Joliet, IL Real Estate News

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)
  Have YOU Been Hacked? Online Security Issues Raised Again      Once again, the news is filled with reports of a widespread hacking of social media sites, usernames, and passwords, etc. having taken place over the last month or so (Oct., Nov., 2013).  And once again, the matter of internet security is brought to the forefront of our minds ... or it should be ...      It's been reported that around 2 MILLION Facebook, Twitter, Google, LinkedIn, ADP, Yahoo accounts (and others) have been "hacked" and compromised via infected computers carrying malware.  The particular form of malware causing the latest issues is being detected increasingly often by cybersecurity firms.        At present it's not known for sure just how widespread this security breach is, but it's probably global in magni...
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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)
  Downtown Joliet's Light Up the Holidays Parade & Festival November 29th, 2013           Downtown Joliet will be kicking-off this year's Holiday Season with the annual Light Up the Holidays Parade & Festival on Friday, November 29th, 2013.     The festival fun starts at 10 a.m.      Festival activities will be hosted at: Renaissance Center Fun Fair Jitters Coffeehouse Joliet Public Library The Red Goose Bakery Chicken-n 'Spice Joliet Historical Museum Gji's Sweet Shoppe More      Roaming musicians and carolers, ice carving displays, craft activities, and more will take place throughout the Light Up the Holidays Festival. Other Festival hosts and participants creating holiday magic on November 29th will be: Santa Cruz & First Lutheran Parish, the Forest Preserve District of Will County,...
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By Cheryl Bowers, Plainfield, Naperville, IL. Real Estate
(Bowers Realty Group LLC)
Crystal Lawns, Homes for Sale in Joliet, IL Crystal Lawns Real Estate Statistics Average Home Size: 1572 Average Property Taxes: 3447 Homes Listed: 20 Homes Sold: 12 Average Number of Days To Sell: 63 The above Joliet real estate statistics were compiled by Team Bowers Realtors based on homes listed for sale in Crystal Lawns, Joliet, Illinois between October 28th, 2012 and October 28th, 2013. Homes for sale in Crystal Lawns Address Beds Total Baths Total Sqft Year Built List Price 3453 Lockner Boulevard 5 3 2300 1990 $234,000 2430 Hel Mar Lane 4 2 1488 1969 $169,900 305 Kenwood Avenue 2 1 1328 1956 $161,900 2547 Caton Farm Road 3 2 1881 1950 $130,000 3151 Caton Farm Road 4 1.1 1344 1960 $88,500 Sold Real Estate in Crystal Lawns - (July 30th, 2013 - October 28th, 2013) Address Beds Tota...
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By Cheryl Bowers, Plainfield, Naperville, IL. Real Estate
(Bowers Realty Group LLC)
Fall Creek, Joliet Homes for Sale Fall Creek Real Estate Statistics Average Home Size: 2310 Average Property Taxes: 5516 Homes Listed: 13 Homes Sold: 10 Average Number of Days To Sell: 46 The above Joliet real estate statistics were compiled by Team Bowers Realtors based on homes listed for sale in Fall Creek, Joliet, Illinois between October 15th, 2012 and October 15th, 2013. Homes for sale in Fall Creek Address Beds Total Baths Total Sqft Year Built List Price 1515 Ridge Brook Drive 3 1.1 1780 2005 $150,000 1212 Clear Spring Trail 4 2.1 2563 2007 $229,900 1411 Spring Oaks Drive 4 2.1 2563 2005 $229,990 Sold Real Estate in Fall Creek - (July 17th, 2013 - October 15th, 2013) Address Beds Total Baths Total Sold Price 1207 Raintree Court 4 2.1 $219,000 The data relating to real estate fo...
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By Cheryl Bowers, Plainfield, Naperville, IL. Real Estate
(Bowers Realty Group LLC)
Springwood South, Joliet Homes for Sale Springwood South Real Estate Statistics Average Home Size: 1678 Average Property Taxes: 4940 Homes Listed: 15 Homes Sold: 10 Average Number of Days To Sell: 67 The above Joliet real estate statistics were compiled by Team Bowers Realtors based on homes listed for sale in Springwood South, Joliet, Illinois between October 9th, 2012 and October 9th, 2013. Homes for sale in Springwood South Address Beds Total Baths Total Sqft Year Built List Price 902 Prairie Path Lane 3 1.1 1517 2002 $150,000 1018 Mission Boulevard 5 3.1 1752 2000 $145,000 918 Mission Boulevard 3 2.1 0 2000 $139,900 Sold Real Estate in Springwood South - (July 11th, 2013 - October 9th, 2013) Address Beds Total Baths Total Sold Price 1106 Trailsend Lane 3 2.1 $119,000 1021 Trailsend...
