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Chase “List Assist” program offering up to 35k to perform a short sale

May 17, 2012 By Leave a Comment
Chase Logo

 Just to follow up to our story about Bank of America offering up to 30k in short sale relocation assistance, Chase Bank is also rolling out a program called Chase "List Assist".  Rich Ayers and The Ayers Team have been selected to be a "Priority Partner" with Chase in offering short sale and REO (bank foreclosures) assistance. We will be featured on their marketing campaigns and letters and look forward to working with them to speed up their short sales and distressed property business. As part of the Priority Partner program, we have … [Read more...]

Filed Under: Foreclosures, Real Estate Blog, Short Sales

Bank of America $30,000 short sale relocation assistance – following in Chase’s footsteps

May 17, 2012 By 1 Comment
BofA Short Sale

 Many of us Realtor's who specialize in Short Sales received this email from Bank of America on May 15, 2012.    BofA is following in the footsteps of Chase in offering Cash Incentives to sellers to perform a short sale instead of let the house slip into foreclosure. With the HARP/HAMP programs and the Mortgage Forgiveness Debt Relief Act officially ending on Dec 31, 2012 (no plans as of today to extend it), BofA and Chase are steamrolling forward to get these distressed properties off of the books. We have been processing Chase loans … [Read more...]

Filed Under: Real Estate Blog, Short Sales

Short Sale Approval Letters

May 11, 2012 By 2 Comments
Short Sale Approval

If you are looking for a experienced Short Sale Realtor in Naperville, Plainfield, Oswego or any suburb of Chicago, you have come to the right place!  If you are in the position where you have to perform a Short Sale, we hope to earn your business and will work hard to exceed your expectations! Our Number 1 Goal is to get your Short Sale APPROVED!!  We will keep you informed every step of the way so you know the progress that is being made.  We will walk you through the Short Sale process and help you through this tough time. Short Sales … [Read more...]

Filed Under: Real Estate Blog, Short Sales

Speed Up Short Sales, FHFA Directs Servicers

April 23, 2012 By Leave a Comment
FHFA Logo

The Federal Housing Finance Agency announced a new policy to speed up the process that mortgage servicers use to handle short sales, deeds-in-lieu, and deeds-for-lease for mortgages that are backed by Fannie Mae and Freddie Mac.   BofA announced that they are speeding up short sales as posted here.  Chase, Wells Fargo and others are following suit as well. The FHFA, the regulator of Fannie and Freddie, says the new policy includes a revised timeline that will require mortgage servicers to respond to a request for a short sale offer within … [Read more...]

Filed Under: Foreclosures, Real Estate Blog, Short Sales

BofA Announces Shortened Short Sale Process – April 14, 2012

April 11, 2012 By 3 Comments
BofA Short Sale

As part of my CDPE and SFR Designations, I am invited to various Industry calls regarding short sales and foreclosures and the ever-changing processes that the major banks follow. Bank of America announced today it is refining its short sale process to streamline its approval process and reduce the wait in accepting offers and making it to closing. The changes are expected to trim the bank’s decision time in half -- from 45 days or longer to 20 days.  Starting April 14, the bank says it will permit its short sale specialists, using a … [Read more...]

Filed Under: Foreclosures, Real Estate Blog, Short Sales

Two Important Short Sale related Federal Acts/Programs Ending 12/31/2012

March 19, 2012 By 1 Comment
HARP Update Image

 1) The Mortgage Forgiveness Debt Relief Act of 2007. This Act removed the taxability of "Debts discharged through Bankruptcy" and "Debts forgiven by your lender". That means you DO NOT pay taxes on the "Phanton Income" due to a Short Sale, etc. This is HUGE considering the staggering numbers of these transactions. 2) The "Making Home Affordable" Program. This is Obama's program to help speed Short Sales through a lender, incent lenders to help you refinance, and other foreclosure avoidance measures.I am hoping these get extended past 2012. … [Read more...]

Filed Under: Real Estate Blog, Short Sales

Sell your Naperville, Plainfield or Oswego home for 4% between April 1st and June 30th!

March 16, 2012 By Leave a Comment
No_6_percent_commission

 Well, I am feeling good about the spring market!  Interest rates are rock bottom.  I've seen a few non-distressed properties start hitting the market.  Times are tough so I wanted to help out where I can. To be honest, I NEVER market a home for a 6% fee.  I think it is just too damn high.  I tend to aggregate around an average 5% or so.  But, I like to run specials, so here it is!  If you list your home with The Ayers Team between April 1st, 2012 and June 30th, 2012, our Marketing Fee is only 4%.  We will even pay for a … [Read more...]

Filed Under: Homes For Sale, Real Estate Blog, Selling Property

Short Sales Get Shorter: New Deadlines to go into Effect

March 15, 2012 By Leave a Comment
Short Sale Approvals

  As part of a settlement with state attorneys general, the five largest mortgage servicers are adopting new requirements for short sales, which is expected to speed-up what has been known as a lengthy process.  We are seeing a short sale process ourselves, so we hope this holds true!   Here are some of the new requirements for servicers under the settlement:  Servicers must provide borrowers with a decision within 30 days after receiving a short sale package request.  Servicers will be required to notify a borrower, also within 30 … [Read more...]

