Real Estate Blog | Ayers Team Real Estate: Naperville, Oswego, and Plainfield IL

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

November 10, 2011 By Rich Ayers Leave a Comment

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 Rich Ayers Leave a Comment

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 Rich Ayers 3 Comments

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 Rich Ayers 1 Comment

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 Rich Ayers Leave a Comment

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

City and Utility Contact info for Chicago Suburbs

June 5, 2011 By Rich Ayers Leave a Comment

[iframe http://www.mredllc.com/cityinfo/ 580 950] … [Read more...]

Filed Under: Real Estate Blog

Naperville, Plainfield and Oswego Rental Homes are BOOMING!

May 29, 2011 By Rich Ayers Leave a Comment

My phone is ringing off the hook. I am getting 30 emails a day. I have people filling out Contact Forms on my site and from Realtor dot com all the time. The Rental Market is RED HOT!! My Property Management business is booming and we are adding about 3 clients per month. Whenever we list a house for rent, whether it is in Naperville, Plainfield, Oswego or any other Chicago suburb, we usually have it filled in about 7-10 days on average. We are getting multiple applications per home and people are fighting over rental … [Read more...]

Filed Under: Foreclosures, Homes For Rent, New Investor, Real Estate Blog, Selling Property, Short Sales

Illinois sees increase in foreclosure filings in 2011

May 29, 2011 By Rich Ayers 1 Comment

Well, I hate to be right when it comes to increasing foreclosure filings, but I am :-). I wrote a blog post about 2 mos ago (okay, not THAT long ago), but it was a story about the DECREASE in foreclosure filings. The media (and yes even the National Assoc of Realtors) is out there trying to make it sound like things are improving. Don't believe it. Any decrease is still only temporary. I work with real estate investors and other buyers on a DAILY basis. There is BARELY a downward trend on foreclosure filings and it is not … [Read more...]

Filed Under: Foreclosures, Homes For Rent, Homes For Sale, New Investor, Real Estate Blog, Selling Property, Short Sales

If Mortgage Rates Keep Falling, Why Are Home Sales So Bad?

May 29, 2011 By Rich Ayers Leave a Comment

I follow Diane Olick on CNBC quite a bit. She recently wrote this blog about falling mortgage rates and falling home sales. Contracts to purchase existing homes plunged a far weaker-than-expected 11.6 percent in April, the heart of the spring housing season. The National Association of Realtors' Pending Home Sales Index is now 26 percent below its cyclical high in April of 2010, which was the deadline for the now-expired home buyer tax credit. "The pullback in contract signings is disappointing and implies a … [Read more...]

Filed Under: Real Estate Blog

Low Mortgage Rates Stay in Place in 2011

May 29, 2011 By Rich Ayers Leave a Comment

Conforming 30 year fixed mortgage rates are at 4.375%, 15 year fixed mortgage rates are at 3.750% and 5/1 adjustable mortgage rates are at 3.000%. Of these, the most popular are the conforming fixed rate mortgage loans that offer the same monthly mortgage payment for the life of the loan. Still standing firm, FHA 30 year fixed mortgage rates are at 4.250%, FHA 15 year fixed mortgage rates are at 4.000% and FHA 5/1 adjustable mortgage rates are at 3.375%. FHA mortgage loans offer down payment requirements as low as 3.5%. Easier credit … [Read more...]

Filed Under: Real Estate Blog

Ayers Team adopts Dropbox.com for 24/7 filesharing and cloud storage

May 29, 2011 By Rich Ayers 1 Comment

Well, we started with Docusign e-signature software but didn't stop there! Once we implemented e-signatures for all of our transactions we searched out the best way to share files securely and with the least amount of cost. Look no further than Dropbox.com! So, why did we move to Dropbox? For us, it allows us access to our business files from any web browser, iPad, Galaxy Tab, iPhone, Android phone, etc. No matter where I work, I have all my files handy. It also works for our real estate investors, home sellers, landlords, … [Read more...]

Filed Under: Buying Property, Foreclosures, Homes For Rent, Homes For Sale, New Investor, Real Estate Blog, Selling Property, Short Sales

Ayers Team implements Docusign e-signature software

May 29, 2011 By Rich Ayers 1 Comment

The Ayers Team has implemented Docusign e-signature software in its efforts to move to a Cloud-based paperless business model. Docusign is owned by the National Association of Realtors (NAR) and is fully compliant with the e-SIGN act of 2000. We LOVE using Docusign and so do our clients. No more faxing, scanning, printing or unreadable copies ever again!! You can read more about the e-SIGN Act here as well as this white paper as it pertains to real estate transactions. I, for one, am not moving back to paper forms!! We have … [Read more...]

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

Illinois sees sharp drop in foreclosure filings in Feb 2011

March 31, 2011 By Rich Ayers 1 Comment

Foreclosure notices dropped to 9,592 in February, a 27 percent decline from January 2011 and a nearly 45 percent drop compared to a year ago, RealtyTrac reported. Nationally, foreclosure filings dropped 14 percent from January 2011 and 27 percent from a year ago. THIS IS ONLY TEMPORARY. It is a very short term trend due to the foreclosure freezes put in place . “Foreclosure activity dropped to a 36-month low in February as allegations of improper foreclosure processing continued to dog the mortgage servicing industry and disrupt … [Read more...]

Filed Under: Foreclosures, New Investor, Real Estate Blog

Live Traffic Feed on AyersTeam.com

March 28, 2011 By Rich Ayers Leave a Comment

I have talked to quite a few of you visiting our site. We have people visiting our from ALL over the US!! Just view our Live Traffic Feed on the bottom right hand side of the page and see what everyone is looking at! It is so interesting to me to hear everyone's story! Good and Bad news really...I hear stories of marriage...divorce...job loss...and new careers. Some of you are Real Estate Investors looking for the deal of the century and they are out there! Boy, are they out there! Some of you are Tenants looking for a great … [Read more...]

Filed Under: Real Estate Blog

When can I buy a new house after a short sale or foreclosure?

March 28, 2011 By Rich Ayers Leave a Comment

We often get asked, "How long does it take to qualify to purchase another home after we have had a short sale or foreclosure?" There are a few different answers depending on what exactly happened with your sale, but we have compiled some guidelines below Don't let your home slip into foreclosure, we can help you sell it at no fee to you! Here are the general guidelines that FHA, Fannie Mae and Freddie Mac follow when considering a loan after a short sale or foreclosure: Short sale with FHA Loan Can purchase right away with no … [Read more...]

Filed Under: Foreclosures, Real Estate Blog, Short Sales