realtor. Short Sale Realtor. IL Short Sales Realtor. Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are evelyn santiago’s personal views and do not reflect the views of Dynamic Real Estate Network, Inc. This information on Short Sales: Attn: Bankers. Stop harassing Americans for money they don’t have is provided as a courtesy to our viewers to help them make informed decisions.

IL – If homeowner’s have a bill of rights, then bankers must have one as well. We decided to put together the Banker’s Bill of Rights. That way they wouldn’t feel left out.

Let me know if we should put this together and petition congress to add it to the constitution.

The Banker’s Bill of Rights.

1. All Bankers have the Right to make any mistake they want and still get bailed out by the American Taxpayer. They can fiddle around with complex derivatives with no risk to themselves or the bank they run.

When they run their bank into the ground, they get the full assistance of the American Taxpayer to bail them out of their mess.

2. All Bankers have the right to say “sic’ em” to their debt collection phone harassment team. Every American that doesn’t pay on time will be called non-stop until that pay up.

They have the right to call the debtor at 8:55 on a weeknight, at 8AM on the weekend, and even at their workplace. Maybe the Bankers can embarrass the employee or cause their boss to fire them.

3. All Bankers have the right to make the loan modification as confusing and frustrating a possible. This includes the right to change policies at anytime, continue the foreclosure process in order to force the homeowner to accept a payment they can’t afford, and not respond to phone calls or e-mails for weeks at a time.

4. Every American either pays their mortgage on time, or they are sent to a forced labor camp to work until they have paid everything back in addition to delinquent interest. This is called “The Gulag” Rule.

If you get behind and we lose money on your house, then go to a work camp to “work off” what you owe us at minimum wage.
In addition, if any homeowner dare not pay on time, then a late penalty shall be charged at 10% per day.

Discover how other sellers successfully did a short sale (and avoided “The Gulag”) by clicking here.

4. All Bankers have the right to hide all the rules for a short sale or loan modification. We will enter a new age of holding the homeowner in the dark. Transparency, accountability, and openness will be gone.

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at evelyn4homes@aol.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail. If you prefer, then you can call me at 630-896-9999.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy.

Thanks for reading this, evelyn santiago.

evelyn is a Real Estate Broker at http://ssagentadvocate.com/.

Phone: 630-896-9999. evelyn4homes@aol.com.

View My homes for sale at www.dynamicbroker.com.

Evelyn Santiago specializes in loan modification assistance and short sales in Oswego Illinois. Oswego Loan Modification Help, Oswego Short Sales. Oswego Short Sale Realtor. Naperville Loan Modification Help, Naperville Short Sales, Naperville Short Sale Realtor. Aurora Loan Modification Help, Aurora Short Sales, Aurora Short Sale Realtor. Short Sale Realtor. IL Short Sales. Realtor.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are evelyn santiago’s personal views and do not reflect the views of http://ssagentadvocate.com/. This information on Short Sales: The Banker’s Bill of Rights is provided as a courtesy to our viewers to help them make informed decisions.

Buyer's - If you are thinking of buying a home as a present to your family this holiday season make sure you follow the advise of your mortgage/loan person.

Continue paying all your bills on time every time - NO EXCUSES!

Don't add to your credit cards, get a new credit card -  if at all possible no matter how tempting or how big the discount!

You will be glad you listened to Gene's advice and if you didn't get this advice perhaps you need to rethink your choice of loan/mortgage persons!

 

IL – The big banks made mistakes and received a bailout. They have the resources to lobby congress and the courts to have laws written to suit them.

But, what has the little guy received? Nothing. So we decided to put together a Homeowner’s Bill of Rights. It’s time we had Washington look at what we want, versus taking care of the big banks.

Considering that the big banks have way more rights than the little guy, here is what we think should be done to “level the playing field.”

The Homeowner’s Bill of Rights.

1. Stop The Loan Modification Insanity! The Right to an open and transparent loan modification process. Any homeowner that can no longer afford their mortgage payment, petitions their lender for a loan modification, and it turned down shall receive a written, coherent response from their lender detailing why they were denied and what they can do to be approved for a loan modification.

2. The right to get an answer to a voicemail or e-mail from a loan mod or short sale negotiator within one business day.

3. The right to obtain the rules and guidelines for the loan modification of short sale from the loan servicer. Most loans are owned or insured by someone other than the lender the homeowner mails their payment to. However, these front entities still make decisions contrary to the investor or insurer’s guidelines.

As such, the loan servicer should send any and all guidelines regulating the loan modification and short sale process to the homeowner.

4. The right to deal with one person who will make the decision to approve or deny their loan modification or short sale. This person should be available to reach by phone or e-mail.

5. The right to attempt to negotiate a loan modification or short sale without fear. The homeowners have the right to have all foreclosure proceedings stopped when they are negotiating a loan modification or short sale.

Many lenders use an impending foreclosure sale date to force a higher payment from a homeowners attempting to secure a more affordable payment.

