The Chicago market: What buyers should know
Tuesday, April 27th, 2010
Genie Birch, a Realtor with Koenig & Strey GMAC Real Estate and president of the Chicago Association of Realtors, talks to Joe Askins of YoChicago.com about what buyers should know as they start looking for a home in 2010. Genie touches on some of the assumptions buyers have about foreclosures and short sales, which are often more difficult to manage than people expect.
Duration : 0:4:57
Mike McNamara, a home mortgage consultant with Koenig & Strey GMAC Real Estate and Wells Fargo Home Mortgage, talks to YoChicago.com about some of the changes that will take place in the FHA approval process starting Nov. 1, 2009. He also discusses some of the conventional loan options offered to buyers through Wells Fargo, including loans requiring just 5 percent down payment on new condominiums for qualified buyers.