Joliet, IL Real Estate News

By Marco Amidei
(RE/MAX Suburban )
Cumberland South, Joliet, Illinois - January 2015 About Cumberland South Cumberland South is a single family home subdivision built between the mid 2010's to 2012. Cumberland South is located in Joliet, Illinois east of County Line Road and south of Theodore Street. Average taxes in Cumberland South $4,583 Average association fees in Cumberland South $0 Average home size in Cumberland South 1,843 ft2 Average lot size in Cumberland South 0.25 acres Average year built in Cumberland South 2004 Photos of Cumberland South   Homes for sale in Cumberland South Address Beds Baths Built Price 6901 Riley Dr. 4 1.1 2003 $179,900 1319 Cumberland Dr. 3 2.0 2003 $197,500 1314 Cumberland Dr. 3 2.0 2006 $229,000 7010 Hadrian Dr. 3 1.1 2006 $149,000 7015 Monmouth Dr. 3 1.1 2003 $154,900 1400 Enborn Dr....
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By Marco Amidei
(RE/MAX Suburban )
6901 Riley Dr., Joliet, IL 60431 List Price: $179,900 Beds Baths Built Sq.Ft. Garage Taxes On Market 4 1.1 2003 1,850 ft2 2 $4,335 1 day Fabulous home w/so much to offer! 4 bedrooms! Large room sizes w/generous closets! Eat in kitchen w/stainless steel appliances! Super spacious family room! Master has tray ceiling & large walk in closet! Ceiling fans in all rooms! Full basement for you to finish, already plumbed for bath! Big fenced yard features paver patio & above ground pool w/deck! 2 car attached garage! This is one you'll want to see! Subdivision: Cumberland South MLS #: 08810215 Room Size Level Flooring 3rd Bedroom 13x12 2nd Level Carpet 2nd Bedroom 14x12 2nd Level Carpet Living Room 12x14 Main Level Carpet Family Room 24x13 Main Level Carpet Master Bedroom 14x14 2nd Level Carpe...
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By Marco Amidei
(RE/MAX Suburban )
6901 Riley Dr., Joliet, IL 60431 List Price: $179,900 Beds Baths Built Sq.Ft. Garage Taxes On Market 4 1.1 2003 1,850 ft2 2 $4,335 1 day Fabulous home w/so much to offer! 4 bedrooms! Large room sizes w/generous closets! Eat in kitchen w/stainless steel appliances! Super spacious family room! Master has tray ceiling & large walk in closet! Ceiling fans in all rooms! Full basement for you to finish, already plumbed for bath! Big fenced yard features paver patio & above ground pool w/deck! 2 car attached garage! This is one you'll want to see! Subdivision: Cumberland South MLS #: 08810215 Room Size Level Flooring 3rd Bedroom 13x12 2nd Level Carpet 2nd Bedroom 14x12 2nd Level Carpet Living Room 12x14 Main Level Carpet Family Room 24x13 Main Level Carpet Master Bedroom 14x14 2nd Level Carpe...
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By Marco Amidei
(RE/MAX Suburban )
Theodore's Ridge, Joliet, Illinois About Theodore's Ridge Theodore's Ridge is a subdivision of single family homes built between 2007 and 2012 by Pasquinelli and BNA Homes. Theodore's Ridge is located in Joliet, Illinois west of Ridge Road and north of Theodore Street. Average taxes in Theodore's Ridge $5,081 Average association fees in Theodore's Ridge $326 ($326 - $326) Average home size in Theodore's Ridge 2,120 ft2 Average lot size in Theodore's Ridge 0.00 acres Average year built in Theodore's Ridge 2013 Homes for sale in Theodore's Ridge Address Beds Baths Built Price 8206 Seward Rd. 4 2.1 2014 $259,990 8008 Limestone Ct. 4 2.0 2011 $199,900 8114 Seward Rd. 4 2.1 2014 $235,990 1612 Seward Rd. 3 2.0 2014 $197,990 8204 Seward Rd. 4 2.1 2014 $236,990 Sales Summary for Theodore's Rid...