Many times the reason the sale date is so near is because the lender has dragged their feet on negotiating with the homeowner. Because they are under duress, many homeowners will agree to a payment they cannot afford.

Sure the loan mod negotiator at the bank gets a bonus. But, everyone loses when the homeowner re-defaults and the lender has to process a loan modification all over again.

6. The right to walk away from their upside down mortgage debt. We often see the lenders hold such a hard line on getting repaid everything they owe that they allow the collateral (the home that is mortgaged) decline in value even more than they ever would have received as repayment from the debtor.

7. Stop the Debt Collector Harassment! The right to tell any and all debt collectors to stop calling and never receive a phone call from then again. In addition, this would include debt collectors that know the person’s phone number, but will call family members in an attempt to embarrass the debtor.

This is America people! Debtor’s prison was abolished two centuries ago! It’s time to update your activities to the Twenty-First Century!

8. The right to have their short sale handled competently. The short sale process with most lenders is seriously flawed. Because of this, we see short sale offers for 385k rejected, only to see the home sell for 230k after foreclosure. This hurts homeowners, the banks, the housing market, and the American Economy.

Is it fair to pursue a homeowner for a larger deficiency when it was the lender’s decision to reject the short sale that caused the deficiency to be larger? I don’t think so.

Because of that, the homeowner has the right to have their short sale handled as detailed below.

A. All deficiencies are forgiven. We often see the lenders hold such a hard line on getting repaid everything they owe that they allow the collateral (the home that is mortgaged) decline in value even more than they ever would have received as repayment from the debtor.

Making the infamous difficult short sale process simpler and more attractive to buyers would net the banks way more money than will ever be recouped chasing down sellers.

B. To have their short sale handled to process everything as smoothly and quickly as possible so the home sells for top dollar and the loan owner receives the most money possible.

C. The right to work with a competent, experienced agent who specializes in short sales.

D. The homeowner is given a written list of investors, mortgage insurance companies, etc. (with contact information) that need to be satisfied for the Short Sale to be approved.

E. An appraisal is ordered and then the home is listed for sale at that price. The price is dropped by 5% a month, or whatever that lender’s standard price drop is for Bank Owned Properties.

F. Home buyers get an answer to their offer within 2 business days.

G. An appraisal is ordered and then the home is listed for sale at that price.

H. Allow short sale buyers 45-60 days to get their loan approved. Many lenders that have loan servicing departments that handle short sales. These departments demand that a home buyer close the transaction within 30 days of short sale approval.

However, these same companies have lending sides that cannot close a loan in less than 45-60 days. So essentially, they are demanding that other banks close loans in 30 days, when they themselves cannot do the same thing. I would call that serious hypocrisy! Don’t you agree?

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at evelyn4homes@aol.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail. If you prefer, then you can call me at 630-896-9999.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy.

Thanks for reading this, Evelyn Santiago.

Evelyn is a Real Estate Broker at Dynamic Real Estate Network, Inc..

Phone: 630-896-9999. evelyn4homes@aol.com.

View My homes for sale at www.dynamicbroker.com.

Evelyn Santiago specializes in loan modification assistance and short sales in Oswego Illinois. Oswego Loan Modification Help, Oswego Short Sales. Oswego Short Sale Realtor. Naperville Loan Modification Help, Naperville Short Sales, Naperville Short Sale Realtor. Aurora Loan Modification Help, Aurora Short Sales, Aurora Short Sale Realtor. Short Sale Realtor. IL Short Sales. Realtor.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Evelyn Santiago’s personal views and do not reflect the views of Dynamic Real Estate Network, Inc.. This information on The Homeowner’s Bill of Rights is provided as a courtesy to our viewers to help them make informed decisions.

The year is almost over and the numbers for my local area are in.  With both Naperville (5th largest city in IL) and Aurora (2nd largest city in IL) the small towns surrounding these two major cities still face some of the same issues. 

 

Town

NOVEMBER 2010

NOVEMBER 2009

	DE	NM	AT	NM	DE	NM	AT	NM
Montgomery	7	1	7	4	32	20	10	6
Oswego	15	3	11	6	23	7	9	3
Yorkville	15	6	5	5	21	9	11	6
Aurora	85	44	16	7	128	51	53	26
0 - 100K	38	27	7	7	33	28	12	9
101 - 225K	29	12	8	0	59	20	37	17
226 - 2.3M	18	5	1	0	36	3	4	0
Naperville	77	15	31	7	96	16	61	8
101-225K	6	5	24	7	7	3	51	7
226-350K	22	0	4	0	36	6	9	0
351 - 1.6M	49	10	3	0	53	7	1	1

 

