Affordable Streamwood homes, ready right now!

moving-boxes-pic
This winter, why not treat yourself to a new home instead of a tropical vacation?  Instead of packing a bag, pack up your gear and bring it to your new home!  With so many wonderful properties now on the market in Streamwood, there is something for every budget.  And if your credit score is less than perfect, contact me for info on how to get it fixed and ready for a purchase!

MLS #          Stat      LP/SP    BD/BTH  Street# Str Name    Sfx                  Area  ASI
09310181      ACTV  140000      3     1.1   413       Walnut      DR                         107   REO/Owned
09378462    ACTV  154900      3     1     110         Edgewood    DR                      107   None
09377379    ACTV  155000      3     2     17    E     Oltendorf   RD                        107   None
09361114      ACTV  159000      3     2     1629      Moore AVE                              107   Short Sale
09290908    ACTV  159900      3     1     6     E     Streamwood  BLVD               107   None
09209684    ACTV  159900      3     1     310   E    Streamwood  BLVD              107   Short Sale
09279473    ACTV  160000      4     1.1   105         Cedar CIR                               107   Short Sale
09326840    ACTV  162900      3     1     509   W   SCHAUMBURG  RD            107   None
09391949    ACTV  165900      3     1.1   522         LACY  AVE                              107   Short Sale
09398800    ACTV  169000      3     1     115          Woodcrest   CIR                     107   None
09328481    ACTV  169900      3     1     109         Center      RD                           107   None
09155207    ACTV  178800      3     1     138          Filbert     DR                            107   None
09386631    ACTV  179000      3     1.1   400   S   Park  BLVD                             107   None
09320600   ACTV  179999      4     1     420         Hillside    CT                          107   None
09380200   ACTV  188500      3     2     11            Windsor     CT                         107   Short Sale
09145658     ACTV  189900      3     1.1   14          GROW  LN                               107   None
09392264    ACTV  190000     3+1 bsmt    2      424   Walnut      DR                107   None
09351659    ACTV  190000      3     1     4              WOODMAR     CT                   107   None
09395981    ACTV  192400      3     2     227   E     Streamwood  BLVD            107   None
09372824    ACTV  194900      3     1     1010        Meadow      LN                      107   None
09375288    ACTV  194999      3     1.1   1215        Klafter     CT                          107   None
09371113     ACTV  197400       4     1.1   1621      Moore AVE                             107   None
09386429   ACTV  197500      3     1     16            Whitehall   CT                       107   None
09352751    ACTV  197500       3     1.1   32           Chaucer     LN                       107   None
09382972   ACTV  198000      4     2.1   113   W  Streamwood  BLVD            107   None
09380359    ACTV  198800      3     1.1   1031        Meadow      LN                     107   None
09393913    ACTV  199900      3     2     714           Sunset      CIR                      107   None
09381981    ACTV  199900      3     1     602         HAYWARD     AVE               107   None
09402150    NEW   179900      2     2.1   78          King        DR                          107   None
09392184    PCHG  164900      3     1     807         Post        LN                           107   None
09396928    RACT  137898      3     1     551           Ridge       CIR                        107   None

packing-boxes-images

Different price?
Looking for something in a different price range?  Let me know and I can run you a complete list.

Different location?
While many folks are enjoying Streamwood, we have plenty of others seeking homes in nearby towns too.   Contact me today for a full list of 100’s of available homes in St. Charles, Elgin, St. Charles, South Elgin, Geneva, Bartlett, and more.

 

Did you know?  
In addition to helping owners with distressed homes,  Fox Valley Homes offers full broker service for regular listings,  rentals, buyers and home sellers, as well as investors in residential properties across the northern Illinois and Chicago region. All team members are trained to coordinate real estate transactions effectively and retain the full skills and expertise of fully licensed Realtors®, including access to the resources of the local Illinois MLS database.

For more information, please contact Jennifer Kinzle, e-PRO, SFR, (630) 854-4360. Email me direct  jkinzle73@gmail.com.

foxvalleyhomes-v1_with_black_text-logo_long-3

Contact me:

sitting-hs2

Jennifer Kinzle, e-PRO, SFR Broker
Direct/Text:  (630) 854-4360
Facebook: Fox Valley Homes – Jennifer Kinzle, Broker
Fox Valley Investors Group: Fox Valley Investor Group – on Facebook
Email: jkinzle73@gmail.com
Twitter: @jkinzle
Website:  www.FoxValleyShortSales.com
Instagram: @jkinzle
MeetUp: Fox Valley Investors MeetUp Group

CRR_Letterhead_Logo_small

Charles Rutenberg Realty of Illinois
1733 Park St, #150
Naperville, IL 60563
LIC 481.010.165

South Elgin Offers Big Savings on Homes!

