Bradford Miller Law, P.C. Chicago Real Estate Attorney, Chicago Short Sale Attorney

Tuesday, March 17, 2015

Is it time to move on with your life and purchase a new home?

In order to make this decision you will need to determine the actual reason you are thinking about buying. There are so many reasons that people purchase property. If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

The cost of a home is determined by the price of the home, the current mortgage rate, the property tax and any monthly fees. Your monthly mortgage payment will continue to increase as home values continue to rise along with increased mortgage rates.

Bradford Miller Law, P.C. can assist you with all your real estate needs. From buying, selling, renting and even helping you with a building code violation we are here to help with all your real estate needs at a very reasonable rate. Our experienced Real Estate Attorneys have been representing real estate clients for several years now and have earned membership in the Better Business Bureau.

At www.bradfordmillerlaw you will find information about our firm along with helpful real estate information. To discuss your pending or potential real estate transaction call us at 312-238-9298 for a Free 15-minute consultation.

Posted by Bradford Miller Law, P.C.

Practicing in Real Estate Law, Landlord Tenant Law, and Estate Planning

134 N. LaSalle, Suite 1040

Chicago, IL 60602

Offering free legal representation to homeowners seeking a short sale

Key words: Chicago short sale attorney, Chicago landlord tenant law attorney, Chicago estate planning attorney, Estate Planning Lawyer, Chicago leases, Chicago real estate attorney, Chicago real estate lawyer, Chicago real estate closings, Chicago building code violations, Short sale attorney Chicago. This is intended to be advertising. Please consult with an attorney before acting on any information given here.

Thursday, March 12, 2015

Sellers, be sure you make a good impression online

Today, buyers first impressions are on the Internet. Be sure you list your home with complete information, including photos, descriptions and accurate data. If not, you might turn potential buyers off and they may simply not come back later to view your property. Nothing can frustrate an active and aggressive buyer more than getting an email or mobile notification alert for a new property listing that is not complete. Making a good impression online will help you sell your home quickly and for top dollar.

Posted by Bradford Miller Law, P.C.

Practicing in Real Estate Law, Landlord Tenant Law, and Estate Planning

134 N. LaSalle, Suite 1040

Chicago, IL 60602

Offering free legal representation to homeowners seeking a short sale

Tuesday, March 10, 2015

FHA?

The Federal Housing Administration, generally known as "FHA" is an agency within the U.S. Department of Housing and Urban Development (HUD) which provides mortgage insurance on loans made by FHA-approved lenders. FHA insures mortgages on single family and multifamily homes including manufactured homes and hospitals. It is the largest insurer of mortgages in the world, insuring over 34 million properties since its inception in 1934.

FHA mortgage insurance provides lenders with protection against losses as the result of homeowners defaulting on their mortgage loans. The lenders bear less risk because FHA will pay a claim to the lender in the event of a homeowner's default. Loans must meet certain requirements established by FHA to qualify for insurance.

MIP stands for Mortgage Insurance Premium. This is the amount paid by a borrower for mortgage insurance, either to a government agency such as the Federal Housing Administration (FHA) or to a private mortgage insurance (PMI) company.

Posted by Bradford Miller Law, P.C.

Practicing in Real Estate Law, Landlord Tenant Law, and Estate Planning

134 N. LaSalle, Suite 1040

Chicago, IL 60602

Offering free legal representation to homeowners seeking a short sale

Thursday, March 5, 2015

What does FHFA stand for?

FHFA stands for Federal Housing Finance Agency. Their mission is to ensure the Housing Government-sponsored Enterprises operate in a safe and sound manner so they serve as a reliable source of liquidity and funding for housing finance and community investment. Together these institutions provide more than $5 trillion in funding for the U.S. mortgage markets and financial institutions.

Posted by Bradford Miller Law, P.C.

Practicing in Real Estate Law, Landlord Tenant Law, and Estate Planning

134 N. LaSalle, Suite 1040

Chicago, IL 60602

Offering free legal representation to homeowners seeking a short sale

Tuesday, March 3, 2015

National Consumer Protection Week

The City of Chicago is hosting a series of free events for ‘National Consumer Protection Week"

On Wednesday, March 4, from 1 to 3 p.m., the Department of Business Affairs and Consumer Protection (BACP) is hosting credit counselors from JVS Chicago and the Center for Economic Progress at City Hall in the 8th floor lobby in front of Room 800 to provide credit counseling. Counseling will include how to clean up and improve credit score, strategies on how to handle interest rates and get the best one for the a mortgage, and credit card and other loans.

