Real Estate Facts vs Fiction for Dupage County

Home prices falling in most major cities – USATODAY.com

John Hybl — Tue, 26 Apr 2011 16:23:40 +0000

Home prices falling in most major cities http://usat.me/46525832

Why rent when you can own for less in Dupage County cities like Wheaton, Naperville, Bloomingdale and Downers Grove

John Hybl — Sun, 06 Mar 2011 05:44:03 +0000

With low interest rates and lower home values it is the best time to buy. Seller assistance, housing authority and VA loans you may be able to buy with no money down.

We have many great deals including foreclosures, short sales and rent to own properties. Bloomingdale, Wheaton, and Naperville area homes, condos, and townhomes for sale as low as $25K

Foreclosure Counselors: What They Can and Can’t Do for homeowners in Chicago Suburbs, Dupage County and cities like Wheaton, Naperville, Bloomingdale, and Downers Grove

John Hybl — Fri, 28 Jan 2011 16:14:44 +0000

Foreclosure Counselors: What They Can and Can’t Do Posted by Realty Executives

By: G. M. Filisko
Published: August 4, 2010

Foreclosure counselors can make the difference between losing your home and keeping it. Here’s how they work and how to choose one.

If you’re facing foreclosure, your foreclosure counselor will be a key part of your foreclosure team. As you start looking for one, however, you need to know what exactly they do, what they don’t do, and how to choose one who’s legitimate and qualified.

What a foreclosure counselor does
•   Reviews your finances
•   Helps you establish a budget
•   Explains your non-foreclosure options, such as loan modification, short sale or deed in lieu of foreclosure; helps you navigate the process with any chosen option
•   Advocates on your behalf with lenders and loan servicers

Counselors should also be upfront about discussing their own track records as well as the track records of the agency they work for.  Expect to spend two to 24 hours with a counselor, depending on the complexity of your foreclosure situation, including how many lenders you have to provide documentation to and negotiate with.  “Be sure the counselor is looking at your entire situation,” and not just your foreclosure, adds Martha Viramontes, director of housing at ClearPoint Credit Counseling Solutions in Los Angeles. “When counselors focus only on your mortgage, they’re fixing only one aspect of your financial situation.” They should give you an action plan containing the tasks you are going to perform to change your financial situation.

What a foreclosure counselor doesn’t do
•   Give tax advice
•   Give legal advice
•   Give guarantees regarding a particular outcome
•   Create miracles

For additional advice, add a tax adviser and attorney to your team.  Finally, “don’t expect a counselor to be a genie,” says Douglas Robinson, a spokesperson for NeighborWorks America, a nonprofit community development corporation in Washington, D.C., that provides foreclosure counseling. “If you’re in a home that under the most aggressive scenario you can’t afford, but maybe you got into it because of some toxic loan that should never have been available in the first place, you’re probably going to have to move. It’s best you get out smoothly.”

How to choose an agency
Seek only HUD-approved agencies. HUD makes it easy:   Type in your state or ZIP code at www.findaforeclosurecounselor.org or call HUD’s foreclosure counseling hotline at 800-569-4287 or its foreclosure prevention hotline at 888-995-HOPE (4673). HUD-approved agencies are all nonprofit, community-based organizations that have administered a housing counseling program for at least a year.

HUD-approved agencies also are required to:
•   Employ counselors who are knowledgeable about federal housing programs
•   Have a staff of counselors of which at least half must have two or more years of counseling experience. At least half must also have received housing counseling training in the past two years
•   Provide you with certain documents, such as a privacy agreement explaining how your personal information will be handled

In addition, at the agency you work with, see if you can find a foreclosure counselor who has certification through the NeighborWorks Center for Homeownership Education and Counseling Look (NCHEC), which has a Foreclosure Intervention and Default Certification Program. Certified counselors must follow NeighborWorks counseling standards and code of ethics and conduct.

They also are required to:
• Have at least one year of experience in foreclosure counseling
• Attend three foreclosure prevention courses

Need to Know Your Property Value?