Thinking of South Elgin?  How about an easy living townhome?  Check out this video for an inside peek!  329 Stonington is just one of many homes now available in South Elgin.

South Elgin knocks it out of the park again for first time buyers, empty nesters and growing families!  Super discounts are now available for home buyers looking to buy now! There is a huge selection of homes available in South Elgin for a wide price range and there are 100’s more on the market.  There is no better time to take advantage of the low mortgage rates and buy that home right now.

MLS #          LP/SP      Prop Type  BD/Bths   CP    Str Name              CITY                 STATUS
09359278    $204900      ACTV  DE    3     2.1       Sara  CT                      South Elgin      Short Sale
09390684    $210000     ACTV  DE    3     1.1         Ridge RD                    South Elgin      None
09389175    $217000      ACTV  AT    3     2.1         MELROSE     CT         South Elgin      None
09316340    $218900      ACTV  AT    3     2.1         Melrose     CT    17    South Elgin      None
09303198    $219900      ACTV  MU    5     2     E   STATE ST                    South Elgin     None
09310606    $219900      ACTV  DE    3     2.1   W  CAMDEN      LN        South Elgin     REO/Owned
09396864    $219900      ACTV  DE    4     2.1         Cherry      ST             South Elgin      None
08966588    $225000      ACTV  AT    3     2.1         MELROSE     CT        South Elgin       None
09351281     $225000      ACTV   DE    3     1.1          Angeline    DR         South Elgin       None
09188842    $229000     ACTV   DE    3     2.1         Ridge RD                   South Elgin       None
08960049   $232000      ACTV  AT    3     2.1         Melrose     CT            South Elgin       None
09325846    $234500      ACTV  DE    4     2.1         La Fayette  DR          South Elgin       None
09371732    $239000      ACTV  DE    3     2.1         DUBLIN      LN           South Elgin      Short Sale
09391574    $249999      ACTV  DE    3     2.1         Fairview    LN            South Elgin       None
09383747    $255900      ACTV  AT    3     3.1         HICKORY     LN          South Elgin       None
09391265    $269900      ACTV  DE    4     2.1         Woodland    DR        South Elgin       None
09372130    $274900      ACTV  AT    3     2.1         Hickory     LN            South Elgin       None
09395900    $279900      ACTV  DE    4     3.1         Juli  DR                       South Elgin       Relo
09331832    $287500      ACTV  DE    4     2.1         Chesterfield      LN    South Elgin      None
09234134    $289900      ACTV  DE    4     2.1         Prairie Pointe    DR  South Elgin       None
09195398    $294900      ACTV  DE    4     3.1   N    Haverhill   LN          South Elgin       None
09324979    $296600     ACTV  DE    4     2.1          Holt  LN                    South Elgin    REO/Owned
09379358    $297500      PCHG  DE    4     2.1   E     Thorndale   LN       South Elgin      None

Different price?
Looking for something in a different price range?  Let me know and I can run you a complete list.

Different location?
While many folks are enjoying South Elgin, we have plenty of others seeking homes in nearby towns too.   Contact me today for a full list of 100’s of available homes in St. Charles, Elgin, St. Charles, Streamwood, Geneva, Bartlett and more.

packing-boxes-images

Did you know?  
In addition to helping owners with distressed homes,  Fox Valley Homes offers full broker service for regular listings,  rentals, buyers and home sellers, as well as investors in residential properties across the northern Illinois and Chicago region. All team members are trained to coordinate real estate transactions effectively and retain the full skills and expertise of fully licensed Realtors®, including access to the resources of the local Illinois MLS database.

For more information, please contact Jennifer Kinzle, e-PRO, SFR, (630) 854-4360. Email me direct  jkinzle73@gmail.com.

foxvalleyhomes-v1_with_black_text-logo_long-3

Contact me:

sitting-hs2

Jennifer Kinzle, e-PRO, SFR Broker
Direct/Text:  (630) 854-4360
Facebook: Fox Valley Homes – Jennifer Kinzle, Broker
Fox Valley Investors Group: Fox Valley Investor Group – on Facebook
Email: jkinzle73@gmail.com
Twitter: @jkinzle
Website:  www.FoxValleyShortSales.com
Instagram: @jkinzle
MeetUp: Fox Valley Investors MeetUp Group

CRR_Letterhead_Logo_small

Charles Rutenberg Realty of Illinois
1733 Park St, #150
Naperville, IL 60563
LIC 481.010.165

Dreaming of Living in St. Charles?

 

stcharlesjustsold3
Home buyers, this list is for you!  We specialize in finding great homes for our clients, right here in St. Charles.    We have homes available for all price ranges and these properties won’t last forever, so call today for more information on hundreds of available homes in St. Charles, Elgin, South Elgin, Streamwood, Geneva, Bartlett and more.

