Archive for February, 2010

Real Estate Terms Defined

Hottest Real Estate Terms Defined

Here is a list of terms we are hearing more and more often today. If you have any questions, and
yes, I do handle Short Sales, REOs and Pre-Foreclosures, just call or email me.

Short Sale – This is the amount of what a property will sell at versus the
amount that is owed on the mortgage. The “shortage” is the difference to pay off the mortgage.
Bottom line, more is owed on the home, than it will sell for. Also called “upside down,” or “under
water” prior to sale.

REOs/Lender Owned – REO or real estate owned, or owned by the bank.

Stevenson High School Does It Again

Stevenson High School Does It Again

Stevenson High School in Lincolnshire, which serves the Lake County section of Buffalo Grove was
chosen as one of the top 200 public high schools in the nation for the fifth consecutive year by
Newsweek Magazine. Stevenson was the only high school in Lake County Illinois to make the
list. The rankings are use Advanced Placement Courses and national tests as part of their
formula.

As a parent, I can vouch for the value of a Stevenson education. Both of my sons attended the
school. They felt that they were extremely well prepared for college. They took full advantage of
the academic and athletic opportunities available.

As a real estate agent, I can tell you that great schools are a significant factor in higher
real estate values
. Many potential buyers come to this area specifically looking for homes in the
Stevenson district.