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By Marco Amidei
(RE/MAX Suburban )
Thomas Jefferson Elementary School, Joliet, IL About Thomas Jefferson Elementary School Thomas Jefferson Elementary School is a K-5 school in District 202, and is located at 1900 Oxford Way in Joliet, IL. It services homes in Joliet and Plainfield. Single-FamilyHomes10 Condos &Townhomes0 Foreclosuresfor Sale1 NewConstruction9 AdultCommunities0 Homes for sale in the Thomas Jefferson Elementary School area Address Beds Baths Built Price 8206 Seward Rd., Joliet, IL 4 2.1 2014 $259,990 8208 Waterbury Dr., Joliet, IL 4 2.1 2005 $234,900 16412 Mueller Cir., Plainfield, IL 0 0.0 0 $39,850 25320 Wilson Ct., Plainfield, IL 4 4.0 2014 $449,900 8008 Limestone Ct., Joliet, IL 4 2.0 2011 $199,900 1612 Seward Rd., Joliet, IL 3 2.0 2014 $197,990 8114 Seward Rd., Joliet, IL 4 2.1 2014 $235,990 16410 M...
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
    New Mortgage Program Helps Those Suffering from Significant Adverse Credit Buy Again          In a continuation of a recent loosening of home financing guidelines, I now can offer "expanded programs" for Borrowers with Credit Scores (middle score) of 580 (FHA Loans) and 600 (Conventional Loans).     These new options apply to:       Purchase Transactions of 1-to-4 residential units ... for Buyers use as a Primary Residence (Owner-Occupied).     Allowances are made for Borrowers having suffered past major events such as: Bankruptcy Short Sales Foreclosures      This program's Waiting Periods are reduced from those of traditional programs.       Be aware:  There are several caveats to this program.  Those caveats include "Risk-Related" guidelines for Down Payments, Credit Scores, and ...
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
    Thanksgiving is a time for reflection.  What ... Who .. are you thankful for?   I know that I'm thankful for my family.  This Thanksgiving I'll look around the dinner table and be lucky enough to see my Mother, healthy and still enjoying life.  I'll also see my wife, our 2 sons, 2 wonderful daughters-in-law, and the bright and beautiful faces of our 3 grandchildren ... Henry, Marilyn, and little Eva Mae.    I'm also thankful for the business relationship you and I have established.  I'm grateful that we've had the chance to get to know one another and work together.  I hope you feel the same.   I send you my Best Wishes for a Thanksgiving filled with much joy and peace.  A day  surrounded by warmth, love, and all those you hold dear ...        How to Prepare for a Stress-Free Holida...
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
   Why Bank Statements and Verification of Funds Are So Important to Mortgage Underwriters     One topic ... one direction provided during the Mortgage Process that seems to baffle and frustrate my prospective home buyers during their Mortgage Process, surrounds the sourcing and documenting of Down Payment and Closing Cost Funds.       When I touch upon this portion of the Process I often hear the comment, "it shouldn't matter where the money comes from" from my Borrowers.  There also seems to be a mindset that their Earnest Money is something other than an initial portion of the Down Payment funds.           Well, it IS true.  Earnest Money IS typically a part of most real estate contracts.  It IS money provided by the Buyer upon the acceptance of their offer and terms for purchase of ...
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
Entering or Currently Navigating the Mortgage Process?   Don't Even THINK About it!   Follow the warnings found on my Flyer below             If hoping to Buy, Build, or Refinance a Home in the greater Chicagoland area, please contact me!  I'll put my 37 years of mortgage experience and expertise hard to work on your (or your client's) behalf.      Thank you!   Gene Mundt Mortgage Lender  -  NMLS #216987  -  IL Lic. #0006220 American Portfolio Mortgage Corp. NMLS #175656 Direct:  815.524.2280 Cell/Text:  708.921.6331 eFax:  815.524.2281 gmundt@goapmc.comwww.genemundt.com Click HERE for a FREE Mortgage Quote! Your Referrals are Greatly Appreciated!  
