Blogs about: Real Estate Purchases
Featured Blog
One man's mortgage meltdown
I love the NY Times web site’s most emailed list. It was there that I clicked on a story called My Personal Credit Crisis. The story was actually a book excerpt from Times writer Edmund Andrew’s new b… more →
Law News
The Quirks of Buying a Fannie Mae Foreclosure
tfsammons wrote 1 month ago: Fannie Mae is perhaps the most difficult seller of foreclosed homes. Fannie Mae and Freddie Mac own … more →
Short sale vs. foreclosure
tfsammons wrote 2 months ago: I was reading this great Wall street Journal article on “Are distressed homes worth it? … more →
Cook county real estate taxes coming soon
tfsammons wrote 2 months ago: Rumor has it that the second installment of 2008 taxes will be issued around November 1, 2009 Octobe … more →
Spot approval goes away next month for FHA condos
tfsammons wrote 3 months ago: In order to obtain FHA financing, a condo building must be FHA approved. This meant that the buildin … more →
Say goodbye to 30-day closings due to new regs
tfsammons wrote 3 months ago: As if the closing process was not difficult enough already, a new set of Truth in Lending (TIL) and … more →
How to get $8k tax credit asap
tfsammons wrote 4 months ago: This year, most closings are first-time buyers. They are eager to get the $8000.00 tax credit for fi … more →
FHA buyers can get downpayment from IL
tfsammons wrote 4 months ago: Illinois will offer $6,000.00 interest free loans that can be used as a downpayment by first time bu … more →
FHA lenders now allowed to make loans for $8k tax credit
tfsammons wrote 6 months ago: This just in. The first time buyer tax credit of up to $8,000 is officially “monetized.” … more →
One man's mortgage meltdown
tfsammons wrote 6 months ago: I love the NY Times web site’s most emailed list. It was there that I clicked on a story called My P … more →
Cook Co. predatory lending database protects FHA buyers
tfsammons wrote 7 months ago: It’s turning out that first-time buyers, who obtain FHA loans, have a friend in the much-criticized … more →
FHA loans make up more than 30% of market
tfsammons wrote 8 months ago: FHA loans, typically sought by first-time buyers, have gone from 3% of the mortgage market to more t … more →
Ch. 13 can remove second mortgage
tfsammons wrote 10 months ago: Bankruptcy filings are on the rise. A homeowner can remove a second mortgage in a chapter 13 bankrup … more →
Newsweek: Can Facebook save real estate market?
tfsammons wrote 10 months ago: Newsweek article on real estate agents using Facebook. … more →
4% refi is gone
tfsammons wrote 10 months ago: Refinances are up, but only for the well-to-do. You need a FICO of 720 or more and at least 20% equi … more →
How to buy real estate at the sheriff’s sale
tfsammons wrote 10 months ago: Over the years, clients have called to ask how to buy foreclosed real estate at a sheriff’s sale (Th … more →
Mortgage lender fires her client
tfsammons wrote 10 months ago: Interesting tale of how a lender fired her client for requesting a “double lock” on his … more →
Closing volume has nowhere to go but up
tfsammons wrote 11 months ago: The Illinois Association of Realtors keeps real estate closing statistics. Read ‘em and weep… In th … more →
First-time buyer tax credit questions answered
tfsammons wrote 11 months ago: There is a tax credit of $7500 to first time buyers. This site answers any and every question you mi … more →
How to create an Illinois Series LLC
tfsammons wrote 11 months ago: A few years ago, Illinois authorized the Series Limited Liability Company (LLC). A Series LLC is use … more →
