Beth Brace's (bbrace) Blog

By
Real Estate Agent - Roudebush Realty,Inc.
RECENT BLOG POSTS
One of the Greatest Quotes This is by far one of my favorite quotes and during tough times I read it often.   One of the great quotes is from mountaineer W. H. Murray: Nothing happens until you decide  Until one is committed, there is hesitancy, the chance to draw back, always ineffectiveness. Co...
05/03/2010
Foreclosures up 8%, Chicago, LaGrange, Hinsdale, DuPage County This is the newest report out from the Chicago Tribune. SO once again, the government needs to get out of this and let us do our jobs and hit the true botom of this market. We are not even there yet and the government is in the way, a...
04/16/2010
Spring time is in the air. There is nothing like waking up at 4a.m. with the windows open and the birds are just starting to call. It is that time of year finally. In the Chicago area this is so welcome due to the very long winter we had this past season. It has been over 96 days of unseasonable ...
04/15/2010
Key Points of the Bank of America Announces Loan Balance Reduction Program: The loan reduction program is invitation only. That means that you can not ask for it, they will tell you if you are invited to get relief. If you got your loan from Bank of America, don’t expect any help. This program is...
03/25/2010
From Crain’s: Bank of America has filed a $40-million foreclosure lawsuit on a 225-unit River North condominium project in what could be a preview for other slow-selling downtown high-rises. The developer of the 38-story Silver Tower didn’t pay back B of A’s loan by its Dec. 29 due date, accordin...
03/11/2010
J.P. Morgan Chase is reportedly projecting ahead into the not too distant future and has concluded that bank-owned sales “as a share of total home sales will remain at current or even higher levels three years from now…” reports the Wall Street Journal. This is not news to any of us agents. The m...
03/10/2010
The inclusion of Citi Property Investors to Apollo’s portfolio will more than triple the private equity firm’s real estate assets, the agency said. City Property Investors’ portfolio includes 65 investments in 26 countries with a net asset value of $3.5 billion, according to the agency. Apollo s...
03/10/2010
This is a very hard and upsetting situation. I have a customer who has listed her condo with me. Wonderful, we get an offer only to learn that the building is NOT qualified for FHA lending because units are rented instead of owner occupied. SO the buyer is turned down on the financing. Last week ...
03/08/2010
When I read my letter from Warren Buffet about the real estate market and it turn around in 2011 from this mega star I am still not convinced. I hope that he is correct ut I feel the market is so flooded with inventory, and I read 2 million plus more foreclosures coming from the banks this year. ...
03/01/2010
I can believe in flipping but in this market. I have been proven wrong. In Hinsdale this home was listed as a short sale  3/3/09 @ 750.000. Then it  was relisted on 8/6/09 for 308,500. CLosed on 9/18/09 for 308,500. The home was relisted in 11/7/09 for 685,000. the house is under contract @ 679,0...
03/01/2010
Rainer
23,565

Beth Brace

Hinsdale, Oak Brook, La Grange, Homes
local_phone63(032) 312-3400
smartphone(630) 464-2633
Contact The Author