Chicago River North Real Estate & So Much More!

Ontario Place Short Sales| 10 E Ontario| River North Short Sales| River North Condos

 

River North Short Sales| Ontario Place Condos| Ontario Place Short Sales| 10 E Ontario| River North Condos

Located in the Chicago River North neighborhood, the River North Condos  at Ontario Place @ 10 East Ontario in River North Chicago has been a hot bed of River North short sales and River North foreclosures for the last 2 years..  . This American Invesco Condo project was doomed from the beginning and the result is poorly run River North Condos with a extremely large amount of distressed properties.   

Don't lose your home to foreclosure! Let my experienced Chicago Short Sales Team help you avoid foreclosure! We have the experience you need to help you avoid foreclosure by getting the bank to accept a short sale on your home! Dont wait until it is too late, view our  Chicago Short Sales Website to learn more. Our broker service is completely FREE TO YOU!

River North SHORT SALES Data
Ontario Place| 10 East Ontario| Ontatio Place Condos
(As of Jan 2012) 

Current Number of Ontario Place Condos For Sale: 10

Current Number of Ontario Place Condo Short Sales For Sale: 9

Prices for these River North Condos range from: $118,000--$189,000

Currently, The Ontario Place Condos have a 90% Short Sales and Foreclousre rate!!!

 From River North Condos, River North Short Sales, Chicago Short Sales, I have it covered! Please Contact Me for all of your Chicago Real Estate and Chicago Short Sales Needs!

Jim Kontos
President--Broker--River North Real Estate Expert--Chicago Short Sales Expert
RE/MAX 1st Class
RE/MAX River North
Cell 630 327 9136
Office 847 674 9797
Office #2 312 643 2087
jpkontos@gmail.com
www.rivernorthhomes.com
www.mychicagoshortsalesite.com
www.jkontos.illinoisproperty.com 

 

River North Short Sales| Bank Of America Short Sales| Bank Of America Short Sale Documents

RIVER NORTH SHORT SALES| BANK OF AMERICA SHORT SALES DOCUMENTS

In todays River North Real Estate Blog post, we will be discussing River North Short Sales I and I will covering what documents are required by Bank Of America for their Short Sales Package.  If you are a loyal reader of my River North Real Estate or Chicago Short Sales blog or one of my clients, you  are well aware of what a short sales package is, what documents are usually involved and how every bank has different requirements.

Currently, Bank of America is the leader in quantity of short sales deals ( They can thank Countrywide bank and the United States Government) They are swamped with short sale requests. The Bank of America Short Sales Package is definetely not shy of paperwork. If you are going to be doing a short sales with Bank of America,  you are going to need the following

Bank Of America Short Sale Documents Needed

1) Last Two Year Tax Returns
2) IRS Form 4506-T
3) W-2
4) Last two months of Bank Statements (All Pages)
5) Hardship Letter
6) Financial Analysis Breakdown
7) Utility Bills
8) If you have been laid off, you are going to need documentation of this
9) Property Tax Bill
10) Last Two Check Stubs 
11) Profit & Loss Statement If You Were|Are Self Employed

These are the documents you are going to need to provide to your realtor. Do not wait until you receive a offer on your property to get the ball rolling on getting all the documents needed for your short sale. BE PREPARED!!! 

In addition to the above documents you are going to need to provide, your realtor is also going to have to send the:

1) Listing Agreement
2) Signed Purchase Contract
3) Buyers Information with the buyers names, addresses, birthdays and social security info
4) Comparable properties
5) The Listing History of your property
6) Preliminary HUD1 Statement 

Dont lose your home to foreclosure!! Let my Chicago Short Sales Team help you avoid foreclosure and all the negative aspects a foreclosure brings.  Contact us today to schedule a Free andConfidential consultation to see if a short sale will work for you!  All you have to lose is Phone Call or Email!

Jim Kontos
President|Broker
RE|MAX 1st Class
River North Real Estate Expert
Chicago Short Sales and Foreclosure CDPE Expert
Direct 630 327 9136  
jpkontos@gmail.com
www.rivernorthhomes.com
www.mychicagoshortsalesite.com

Your River North Real Estate Expert!

