Reginald Avent,Realtor

Selling your Home on the internet:Chicago,IL South Suburbs

Reginald Avent,Realtor — Tue, 16 Feb 2010 01:02:00 GMT

I believe in today's real estate market clients need major Internet exposure in order to sell their properties in a timely manner!

When you are buying or selling property in today's real estate market, its important to have confidence in your real estate professional. I have been a member of the National Association of Realtors for over 10 years and I am committed to providing my clients with the specialized real estate services they have become accustomed to. Past clients have often described me as very dedicated, experienced and friendly. Choosing a Realtor is an important decision. Working with me, I truly believe you will find that I am...Highly Motivated!

I am committed to keeping my clients informed on new trends in the marketplace using the latest cutting edge technology and statistics in your local area.
My investigation skills are phenomenal, and many people would not believe the amount of information that can be obtained from just one simple address.
Strategies for your property that will set me apart from other Realtors:
1. listing your home on the #1 real estate website in Illinois http://www.regavent.com/
2. Writing a detailed blog for your Property and circulating it on the Internet for all to see and comment.
3. Creating a detailed listing Brochure designed with entreprenuers in mind and actually passing it out to business owners in the community.
4. Placing a classified add in the READER Newspaper and it's syndicated website http://classifieds.chicagoreader.com/chicago/

Communication: I will listen to your needs, then organize and act based on those needs, and negotiate the best possible transaction for you.

Getting Started

1) First, we sit down together at your home and have an in depth discussion about your home and your future plans. I will also ask you for a tour of your home.

2) I will offer suggestions regarding what you can do to make your home more show-able to perspective buyers.

3) I will present you with a comparative Market analysis of your Property.

4) After deciding a reasonable selling price and filling out all necessary paperwork your home's real estate listing will be submitted to our MLS to be shared with all Realtors in Northern Illinois, and also to http://www.realtor.com/
Market Updates. Through out your listing period I will review with you changing market conditions including but not limited to area property price changes, pending sales, closed units, etc... Based on the results of this information we will discuss listing strategies for your home.

In addition to listing your property on the MLS, your home will also be listed on http://www.regavent.com/ & over 700 other websites.

My webhost is also syndicated with the following sites, which means your listing will appear simultaneously on these sites as well.

Listing Syndication

Point2 will advertise this listing automatically on the following sites:

	Point2Homes.com Free Syndication
	point2homes.com
	GoogleBase Free Syndication (Beta)
	maps.google.com
	Yahoo! Classifieds Free Syndication (Beta)
	realestate.yahoo.com
	The Real Estate Book Free Syndication (Beta)
	http://www.regavent.com/OFFICE/Listings/www.therealestatebook.com
	FrontDoor Free Syndication (Beta)
	http://www.frontdoor.com/
	Zillow Free Syndication (Beta)
	http://www.zillow.com/
	Oodle Free Syndication (Beta)
	oodle.com
	Homescape Free Syndication (Beta)
	http://www.homefinder.com/
	vast.com Free Syndication
	http://www.vast.com/
	Clickable Directories, Inc. Free Syndication
	clickablecitydirectory.com
	The Housing Pages Free Syndication
	http://www.regavent.com/OFFICE/Listings/www.thehousingpages.com
	HouseLocator.com Free Syndication
	http://www.houselocator.com/
	HomesZ Free Syndication
	http://www.homesz.com/
	PropertyShark.com Free Syndication

	Kazork Free Syndication
	http://www.regavent.com/OFFICE/Listings/www.kazork.com
	RepeatProperty.com Free Syndication
	http://www.repeatproperty.com/
	kneedl Free Syndication
	http://www.regavent.com/OFFICE/Listings/www.kneedl.com
	Realty Showcase Free Syndication (Beta)
	http://www.realtyshowcase.tv/

Reginald D Avent,Realtor 773-401-6872

Home Seller Reports

	Determine the Right Selling Price for Your Home When you’re selling your home, the price you set is a critical factor in the return you’ll receive... Read More
	Selling Your Home: Where do you begin? Now that you're selling your home, you'll need to look at it as if you were buying it all over again... Read More
	Avoid the Most Common Selling Mistakes There are some common errors that can be avoided when you are selling your home. I want to make sure you are well informed... Read More
	The Sweet Smell of a Successful Sale Remember that potential buyers want to imagine themselves calling your house their home... Read More
	The Best Way to Sell Your House...Get Lost! When you are showing your home, the best thing you can do is to make yourself scarce... Read More

Chicago IL Bank Owned Foreclosures-South Suburbs Homes For Sale

Reginald Avent,Realtor — Tue, 19 Jan 2010 12:17:00 GMT

A record 2.8 million U.S. properties received foreclosure notices in 2009, up 21 percent from 2008 and up 120 percent from 2007, according to the RealtyTrac 2009 Year-End U.S. Foreclosure Market Report, released Thursday. But as bad as that sounds, RealtyTrac CEO James Saccacio believes it could have been worse if not for foreclosure-processing delays that occurred during the year.