Need a Home Mortgage?
Mortgage rates are still low and we can assist home buyers with bad credit too!  Get pre-approved before you make an offer.

MLS #         Stat      LP/SP     BD/ Bth  Street #    CP    Str Name    Sfx   Area  ASI
09351194    ACTV  $203900      3     1     1417  S        7th   ST                           174   None
09287410   ACTV  $214900      3     1     39W436    Old Burlington    RD    174   None
09320691   ACTV  $215000      3     2     313              Bowman      ST               174   None
09387825   ACTV  $215900      4     1.1   6N397       Oakwood     DR             174   None
09331888   ACTV  $218000      3     1.1   221             Fairview    DR                174   None
09163312    ACTV  $219000      3     2     438   S         9th   ST                          174   Short Sale
09400373  ACTV  $224500      3     1.1   1220            EDWARDS     AVE       174   Home Warranty
09343761   ACTV  $224500      3     2     5n638          Hanson      RD              174   Home Warranty
09362670   ACTV  $235000      3     1.1   1021  W     Walnut      ST                 174   None
09319217    ACTV  $239000      4     2     314              Beatrice    AVE             174   None
09391415    ACTV  $239500       3     2     226              FAIRVIEW    DR           174   None
09325290   ACTV  $250000      4     2.1   37    N       11th  ST                          174   None
09353294    ACTV  $257000      3     2     317   S       14th  ST                           174   None
09384624    ACTV  $260000     4     3     3N778      Hawthorn    DR            174   None
09381072    ACTV  $260000      3     2.1   3306         Fox Chase   DR             174   REO/Owned
09365139    ACTV  $260000      3     2     1131            Ash   ST                           174   None
09342911    ACTV  $262500      3     2     406   S       10th  ST                           174   None
09325394    ACTV  $265000      3     2     1124           Ash   ST                           174   None
09374039    ACTV  $269900      5     2     1522           Williams    AVE            174   Short Sale
09381474    ACTV  $274900      3     2     122   S        6th   ST                            174   None
09350787    ACTV  $275000      4     2     211   E        Illinois    AVE                 174   None
09322542    ACTV  $275000      3     2     6N098       OLD HOMESTEAD RD  174   None
09354593    ACTV  $279500      3     2.1   72               Dunham      PL               174   None
09384897    ACTV  $289900      4     2.1   504           15th  CT                           174   None
09365331    ACTV  $289900       4     2.1   5N941       Weber DR                        174   None
09397250    ACTV  $295000      3     2.1   4N547       Griffin     LN                  174   None
09369065    ACTV  $295000      4     2.1   3N488       Ridge DR                        174   None
09371058    ACTV  $299900      3     3     6N715          Longacre    DR              174   None
09331690    ACTV  $299900      4+1 bsmt    3.1      266   Fairhaven   DR      174   None
09328130    ACTV  $299900      3     1.1   617             Geneva      RD                 174   None
09285335    ACTV  $299999      4     2.1   5N488       Hanson Ridge      DR    174   None
09356043    ACTV  $300000      4     2.1   6N495       Roosevelt   AVE            174   None
09353381     ACTV  $300000      4     2.1   701             ARROWHEAD   LN      174   None
09289859    PCHG  $285000     6     4     1005            Fern  AVE                       174   None
09352974    PCHG  $299000      3     2     6N336        Route 25                          174   None
09336548    RACT  $269900      4     2     518   S         5th   AVE                         174   None

 

Special property video – Thinking of South Elgin?  How about an easy living townhome?

Check out this video for this lovely listing in South Elgin for just $139,900.
329 Stonington Place, South Elgin, IL

 

Did you know?  
In addition to helping owners with distressed homes,  Fox Valley Homes offers full broker service for regular listings,  rentals, buyers and home sellers, as well as investors in residential properties across the northern Illinois and Chicago region. All team members are trained to coordinate real estate transactions effectively and retain the full skills and expertise of fully licensed Realtors®, including access to the resources of the local Illinois MLS database.

For more information, please contact Jennifer Kinzle, e-PRO, SFR, (630) 854-4360. Email me direct  jkinzle73@gmail.com.

foxvalleyhomes-v1_with_black_text-logo_long-3

Contact me:

sitting-hs2

Jennifer Kinzle, e-PRO, SFR Broker
Direct/Text:  (630) 854-4360
Facebook: Fox Valley Homes – Jennifer Kinzle, Broker
Fox Valley Investors Group: Fox Valley Investor Group – on Facebook
Email: jkinzle73@gmail.com
Twitter: @jkinzle
Website:  www.FoxValleyShortSales.com
Instagram: @jkinzle
MeetUp: Fox Valley Investors MeetUp Group