Call or email us today for a FREE property analysis, and tips to get top dollar in a weak market! John & Dana Hybl 630-975-9000 Hyblhometeam@gmail.com We are Cambridge Pointe residents!

Buying?

The Hybl hometeam services NW Chicago and the suburbs! Foreclosures * Short Sales * New Construction * Existing Homes… we have it all at www.hyblhometeam.com To search pre-foreclosure & foreclosures go to www.Hyblhometeam.com

Search 70,000 properties for sale in Chicago & the Suburbs at www.HyblHomeTeam.com

Realty Executives Suburban

Rental Properties in Dupage County, Illinois Suburban County of Chicago Illinois. Rents, rental properties and investment properties

John Hybl — Fri, 12 Nov 2010 14:57:09 +0000

Currently in Dupage County thee are about 450 rentals available that have at least 2 bedrooms and a garage. Average price is $1750 per month and the market time average is 68 days. In the last 30 days there were 243 units rented with an average rental price of $1747. The average market time was 44 days.

Its a good time to rent a property! Links below access rentals for 2BR plus with a range of $1200 to 1800…

Click here for single family home rentals in Dupage County as of 11/12/2010.

Click here for townhomes, condos, etc available for rent.

For more details on any property call or email me.

John Hybl Realty Executives Suburban

HyblHomeTeam@gmail.com 630-975-9000

For a FREE list of the best investment values in Dupage County just email me. The link below will take you to a good article with information on investment property.

Click Here to know how to find a good investment property.

Watch a Video

John & Dana Hybl SFR, ABR, SRES
Broker Owners
REALTY EXECUTIVES SUBURBAN Group

Arlington Heights * Barrington * Bloomingdale

Direct: 630-975-9000 Email: HyblHomeTeam@gmail.com

Search 70,000 properties for sale in Northern Illinois at www.HyblHomeTeam.com . Also Nationwide Foreclosures…

Want to know what kind of mortgage you quailify for? Call Terry Majicih with Guaranteed Rate today! 630-310-9848

Are loan modifications helping property owners in Dupage County and communities like Naperville, Wheaton, Bloomingdale, Glen Ellyn, or wasting tax payers dollars?

John Hybl — Tue, 24 Aug 2010 15:59:39 +0000

Where have all the dollars gone?

An interesting video at: http://www.thinkbigworksmall.com/mypage/archive/1/52943/

HAMP is helping some property owers… want nmore information on short sales process, remodifications, refinance for your property, or buying foreclosures and short sales? email us at hyblhometeam@gmail.com

The Hybl Hometeam are certified Short Sale, Foreclsure Resources (SFR). If you have questions, concernes, or need advice on the foreclsoure, short sale process we can help. We have qualified Attorneys, Lenders and other professionals that can help nationwide… more information at www.HyblHometeam.com

Need to Know Your Property Value?

Call or email us today for a FREE property analysis, and tips to get top dollar in a weak market! John & Dana Hybl 630-975-9000 Hyblhometeam@gmail.com We are Cambridge Pointe residents!

Buying?

Search 70,000 properties for sale in Chicago & the Suburbs at www.HyblHomeTeam.com

Realty Executives Suburban

Dupage County Illinois gears up for students annual ritual of back to school… Stress and safety tips for parents in Wheaton, Naperville, Bloomingdale, and other Dupage county communities

John Hybl — Thu, 19 Aug 2010 17:25:33 +0000

It becomes very busy for parents and students alike as they prepare to head back to school.

Click here for our monthly newsletter on reducing “Back to School Stress”.

School Links: Click Here

Back to School Safety Tips from FOX News:

The Palmetto Health Children’s Hospital has named August Back to School Safety Month, and with summer ending and the start of school just around the corner, everyone needs to do their part to help children learn and practice the “Back to School Safety Rules” for walking, bicycling, and or riding in a School Bus or passenger car.

Back to School Safety Tips

Walking:

• Choose the safest route between home and school and practice walking it with children until they can demonstrate traffic safety awareness.

• Use the same route every day and avoid shortcuts.

• Walk to school with other students. Strength in numbers.