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
   Think You Can't Buy a Home in Chicagoland? 10 Facts That May Change Your Mind      I've found that Home Buyers looking to be Pre-Qualified  for a home loan purchase are sometimes quite surprised by their ability to successfully get a Loan Approval without having PERFECT credit.        To add to that (pleasant) surprise, they also find that they can obtain a Mortgage with just 3.5% down payment for a FHA loan, or even no (0%) down payment as a Veteran (VA Loan).  In certain rural areas, USDA-Rural Development Loans are also available with no down (0%) payment requirements.     Note:   It has been reported that Fannie Mae will soon begin authorizing Mortgages for Borrowers with as little as 3% down payment, according to a recent statement made by the company's President and CEO, Timoth...
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
    Did you have snow at your house this last weekend?  Don't know about you, but I'm not ready for it, at least mentally.  But yet, clocks were turned back, we ushered in the month of November, and dragged our winter coats out of the closet over the last week.  So ready or not, here comes winter and the upcoming Holidays!   Below you will find some activities, suggestions, tips, projects, and a recipe to help you prepare and manage the cold weather months to come.     Enjoy!         All The Important Things You Need To Know About Fire Safety In Your Home ...   It's that time of the year when the temperatures start to drop and you find yourself turning on your stove and cranking up the heat.   With all the fireplaces, heaters and stoves on full blast, it's especially important to be up...
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
 How to Make Your First Mortgage Payment                Inside Mortgage Finance News reported on October 28, 2014 ...       "Total mortgage-related complaints filed by borrowers with the Consumer Financial Protection Bureau fell again in the third quarter of 2014 – the fifth drop in the last six quarters, according to figures compiled by Inside the CFPB.      Data contained in the CFPB’s consumer complaint database show that such consumer gripes fell 17.6 percent in the third quarter of the year, and are now down 23.6 percent from the same period in 2013."     It's also been documented via the 2013 CFPB’s Consumer Response Annual Report, that:     "A full 26% of the complaints received that year surrounded the act of making Mortgage Payments ... i.e., loan servicing, making actual month...
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
Fewer Condominium Associations FHA Eligible             Recently, an agent that is a referral partner of mine contacted me regarding a listing of his that was a Condominium.  He had received an offer on the listing and the offer called for FHA financing.        This agent posed a question to me.  It was, "Can this condo development still go FHA and FHA financing?"        After doing some research on the property, I gave him my answer.  It was bad news ... "No".  Unfortunately, the Association's FHA Approval had expired well over 2 years ago.      My answer obviously frustrated this agent as he asked, "Why do so many of these Condo Associations let their FHA approvals expire?"       That's a great question.  There are several reasons this occurs: The recent downturn in the real estate ma...
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
  The Hidden Truths Within Bankruptcy Filings      We've arrived at an unique point in the world of home buying and financing.  It comes on the heels of several years of financial hardships, unprecedented foreclosures, and job losses.         These challenges faced have often lead to the filing of Bankruptcy.  What's been contained, or included, in these Bankruptcy filings, are referred to as "Schedules".          First of all, let's understand the "layers" and the timelines involved in a Bankruptcy.       First, there is a:  Filing Date.       That is followed by a:  Discharge Date, a date that's usually a few months after the Filing.      All waiting periods (time period required prior to being capable of gaining approval for a new Mortgage) required in the Mortgage Industry are based...
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
  School is in Session! The Benefits of Conventional Lending vs FHA         Mortgage Insurance is required on loans where a 20% down payment is not available from the Buyer/Borrower.        Since most all Conventional Loans in the traditional marketplace require a minimum of 5% down, (Note: I said 5%. You don't need a 20% down payment!) I'd offer that the statistics below show that Lenders are improving at getting this info out and educating potential Buyers.     Consider the following statistics: The volume of loans closed in the 3rd Quarter of 2014, WITH Private Mortgage Insurance, was UP nearly 30% from the previous quarter   Nearly 40% of all loans closed and sold to Fannie Mae/Freddie Mac in the 3rd Quarter of 2014 involved Mortgage Insurance, was up nearly 10% from just a-year- an...