CRR_Letterhead_Logo_small

Charles Rutenberg Realty of Illinois
1733 Park St, #150
Naperville, IL 60563
LIC 481.010.165

Check Out These Elgin Properties

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First time buyers, investors and renters-take note!  We’ve got a big selection of homes available in Elgin for under $150,000.  See below for REO’s/Short Sales and pre-foreclosures-always at a discount!  W

MLS #          LP/SP      Prop Type   Beds/Bth  Str Name                   CITY       STATUS
09392335                          AUCT  DE    3     2    LOGAN AVE                Elgin       REO/Lender Owned
09378680    $84900      ACTV  DE    1     1     WESTON      AVE        Elgin       REO/Lender Owned
09282394    $94600      ACTV  DE    4     1     PECK  PL                      Elgin       REO/Lender Owned
09305887    $99000      ACTV  DE    3     1.1   ILLINOIS    AVE         Elgin       Short Sale
09271878    $109900     ACTV  DE    2     1     N Clifton   AVE          Elgin       Short Sale
09375998    $110000     ACTV  DE    2     1.1   WING  ST                    Elgin       Short Sale
09261920    $130000     ACTV  DE    3     1     LINCOLN     AVE         Elgin       Short Sale
09391087    $134900     ACTV  DE    3     1     MCCLURE     AVE        Elgin       Pre-Foreclosure
09393483    $140000     ACTV  DE    3     2     CORLEY      DR            Elgin       Short Sale
08992784    $142000    ACTV  DE    3     2     HURON DR                   Elgin       Short Sale
09398631    $146450      ACTV  DE    3     3     ICKENHAM    LN         Elgin       REO/Lender Owned

See video link: 590 Countryfield Lane, Elgin, IL
09273042    $149900      ACTV  AT    2     2.1   CountryfieldLN          Elgin       Short Sale

 

Want more info?  Or is Elgin not your area?  Contact me today for a full list of 100’s of available homes in South Elgin, St. Charles, Streamwood, Geneva and more.  Call or click today.

Did you know?  
In addition to helping owners with distressed homes,  Fox Valley Homes offers full broker service for regular listings,  rentals, buyers and home sellers, as well as investors in residential properties across the northern Illinois and Chicago region. All team members are trained to coordinate real estate transactions effectively and retain the full skills and expertise of fully licensed Realtors®, including access to the resources of the local Illinois MLS database.

For more information, please contact Jennifer Kinzle, e-PRO, SFR, (630) 854-4360. Email me direct  jkinzle73@gmail.com.

foxvalleyhomes-v1_with_black_text-logo_long-3

Contact me:

sitting-hs2

Jennifer Kinzle, e-PRO, SFR Broker
Direct/Text:  (630) 854-4360
Facebook: Fox Valley Homes – Jennifer Kinzle, Broker
Fox Valley Investors Group: Fox Valley Investor Group – on Facebook
Email: jkinzle73@gmail.com
Twitter: @jkinzle
Website:  www.FoxValleyShortSales.com
Instagram: @jkinzle
MeetUp: Fox Valley Investors MeetUp Group

CRR_Letterhead_Logo_small

Charles Rutenberg Realty of Illinois
1733 Park St, #150
Naperville, IL 60563
LIC 481.010.165

 

If the couch fits, rent it!

pushing-a-couch

For half a second, you worried about the couch squeezing through the front door.  But now, sweet victory is yours as you fill up the kitchen cabinets in your new abode.  Having signed a year long rental agreement, you are finally unpacked and settled in for your first meal under a new roof, when you stop for a moment and think “Will I ever see my security deposit again?”

If you read the fine print on your lease (standard leases, at least) you might find a clause that says normal “wear and tear” and even describes regular use.  Most tenants fall under the regular use category.  But setting fire to the carpet, on purpose or accidentally, is not going to fall under normal wear and tear, no matter how many house plants you place over the burn spot.  So what exactly, does regular, wear and tear mean?

fire-extinguisher

Wear and Tear
When describing average use, many landlords expect higher use items like flooring and appliances to be worn out faster than say, a kitchen cabinet or a light fixture.  You’re usually on your own for light bulbs, too.  But consider that hardwood flooring lasts years longer than linoleum, so the type of flooring or fixture matters. You’d have a run a lot of laps across a hardwood floor or ceramic tile to wear it out in a 12 month span as compared to a plain linoleum floor.