“As bad as the 2009 numbers are, they probably would have been worse if not for legislative and industry-related delays in processing delinquent loans,” Saccacio said in a press release, “After peaking in July with over 361,000 homes receiving a foreclosure notice, we saw four straight monthly decreases driven primarily by short-term factors: trial loan modifications, state legislation extending the foreclosure process and an overwhelming volume of inventory clogging the foreclosure pipeline."

Nevada, Arizona and Florida posted the three highest state foreclosure rates for the year, and the four states with the largest foreclosure numbers -- California, Florida, Arizona and Illinois -- accounted for more than 50 percent of the national total in 2009. previously posted Thursday, January 14, 2010 2:18 PM by Helen Oliveri.

Foreclosures Chicago,IL South Suburbs

Free Reports Emailed

Mortgages

Home Buyer Tips

REO'S Forclosures

Inspections

Chicago Public Schools

Specialization:
I specialize in representing my clients in the purchases and sales of single-family residences and income property within the cities of :

Blue Island Burnham Chicago Calumet City Country Club Hills Crestwood Crete Dixmoor Dolton East HazelCrest Evergreen Park Ford Heights Flossmoor Glenwood Harvey Hazel Crest Homewood Lansing Lynwood Markham Matte son. Midlothian Oak Forest Olympia Fields Park Forest Phoenix RichtonPark Riverdale Robbins Sauk Village South Chicago Heights South Holland Steger Tinley Park University Park

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Obama's Stimulus Bill effects Chicago,IL & South Suburbs

Reginald Avent,Realtor — Mon, 20 Apr 2009 17:05:00 GMT

Economic Stimulus Information

Posted by Finance Department

March 19, 2009

On February 17, 2009, President Obama signed into law the American Recovery and Reinvestment Act of 2009. The "stimulus bill" represents the latest and largest effort by the federal government to boost the deteriorating economy. The ARRA's purpose is to preserve and create jobs and promote economic recovery by providing needed investments in transportation, environmental protection, and other infrastructure projects that will provide long-term economic benefits.

Mapping the stimulus money

Chicago-area residents to see major road improvements and a slight increase in their take-home pay

By Mike Dorning | Tribune staff reporter April 12, 2009

The struggling U.S. economy is getting a $787 billion shot in the arm from a stimulus package designed to keep people working and money flowing. In the Chicago area, we're likely to see the effects of the plan when we maneuver past roadwork and when we look at our paychecks.

Two months after President Barack Obama signed the stimulus bill, the package is beginning to take shape. More than $50 billion in grants and projects have been approved, said a White House official who declined to be identified.

In Illinois, said U.S. Transportation Secretary Ray LaHood, "You're going to see an enormous number of people building roads and bridges, starting as soon as the weather breaks."

But the biggest slice of the stimulus plan has been more than $24 billion in grants to state Medicaid programs to help keep afloat state health insurance plans for the poor. And the U.S. Department of Health and Human Services also has approved grants of $492 million to community health clinics around the country, said Nick Pappas, a spokesman for HHS.

Below are links that provide more detailed information on the stimulus bill, including information on direct stimulus opportunities for individuals and businesses.

WEBSITES WITH MORE INFORMATION

Official White House web site tracking the use of stimulus funds
www.recovery.gov/

Tax Incentives and Grant Opportunities in the Stimulus Bill

IRS Information Related to the American Recovery and Reinvestment Act of 2009
www.irs.gov/newsroom/article/0,,id=204335,00.html?portlet=6

National Association for Home Builders
www.federalhousingtaxcredit.com/

Small Business Administration Website
http://www.sba.gov/localresources/district/ca/la/index.html

U.S. Department of the Treasury
www.ustreas.gov/

Illinois State Treasurer
www.treasure.il.gov/

The Federal Government website for finding and applying for federal grants
www07.grants.gov/

Other Government Sites with Economic Stimulus Information

U.S. Department of Housing & Urban Development
www.hud.gov/recovery/

U.S. Department of Energy
http://apps1.eere.energy.gov/wip/

U.S. Department of Labor website
www.dol.gov/

State of Illinois - Illinois Recovery
http://illinois.gov/recovery/

Other Organizations offering Economic Stimulus Information

The National Council of Nonprofits website
http://www.councilofnonprofits.org/stimulus

National League of Cities
http://www.nlc.org/

THOMAS, the Library of Congress' website
http://thomas.loc.gov/

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Foreclosure Vs Short Sale Chicago,IL South Suburbs

Reginald Avent,Realtor — Fri, 18 Jul 2008 17:22:00 GMT

Real Estate Short Sale

Do you owe more than your home is currently worth and you need to sell your home? If so a real estate short sale may be the service you need.

