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Chicago real estate market sees fluctuating growth in 2017

Chicago real estate market sees fluctuating growth in 2017. With the continuing deficiency of inventory driving the accumulation of demand in the residential market, multi-family luxury developments continue to attract buyers to Chicago’s core neighbourhoods. 2016 was a year of uncertainty in many economic and political aspects influencing real estate market reactions throughout the United [...]

By | September 19th, 2017|Borrower News, Investor News, Real Estate News|0 Comments

Beginner’s Guide to Full-Time House Flipping

Beginner’s Guide to Full-Time House Flipping Becoming The Boss The goal of flipping houses varies greatly from person to person; however, most often, we see new investors looking to punch out of their day job for good to take on flipping houses full time. If you want to become your own boss, there are a [...]

By | September 14th, 2017|Borrower News, Investor News, Loans Funded|0 Comments

Hot neighborhoods poised to see growth among modest home price forecast

Chicago homeowners who have been waiting for real estate values to bounce back to the levels they were at before the housing crash probably will continue to be frustrated in 2017, although a couple of hot neighborhoods are poised to see appreciation. On average, home prices in the Chicago area will climb just 1.95 percent [...]

By | July 25th, 2017|Borrower News, Financial, Hard Money, International, Investor News|0 Comments

Illinois housing market swings into spring with jump in home sales, prices

Illinois housing market swings into spring with jump in home sales, prices The Illinois housing market had a strong showing in March with home sales climbing 9.6 percent over previous-year levels and the statewide median price surging 10.7 percent higher,according to Illinois REALTORS®. Statewide home sales (including single-family homes and condominiums) in March 2017 totaled [...]

By | July 20th, 2017|Acquisitions, Borrower News|0 Comments

Housing recovery lags other big metro areas

Housing recovery lags other big metro areas Of the nation's ten largest metro areas, Chicago has the smallest share of homes that have recovered to their pre-recession peak values. The culprit: Chicago's slow growth in three inter-connected spheres—jobs, income and population—relative to the other big cities. Just 7.6 percent of the homes in Chicago area [...]

By | July 6th, 2017|Borrower News|0 Comments

Market Value And Security For Your Loan

Market Value And Security For Your Loan By Kimberly Hoffman The market value of the Property is critical to your decision to lend your funds or purchase a promissory note because there is a possibility that the only way to recover your investment is through the sale of the Property. Therefore, the market value of [...]

By | November 23rd, 2015|Borrower News|0 Comments

How To Write A Letter of Explanation

How to write an letter of explanation Mortgage underwriters require a letter of explanation from applicants that have derogatory marks on their credit report. Deed in lieu of foreclosure, collection accounts, late payments as well as other irregular items such as large purchases can affect your credit report.  A letter of explanation to underwriters is [...]

By | September 25th, 2015|Borrower News|0 Comments