But most renters will scuff a wall, put a nail into a wall to hang artwork, or drip food on the carpeting.  Things like this happen and most landlords expect to minor cosmetics such as paint and spackle for the walls, and a deep cleaning the carpeting at every tenant move out.  Typical wear and tear involves light scratches on the wood floors, wear spots on the carpeting (but not stains), loose railings or tiles.  Minor damage is easy and inexpensive to repair or fix.  Major damage, the kind your security deposit cringes over, is more expensive to repair or fix (think full carpet replacement for that burned spot).  If the landlord has to replace all the carpeting, your security deposit could be at risk.

for-rent-sign

 

Fix It or Leave it?
Deep gouges in flooring, broken glass in windows/torn screens, broken appliances, pet stains/odors, custom wall paint, extras like closet shelving, light fixtures or window treatments, are all significant items tenants usually are responsible for fixing.

rentalleaseagreement

Check your checklist
Move-in day checklists are highly recommended by both tenants and landlords to keep all items verified condition upon move in.  Tenants want to verify all appliances, for example, are performing great on day 1.  Landlords want to know if something is out of whack, and that the current tenants are not responsible for it.  A checklist is the ideal opportunity to make sure both parties are in agreement from Day 1:

  • Walk through the rental together
  • Take photos of any flaws you see with your smartphone or device
  • Collect them into a photo page
  • Provide a full checklist of all items and have both tenant and landlord sign off on them.

dogrollover

Pet Deposits
Soggy paws are part of being a dog owner and many times, the floors of an apartment take a beating year round for landlords.  But for many renters, home is where their pet is and gladly bring Fido and Fluffy along to the tune of up to a full month’s rent for a pet deposit.  Often the pet deposit is not refundable, due to the typical wear and tear many canines (and felines) can cause to a property.  Pet stains, pet dander, and claw/scratch marks can linger far longer after the tenant moves out, causing a lot of extra work to prep the property for the next tenant.

But if you love your pets, the extra pet fee is well worth it, to keep the happy family together.

Did you know?  
In addition to helping with rentals,  Fox Valley Homes offers full broker service for regular and distressed listings, for all buyers and home sellers, as well as investors in residential properties across the northern Illinois and Chicago region. All team members are trained to coordinate short sales effectively and retain the full skills and expertise of fully licensed Realtors®, including access to the resources of the local Illinois MLS database.

For more information, please contact Jennifer Kinzle, e-PRO, SFR, (630) 854-4360. Email me direct  jkinzle73@gmail.com.

foxvalleyhomes-v1_with_black_text-logo_long-3

Contact me:

sitting-hs2

Jennifer Kinzle, e-PRO, SFR Broker
Direct/Text:  (630) 854-4360
Facebook: Fox Valley Homes – Jennifer Kinzle, Broker
Fox Valley Investors Group: Fox Valley Investor Group – on Facebook
Email: jkinzle73@gmail.com
Twitter: @jkinzle
Website:  www.FoxValleyShortSales.com
Instagram: @jkinzle
MeetUp: Fox Valley Investors MeetUp Group

CRR_Letterhead_Logo_small

Charles Rutenberg Realty of Illinois
1733 Park St, #150
Naperville, IL 60563
LIC 481.010.165

 

10 Reasons for a Financial Hardship for a Short Sale

Karen and Dave didn’t plan to fail on their short sale process.  They just didn’t realize the restrictions on the lender hardship requirements.

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It’s a complicated process, going through a short sale.  Banks require the same amount of paperwork, if not more, when applying for a new mortgage!  A hardship letter is part of the normal short sale process, but many folks struggle with writing one.

“We’re already behind on the mortgage, isn’t that hardship already?” Karen asked.

Actually, the bank doesn’t see it that way,  so I explained:

“Being behind on your mortgage payments is the symptom, the lender wants to know the cause.  It’s one thing to be stuck due to issues beyond your control, like being laid off from a job.  It’s not the same if you’ve racked up credit card debt by overspending and now can’t afford your mortgage,” I said.  “The type of financial distress matters to the lender.”

See how to write an effective short sale hardship letter here: Blog Post – How To Write an Effective Hardship Letter

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Surprisingly enough, the banks do read the hardship letters the clients send in.   Lenders include an illness and medical bills, a job loss, a job relocation of at least 50 miles, natural disaster like a tornado, a business failure, loss of hours at work, under employment, health insurance increase, mortgage payment increase and the divorce or death of a spouse as valid hardships. Lenders will gladly work with home sellers on any of these hardships to avoid a lengthy foreclosure.

Ready to take a short sale quiz to see if you qualify?  Click here: Fox Valley Short Sales Quiz

However, wanting to downsize/upsize, increasing family size or loss of equity do not qualify as a financial hardship.  Still, some banks are more lenient that others.  The guidelines are set for a baseline, but it never hurts to speak to the lender directly.  Often times, not hearing a flat out “No” may mean it is still good to proceed.

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Completing the full process of a short sale is like running a marathon.  Listing agents like us work until it’s finished, not when it’s convenient or because we’re the fastest.  We work at the lender’s pace and keep it moving forward.  Retaining a sense of urgency and high communication levels is what rewards our persistence.