Admirals Pointe Condos| 645 N Kingsbury #1007| River North Short Sales| River North Real Estate

 

River North Short Sales| Admirals Pointe Condos| 645 N Kingsbury #1007| River North Condos

River North Short Sales are the topics of todays Chicago River North Real Estate post! The River North Short Sales and Foreclosure Rate has been increasing slowly every month.  The River North Real Estate market has signficantly more short sales than foreclosures.

The newest River North Short Sale is #1007 located at the Admirals Pointe Condos building at 645 n Kingsbury. This building has seen its share of short sales and foreclosures over the last 6 months unfortunately. The "07" layout is a junior 1bedroom/1bathroom layout and is the smallest 1bedroom layout at Admirals Pointe

Admirals Pointe Condo| #1007| 645 N Kingsbury
1bed/1bath  (junior 1bed/1bath)
Monthly Assessments: $376
Assessments Include: Heat, Water, Air, Gas, Doorman, Workout

Listed at: $185,000 (includes indoor parking garage)

To schedule a showing of the River North Short Sales condo at Admirals Pointe, please contact me 

Jim Kontos
President-Broker-River North Short Sales Expert-Chicago Short Sales Expert
RE/MAX 1st Class
RE/MAX River North
jpkontos@gmail.com
Direct 630 327 9136
Office 847 674 9797

River North Short Sales| 845 N Kingsbury #612| River North Real Estate| River Village Pointe

RIVER NORTH SHORT SALES| 845 N KINGSBURY| #612

Another River North Short Sales has hit the market! The latest River North Short Sales condo is located at the River Village Pointe building at 845 N Kingsbury. Unit #612 is a 1bed/1bath updated condo with garage parking included in the price!!

River Village Pointe is located north of Chicago Avenue in the Chicago River North Neighborhood.  These condos are a bit of a tougher sell due to their location. Buyers generally want to be south of Chicago Avenue when it comes to River North Real Estate

845 N Kingsbury
Unit# 612
1bed/1bath
750 sq ft
Monthly Assessments: $456
Assessments Include: Water, Doorman, Workout Room, Garbage & Snow Removal
Garage Parking Included In Price 

Listed for $247,000

The Chicago Short Sales and River North Short Sales numbers are growing every month. Unfortunately we are seeing new short sales and foreclosure properties hitting the market every day.

Jim Kontos
President-Broker-River North Real Estate Expert-Chicago Short Sales Expert
RE/MAX 1st Class
RE/MAX River North
Direct 630 327 9136
Office 847 674 9797
Office 312 643 2087
jpkontos@gmail.com
www.rivernorthhomes.com
www.mychicagoshortsalesite.com

There are several river north realtors out there to chose from, but only a handful have the experience and knowledge that I bring to my clients

 

 

Negotiating Short Sales| River North Short Sales| Chicago Short Sales

River North Short Sales| Negotiating Short Sales

When it comes to Chicago Short Sales and Suburban Short sales, there are alot of important information that individuals who are trying to short sell their homes need to know.  Everywhere I turn I see advertising for Chicago Short Sales realtors who are "experts"  in short sales and short sales negotiating.. And yes some of these real estate professionals actually do know what they are doing and can be characterized as experts in this field. While others have no idea what they are doing or let attorneys handle the leg work.

But the question is: How Much Negotiating Is Actually Done?

The Answer is: It Depends if seller has a Fannie Mae or Portfolio Loan

If a seller has a Fannie Mae loan and has Pmi, NO REALTOR can Influence whether Fannie Mae or the PMI company will accept the offer on a short sale!!!!  There really isnt much negotiating to be done when dealing with these types of loans. The negotiating that can occur on these types of loans deals  more with any money that needs to be paid back to the Pmi company or Fannie Mae the homeowner. Usually in the form of a unsecured loan that needs to be paid back over a certain amount of years.

If a seller has a has a Portfolio Loan (which means that your bank hasnt sold your loan on the secondary market yet  i.e Fannie Mae,Freddie Mac) then a realtor  Can Actually Negotiate A lot More With The Bank on your behalf to get the short sale approved 

Dont lose your home to foreclosure! Let my Chicago Short Sales Team help you avoid foreclosure and the negative effects a foreclosure brings! From Chicago Short Sales to Suburban Short Sales, we have the short sales experience you need!  Call or Email us now to schedule a Confidential consultation to see if a short sale will work for you!