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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)
  Mortgage Facts:  What Time is It?           The other day, I wrote a post regarding the upcoming Mortgage changes going in to effect January 10th, 2014.  Many of the comments I received in response to the post reflected just how quickly and often changes are (in perception and in fact) occurring within the mortgage and real estate industry.        These responses were definitely spot on too.  Just think about the last few weeks and what has occurred in the news and in financing in particular.  How that has played on Interest Rates, Wall Street, gas prices, the availability of mortgage programs, and mortgages themselves.  A writer or blogger could literally have written an informative post and had the info contained within it totally wrong or invalid minutes later.      Once written, a...
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By Cheryl Bowers, Plainfield, Naperville, IL. Real Estate
(Bowers Realty Group LLC)
Cherry Hill, Joliet, Illinois Cherry Hill Real Estate Statistics Average Home Size: 1930 Average Property Taxes: 4212 Homes Listed: 16 Homes Sold: 9 Average Number of Days To Sell: 67 The above statistics were compiled by Joliet real estate agents based on homes listed for sale in Cherry Hill, Joliet, Illinois between October 4th, 2012 and October 4th, 2013. Homes for sale in Cherry Hill Address Beds Total Baths Total Sqft Year Built List Price 16 Cherry Hill Road 3 1.1 1600 U $164,900 Sold Real Estate in Cherry Hill - (July 6th, 2013 - October 4th, 2013) Address Beds Total Baths Total Sold Price 2748 Lancaster Drive 3 2 $150,000 The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listi...
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By Cheryl Bowers, Plainfield, Naperville, IL. Real Estate
(Bowers Realty Group LLC)
Bee Dee Highlands, Homes for Sale in Joliet, Illinois Bee Dee Highlands Real Estate Statistics Average Home Size: 1729 Average Property Taxes: 5980 Homes Listed: 10 Homes Sold: 5 Average Number of Days To Sell: 137 The above statistics were compiled by Joliet real estate agents based on homes listed for sale in Bee Dee Highlands, Joliet, Illinois between October 4th, 2012 and October 4th, 2013. Homes for sale in Bee Dee Highlands Address Beds Total Baths Total Sqft Year Built List Price 2905 Bisbee Drive 3 2 1850 2001 $175,000 2900 Carol Drive 3 2 0 2004 $194,900 Sold Real Estate in Bee Dee Highlands - (July 6th, 2013 - October 4th, 2013) Address Beds Total Baths Total Sold Price 2805 Carol Drive 3 3 $202,500 2904 Bisbee Drive 3 3 $187,000 1002 Flagstaff Lane 4 2.1 $215,000 The data re...
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By Cheryl Bowers, Plainfield, Naperville, IL. Real Estate
(Bowers Realty Group LLC)
Cumberland South, Homes for Sale in Joliet, IL Cumberland South Real Estate Statistics Average Home Size: 1691 Average Property Taxes: 4208 Homes Listed: 58 Homes Sold: 20 Average Number of Days To Sell: 191 The above statistics were compiled by Team Bowers Realtors based on homes listed for sale in Cumberland South, Joliet, Illinois between October 1st, 2012 and October 1st, 2013. Homes for sale in Cumberland South Address Beds Total Baths Total Sqft Year Built List Price 1311 Gilray Drive 3 1.1 1944 2005 $155,000 6914 Cottie Drive 4 1.1 1850 2003 $145,900 6918 Cottie Drive 3 2 1944 2000 $134,900 6908 Riley Drive 3 2 1944 2004 $177,000 7010 Cornwall Drive 3 2 1546 2004 $169,000 Sold Real Estate in Cumberland South - (July 3rd, 2013 - October 1st, 2013) Address Beds Total Baths Total S...