• Teach children to recognize and obey traffic signals and pavement markings.

• Always look both ways before crossing the street at the corner and never enter streets from between parked cars or from behind shrubbery.

• Avoid talking to strangers and keep distance between themselves any stranger attempting to approach or make contact with them. If a stranger approaches, tell a trusted adult such as a parent or teacher.

• Never get into a vehicle with a person even if you know them without your parents permission.

Riding Bicycles:

Bicycles are associated with more childhood injuries than any other consumer product except the car. To make sure children are safe when riding bicycles to school:

• Check with your school principal to make sure bicycles are allowed. Some schools do not allow students to ride bicycles until a specific grade.

• Make sure the student is wearing a helmet! Helmets can reduce the risk of head injury by as much as 85 percent.

• Obey rules of the road; the rules are the same for all vehicles, including bicycles.

• Stay on the right-hand side of the road and ride in the same direction as traffic.

• Know and use appropriate hand signals.

• Choose the safest route between home and school and practice it with children until they can demonstrate traffic safety awareness.

Bus Stop/Riding the Bus:

Although bus travel is one of the safest ways to get to and from school, injuries can still occur, and most of them take place when children are getting on or off the bus. Some safety tips for riding the bus are:

• Students should not attempt to ride a school bus, unless assigned by their school.

• Arrive at the assigned bus stop ten minutes before bus pickup.

• An adult should wait with children until the bus arrives.

• Wait quietly and orderly and be respectful and watchful of traffic.

• Stand on the sidewalk or curb and stay out of the street.

• Allow the bus to come to a complete stop.

• Board the bus in a quiet and orderly manner.

• Remain seated and keep head and arms inside the bus at all times.

• Cross the street in front of the bus so that the Bus Driver can see you.

• Do not shout or distract the driver.

Driving (Parents or Guardians):

Motor vehicle accidents are the leading cause of unintentional injury-related deaths among children age 14 and under. To reduce the risk of injury:

• Always use child safety seats and safety belts correctly when driving or riding in a car.

• Arrive early- especially the first few weeks of school- and use the school’s designated student drop- off and pick- up zone.

• Follow the designated procedures for Student Drop-Off or Pickup . This will assist in maintaining a timely flow of traffic.

• Maintain calmness and patience during the Dismissal or Drop-Off process. The normal procedures can be completed in a 30 minute window if there is patience and cooperation exhibited by all. Be a positive role model during this short period.

• Do not double park or make u-turns in front of the school or park in places that can obstruct the traffic flow and create hazardous conditions for pedestrians on campus.

• Students should enter and leave the car on the curbside designated for Student Drop-Off and Pickup.

• Pick your child up on time so they are not left waiting near or out front of the school unattended.

In School / On Campus Rules:

Make sure students are aware of all school rules governing their behavior while in school.

• Children may be embarrassed about being targeted by bullies, let them know it’s OK to report a bully to a teacher, principal or resource officer. Stop Bullying Before it Starts!

• Never be afraid to tell a teacher or administrator if you see something happening that you know is wrong.

• Teach children proper playground behavior: No pushing, shoving, or crowding.

• Do not share Locker combinations with other students.

• Do not bring illegal items to school: I.E.: Guns, Knives, Matches, Lighters, etc.

• Think about your actions before you react to a situation.

• Stay around positive people… Don’t try to fit in….BE YOURSELF!

• Set goals for the school year & achieve them!

• Students who drive to school should check their automobile daily for contraband before entering campus.

• Avoid being robbed; encourage students to leave the iPods, iPads and other electronic toys at home. Use Cell Phones only when appropriate.

• Go to orientation and meet your teachers! It’s good for them to know you before you arrive on the first day, and even better if your parents can meet them as well!

Need to Know Your Property Value?

Call or email us today for a FREE property analysis, and tips to get top dollar in a weak market! John & Dana Hybl 630-975-9000 Hyblhometeam@gmail.com We are Cambridge Pointe residents!

Buying?