Jim Kontos
President-Chicago Short Sales Expert-River North Short Sales Expert
Founder Of Kontos Short Sales Group
RE/MAX 1st Class
RE/MAX River North
Cell 630 327 9136
Office 847 674 9797
jpkontos@gmail.com
www.mychicagoshortsalesite.com
www.jkontos.illinoisproperty.com

YOUR CHICAGO SHORT SALES EXPERTS

 

The Sterling| 345 N Lasalle| River North Short Sales| River North Condos

  

RIVER NORTH SHORT SALES: THE STERLING| 345 N LASALLE

River North Short Sales are on the rise at The Sterling Condo Building at 345 N Lasalle! The River North Real Estate Market has been seeing a monthly growth in the number of River North Condos and River North Homes that are currently listed as short sales and foreclosure.  The Sterling Condos located at 345 W Lasalle is currently one of the most hard hit buildings in the River North Neighborhood

The River North Short Sales rate at The Sterling  is easily one of the highest in the River North Neighborhood along with the Ontario Place Condos and the Millenium Centre Condos!

River North Short Sales Data For
The Sterling Condos @ 345 N Lasalle
(As of February 2011) 

Number Of River North Condos For Sale At The Sterling: 16

Number Of Short Sales|Foreclosures For Sale At The Sterling 12

Prices For The Short Sale Condos Range From $150,000--$440,000

Current Short Sales Rate At The Sterling: 75%

These River North Short Sales Numbers are UNBELIEVABLE!! 75% of the condos for sale at The Sterling at 345 N Lasalle are Distressed propeties! This is significantly higher than the River North Condos at Ontario Place or Millenium Centre..

Dont lose your River North Home to Foreclosure! Let My Chicago Short Sales Team help you avoid foreclosure and all the pitfalls that a foreclosure can bring! Our team is composed of experience short sales realtors, and loss mitigation executives! We have the experience you need! Please contact us for a Free and Confidential consultation to see if a short sale will work for you!

Jim Kontos
President-Broker-Chicago Short Sales Expert-River North Homes Expert
RE/MAX 1st Class 
RE/MAX River North
Cell 630 327 9136
Office 847 674 9797
Office #2 312 643 2087
jpkontos@gmail.com
www.rivernorthhomes.com
www.mychicagoshortsalesite.com 

There are several River North Realtors out there to chose from. But only a few of these River North Realtors can get you the results that I can get you!

435 W Erie #2201| River North Short Sales| River North Condos

River North Short Sales: Erie Centre Tower| 435 W Erie #2201

The amount of River North Foreclosures has been fairly low while the level of River North Short Sales on the other hand has been increasing every month. The Chicago River North real estate market has been fortunate that it hasn't been bombarded with foreclosures.....yet

The latest River North Short Sales is a 2bed/2.1bath Duplex Up, Penthouse condo. #2201 at the Erie Centre Tower at 435 W Huron is a must see!!  The inside of this River North Condo is just as spectacular as the views from the condo as well as the wrap around balcony!

Erie Centre Tower| 435 W Erie #2201
2bed/2.1bath
2 car tandem garage
monthly assessments: $1241
assessments include: heat, water, air, gas, doorman, workout room, party room, garbage/snow removal
taxes: $9633

Listed for $895,000

For all of your River North Short Sales and River North Foreclosures Needs, please contact me any time, day or night! Let my River North Real Estate and Short Sales Experience work for you!

Jim Kontos
President-Broker-River North Short Sales Expert-Chicago Short Sales Expert
RE/MAX 1st Class
RE/MAX River North
Cell 630 327 9136
Office 847 674 9797
Office #2 312 643 2087 
jpkontos@gmail.com
www.rivernorthhomes.com
www.mychicagoshortsalesite.com

Millenium Centre Short Sales| 33 W Ontario| River North Short Sales| Millenium Centre Condos

 

Millenium Centre Short Sales| 33 W Ontario| River North Short Sales| Millenium Centre Condos

Located in the Chicago River North neighborhood, The Millenium Centre At 33 W Ontario is another condo project brought to us by American Invsco. American Invsco is the largest condo developer in the country. They are more know for condo coversions, but Millenium Centre is a new construction project, not a condo conversion. I will discuss in further detail the River North Condos at Millenium Centre in future posts, but this post is focusing on the the River North Short Sales at Millenium Centre.