What is Short Sale?

A real estate short sale is when you owe more than your properties current value and you need to sell. In a typical situation, your mortgage lenders would require you to come in with the difference in the amount owed. A real estate short sale is where we negotiate with your lenders to accept a pay-off that is less than you currently owe and you do not have to pay the difference.

What is Required for a Real Estate Short Sale?

In order for us to get a real estate short sale accepted for you, we first must list your home for sale. During the listing period, you will need to provide the following documents to us so that we may package a real estate short sale request to your existing mortgage lenders.

Documents required for Real Estate Short Sale

Please gather the following:

	Last two years tax returns with W-2's and any tax schedules
	Most recent two months of paystubs
	Most recent two months of bank statements for all your accounts, including retirement accounts, 401k.
	Current mortgage payment coupons for existing mortgages
	Copy of original mortgage note and deed of trust

With these documents we create a package as to why you require a real estate short sale and submit this to the appropriate department at your lender, once we have an accepted purchase offer for your home.

Who can Qualify for a Real Estate Short Sale?

Typically, the mortgage lenders will only accept a real estate short sale if you are at least one month behind on your mortgage payments, have a ready and willing buyer and you are unable to debt service all of your existing liabilities. Also, if you financial situation has changed and you are currently making less money than before and you have no more savings, you most likely qualify for a real estate short sale. This is the reason why we need to above documents to paint a clear financial picture of your current situation.

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Understanding Your Credit Report (FICO SCORE) Please Read!

Chicago's FREE Foreclosure Auction schedule.

How To Avoid Bankruptcy, What you don't know will "HURT" You!

Search for Homes (Have Listings Emailed to you Daily)

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Money Matters: More Lenders Go Bankrupt, More Are Going Down!

Reginald Avent,Realtor — Wed, 08 Aug 2007 12:48:00 GMT

Before you read the blog, I'd like to share a story with you: I have a friend who checked her credit 2 months ago and her score was 665 (very good score). She was approved for a loan up to 140,000 and

began shopping for a home. She had an out-standing cell phone bill for over $200, which she figured she

would pay after she moved into her new house, so she could keep the extra cash on hand. (Bad Decission) the cell phone company reported her non payment to the credit agency and her score dropped well below the thresshold the lender was willing approve. She was late with a couple of other payments and her score dropped below 620. (Not Good). With more and more Lenders going Bank-Rupt every day,

what used to be a good score (620) is now not so good, as far as interest rates goes. Many Lenders are looking for credit scores of 660 and higher to be eligible for "REASONABLE RATES".

"PLEASE CHECK YOUR CREDIT REPORT ON A REGULAR BASIS"

I know you are probably wondering, How fast does my credit (FICO) score change?

Your FICO score can change whenever your credit report changes. But your score probably won't change a lot from one month to the next. In a given three month time period, only about one in four people has a 20 point change in their FICO score. While a bankruptcy or late payments can lower your FICO score "FAST", improving your FICO score takes time. That's why it's a good idea to check your FICO score 6-12 months before applying for a big loan, so you have time to take action if needed. If you are actively working to improve your score, you'd want to check it quarterly or even monthly to review changes.

City Leaders,Churches, Congressman, Demand Home Foreclosures Stop!
**Live Video: Politicians, Community Leaders, speak there mind:>>LISTEN>>>>
Understanding Your Credit Report (FICO SCORE) Please Read!
Chicago's FREE Foreclosure Auction schedule.
How To Avoid Bankruptcy, What you don't know will "HURT" You!
*Search for Homes (Have Listings Emailed to you Daily)***

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It may seem like private lending institutions like banks never make financial mistakes. But the sad fact is that these institutions are run by individuals, and occasionally a mortgage lender or bank will run into troubles and might even go bankrupt. If you have an outstanding mortgage and the lender goes bankrupt, what happens to your mortgage? Unfortunately, your obligation to make payments will not disappear. When a company goes bankrupt, their assets are transferred somewhere else, and like many material assets, an outstanding mortgage is also worth something.

