Chicago Area Real Estate by RisaWeiss.com

Recent Blog Posts

  • Interest rates are expected to rise significantly within months - January 31, 2010
    Interest rates are expected to rise significantly within months. Low mortgage rates coupled with the $6,500 and $8,000 tax credit is a phenomenal opportunity that's [..]
  • Watch Me Tonight on HGTV's House Hunters - January 12, 2010
    Watch as soon to be newlywed Ryan and Kristin look for a condo with tons of space at an affordable price point tonight on HGTV's House Hunters.  Ryan and Kristin are a funny [..]
  • Weekly Mortage Rates - November 13, 2009
    Mortgage rates have remained stable this week.  Now is a great time to buy real estate! 30 Year Conventional - 4.875% 15 Year Conventional - 4.375% 30 Year FHA - [..]
  • Frequently Asked Questions - Homebuyer Tax Credit Changes - November 11, 2009
    Here are some of the most frequently asked questions on the changes to the Homebuyer Tax Credit. Question: Existing homeowner credit: Must the new house cost more than [..]
  • Buying a Home in a Short Sale - October 17, 2009
    I recently had someone inquire about purchasing a new home on a short sale basis, and he wanted some tips and advice. For those who don't know what a short sale is, it is when the value of the property is less than the mortgage and notes being held against it. Short sales started popping up in the marketplace with regularity in 2007, and since then, have spread like a cancer. With the beating the real estate market has taken recently, it's a fairly common situation now. Since the short sale is now so prevalent, I figured I'd share my advice with everyone, since it could benefit a lot of people. Here are my short sale purchase tips, in no specific order...
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Chicago Area Real Estate by RisaWeiss.com