Tag: Bank-owned properties
A Lincoln Park low – $180K for a single-family frame home
Bringing up the rear of Lincoln Park's single-family home market is a bank-owned four-bedroom / three-bath frame home at 2451 N Ashland Ave, liste [...]
Checking in: 1919 West Crystal finds its buyers
A couple weeks ago, Eric predicted a quick sale for a decked-out single-family at Edgebrook Glen, but given the home's huge discount and level of fini [...]
Quote of the day: Bank-owned Studio Dwell condos are a tempting offer
It's rare to have such quality modern units being offered bank owned, in a solid building, in a great location and with few strings attached for a [...]
Fannie Mae REOs returning to market
Back in September, Fannie Mae responded to "Foreclosure-gate" by halting evictions and closings on all bank-owned properties whose loans were serviced [...]
Introducing the DK Home Team
Over time, Frank DeNovi's business has evolved considerably, to the point that he now orchestrates a team of trained office and field employees who [...]
An REO specialist’s mission statement and succession plan
A typical real estate agent lacks a mission statement and a succession plan, making it difficult for lenders to be confident in hiring his services. [...]
Frank DeNovi: Upscale foreclosures are changing the game
Foreclosures, once unheard of in higher-end properties, are now common. That places an entirely new set of demands on REO specialists, not all of wh [...]
What is a recapture rate?
Mortgage lenders are in business to loan money, and would like the opportunity to "recapture" the loan on properties they've taken ownership of in f [...]
An REO specialist on FNMA's HomePath programs
Steve Klein, an REO manager for Coldwell Banker Realtor and REO specialist Frank DeNovi, sat down with YoChicago's Joe Zekas earlier this month to e [...]
WSJ: DeNovi 26th among national Realtors in transaction sides
Congrats to our friend and client Frank DeNovi, who ranked 26th in the Wall Street Journal's 2010 list of the nation's top 400 real estate professiona [...]
An REO specialist’s service area
The typical real estate agent services a fairly narrow, generally geographic niche market. That narrow focus doesn't work for REO specialists, who [...]
An insider’s look at REO properties
When REO specialist Frank DeNovi receives a new property from one of his client lenders, he often has little more to go on than an address and the [...]
Frank DeNovi on foreclosures and short sales
One of our company's newest clients is Frank DeNovi, a Coldwell Banker agent who has worked with bank-owned properties for 25 years. We're still edi [...]
Stabilization program to showcase eight rehabbed properties in Chicago Lawn
Participants in the Chicago Neighborhood Stabilization Program have spent the past year purchasing and rehabbing dozens of bank-owned buildings compri [...]
Today's news: $22 per square foot for a Humboldt Park REO
One of the homes to hit the MLS in the past 24 hours is this 1,422 square-foot, three-bedroom / 1.5-bath single-family home at 1631 N Springfield Ave [...]
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