This is a great article from Mortgage Calculator that talks about the rise of mortgage fraud and how to spot common schemes.
https://www.mortgagecalculator.org/helpful-advice/avoiding-fraud.php
This is a great article from Mortgage Calculator that talks about the rise of mortgage fraud and how to spot common schemes.
https://www.mortgagecalculator.org/helpful-advice/avoiding-fraud.php
This is a great article regarding mortgage wire fraud found on Housingwire written by: Thomas Cronkright
https://www.housingwire.com/blogs/1-rewired/post/43411-how-to-detect-mortgage-wire-fraud-before-it-is-too-late
We are excited to announce that The Law Offices of Jonathan M. Aven, LTD is a winner of Yelp’s 2018 “People Love Us On Yelp” award. Currently, our Yelp page has 78 5-Star reviews, photos of our services, our location and contact information are easily accessible so you can always get in touch with us, and we reply to all messages promptly. Yelp awards business two times a year with the “People Love Us on Yelp” accolade. This award is based on high-quality reviews, photos, and easily accessible information to the consumer.
Yelp is an online tool, founded in 2004, to help people find great local businesses like, lawyers, real estate professionals, and so much more! In addition to reviews, you can also use Yelp to find events, lists, and to talk to other Yelp users. Yelpers had written 100’s of millions of reviews. However, Yelp isn’t just for customers – business owners can use Yelp, too! Every business can set up a free account and post photos, reply to reviews, and message users. You can access Yelp either online or on your mobile phone. A Yelp app is available for both iPhone and Android. To check out our Yelp page, Click Here.
Once again we are so excited to be receiving this award. Thank you so much to our customers and partners who have made this reward possible. (Oh, and please remember to “Like” us on Facebook too!
Summer is a busy home-buying season. If you’re in the market for a new home this year, watch out for mortgage closing scams. According to reports, the scams target homebuyers who are nearing the closing date on their mortgage loan. Learn more about closing scams from this article by the Consumer Financial Protection Bureau.
https://www.consumerfinance.gov/about-us/blog/buying-home-watch-out-mortgage-closing-scams/
The information contained in the Illinois Condo Unit Owner’s Rights & Responsibilities Handbook is a brief overview of the duties, rights, and responsibilities of Illinois unit owners in condominium developments. This information is intended to provide general information and is NOT a substitute for obtaining legal advice to address specific situations. Since this publication may not contain subsequent changes in the law, it should only be used as a general source of information.
https://www.idfpr.com/CCICO/PDFs/Condo%20Rights%20and%20Responsibilities%206.0.pdf
The Department of Housing and Urban Development (HUD) sets income limits that determine eligibility for assisted housing programs.
These are the HUD Income Limits as of April 1, 2018
https://www.huduser.gov/portal/datasets/il.html
Here is a great resource that informs you about Illinois Property Tax Rate for 2018 along with various tax rates in Illinois as well as in other states.
This link will take you to Cook County Property Tax Rate 2018. https://goo.gl/3wKYv7
On December 20th, 2017, Illinois governor Bruce Rauner signed into law Public Act 100-0571, which reduces many Illinois LLC filing fees (including new LLC formations and annual report fees) by up to 70%!
Until the change in the law, filing fees for a new LLC were $500 and the annual report fee was $250. They have now been reduced to $150 for a new LLC filing and $75 for the LLC annual report filing.
Also known as a lease option, a rent-to-own contract allows renters to lease a property and, at the end of the lease (usually one to three years), have the option to purchase the home at a predetermined price. Ideal candidates for a rent-to-own option are potential home buyers who dream of ownership but are also concerned they haven’t saved up enough cash for a down payment.
As a renter, you must be cautious before you sign a rent-to-own contract. There are many stipulations… READ MORE
Mortgage fraud schemes are the intent to materially misrepresent or omit information on a mortgage loan application in order to obtain a loan or to obtain a larger loan that could have been obtained had the lender or borrower known the truth.
With today’s inherent complexity of real estate transactions, particularly those involving investors, offers ample opportunity to commit fraud.
Fannie Mae recently created a report that outlines common characteristics that accompany most fraud-for-profit schemes, and identifying them can be helpful in determining whether a loan is part of a larger fraud scheme. To view the report: http://bit.ly/2xFjTmp