OK and Associates Realty Plus's (realtyplus) Blog

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Real Estate Broker/Owner - Northern Illinois Real Estate
mchenry news, mchenry market, homes for sale in mchenry, Northwest Suburbs, Crystal Lake Real Estate, Woodstock real estate
RECENT BLOG POSTS
Fannie Mae is changing their policy to allow renters to stay in properties long term by signing new leases directly with the GSE.   This might be a good way to keep some forclosures off the market.   New policy goes info effect Jan 9 Fannie Mae will become landlord for some 4000 people with new l...
12/15/2008
There's a news story on CBS's 60 minute website, reported by Scott Pelley, about another wave of foreclosures in the coming year.    There are NOT subprime mortgages, we are talking about ARMs and Alt-As.  Long article, but a good read.  There is also a video.   Link to story    
12/15/2008
Well, you already are if you live in McHenry, IL through your property taxes.  I don't think that's too big of an amount.  I pay 20 just for Netflix.  I do use the library but not as much as I should.  Just saw this in the McHenry Pubic Library District newsletter.  They estimate the service popu...
12/14/2008
 Here's a couple of new logos for some of Americas biggest corporations, for after the crisis:  I think they may be the only one of the big three doing ok!     Maybe someone can make some new real estate logos...     15 total at with bonus "Sub Prime Primer Comic": The Business Pundit Site  
12/14/2008
28% increase in forclosurs nationwide over last November.  However, there is a 7% decline from October. Link to heat map Realty Trac VP   Realty Trac CEO not optimistic about future: "Foreclosure activity in November hit the lowest level we've seen since June thanks in part to recently enacted la...
12/14/2008
The number of closed properties in McHenry county dropped to 162 for the month of November 2008.  It was 264 in November 2007.  That's a year-over-year 39% drop in closings. In November 2006, there were 380 closing which makes a 57% drop in closing for November 2008. It hasn't been looking good, ...
12/13/2008
Link to HUD site  On the east side of the Fox River.  Will it ever sell?? It does qualify for a FHA 203k loan for up to 35k extra for repairs.   709 POKAGON TRL, ALGONQUIN IL 60102 (MCHENRY) Price:  $151,200  PRICE REDUCTION As-Is Value:  $168,000 Bed/Bath:  3/1.5 Sqft:  1274 Year Built:  1956 FH...
12/13/2008
Link to HUD property  A 1/1 in Cary, IL built in 2003.   Closer to Crystal Lake than to Cary near Oakwood Hills   Address:  6417 W RAWSON BRIDGE RD, CARY IL 60013 (MCHENRY) Price:  $129,500  NEW LISTING As-Is Value:  $129,500 Bed/Bath:  1/1 Sqft:  728 Year Built:  2003 FHA Financing:  IE 203K Eli...
12/13/2008
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2 homes that I own that are now up for sale.   The first is in McHenry.  It's a 3/1.5 in Winding Creek Subdivision on a huge lot.  I love the back yard.  Completely remodeled inside.  It even has it's own website: www.211huntingtiondr.com   The second one was a complete restoration.  Everything i...
12/12/2008
Reported in the Northwest Herald: http://www.nwherald.com/articles/2008/12/10/75013390/index.xml   Anyone that lives in the following townships can apply for the appointment: Burton, Coral, Dunham, Grafton, Greenwood, Hartland, Hebron, Marengo, McHenry, Riley, or Seneca   Applications can be down...
12/11/2008
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