The Judy Orr Team welcomes you to our long-time blog and we’d like to introduce you to some other sites that offer more and are updated. We no longer post to this blog nor do we have a home search function. To search homes, local information and utilize robust home searches, please check out the following URL’s:
1. If you’re looking for real estate in the southwest Chicago suburbs, click the link for our main website. This offers the best search format and detailed listing data for every listing in the IDX (Internet Data Exchange) system.
2. Our site for Orland Park real estate zeroes down to this one town, although the site’s home search function allows you to search our entire MLS that covers Northern IL and even crosses borders into neighboring states.
3. Another more specific website features Oak Lawn real estate. Although the format has changed over the years, this started our Internet presence. The search on this site is awesome and you’re not limited to Oak Lawn. Once again, you can search the entire Northern IL MLS and you’ll receive full listing details.
Any of the above sites will allow you to create and save multiple property searches. You’ll get to see all photos for every listing (we have no control over what listing agents provide) and if there is a virtual tour associated with the property you’ll be able to click on it.
Welcome to the blog/site for southwest suburban real estate and more. This easy-to-use site offers a link to a custom MLS search, listings, local information, news and more. Check out the categories to the right and the pages on the menus above and also to the right.
My first website ever was for Oak Lawn homes and real estate. I started out with a popular real estate website provider and was with them for years. In fact, I started out as a free member and quickly made it to the #1 position in Google and other search engines. I held that top spot for many years. Unfortunately, there has been a recent change in Google, and my site has fallen drastically.
The 2nd website provider is a very respected company but that site became too old fashioned and it would have cost quite a bit of money to bring it up to par. In fact, part of the reason I believe my site has fallen in Google is because at the time I no longer had a home search, or IDX search, on the site. My new website has a very good IDX search that shows all of the photos a listing agent has submitted (you’ll want to hit the “expand gallery” button that will appear when you hover over the photo box) and a lot of data, including room sizes. I can’t get this much data on my much more expensive website. If there’s a virtual tour you’ll get the link.
You’ll also get to see price history if there have been any changes and most listings will have a Zillow Zestimate and rent Zestimate, plus a Walkscore rating. There will be both a Satellite and a Bird’s-eye view on each listing page. You’ll also see similar listings followed by school districts and nearby schools with ratings. You can schedule a showing right from the individual listing or you can fill-out a contact form with specific questions, although these listings provide all the data you’d need.
Be sure to read the blog posts as they can be very informative. Oak Lawn is the southwest suburb that always has the most sales year after year, but this website also has community pages for the surrounding towns of Alsip, Bridgeview, Burbank, Chicago Ridge, Evergreen Park, Hickory Hills, Hometown, Justice and Worth. You’ll get instant data for each of these villages, including a list of properties for sale, although you’d probably want to create a more custom search for your price range, number of bedrooms and baths, etc.
I’m very happy with my new website and I try to provide buyers and sellers with all the information I feel they would want and need to move forward with their real estate needs in Oak Lawn and the surrounding towns.
This website is provided to you by your Oak Lawn REALTORS, The Judy Orr Team. You can reach us at 708-536-8200.
In many a cases, homeowners walk away from the home loan in case of low affordability and if the house is underwater. So, yes, it is possible to walk away from the home, in case it is underwater and you cannot afford to make the payments on the home loan. The consequences of walking away from your home loan differs from one state to the other. So, if you are underwater and if you want to avoid the payments on the same, you will have to be aware of the type of state you are in. On the basis of the home loan, you can be either in a recourse state or a non-recourse state.
Results of walking away from home loan
If you walk away from your home, some of the most serious consequences which you may have to face are:
1. You will have ruined credit – If you walk away from your home loan, it is going to have a hugely negative effect on your credit. This is because, when you walk away the lender definitely is going to foreclose your home. Foreclosure lowers your credit by 200-300 points. It is going to take time for you to recover your credit. So, before you do walk off, you will have to keep this important factor in mind.
2. You will have problems in obtaining a mortgage – As you walk off and as the lender forecloses your home, your credit score lowers. This has an overall negative effect on your credit. So, it is obvious that it is going to be tough for you to obtain a mortgage soon. This means, it may not be possible for you to buy a new home, soon after you walk off from your last home. Therefore, you will have no other option but to wait for a few years, and live on rent.
3. You may be served with a deficiency judgment – Depending on the state you are in, you may be served with a deficiency judgment. This again will depend on the type of state you are in. If you are in a non-recourse state, you can hand over the keys to your lender, and simply walk off. In such a state, the lender can have either the house or what you owe on the mortgage. On the other hand, if you are in a recourse state, you will be sued. In such states, the lenders can not only foreclose. They can also sue you, if the value of the home is far less than what was borrowed.
4. The foreclosure gets listed – As the lender forecloses your home, it gets listed on your credit report. This listing will stay on the credit reports for seven years. The effect of this is same as that of its effect on the credit score. When you will be applying for new credit, the creditor or the lender will pull your credit report. If they see such a negative listing on your credit report, they certainly will not take it lightly.
So, the above are the effects of walking away from your home, without paying down the mortgage. In order to buy a new home, you will have to work hard and improve your credit. This is going to take time, and you need to have enough patience for the same. You will not only be required to go on making the on-time payments on the existent debts, but you will also have to try and do away with the negative listings. If possible, you will have to find out whether or not you can dispute with the same. This can help a lot with the improvement of your credit.
When I created my very first real estate website it was just for Oak Lawn and the surrounding suburbs because that’s where I lived and where my brokerage was located at the time. I started networking with other real estate webmasters and was told I should branch out and try for a bigger piece of the pie, so I then started a broader ranging website covering Chicago suburbs. Some webmasters told me I should go for Chicago but I don’t work in the big city all that much. But I did expand and that website is where I get most of my site visitors.
It’s Back to Hyper-Local
With the emergence of large real estate portals that we are in competition with, I have decided to go a bit more local. Although I’ve always sold Orland Park homes, even when I was based in Oak Lawn, we moved to the Orland Park/Homer Glen area about 4 years ago. Prior to our personal move I also switched to a new brokerage based in Orland Park. Because of these two moves, I created a website years back just for Orland Park real estate. However, the hyper-local movement wasn’t that popular and I took the site down.
I wish I didn’t! I have once again created a website just for Orland Park Homes, Lifestyle and Real Estate. It offers so much that if you’re interested in this popular village you can spend hours on the site doing searches, checking out the searches already done for you, learning how to use the Property Organizer, reading the blog, etc. It isn’t just about real estate as there will be posts on Orland Park news, happenings and area restaurant reviews.
We hope you find it easy-to-use without all of the superfluous stuff most websites have. We’d love for our readers to participate with photos, blog posts and comments. Check it out and start searching for Orland Park real estate.