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
         Below you'll find this week's news and info I thought you'd find of interest and use.         Please remember to keep your questions and suggestions for future email blasts coming!  I love hearing from you and your input is always greatly appreciated!     12 things you absolutely must do in Chicago this Fall ...        Sure, the end of summer sucks. But fall isn’t a bad consolation prize, especially when it's jam-packed with these 12 epic things to do during the season fancy people call "autumn" and less-fancy Thrillist writers call "your last chance at fun before the deep freeze sets in". MORE ...     Pumpkin Ideas for Your Front Door ...        It's that time of year again!  Here's a roundup of pumpkin ideas for your front door to help ready your porch for fall. (MORE ...)   ...
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By LaNita Cates
(REMAX of Joliet)
          BEAUTIFUL CONDO READY FOR A NEW HOMEOWNER! 3 BEDROOMS, HUGE LUXURY MASTER BATH AND A LARGE WALK-IN CLOSET. 1ST FLOOR OFFICE (COULD BE BEDROOM, PLAYROOM, DINING ROOM). NEW HARDWOOD FLOORING ENTIRE FIRST FLOOR, STAIRS AND UPSTAIRS HALLWAY. ALL APPLIANCES STAY. BEAUTIFUL WATER VIEW IN BACK! END UNIT!! WATER, GARBAGE, LAWN, SNOW REMOVAL AND CLUBHOUSE W/POOL, EXERCISE ROOM INCL IN ASSESSMENT. DISTRICT 202.  2123 Pembridge Ln Unit 2123, Joliet, Illinois 60431  $159,900 Call LaNita Cates at 630-341-1545 or lanitacates@yahoo.com  
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
  I Received a New Property Assessment.   What Do I Do?        As a Chicago-area Mortgage Lender, I've always been asked a lot of questions regarding Taxes and Property Assessments.  Property Taxes, and subsequently monthly tax escrow contributions, play a very important role in loan approvals/denials.       But throughout the recent housing downturn, the topic of property taxes and assessments has cropped-up more often and has become far more important to homeowners ...       As of this writing (Sept. 2014), property Assessments have been completed in much of the Chicagoland area and  triggered many Assessment Notices.  As a result of those Assessment Notices, many of my Chicago-area existing clients have reached out to me with property tax and tax escrow payment questions.       Durin...
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
  Don't Assume You Know the Outcome of a Mortgage Consultation You've Never Had           As often happens, another's writings motivate me to write a post of my own.  That was the case with a post written by fellow-lender (CT) and ActiveRain member, Joe Petrowsky.  Joe's recent post entitled, "Going from 6% to 4.25% Isn't Always a Good Idea", inspired me today.      For me, the meaning of Joe Petrowsky's post was clear.  No blanket statements can be made regarding today's Mortgage Lending.         There's certainly no "one size fits all" statements to be found regarding mortgages these days.  Each client's individual finances needs, goals, credit history/scores, plans for the future, and more ... need to be considered and taken into account when making an assessment regarding the wisdom...
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
  "To Condo or Not to Condo" That Should Be the Question ...        As a Chicago-area Mortgage Lender, I never try to influence a Buyer as to the type of property they should or should not buy.  That's their personal choice ... and not my place.      But as their Mortgage Lender and Advisor, I DO try to educate them regarding different property types and the pros and cons associated with each as it pertains to their upcoming mortgage process.  Why?        Because there are some fundamental differences in how differing property types flow through that process.  There can also be some differences in costs incurred while moving forward, as well.       When I talk of "differing property types", what exactly do I mean?  Here's my simple explanations: Single-Family Residence Detached:  No com...
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