Wednesday, August 15, 2007

The Chicago Real Estate Local in the Tribune

Well sort of...

I was asked by the Chicago Tribune's Mary Umberger if the sub-prime lending situation has affected business as usual. My overall answer was I won't know until 6 months or so from now. That is, if none of my clients apply for, or apply and do not receive, a 100% financing loan in the next six months, then maybe those clients are gone. As well, the self employed or second home buyers etc... may be affected even when putting money down.

I work with clients that I meet from open houses, our Internet site, this blog, referrals, networking etc... If there are no sub-prime borrowers or if I see clients getting denied, then I'll know the "credit crunch" in mortgage lending has an andecdotal affect on my ability to assist buyers find homes. So far, that has not been the case.

Check out my comments in the Tribune story concerning sub-prime mortgage lending

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