Filed Under: Real Estate Blog, Short Sales

I love Google Analytics!

March 9, 2012 By Leave a Comment
google-analytics-logo

I love Google Analytics...just trying to see what folks are using www.AyersTeam.com to search for...Here are the top search queries for the last couple weeks. It is always interesting to see what people are typing: subdivision names, individual addresses...If you live in Churchill Club in Oswego, I think you better market your home with me according to below! That is where people are looking for Churchill Club homes!   Keyword Visits(not provided) 215churchill club oswego il 55ayers team 25ayersteam.com 1424348 leski lane plainfield il … [Read more...]

Filed Under: Buying Property, Homes For Sale, Real Estate Blog, Short Sales

Fixed Mortgage Rates are at their 60 YEAR LOWS!

March 9, 2012 By Leave a Comment
Mortgage Rates since 1938

In Freddie Mac's results of its Primary Mortgage Market Survey® (PMMS®), fixed-rate mortgages are at or near their 60-year lows helping to drive record high homebuyer affordability. The 15-year fixed, a popular choice among refinance borrowers, averaged a new all-time record low of 3.13 percent.  30-year fixed-rate mortgage (FRM) averaged 3.88 percent. I see it as the opportunity of a lifetime to purchase real estate.  But, maybe I am biased?  I even refinanced my rental properties into 15 year mortgages at under 4%.  My payments barely … [Read more...]

Filed Under: Buying Property, Real Estate Blog

Get a HUD Home for $100 Down – Buy Before Oct 31, 2012

November 10, 2011 By Leave a Comment
foreclosure-next-exit-sign

This article is from the Realty Times website by Broderick Perkins today. Call it the U.S. Department of $100 Down Housing. The U.S. Department of Housing and Urban Development (HUD) is offering its foreclosed homes for a mere $100 down from now until October 2012.  HUD like other federal agencies, are anxious to unload properties they hold, because they can be a financial drain.  Of course you'll have to qualify for a mortgage, you may have to pays some closing costs, the deal isn't available everywhere and the condition of the homes is … [Read more...]

Filed Under: Buying Property, Homes For Sale, Real Estate Blog

US Set to Unveil New Relief Plan for Homeowners

October 21, 2011 By Leave a Comment
HARP Update Image

By Reuters as reported on CNBC.com: U.S. homeowners who owe more than their houses are worth will get new help to refinance in a government plan to be unveiled as early as Monday to support the battered housing sector, sources familiar with the effort said.   The Obama administration has been working with the regulator for Fannie Mae and Freddie Mac to find ways to make it easier for borrowers to switch to cheaper loans even if they have little to no equity in their homes. The regulator, the Federal Housing Finance Agency, … [Read more...]

Filed Under: Foreclosures, Real Estate Blog, Short Sales

Senate Bill 3334 (SB3334) – Foreclosures and Short Sales will now be reflected in Property Tax Assessments

September 21, 2011 By 3 Comments
Property Tax

Note:  Here is a re-hash of a post I did about a year ago...something to keep in mind!! Here is the link to the actual Senate Bill 3334. FINALLY!! Senate Bill 3334 (SB3334) is effective 7/16/2010. It amends the Illinois Property Tax Code to require that foreclosures and short sales be taken into account in reviewing and correcting property tax assessments.  That is HUGE news for homeowners!  I would suggest that everyone in Naperville, Plainfeld, Oswego or any Chicago suburbs dispute your property tax assessments now that we can include … [Read more...]

Filed Under: New Investor, Real Estate Blog, Short Sales

Churchill Club Floor Plans – Oswego, IL

July 25, 2011 By 1 Comment
Churchill Club Oval

If you are buying, selling, renting or just living in Churchill Club in Oswego, IL we have all the floor plans here that you can download.  I don't believe I am missing any, but let me know if you find one that isn't here! Feel free to share these with your neighbors using the Social Networking buttons on this post!  We have had quite a few folks download them already! Single Family Floor Plans: Preakness Series Arlington Series Derby Series Townhome Floor Plans: Belmont Series   Rich and Karen Ayers are … [Read more...]

Filed Under: Oswego Subdivisions, Real Estate Blog

Pricing, Pictures and More! See “ViewTheDetails.info”

June 14, 2011 By Leave a Comment
View Our Listings

If you have seen one of our listings on the street and want more information, you came to the right place!  Each of our sale and rental listings are below.  Click on the home you are interested in to see more pictures and details. If you want to apply to any of the rentals, please visit our Application Page and fill out our Contact Form below with your information. If you want to schedule a showing on any homes for sale, please fill out our Contact Form below. … [Read more...]

Filed Under: Homes For Rent, Real Estate Blog
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