Talking more with Karen and David, they realized something.  It was a moment of reflection.  They realized some bumps in the road of life were not an embarrassment, nor the end of the line.  It was something to embrace, and move on from.  I was glad to be able to help them with the focus of the letter, but the story is all theirs.  A big dose of humility later, they sent their letter to me to read and I was very impressed.

“This is exactly what the lender wants to know.  You covered the who, why and how of the financial distress perfectly.  I know the letters can be difficult to write, but this one will definitely work in your favor,” I said.

Karen and David lost a lot of sleep over their home mortgage.  And they stressed over their hardship letter even more.  You don’t need to!  Call me today to find out how you can short sale your home without paying a penny.  Some home owners may qualify for relocation assistance (restrictions apply).

Apply For A Short Sale

Did you know?  
In addition to short sales, Fox Valley Homes offers full broker service for regular and distressed listings, for all buyers and home sellers, rentals, as well as investors in residential properties across the northern Illinois and Chicago region. All team members are trained to coordinate short sales effectively and retain the full skills and expertise of fully licensed Realtors®, including access to the resources of the local Illinois MLS database.

For more information and details on short sales and more, please contact Jennifer Kinzle, 630-854-4360. Email me direct  jkinzle73@gmail.com.

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Contact me:

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Direct/Text:  (630) 854-4360
Facebook: Fox Valley Homes – Jennifer Kinzle, Broker
Fox Valley Investors Group: Fox Valley Investor Group – on Facebook
Email: jkinzle73@gmail.com
Twitter: @jkinzle
Website:  www.FoxValleyShortSales.com
Instagram: @jkinzle
MeetUp: Fox Valley Investors MeetUp Group

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Charles Rutenberg Realty of Illinois
1733 Park St, #150
Naperville, IL 60563
LIC 481.010.165

 

 

Save it or Sell it? 2 Ways to Keep Your Home

Short Sale Expert Offers 2 Ways to Keep Your Home

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Fox Valley area specialist, Jennifer Kinzle, and Fox Valley Short Sales with Charles Rutenberg Realty of Illinois are working with foreclosure experts across the Chicagoland area to help others avoid foreclosure.

Fox Valley Short Sales

“In the beginning, I started with local property investors from my Meetup group, Fox Valley Investors .  They had clients that they were unable to assist, or who didn’t fit the profile.  So they would give my name to the homeowners looking to avoid foreclosure.  That really started my  distressed property specialization,” Kinzle said,  “Some folks are just barely underwater on their mortgages, some are several years’ of mortgage payments behind.  I can offer options that many folks don’t know is out there.”

Illinois is one of five states with a high percentage of underwater mortgages

2015 – 5 States With Highest Percent of Underwater Mortgages

Using her expertise, she raises awareness of other programs, offers suggestions on how to best work with lenders and suggests when an attorney or HUD home specialists might be needed.  Kinzle and the Fox Valley Short Sales team work with a large network of experts and residential housing professionals to educate the public, offering guidance and professional advice as it relates to the housing market, for both distressed foreclosure sales and regular sales.

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“Short sales can be a solution, but only when the homeowner is ready to sell and move on.  There are other options to try if the homeowner wants to stay in the home.”

Get prescreened for a short sale now!  http://www.foxvalleyshortsales.com/what-is-a-short-sale.php

2 Ways to Keep Their Home
There are two ways to keep a home in financial distress: a refinance under a program such as HARP or a lender workout such as a forbearance or a loan modification.

Find out the requirements for a HARP refinance here:

HARP Eligibility

Under a lender workout or a loan modification, the homeowner speaks directly to the bank to address the payments.  Every bank has different requirements and you should have your account number handy when you contact the lender.  A forbearance allows a homeowner to temporarily postpone their mortgage payments.  A loan modification can be temporary or permanent.

Click here for video on ways to keep your home: Your Home – Save it or Sell it?

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Distress and pre-foreclosure in Elgin
There are nearly 3,000 pre-foreclosures just in the city of Elgin.   The surrounding areas of the Fox Valley are just as inundated, with pre-foreclosure notices being mailed out on a daily basis.  Recipients of these notices may not even know what happens next in the foreclosure process.  From pre-foreclosure, to a bankruptcy, or a job loss, and pending auction dates, the team will work with the homeowner find a solution.

Click here for a Foreclosure Timeline:  Foreclosure Timeline – Illinois

 

The government program is called HAFA-(Homes Affordable Foreclosure Alternative) which allows for home sellers to receive up to $10,000 in relocation funds. *Restrictions apply*.  However, many homeowners don’t know if they can qualify for this credit.  We can explain this and much more.

Free Service, Easy Service
Our team never charges a penny to the homeowner for listing, marketing, or selling their home as a short sale. Fox Valley Short Sales offer services with no fees, and no strings attached. Local home owners need straightforward, professional advice about alternatives to a foreclosure.

