Chicago Real Estate

Should You Brace For A Potential Market Downturn Next Year?

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by Kurt Clements Don’t panic, a looming recession may be good news for those wanting to sell their homes in Chicago and the Chicago suburbs. The experts say this recession may happen in 2020, so there is still plenty of time to make plans for how to deal with a potential economic downturn. In many parts of America, especially in popular …

South Side Chicago Real Estate

Loan Servicing Companies

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by Kurt Clements What happens when you suddenly get a notice to pay your mortgage to a company you may have never heard of? How do you determine if this is a legitimate request or a scam?  This happens all of the time to our South Side Chicago homeowners. A borrower may get a written notice or an email that their …

South Side Chicago Real Estate

5 Ways To Find Properties For Sale That Are Not Listed Yet

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by Kurt Clements Real estate agents in the South Side of Chicago, who are successful, know that getting listings is the life energy of their business. It is boring to sit around waiting for a new client to call. It is expensive to spend extraordinary amounts of money on general advertising to get listings. Clever real estate people learn how to …

South Side Chicago Realtor

Mortgage Challenges For Self-Employed Home Buyers

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by Kurt Clements Self-employed business ownership is alive and well in the South Side of Chicago.  This makes real estate purchases difficult for self-employed borrowers and frustrating for a south side Realtor like me.  It’s no secret that mortgage lending institutions look favorably on steady paychecks and positive debt-to-income ratios. That can leave many self-employed prospective home buyers feeling anxious about …

5 Creative Ways To Buy A Foreclosure

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by Kurt Clements Buying a foreclosed home in Chicago, especially the south side, is easy, right? After all, they sell for pennies on the dollar, right? Well, that could be a false assumption. Buying a foreclosed property appears easy on TV, but in reality, it can be overwhelming. Foreclosure sales continue to decline in the market from 38.6 percent in 2011 …

Foreclosure Rates Expected To Dip Below 12-Year Low

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by Kurt Clements The record-setting pace of the U.S. economy continues to positively impact the housing market and home foreclosures now stand at an astonishing 12-year low. As a Realtor in the South Side of Chicago the market continues to impress me too. Coming off a GDP growth rate of 4.1 percent and a historic bull stock market run, everyday Americans …