On Friday, March 6, from 9:30 to 11:00 a.m. the BACP is hosting the workshop “Credit and You: The Basics of Credit and the Important Role It Plays In Your Life,” which will be presented by Eileen Kelly and Pat Gentzen from The Private Bank. Workshop Description: What is credit? Why is credit important? What is a credit score? Get the answers to these questions and many more including the implications of good and bad credit scores and ways to build and repair your credit history. You will also learn about SMART Banking, business checking options, and how your credit can affect your business.

To register for the workshop email BACPoutreach@cityofchicago.org or call 312-744-2086. Please visit the City of Chicago's website for addition information about these and other free events that the City is hosting.

Posted by Bradford Miller Law, P.C.

Practicing in Real Estate Law, Landlord Tenant Law, and Estate Planning

134 N. LaSalle, Suite 1040

Chicago, IL 60602

Offering free legal representation to homeowners seeking a short sale

Friday, February 27, 2015

Who is Freddie Mac?

Freddie Mac's company profile provides the following information:

"Freddie Mac was chartered by Congress in 1970 with a public mission to stabilize the nation's residential mortgage markets and expand opportunities for homeownership and affordable rental housing. Our statutory mission is to provide liquidity, stability and affordability to the U.S. housing market.

We participate in the secondary mortgage market by purchasing mortgage loans and mortgage-related securities for investment and by issuing guaranteed mortgage-related securities, principally those we call PCs. The secondary mortgage market consists of institutions engaged in buying and selling mortgages in the form of whole loans (i.e., mortgages that have not been securitized) and mortgage-related securities. We do not lend money directly to homeowners.

Freddie Mac is operating under a conservatorship that began on September 6, 2008, conducting our business under the direction of the Federal Housing Finance Agency (FHFA)."

Posted by Bradford Miller Law, P.C.

Practicing in Real Estate Law, Landlord Tenant Law, and Estate Planning

134 N. LaSalle, Suite 1040

Chicago, IL 60602

Offering free legal representation to homeowners seeking a short sale

FREE SHORT SALE HELP

Are you "under-water" in your home? Do you owe more then the property is worth? You should consider doing a short sale. Chicago short sale attorney Bradford Miller offers free legal representation to homeowners doing a short sale. The first step is to call Attorney Bradford Miller for a free 15 minute phone consultation. If we accept you as a client, our representation will be free to you and its possible you will even receive some money to help you relocate. Homeowners should know what their options are and what to expect. Call Mr. Miller today at 312-238-9298.

CHICAGO REAL ESTATE LAW BLOG

Bradford Miller Law, P.C. focuses on real estate law, landlord tenant law and estate planning. This is the chicago real estate law blog. If you are interested in reading about landlord tenant law, visit that blog at http://chicagoltlaw.blogspot.com/. If you are interested in estate planning, visit http://chicagoestateplanning.blogspot.com/. The law firm's main website is www.bradfordmillerlaw.com.

This blog will focus on real estate law in the Chicagoland area. Topics include real estate transactions ("closings"), closing costs, and real estate taxes, among other things.

Helping people in this distressed real estate market

Whether you live in Chicago, Berwyn, Orland Park, Naperville, or another suburb, Bradford Miller Law, P.C. can provide the legal representation you need. Short sales are becoming more and more prevalent, currently making up approximately 35% of the market. Sellers need to understand what a short sale is and what the consequences may be. Mr. Miller offers a free 15-minute phone consultation to any homeowner contemplating a short sale.

Bradford Miller Law, P.C. also offers representation to traditional sellers. Sellers can find a variety of information at http://www.bradfordmillerlaw.com/ under the "Sellers" section. Mr. Miller offers a free 15-minute phone consultation to any homeowner looking to sell their property.

Buyers, and especially investors, are taking advantage of the real estate market. Bradford Miller Law, P.C. offers comprehensive legal representation when making a purchase. Call for a free 15-minute phone consultation.