“There is never a fee for our service.  No consultation fee, no listing fee, no attorney fees.  We never charge the home seller anything, ever.  Our home sellers  facing foreclosure are in financial hardship and we understand their difficulties,” she said, “They’ve been through enough.”

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Commitment and cutting out the red tape
Unlike a regular sale, the work doesn’t stop with an offer from a buyer.  Closings can range from 3 to 6 months’ time, depending on the bank.  Fox Valley Short Sales has gained experience with over 40+ different lenders and servicers, including Wells Fargo, Citibank, Nationstar, Ocwen, Chase, PNC, US Bank, Citi, HSBC, Charter One, Seterus, Carrington, RoundPoint Mortgage, Citizen, DiTech and many more.

Cutting through the red tape in short sales is part of the Fox Valley Team’s full service short sale process.  Knowing beforehand what forms are needed, the proper way to submit, requirements of the various loss departments preferences, and which ones need specific items, gives our clients a smoother transaction. Because all transactions are processed in-house, with no third party servicers, the deal moves faster through the system.

As Kinzle notes, “Unlike some agents who only work the spring sales season, we crunch short sales year round.  And we’ll continue to do so as long as there is a need for it in our communities.”

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In addition to short sales, Fox Valley Short Sales offers full broker service for regular and distressed listings, for all buyers and home sellers, rentals, as well as investors in residential properties across the northern Illinois and Chicago region. All team members are trained to coordinate short sales effectively and retain the full skills and expertise of fully licensed Realtors®, including access to the resources of the local Illinois MLS database.

For more information and details on short sales and more, please contact Jennifer Kinzle, 630-854-4360. Email me direct  jkinzle73@gmail.com to get on track for 2016.

foxvalleyhomes-v1_with_black_text-logo_long-3

Contact me:

Head Shot #3cropped

Direct/Text:  (630) 854-4360
Facebook: Fox Valley Homes – Jennifer Kinzle, Broker
Fox Valley Investors Group: Fox Valley Investor Group – on Facebook
Email: jkinzle73@gmail.com
Twitter: @jkinzle
Website:  www.FoxValleyShortSales.com
Instagram: @jkinzle
MeetUp: Fox Valley Investors MeetUp Group

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Charles Rutenberg Realty of Illinois
1733 Park St, #150
Naperville, IL 60563
LIC 481.010.165

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Fox Valley Investor Group Takes Short Sales and Foreclosures Seriously

Local investment club reaches out to Fox Valley home owners.  

 

Back in June of 2015, there weren’t any local Fox Valley area meetups for property investors.  Investors had to travel downtown or to the north side to join a monthly group meeting.  Frustrated by the lack of networking and resources, Fox Valley area short sale broker and distressed property expert, Jennifer Kinzle, decided to start her own group, Fox Valley Investors Group

When the Meetup grew up
“In the beginning, I started with local property investors from my Meetup group, Fox Valley Investors .  We would tour local properties, highlight the pro’s and con’s, talk about financing terms.  I really wanted to stay local, reinvest in my community and embrace the challenges.  Soon, the investors would refer home owners to me, for example, the ones they were unable to assist, or who didn’t fit their property investing profile.  That really started my  distressed property specialization, helping people avoid foreclosure,” Kinzle said,  “Now, I work with a lot of different investors.  Some prefer to add to their portfolio slowly, and short sales can do just that.”

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Just over a year later, the Meetup Group has over 300 members, and is one of the largest groups in the area.  Using her sales and marketing expertise, Kinzle raises awareness of how property investors can benefit from buying a short sale and how to coordinate with home sellers who are interested in selling.  Working with Fox Valley Short Sales under Charles Rutenberg Realty of Illinois, local property investors across the Chicagoland area are finding amazing short sale deals like this one.

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3310 Lafayette Street, Elgin, IL 60124

 

Did you know?  Illinois is one of five states with a high percentage of underwater mortgages  2015 – 5 States With Highest Percent of Underwater Mortgages

Investing in the community
Many local investors don’t have time to drive for dollars, send out thousands of postcards or shuffle through the foreclosure lists.  Using the MLS and short sale brokerage services with the Fox Valley Short Sale team, Kinzle helps investors zero in on more deals faster. The more investors are made aware of short sales, the more they realize the value they provide.  The investor group creates a lot of opportunities within local neighborhoods by buying vacant, foreclosed or abandoned properties, fixing them up and selling them to new buyers.  Revitalizing the neighborhood by improving the older homes creates a stabilizing effect that lifts all nearby home prices too.

Fox Valley Short Sales

The Fox Valley Short Sales team continue to work on behalf of homeowners, with a large network of lenders, experts and residential housing professionals to educate the public, offering guidance and professional advice as it relates to the housing market, for both distressed foreclosure sales and regular sales.

