Insurance Archives | Chicago Real Estate Reader

Fannie Mae foreclosures are great for owner occupants and investors.

Most of the homes qualify for HomePath financing which in my opinion is one of the best loans for first time buyers looking to buy a foreclosure in the Chicago area.

Here are some of the benefits for HomePath financing:

As low as 3% Down Payment…the down payment can be from you, a gift, or a loan from a down payment assistance program too.

Less Than Perfect Credit is OK

No Appraisals Are Required for HomePath Financing

No Monthly Mortgage Insurance

The First Step is Getting Approved for HomePath Financing and You’ll be on Your Way to Finding a Great Chicago Foreclosure Deal in NO Time!

Call or Text 312-217-4354 to Get Started

What Documents Do You Need For A Short Sale…Checklist

These are documents that a realtor needs in order to start the short sale process. Remember not all homeowners qualify to short sell their home, with these documents a determination can be made as to whether or not you are eligible.

PROOF OF INCOME(PAYSTUBS,SOCIAL SECURITY AWARD LETTER,PROFIT AND LOSS STATEMENT IF SELF-EMPLOYED)
MOST RECENT MORTGAGE STATEMENTS BOTH FIRST AND SECOND
ALL LETTERS RECEIVED FROM LENDER/SERVICER
2009 & 2010 TAX RETURNS
COPY OF UTILITY BILLS
REAL ESTATE TAX BILLS
PROOF OF HOMEOWNERS INSURANCE
TWO MOST RECENT BANK STATEMENTS
HARDSHIP LETTER

If you have any questions about the short sale process and eligibility send email to: shortsales@ILbankhomes.com

Why a Fannie Mae Foreclosure in Chicago?

Call or Text 312-217-4354 to Get Started

Goran Utvic