That's a tricky question.
It's hard to say why a bank would want to spend the money, there are so many variables to your relationship with them. I am a little surprised in that you have asked to go from a 10 year to a 30 year and they aren't willing to help out.
How long have you been paying on this mortgage? Is there any chance you can refinance through another lender?... more
Please feel free to contact me. I help investors all the time and can give you quite a few tips on this area.
RE Homes Source
If they're on the deed, then they're the owners. You'd be in a touchy situation: You'd be the one responsible for the mortgage (even if they're paying for it), but they'd own the property. That's generally not a good place to be.
Further, if the mortgage has a due-on-sale clause, if you transferred ownership to your son and daughter-in-law, you'd be in violation of the clause. Thus, technically, the bank could demand immediate payment of the entire mortgage. That's not too likely in today's market, but you should be aware of the possibility.
If you're doing it for estate planning purposes, don't do it without first checking with an estate planning attorney. There usually are better ways to transfer ownership (generally using a trust).
In any case, check with an attorney before doing anything.
Hope that helps.... more
This is the Crete Monee school district. 201U. See the website for information on that school district.
Let me know if you want to see this or other similar homes or have any questions about homebuying.
RE Marketing Consultants, Inc.
University Park is the nearest Metra station. It is the IC line and goes to Michigan Avenue in downtown Chicago. Same line goes through most south suburban area and can get downtown in about 1 hour.... more
Hi, Lots of buyers think because they buy a foreclosure for less than what other properties around them are selling for that the taxes will be adjusted. Keep in mind, that the assessor will be looking at houses "like" the one that you are buying and will keep the taxes in line with the neighborhood based on the type of house, land, etc. You can protest the taxes but there is no guarantee that they will be adjusted.... more
As a real estate agent I am blessed with access to a lot of information. I thought I would post a brief summary of the state of the market for my home town so neighbors, buyer's, sellers and simply
it's possible that the seller/listing agent are not "accepting" offers until 10 days after entry to the market, but there is no rule in place that says you can't make an offer on the first day!... more
I haven't hear of Longwood closing. I have lived in Crete for 16 years now. There is one in University Park that closed. As far as I know, I haven't seen anything about Longwood. Hope this helps.... more
I'm not sure whatever site is out there would even be accurate.
No one takes a "poll" at the end of a transaction on who and where the purchaser's were or where they came from.
Stat's on sales volume in an area in a particular year can be found through many National Association of Realtor's. Their websites have graphs & charts answering many statistical questions on the market.... more