“Short sales can be a solution, but only when the homeowner is ready to sell and move on.  There are other options to try if the homeowner wants to stay in the home.”

Before a short sale – ways to keep their home
“When an investor approaches a homeowner, they have many questions.  The most common is how can I keep my home?” Kinzle said.  “There are two ways to keep a home, refinancing it or a loan modification program from the lender.”

Homeowners may qualify to receive  special refinancing under a program such as HARP or the Illinois Hardest Hit program, which just started in August 2016 and now offers homeowners up to $35,000 in assistance.  A lender workout such as a forbearance or a loan modification may also temporarily offer relief or a reduction in a mortgage payment.

Illinois Hardest Hit program

Find out the requirements for a HARP refinance here:

HARP Eligibility

Under a lender workout or a loan modification, the homeowner speaks directly to the bank to address the payments.  Every bank has different requirements and you should have your account number handy when you contact the lender.  A forbearance allows a homeowner to temporarily postpone their mortgage payments.  A loan modification can be temporary or permanent.

Click here for video on ways to keep your home: Your Home – Save it or Sell it?

ShortSaleVSForeclosure-thumb-250x250-5626-thumb-250x250-5627

Distress comes in many forms
There are nearly 3,000 pre-foreclosures just in the city of Elgin.   The surrounding areas of the Fox Valley are just as inundated, with pre-foreclosure notices being mailed out on a daily basis.  Recipients of these notices may not even know what happens next in the foreclosure process.  From pre-foreclosure, to a bankruptcy, or a job loss, and pending auction dates, the team will work with the homeowner find a solution.

Click here for a Foreclosure Timeline:  Foreclosure Timeline – Illinois

floatinghome

When a regular sale won’t work
Many times, homeowners know they need to sell their house, but they are underwater, meaning they owe more than what the home is worth. There may be a 2nd mortgage or other liens on the property.  The owners may feel obligated to complete repairs before trying to sell.  Or, they may drain their savings accounts trying to make enormous mortgage payments.

“We are working with clients who are sometimes extremely behind on their mortgage payments.  These clients often are going through bankruptcy, divorce, mountains of medical bills or a job loss, while facing foreclosure and auction notices,” Kinzle said.  She notes it can be a very difficult, stressful experience, and everyone’s situation is unique.

Investors seeking deals that are unique like a short sale are required to have a lot of patience as well.  Although the general condition of a short sale is typically good, there are usually some cosmetic updates required.  Of course the biggest hurdle to short sales is the length of time it takes to close.

“I tell my investors, put it into your investing portfolio for a 6+month window.  You won’t have to put up any money until we get the final approval letter and you can close in 45 days after we receive it,” Kinzle said.  Even better, cash is not required to purchase a short sale.  Banks will allow investors to use conventional financing as well.  There are deed restrictions, but often these are only 90 days’ or less, with limits on selling for less than 120% of purchase price.

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Free Service, Easy Service
“Home owners love our short sale team because we never charge a penny to the homeowner for listing, marketing, or selling their home as a short sale. Fox Valley Short Sales offer services with no fees, and no strings attached. Local home owners need straightforward, professional advice about alternatives to a foreclosure,” Kinzle said.

“Our home sellers  facing foreclosure are in financial hardship and we understand their difficulties,” she said, “They’ve been through enough.”

Investors work partner with us because they know they will find a property under market value. They save time and money by getting a deal on a short sale to add to their portfolio.  With a little time and patience, short sales can be very rewarding properties to add to an investment portfolio.

Did you know?
We handle a lot more than just short sales.  Fox Valley Homes offers full broker service for regular and distressed listings, for all buyers and home sellers, rentals, as well as investors in residential properties across the northern Illinois and Chicago region. All team members are trained to coordinate short sales effectively and retain the full skills and expertise of fully licensed Realtors®, including access to the resources of the local Illinois MLS database.

For more information and details on short sales and more, please contact Jennifer Kinzle, 630-854-4360. Email me direct  jkinzle73@gmail.com to get on track for 2016.

foxvalleyhomes-v1_with_black_text-logo_long-3

Contact me:

Head Shot #3cropped

Direct/Text:  (630) 854-4360
Facebook: Fox Valley Homes – Jennifer Kinzle, Broker
Fox Valley Investors Group: Fox Valley Investor Group – on Facebook
Email: jkinzle73@gmail.com
Twitter: @jkinzle
Website:  www.FoxValleyShortSales.com
Instagram: @jkinzle
MeetUp: Fox Valley Investors MeetUp Group

 

CRR_Letterhead_Logo_small
Charles Rutenberg Realty of Illinois
1733 Park St, #150
Naperville, IL 60563
LIC 481.010.165

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