 Year to Date 2010 versus 2009

	YEAR TO DATE SALES - 2010	YEAR TO DATE SALES - 2009
Town	DE 2010	AT 2010	DE 2009	AT 2009
	DE	NM	AT	NM	DE	NM	AT	NM
Montgomery	240	114	59	32	253	127	66	40
Oswego	257	81	116	54	282	94	108	46
Yorkville	195	98	68	58	190	77	46	25
Aurora	1235	660	385	187	1069	483	422	160
0 - 100K	494	408	108	91	311	257	72	59
101 - 225K	478	222	257	94	438	185	326	100
226 - 2.3M	263	30	20	2	320	41	24	1
Naperville	1083	148	364	93	1037	181	450	56
101-225K	79	38	281	88	57	36	329	48
226-350K	325	44	65	2	331	52	106	6
351 - 1.6M	679	66	18	3	649	93	15	2

If you were wondering how your realtor gets paid this blog explains it.  Although each individual realtor may have a different scenario depending if they are the broker or work for a broker so that commission that the seller pays is split between the listing agent and the buyer's agent.  They then may have to  split their side of the commission with their broker.  Then pay taxes, expenses, etc.

That slice of the pie gets cut many ways so we need to sell many homes to make all those millions that so many people think we make.

If you want to help please buy a home from your favorite realtor....and that would be ???

I have just come in from shoveling my driveway.  We have just had our first significant snow storm here in the Midwest somewhere in the vicinity of 3 to 6 inches will fall.  I have to do my driveway in sessions especially when its as heavy as it is today.

I have also had some showings scheduled today for a few of my listings.  One cancelled and the other one is showing the home.  A motivated buyer is a precious thing in this market so kudos to the agent that perserved in showing today during this snowstorm.

Which brings me to the topic of my blog.  Curb appeal during the winter.  If your home is currently on the market and you have not shoveled your sidewalk and driveway get out and do it now!  You just might have a showing this weekend!  Keeping the driveway, front walk and sidewalks clear are a very important during winter.

 

I had buyer's last winter and they were determined to get a home so I was showing homes during blizzards.  Since a lot of the homes were short sales or foreclosure I learned to carry my own shovel and flashlight.  When I have listings where the owner is not in the area I make it a habit to shovel at least a path whenever I have a showing at a vacant listing.  It's a small thing but it helps when the other agent and their buyers don't have to wade through waist high snow.  I have done it and its not fun!

If you don't want your carpets soiled with snow make sure you have a basket handy with booties, a place for them to put their shoes and a rug of some kind to make the transition.  A sign is always a nice touch but if you want people to do this make sure that your carpets are immaculate.  I showed a home that requested that we remove our shoes but the carpet was so dirty we were scared to do so because we didn't want to catch something!  So it works both ways.

If it's icy outside make sure you have salt or sand on the walks so people don't fall down.  Nothing will ruin the showing than having a prospective buyer fall down!

Keep holiday decorating tasteful and non-sectarian.  Remove personal pictures and keep counters clutter free.  Remember you want them to look at the house not at your personal things or furniture.  Remove extra furniture to show off the room dimensions. 

Remember your home is no longer a home - it's an asset that is being marketed so make sure it shines no matter what the weather outside in Oswego, IL or anywhere else where a winter wonderland can be around the corner.

IL – The Stop Foreclosure Institute recently received a question from Christy. “Why would I do a short sale instead of saving the monthly payments and letting it go into foreclosure?” Christy asked.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Here is the answer. If you stop paying your mortgage, then you can live in your home rent free for 12-24 months, depending on the state you are located within.

I have seen lenders wait a year after the first missed payment just to file for foreclosure. Yes, you can live in your house for free for a long time. However, a short sale has many advantages over a foreclosure.

It does less damage to your credit and allows you to buy another home in 2 years versus the 5-7 years after a foreclosure. In addition, you can get some money as an incentive for doing the short sale.

If you want the benefits of both, then stay in your home until the foreclosure case has been started. Then, start working on a short sale with your agent. A short sale can take anywhere from 3 months to even 6-9 months to process.

This will allow you to salvage your credit and live “rent free” for 12-24 months. You will be able to wipe out all that upside down debt and move on with your life. Best of all, you will be eligible to buy another home in 2 years once you are back on your feet.

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at evelyn4homes@aol.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail. If you prefer, then you can call me at 630-896-9999.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy.

Thanks for reading this, Evelyn Santiago.

Evelyn is a Real Estate Broker at Dynamic Real Estate Network, Inc..

Phone: 630-896-9999. evelyn4homes@aol.com.

View My homes for sale at www.dynamicbroker.com.

Evelyn Santiago specializes in loan modification assistance and short sales in Oswego Illinois. Oswego Loan Modification Help, Oswego Short Sales. Oswego Short Sale Realtor. Naperville Loan Modification Help, Naperville Short Sales, Naperville Short Sale Realtor. Aurora Loan Modification Help, Aurora Short Sales, Aurora Short Sale Realtor. Short Sale Realtor. IL Short Sales. Realtor.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Evelyn Santiago’s personal views and do not reflect the views of Dynamic Real Estate Network, Inc.. This information on Question from Homeowner: Why would I do a Short Sale instead of saving the monthly payments & letting it go is provided as a courtesy to our viewers to help them make informed decisions.