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Plainfield, IL Real Estate News

By Michael Knecht
(Charles Rutenberg Realty)
 Currently for Sale   ComparablesMLS #StatStreet #Str NameList PriceSold PrClsd Dt# RmsBedsBathsList Mkt TmMkt Tm05014515PCHGLOT 63GRANDE POPLAR CIRCLE$301,990  1042.166566504033941ACTVLOT102GRANDE POPLAR CIRCLE$341,990  1042.11007100706003995ACTVLot 28GRANDE POPLAR CIRCLE$355,990  732.131431406323023PCHG12911GRANDE POPLAR CIRCLE$375,999  944.1202006291485PCHG26830basswood circle(lot27)$376,950  1042.1505006301606ACTV12729GRANDE POPLAR CIRCLE$377,500  1042.14211006090181ACTV12725Grande Poplar Circle$380,000  1044.122822804033982ACTVLOT 61GRANDE POPLAR CIRCLE$396,280  1042.11007100706287520ACTV26724LINDENGATE CIRCLE$398,500  943.15417406100858ACTV12921Alpine Way$399,000  842.121921906328944ACTV26422Silverleaf$399,800  10431332505225367ACTV13027GRANDE POPLAR CIRCLE$404,841  1042.143643606...
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By Michael Knecht
(Charles Rutenberg Realty)
Don't be fooled by all the press...I think this Spring we will have a strong market!
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By Michael Knecht
(Charles Rutenberg Realty)
While the stock market can be quite volatile, real estate has proven to be a stable investment over the years. According to the US Department of Housing and Urban Development, real estate prices had an average increase of 56% over a five-year period. Forbes reported an increase of 247% over the last 25 years. However, times are beginning to change. In fact, the national rate of real estate appreciation has had its most significant decline since the fourth quarter of 1999. With this in mind, perhaps now is a good time to begin evaluating your financial needs for the future. If you were already thinking about utilizing your home's equity to consolidate debt, save for college tuitions or retirement, or even for additional real estate and other investments, contact your mortgage professiona...
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By Michael Knecht
(Charles Rutenberg Realty)
The Year in Home LoansGlancing Back & Looking AheadThe holiday season is a perfect time to pause and reflect on the year gone by. Likewise, it provides us with an opportunity to set our sights on the year ahead. Believe it or not, this combination of observation and foresight also applies to the world of home loans. In the spirit of the season, YOU Magazine turned to mortgage market forecaster, Bill Dallas, CEO of Ownit Mortgage Solutions in Agoura Hills, CA, for an overview of 2006, as well as a preview of what to expect in the weeks and months ahead. Homeowners & Homebuyers Are WinnersOver the past year, consumers seeking a home loan have been treated to an ever-increasing array of mortgage products. Not only do these programs offer greater flexibility when it comes to qualifying for ...
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By Michael Knecht
(Charles Rutenberg Realty)
 Steer Clear of FHA Financing:Dealing with Investors Who Seek Quick ProfitsIn a recent article, top mortgage originator and national trainer Greg Frost noted that hyper-appreciation of property values in Albuquerque, NM had drawn attention from many out-of-state investors in the last year. The area saw an influx of savvy investors ready to bid on HUD Repos and other affordably priced single-family dwellings.Frost warned mortgage originators and Realtors® to be wary of investors who try to represent themselves as owner occupants in this type of situation. They may seek to obtain 97% FHA financing, even though their real mission is to turn around and sell for a quick profit. Not only does the lender lose their investment due to the rapid pre-pay in this type of transaction -- The Governme...
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