Search 70,000 properties for sale in Chicago & the Suburbs at www.HyblHomeTeam.com

Realty Executives Suburban

New FHA underwater Refi program has just been announced! Can help many property owners in Wheaton, Napervillle, Bloomingdale, and other communities in Dupage County Illinois

John Hybl — Tue, 10 Aug 2010 14:04:57 +0000

About a quarter of U.S. homeowners with a mortgage owe more on the loan than their home is worth, and home prices are threatening to decline further and send even more borrowers underwater. The FHA ( Federal Housing Administration) though is trying to help again.

On September 7, FHA will offer new FHA-insured mortgages to certain underwater, non-FHA borrowers who are current on their mortgage payments and whose lenders agree to write off at least 10 percent of the unpaid principal balance. This last part could prove to be the difficult partat that causes this program to fail or have sub par results… leading to more criticism of what our banks, lenders and government are doing to help out struggling home owners.

Over Under on complered loans is 1000 :<

FHA Link with details

Video on topic from Think Big, Work Small

Need to Know Your Property Value?

Call or email us today for a FREE property analysis, and tips to get top dollar in a weak market! John & Dana Hybl 630-975-9000 Hyblhometeam@gmail.com We are Cambridge Pointe residents!

Buying?

Search 70,000 properties for sale in Chicago & the Suburbs at www.HyblHomeTeam.com

Realty Executives Suburban

Where to find solutions, help and get answers to loan modifications, short sales in Dupage County and communities like Wheaton, Naperville, Bloomingdale, Carol Stream, Illinois

John Hybl — Fri, 06 Aug 2010 13:39:49 +0000

Many property owners are struggling with their mortgage payments… for help go to www.KnowYourOptions.com This site is not a scam rip off mortgage modification company, but a government site.

If you want more information on the short sale/ foreclsoure process call us anytime. we are certified Short Sale Foreclsoure Resources through National Association of Realtors. More information at www.JohnHybl.com Or call direct at 630-975-9000. John@JohnHybl.com

Need to Know Your Property Value?

Call or email us today for a FREE property analysis, and tips to get top dollar in a weak market! John & Dana Hybl 630-975-9000 Hyblhometeam@gmail.com We are Cambridge Pointe residents!

Buying?

Search 70,000 properties for sale in Chicago & the Suburbs at www.JohnHybl.com

Realty Executives Suburban 398 W Army Trail Bloomingdale

3000 sf Home Just Listed in Medinah, Illinois. 1/2 acre lot with great views

John Hybl — Wed, 19 May 2010 15:52:51 +0000

6N282 Harvey Rd. Medianh,Il. 60157 $429,900

A beautiful, well maintained home awaits you here. Remodeled from top to bottom with gourmet kitchen, sun room, family room with fireplace, 3 car tandem garage, on a 1/2 acre lot. Walk to park and Medinah Christian School. Minutes to Metra Train Station or expressways.

* 4 Bedrooms
* 2.5 baths
* New Roof
* Family Room
* Sun Room
* Office
* Large living room with bay window

Virtual Tour Click Here

John & Dana Hybl SFR, ABR, SRES
Broker Owners
REALTY EXECUTIVES SUBURBAN Group

Arlington Heights * Barrington * Bloomingdale

Direct: 630-975-9000 Email: HyblHomeTeam@gmail.com

Search 70,000 properties for sale in Northern Illinois at www.HyblHomeTeam.com . Also Nationwide Foreclosures…

Want to know what kind of mortgage you quailify for? Call Terry Majicih with Guaranteed Rate today! 630-310-9848

HUD announces new program for property owners underwater, helping owners in Carol Stream, Bloomingdale, Wheaton, Naperville, Downers Grove, and Roselle

John Hybl — Mon, 29 Mar 2010 16:50:44 +0000

”Think Big, Work Small” Video of todays HUD announcement

Today, as part of the Obama Administration’s commitment to continuously improve housing relief efforts, we announced adjustments to FHA programs to provide additional refinancing options to homeowners who owe more than their home is worth. These adjustments will provide an option for qualifying homeowners to be refinanced into a FHA loan as long as they are current on their mortgage and their lender reduces their total mortgage debt by at least 10% of the loan amount. The new FHA loan will have a balance closer to the current value of the home–giving homeowners a path to regain equity in their homes and an affordable monthly payment. FHA Refinance Option for Underwater Homeowners–Encouraging Responsible Refinancings

Total mortgage debt for the borrower after the refinancing cannot be greater than 115% of the current value of the home–including both first and any other mortgages. Moving beyond many previous efforts focused exclusively on affordability, this will secure affordability and focus on bringing the value of underwater borrowers’ loans closer to the current value of their homes through principal writedowns.