The Chicago River North Real Estate Market is seeing its fair share of short sales and foreclosures rise every month unfortunately.  The condos at Millenium Centre are just another example of the trend we are seeing in the market with distressed properties

RIVER NORTH SHORT SALES DATA FOR
MILLENIUM CENTRE| 33 W ONTARIO
(As of August 2011)

Current Number Of River North Condos For Sale At Millenium Centre: 14

Price range from $185,000--$1,475,000

Current Number of River Condos For Sale At Millenium Centre That Are Short Sales: 9

Currently at Millenium Centre, there is almost a 75% short sales rate!! If you add in the foreclosures at Millenium Centre, the distressed property rate is now over 50%

Looking to Buy or Sell at Millenium Centre at 33 W Ontario? Please contact me to set up a confidential listing appointment or to schedule a private showing of the River North Condos and River North Short Sales currently for sale!

Jim Kontos
President-Broker-River North Real Estate Expert-Chicago Short Sales Expert
RE/MAX 1st Class
RE/MAX River North
RIVER NORTH REALTOR 
Cell 630 327 9136
Office 847 674 9797
Office #2 312 643 2087
jpkontos@gmail.com
www.rivernorthhomes.com 

There are several River North Realtors out there to chose from, but only a handfull  of these River North Realtors can get you the results that I can get you

Short Sales At Admirals Pointe| 645 N Kingsbury| River North Condos

River North Short Sales are on the rise in the Chicago River North neighborhood. The condos at Admirals Pointe @ 645 N Kingsbury have seen a bump in the amount of short sale properties for sale.  Condos have seen a jump in short sales across the board in Chicago 

Currently 30% of all the River North Condos for sale at Admirals Pointe are short sales.  Prices are dropping all across the board at Admirals Pointe. It is a great time to buy at 645 N Kingsbury! The location of these River North Condos cannot be beat!

To schedule a Private and Confidential showing request for the River North condos at Admirals Pointe or for all other River North Real Estate inquiries, please contact me!

Jim Kontos
President-Broker-River North Real Estate Expert-River North Short Sales Expert
RE/MAX 1st Class
RE/MAX River North
cell 630 327 9136
office 847 674 9797
jkontos@remax.net
www.rivernorthhomes.com
www.mychicagoshortsalesite.com
www.jkontos.illinoisproperty.com
Your Chicago River North Real Estate Expert!

There are several River North Realtors out there to chose from, but only a handfull of these River North Realtors can get you the results I can get you! 

 

 

River North Short Sales July 2010| River North Short Sales

We all know that the amount of short sales are increasing all throughout the country, and the Chicago Real Estate and Chicago Condo market is no exception to this unfortunate fact.. The River North Short Sales rate was almost non existent a few years ago. While River North Chicago surely hasnt been overtaken with short sales and foreclosures, the numbers are slowly increasing.. River North Condos have been feeling the effect of all of this. Looking to buy a Chicagoland short sale or foreclosure? If so, please view my free RE/MAX sitefor access to Chicago Short Sales and Chicago Foreclosures.

RIVER NORTH SHORT SALES STATISTICS FOR JULY 2010

Current number of River North Condos For Sale As Short Sales or Foreclosures: 120

Current number of River North Condos For Sale: 970

Current River North Short Sale Rate For RIver North Condos Currently For Sale: 12%

Amount of River North Short Sale Condos That Sold In July 2010: 20

So we are looking at a 12% short sale rate for the River North Condos that are currenly for sale in the River North Neighborhood of Chicago and about a 17% successful river north short sale closing rate.

Don't lose your home to foreclosure! If you or someone you know is struggling with their mortgage payments and could be losing their home to foreclosure, CONTACT US immediately! Let my experience Chicago Short Sale team help you try and avoid foreclosure. You have nothing to lose and everything to gain by contacting us for a completely FREE and CONFIDENTIAL meeting! 

Lookin to Buy or Sell a River North Chicago Condo or River North Chicago Home? Or you would just like to speak to a experienced Chicago Real Estate Broker?  If so please CONTACT ME for all of your River North Real Estate needs. Let my real estate experience, education and knowledge that sets me apart from my competition work for you!

Jim Kontos
President-Broker-Chicago Short Sale Expert-Multi Million Dollar Producer-River North Resident--River North Condo Specialist
RE/MAX 1st Class
Cell 630 327 9136
Office 847 674 9797
Office #2 312 643 2087
jkontos@remax.net
www.rivernorthhomes.com
www.mychicagoshortsalesite.com
www.jkontos.illinoisproperty.com

 

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