Abe Loper's (chicagoabe) Blog

  Let's face it.  Everyone on here says that Customer Service is their primary focus.  If you've been in our industry long enough to earn your stripes then you know that, statistically, that's just not anything close to true.  I don't know who's lying or just mistaken, but there are too many bad ...

If you live in Cook County: House Bill 4050 will affect YOU, requiring mandatory mortgage counseling at a cost of $300, if you refinance or purchase a home that falls into any of the following categories:  1. All first time homebuyers.  2. Anyone refinancing a primary residence.  3. Anyone obtain...

If you live in cook county, or know anyone who does, please email this to them, AND READ IT - it's crazy what the governor is trying to do. Thank you, Beth   PLEASE PASS THIS ON TO EVERYONE YOU KNOW WHO LIVES IN COOK COUNTY- They are going to enact the law very quietly so that the screaming doesn...

 I've written about HB4050 in the past.  "HB" stands for House Bill and if you want to know a little more information than I'm including in this blog, feel free to refer back to my previous blog on the topic.  Here's what I've learned, in a nut shell.There are bad people in the world.  Some of th...

Tax season is here.  So is the busy season for real estate professionals.  This being the case, I always try to get my taxes done ASAP.  That means that I get them in by the end of January and I get my return by the middle of February.  This way, I have more of my CPA's attention and I'm not kill...

I mentioned in my last blog that I was able to get a rate of 5.875% on a 5yr ARM for a client of mine. I thought that was pretty amazing considering the market. But get this....I just got a client a 5.75% on a 30yr fixed loan. Yeah, I know. That's insanity. Mind you, he put 20% down, but it's sti...

Hey friends, It's been a while since I last blogged. I've been waiting for something of note to blog about. Well, tonight I thought I'd let you all in on a little secret, just in case you hadn't heard the news. MORTGAGE RATES ARE VERY FAVORABLE RIGHT NOW Now, before you run out and buy a house ju...

There's a very simple answer.  I don't much like banks.  And, did you know, that banks often get paid twice on the properties that they have foreclosed on?  It's absolutely true.  When a borrower defaults on a loan, banks that are members of FDIC get paid an insurance settlement for the loss.  Th...

Ok, so I just read a blog (on another site) that was posted by a certain Hawaiian friend of mine that was warning against Alligator Property.  It's a great blog.   In it, he explains how an Alligator Property is basically a property that you buy, thinking you're going to have positive cash flow, ...

     Sure, it could be the brokers, and we are likely to take the brunt of the blame.  But the rality is, it's not us.  Brokers were around 10 years ago when foreclosure rates were lower.  I know that there bad brokers out there.  I got swindled by one when I baught my frist house.  They may aggr...