Odds are, your outstanding mortgage will be transferred to another company or private lender, and after the bankruptcy your payments will go to the new lender. Keep in mind that your original lender is required by law to inform you of this, and they must provide you with the name and information of your new lender. Be wary of anyone claiming to be your lender and demanding money, as that too could be a scam. Always check with your mortgage lender before sending payments somewhere new.

By Dan Seymour
Associated Press -- The dream of owning a home is fading away for many Americans with less than stellar credit.

On Tuesday, HomeBanc Corp. said it will not issue any more loans, and Impac Mortgage Holdings Inc. shut down a type of loan called "alt-A" for people with limited documentation or slight credit issues.

That followed bankruptcies for two of the country's biggest home lenders -- American Home Mortgage Investment Corp. and New Century Financial Corp. -- and tighter terms at most other lenders that are thus far surviving a shakeout in the industry.

"Every day I hear about a number of lenders that are reducing their products," said George Hanzimanolis, president of the National Association of Mortgage Brokers. "It is going to take a while before the dust settles."

Stocks of many surviving lenders are at multiyear lows, and it is common to find shares in the industry that have lost 90 percent of their value in the past six months, or even weeks.

The shocks to the industry are siphoning lenders and cash away from the market, which reduces competition and restricts people's access to home loans.

Hanzimanolis said lenders have raised the minimum credit score that qualifies for financing. Most lenders now require bigger down payments, he said, and they are eliminating exotic loans or making it more difficult to qualify.

The silver lining is that people with good credit who can document their income have the same access to home loans as they did a year ago.

Submitted by Lars Toomre

This morning in a filing with the Securities and Exchange Commission, New Century Finance indicated that substantially all of its short-term creditors are cutting off credit. The filing indicates lenders under its short-term repurchase agreements and aggregation credit facilities had either discontinued their financing or notified the company they plan to do so. These firms are said to include Morgan Stanley, Goldman Sachs, Citigroup, Bank of America, Barclays and IXIS Real Estate Capital.

What is the total amount of short-term funding being pulled? Oh, about $8.4 billion or so… Of course, much of it is collateralized by either sub-prime mortgage loans or New Century's right to service existing mortgage loans. These sub-prime mortgage loans used as collateral include those that already have defaulted, those that have been put back to New Century for not meeting certain terms and conditions of pooling agreements for various mortgage securitizations, those that recently have been originated, and those that are in the pipeline for various securitizations. One has to wonder just how much of a discount to par these loans eventually will be sold for.

One way lenders protect themselves is to demand that their loans be over-collateralized. Such a credit facility might require 105-150% in current assets to secure or collateralize each dollar in short-term debt. Assuming that the homeowners pay the mortgage servicing company in a timely basis, and that the mortgage servicer then passes on the aggregated principal and interest payments to the rightful owners, there is sufficient funds available each month to service the short-term debt.

The over-collateralization protects the lenders against a sharp decline in the value of the assets backing their short-term loans. Say the loan required 125% over-collateralization, the underlying assets would need to decline to less than 80% of face value before full repayment of the principal balance was impaired. Of course, if the loans were to stop paying principal and interest, the expense of short-term funding costs would need to be factored in and the impairment point may rise to 85%, 90% or even higher.

Fraud has always been an issue in the origination of mortgage loans. As a result, securitization and short-term funding vehicles have long been suspicious about whether a newly issued loan is real. As a result, the terms and conditions documentation almost always requires that an originator of a loan (generally the seller) repurchase the loan during some period following its sale if something materially wrong is found in the loan documentation or the loan does not make its required nth number of payments.

These loan repurchase obligations in the terms and conditions documentation have been the source of much of the recent stress sub-prime originators have recently experienced. With these lenders falling or failing more and more quickly, Wall Street and the banks shortly will not have any sellers to put the non-performing loans back to. The interesting question then is what will "poorly originated" sub-prime mortgages really be worth? Is the correct bid 50%, 60%, 70% or 80% of each dollar of principal?

Toomre Capital Markets LLC foresees more pain ahead. With this news today about the second largest sub-prime originator being cut off from short-term funding, Wall Street and other short-term lenders, their hedge fund clients and various CDO investors are about to experience another downward leg in the correction of the 2001-2006 real estate market excesses. How far is left to go? That is anybody's guess. speculation is that the mortgage market is only about a third of the way through the correction to equilibrium. Reader's comments and thoughts are welcome.

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