Detailed guidelines will be announced by an FHA Mortgagee Letter in the near future. We will move to implement this as quickly as possible and expect it to be available within the next few months. Let me provide an overview for you of the key features of this refinancing option.

Reduced monthly mortgage payments to facilitate sustainable. homeownership

o Monthly mortgage payment set at prevailing FHA interest rate.

Total monthly mortgage payment, including for second mortgage, will not be greater than approximately 31% of income and total debt service including all forms of household debt will not be greater than approximately 50%, except for some borrowers with especially strong credit histories. Existing lenders can retain second mortgages on the property, but only up to a combined 115% of the current value of the home.

If there is an existing mortgage that is not extinguished, holders must agree to re-subordinate and extinguish any amount over 115% of the current value of the home. Homeowner Eligibility

Homeowners must be current on their mortgage payments.

Homeowner must occupy the home as their primary. residence and fully document their income.

Homeowners must qualify under standard FHA borrower guidelines.

o Homeowners must have a FICO credit score of at least 500.

Existing lenders’ choice to consent for an FHA refinancing of this type is voluntary given the principal writedown requirement. Thus, not all homeowners who meet above criteria will receive an FHA refinanced loan.

As with any loan forgiveness, the short refinancing will be reflected on borrowers’ credit score. Performance of these refinanced loans will not count against lenders for their Credit Watch scores, if the above parameters are met.

Up to $14 billion in TARP funding will be allocated to support the FHA refinance options, though we expect less to be needed. These funds will be allocated to the extinguishments of second liens, servicer incentives, and coverage for some share of potential losses resulting from the newly refinanced loans.

Example of a Typical FHA Refinance



In 2006: Family A took out a 30-year fixed mortgage with a balance of $250,000 and an interest rate of 9.0%. Their monthly payment was about $2,000 per month.



Today: Home prices have dropped and Family A’s home is worth $180,000.



With a FHA Refinance: Family A’s loan balance will be reduced to $207,000 and their monthly payment will fall to about $1300 per month.

This will reduce their principal balance by about $33,000 and reduce their monthly payments by about $700 per month, saving the family $42,000 over the next 5 years.

For a FREE copy of this HUD report, email us at Hyblhometeam@gmail.com

John & Dana Hybl SFR, ABR, SRES
Broker Owners
REALTY EXECUTIVES SUBURBAN Group

Arlington Heights * Barrington * Bloomingdale

Direct: 630-975-9000 Email: HyblHomeTeam@gmail.com

Search 70,000 properties for sale in Northern Illinois at www.HyblHomeTeam.com . Also Nationwide Foreclosures…

Want to know what kind of mortgage you quailify for? Call Terry Majicih with Guaranteed Rate today! 630-310-9848

Voluntary option for lenders and borrowers with mortgages not currently insured by FHA.

Encourages lenders and borrowers to work together, when appropriate, to restructure debts.

Eligible underwater loans are refinanced into new FHA-insured loans on standard FHA refinance terms for documentation, income ratios and complete underwriting.

Terms of FHA refinancing:

Those loans that have a minimum writedown of at least 10% and a total mortgage loan to value of less than 115%. o

FHA loan will be equal to no more than 97.75% of the value of the home. o

Combined mortgage debt must be written down to a maximum of 115% of the current value of the home. o Standard mortgage insurance premium structure will apply.

Mandatory principal writedown as part of refinance.

Minimum writedown by lender of at least 10% of the unpaid balance of the original loan.