Check Your Warranty

If your buyers are interested in something quaint around Grant Park, like a nice condominium at Aqua or Metropolitan Tower, they’re not alone.  Chicago-area condos, while still in recovery mode might just be ready for uptick in sales.  And as you and your buyer shop for that perfect condo, remember; condo financing has a few [...]

Midwest Farmland Values Gain as Record Crop Prices Boost Demand

"Farmland values in five Midwest states rose 13 percent in the third quarter from a year earlier as record corn and soybean prices spurred demand from farmers and investors, the Federal Reserve Bank of Chicago said. Higher commodity prices and crop insurance more than offset losses from the worst drought in 56 years, boosting farm income [...]

Maximum Loan Amount for Freddie Mac Relief Refinance Mortgages

NOTE FROM MY INVESTORS: Determining the Maximum Loan Amount for Freddie Mac Relief Refinance Mortgages Correspondent lenders are reminded that Freddie Mac Relief Refinance Mortgages must have the proper maximum loan amount calculated to be eligible for purchase by the majority of mortgage investors. To assist correspondent lenders, attached is Freddie Mac’s worksheet for Determining the [...]

Brookfield Asset Management acquires Prudential Real Estate and Relocation Services

Last night Brookfield Asset Management announced the purchase of Prudential. Here is a copy of an early press release from Brookfield: Brookfield acquires Prudential Real Estate and Relocation Services Brookfield Residential Property Services, a Brookfield Asset Management (BAM) affiliate, announced that it has purchased Prudential Real Estate and Relocation Services, or PRERS, from Prudential Financial [...]

Freddie Mac Gets Real on Agent Sales Promotion

Freddie Mac launched a sales promotion for its inventory of foreclosed homes in select states. Under the HomeSteps Winter Sales Promotion, HomeSteps will pay up to 3% of the final sales price towards the buyer's closing costs and a $1,000 selling agent bonus for initial offers received between Nov. 15 and Jan. 31, 2012. Freddie Mac [...]