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By Cheryl Bowers, Plainfield, Naperville, IL. Real Estate
(Bowers Realty Group LLC)
Ingalls Park, Joliet, Illinois Ingalls Park Real Estate Statistics Average Home Size: 1267 Average Property Taxes: 2187 Homes Listed: 59 Homes Sold: 23 Average Number of Days To Sell: 84 The above statistics were compiled by Team Bowers Realtors based on homes listed for sale in Ingalls Park, Joliet, Illinois between September 30th, 2012 and September 30th, 2013. Homes for sale in Ingalls Park Address Beds Total Baths Total Sqft Year Built List Price 418 White Avenue 3 2 1074 U $65,900 14 Clairmont Avenue 4 2 0 U $125,000 303 White Avenue 2 1 788 1924 $40,000 311 Schorie Avenue 2 1 660 1926 $36,000 202 Anderson Avenue 2 1 925 U $32,900 15 Berkley Avenue 3 1 924 U $72,500 2225 Washington Street 2 1 988 1949 $94,900 207 Park Road 3 1.1 1410 1926 $95,000 417 Jessie Street 3 1 1050 1930 $7...
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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)
  Will Your Chicagoland Co-Signor Deliver Magic?      More and more often, the topic of co-signing on a Mortgage is being brought up both during my initial inquiries and Pre-Qualification conversations.  I'm peppered with questions regarding Mortgage co-signing from both hopeful recipients of the co-signing and those actually considering becoming a co-signor.       I've found that there is often confusion surrounding this topic.  (Some inquirers simply have co-signing confused with co-borrowing.  Two different things.)  And many times, recipient and co-signor alike are unsure of the true benefits and responsibilities attached to the act of co-signing.  (For a prior post on the topic of parents considering co-signing, click HERE.)     Co-signing is now being considered in a growing numbe...
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By Cheryl Bowers, Plainfield, Naperville, IL. Real Estate
(Bowers Realty Group LLC)
Sable Ridge, Joliet Homes for Sale Sable Ridge Real Estate Statistics Average Home Size: 1920 Average Property Taxes: 3605 Homes Listed: 29 Homes Sold: 15 Average Number of Days To Sell: 47 The above statistics were compiled by Joliet Realtors based on homes listed for sale in Sable Ridge, Joliet, Illinois between September 23rd, 2012 and September 23rd, 2013. Homes for sale in Sable Ridge Address Beds Total Baths Total Sqft Year Built List Price 8516 Sawyer Court 3 2.1 1618 2007 $99,900 922 Bluebell Circle 3 2.1 1990 2007 $145,000 1110 Sable Ridge Drive 3 2.1 1651 2006 $162,000 8216 Trumbull Avenue 3 2 1189 2006 $202,500 960 Bluebell Circle 3 2.1 2247 2007 $156,900 1100 Kingfisher Court 4 2.1 2000 2006 $210,000 Sold Real Estate in Sable Ridge - (June 25th, 2013 - September 23rd, 2013)...
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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)
  Thanks for the Great Chicago Blackhawks Scrimmage!           Anyone that knows me very well, knows that I'm a full-blown sports addict.  Golf, baseball, football, basketball, hockey, tennis ... heck, even Bull Riding.  If they call it a sport, I'm probably a fan, participating, or watching it.  Especially if it's a Chicago team.     My poor wife, let's just say she's aware of my "addiction".  But after 36+ years of marriage, I think I've brain-washed her into thinking she likes sports as much as I do.  She "enables" me, to say the least.  (Either that or she's just given up trying to cure me.)      A couple of months ago, Marilyn found a news article saying that our 2013 Stanley Cup winning Chicago Blackhawks hockey team was hosting a scrimmage for their fans in September.  Very inexp...
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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)
  Federal Reserve Announcement: Music to the Ears   The Federal Reserve's decision to forego a slow-down of bond-buying caught most by surprise yesterday. That included the Dow and the S&P. It was "music to the ears" ... as after the Fed announcement made by Fed Chair Ben Bernanke, both rocketed to record highs. The majority of analysts had expected the Fed to implement a slow withdrawal of its bond-buying program ... a program that presently sees about $85 BILLION worth of bonds being purchased each month. All indications had pointed to it.  My hope is that this delay in the tapering down on bond-buying will promote and kick-start an economy that had, as of late, been sputtering a bit. At least in my world of mortgage lending, the last couple of weeks definitely indicated that home buy...
