Listing: 3847 W. 82nd PL. Chicago, IL 60652 MLS #: 08694961 CLOSED

CLOSED

Listing Price: $135,000

3 Bedrooms

2 Full Bathrooms

1.5 Car Garage w/ Side Driveway

CC; Pursuant to Short Sale. Well maintained 3 Bedroom Raised Ranch in The Ashburn Area. Hardwood wood floors, full finished basement, 1.5 car garage with side drive. Home only needs a few finishing touches to make it your own.

Why rent when you can own?

In today’s market it’s kind of a catch 22 for many people who want to get in the business of buying real estate. The property is cheap but it is harder to get a loan. Some may not even know the steps to take to become a homeowner. Some people may feel that they are ready to buy a home but the mortgage companies may not agree. If you are one of these people then the best option for you would be to find a “Rent to own” or “Rent with option to buy” program. The “rent to own” program  helps individuals who are unable to get a home loan due to unpaid debts or low credit scores rent a property for a specified time period and if the rent is paid on time every month the owner will sell the property to the tenant. Many owners understand that it is becoming harder to get a loan and are willing to work with potential buyers to help them gain the security of owning a home. The real estate market is always changing, and not always for the better, but with change comes new opportunities and the opportunity to own a home is still attainable.
For more information on the Rent to Own program feel free to send me a message at markdewberry1@gmail.com or Call 773-710-6016.

Listing: 10609 S. Indiana Ave. Chicago, IL MLS#: 08343392 CLOSED

CLOSED

Listing Price: $45,000

3 Bedrooms

2 Bathrooms


CC: Pursuant to short sale. Well maintained 2 bedroom brick Georgian with addition 3rd bedroom in basement. Property is being sold AS-IS. Earnest money must be certified funds. Lender approval needed.

Mortgage Executives Sentenced in $3 Billion Fraud Ring

Two executives from Taylor, Bean & Whitaker Mortgage Corp, formerly one of the country's largest privately held mortgage lending companies were sentenced to several years in prison for their involvement in an estimated $3 billion mortgage fraud ring. Former president Raymond Bowman, and former treasure Desiree Brown were convicted for their roles in trying to hide major company losses by transferring money between accounts at Colonial Bank and selling bogus mortgage loans that either were previously sold or never existed. Bowman was sentenced to 30 months in prison while Brown was sentenced to 6 years in prison. Former chairman Lee Farkas who prosecutors named the ring leader of the fraud is set to be sentenced June 27.

According to prosecutors the mortgage fraud ring lasted more than 7 years until August 09 which caused the collapse of Taylor, Bean, & Whitaker mortgage corp and Colonial BancGroup Inc.'s Colonial Bank.

While it seems that the government is starting to make those at fault pay, their are still much bigger fish to fry.