Rural housing funding soon to be restored.
The hard-fought battle to restore the Section 502 single-family rural housing program has been signed into law. On July 29, President Obama signed H.R. 4899, “Supplemental Appropriations Act, 2010,” which included restored funding for the program. Says NAR: “This is going to be a great lift for thousands of rural homebuyers who need to close on their home purchases before Sept.... [Read more about this property]
HUD Reform
HUD has released a proposal for updates. A couple of the key issues are Limiting seller concessions from 6% to 3% Considering raising medium credit score from 580 Eliminating loans to borrowers with credit scores under 500 (if there’s any even doing those, which I doubt) Want to add your input? Head over to HUD and read up and spout off! Read More →
Grundy County Taxes
Hey Grundy County, Get those taxes in the mail. Must be postmarked today if you haven’t done so yet! Read More →
Tax Credit Extension (for those under contract)
The Senate has approved a plan to give those already in contract to purchase a home an extra three months to be able to use federal homebuyer tax credits. The language, pushed through the chamber by Senate Majority Leader Harry Reid gives homebuyers until Sept. 30 to complete their purchases and qualify for tax credits of up to $8,000. Under the current terms, buyers had until April 30 to get a signed... [Read more about this property]
Grundy/ Will Home sale splits
Let us take a peek at property in Grundy and Will County. More specifically, single family homes that have closed between February and April this year and a couple year’s back. February 1 – April 30 Grundy County: 2010: 92 homes sold, median value $162,400 2009: 76 homes sold, median value $163,000 2008: 82 homes sold, median value $188,750 2007: 113 homes sold, median value $197,500 February... [Read more about this property]
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About Me
"Small town values- BIG TIME results" isn't just a catch-phrase for Jim Ludes. For him, it's a way of life in and outside of real estate. "I was raised in Lockport at a time that it wasn't much more developed than the Coal City/ Diamond area is now. I spent seven years in a class with the same 30 kids. You learn pretty quickly in that environment how to treat people the right way," he admits. As for the other half of the slogan Ludes begrudgingly admits, "You have to brag a little bit in the business or people tend to forget you're in it. I've been a multi-million dollar producer for over 5 years and I believe that's a testament to the hard work I put forth with each and every client."