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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)
  Mortgages:  Start Your Trip Early and Allow Yourself Enough Time to Arrive at Your Destination Safely        My wife and I took Sunday off and went for a drive. We decided to get to our destinations as quickly as possible and traveled the interstate.  Traffic wasn't terribly heavy and  moved along at a fairly good clip.       But it soon became obvious that what I considered a "good clip" wasn't good enough for a few on the road.  Some drivers were zigging and zagging and speeding back and forth across lanes.        We also saw a lot of tailgating going on.  Drivers following the cars in front of them so closely that they might as well have been in their trunk.  To my wife and I it appeared as if the tailgaters were "pushing" and trying to intimidate the drivers in front of them ... t...
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By Steve Roake, Make Moving Easy!
(The Freedom Group - Keller Williams Realty Infinity)
Kearney Glen Subdivision - Joliet, IL - Construction by M/I Homes Kearney Glen Subdivision in Joliet, IL is a community of 203 home sites.  Located at the northwest corner of Black Rd and County Line Rd, Kearney Glen lies entirely in Kendall County.  Started in 2003 by Kennedy Home Builders, 130 homes were built beginning in late 2005.  Homes built were between approximately 2200 square feet and 3530 square feet.  Typical homes have 3 bedrooms and a loft, 4 bedrooms or 4 bedrooms and a loft.   Kearney Glen has its own park, complete with playground and open spaces. M/I Homes to Start Construction in Kearney Glen Starting in September 2013, M/I Homes will build a model home and 2 spec homes in the community on the remaining 73 lots.  New homes start at $199,990 for a 2230 square foot, 3 ...
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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 Much are You Willing to Pay for that Poor Credit Score?      In a number of my past posts, I've talked of the importance of building and maintaining good Credit and Credit Scores.  In my post,  "Are YOU making your financial life harder than it needs to be?", I introduced the fact that many of our daily services and utilities (and their costs) are directly linked to the quality/level of our Credit Scores.       In  "What's Your Great American Novel read like?  The clues within your Credit Report" ... I spoke of the many ways that your Credit Report reads much like a map. Only the map is one that shows your financial path, history, and decision-making abilities regarding your debts and credit.    The message from both posts is simple:  Have good Credit and Credit Scores, you pay less...
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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 Basics of Home Financing in 2013         Changes within the Mortgage Industry have occurred quickly and become a constant over the past few years.  Those of us that work within the Industry have gotten somewhat used to this fact.  For the public though, the outlook can be quite different.         Much has been made of all the recent changes.  Because of that, it can be overlooked that many constants have survived within the Mortgage Industry as well.   And those basics ... those constants that remain ... are what I want to focus on here.        Basic Mortgage Lending parameters still in place as of today are:   Loan Types   VA Loans for Qualified Veterans - NO Money Down USDA RD Loans (Rural Locations) - NO Money Down FHA Loans (Insured by Fed. Gov.) - 3.5% Down Conventional Loans...
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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)
  What Helps a Chicagoland Appraisal and its Comparables Survive the Scrutiny of Underwriting?      Mention the words Appraisal and Underwriting together in the same sentence these days  and you likely better stand back.  The reaction you receive could be fast and furious!      In Mortgage Lending and Underwriting, nothing is taken at face value.  Verification of everything is called for.  Re-checks and reviews are the norm.  And the Appraisal (the collateral for the Mortgage financing) is certainly a key component and focus of today's Underwriting.       Most Chicagoland Mortgage Lenders and Agents will tell you that they suffer a bit of anxiety regarding Appraisals currently.  That it's one thing to receive the Appraisal Report with a stated view of Value.  It's quite another thing fo...
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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)
  Should a Simple Repair Needed on a Property Kill a Deal?       In quite a few of my recent Mortgage transactions, I've seen Appraisal Reports where the Appraiser has commented that the condition of the REO property (foreclosed) they are viewing has been "Less than ideal". In each instance, the definition for "Less than ideal" has not been a true cause of concern in the Appraiser's eye.       However, I have found each time that the Underwriter has seen this statement regarding property "blemishes" on the Appraisal Report as some sort of red flag. Then the "blemish" has become an Underwriting issue. This has been true even when the Contract and the Appraisal and the Listing all read ... "property to be Sold "As Is".        In each of these cases, property repairs were then either:     ...
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