REALTORS® keep line of communication open with Markham mayor

(L to R) Dennis Brim, Diane Abell, Markham Mayor David Webb Jr. and Tom Joseph

Markham Mayor David Webb, Jr., met with IAR Local Government Affairs Director Tom Joseph, REALTOR® Diane Abell and REALTOR® Dennis Brim today to review city real estate policies and market statistics at Markham city hall.

Abell, a broker for Coldwell Banker Residential in Flossmoor, and Brim, the broker-owner of Prestige Properties in Calumet City, shared marketing data from the Mainstreet Organization of REALTORS®. Both serve on Mainstreet’s Government Affairs Committee for communities in its South-Southwest area.

The four reviewed the city’s regulations and fees in common real estate scenarios, including point of sale inspections, rentals, foreclosures and property maintenance.

Inman service officially kicks off Thursday

IAR members will get an email reminder tomorrow to sign up for free real estate news from Inman.

While some members may have already signed up for the service, which is sponsored by IAR and Midwest Real Estate Data (MRED), the message will be redistributed to all Illinois REALTORS® at that time.

The special offer for IAR members/MRED customers includes Inman Daily Headlines, Inman Weekly Headlines, Special Reports, News Article Archives and more. But you have to sign up for the service to receive it. Registration can only be accessed via email by IAR members.

Buy your IAR Inaugural Gala tickets now

Order your tickets online for IAR’s 99th Annual Inaugural Gala on Oct. 6 at the Oak Brook Hills Resort – Hilton.

The deadline for making your purchase is 11:59 p.m. Sept. 29.

Don’t forget to order your tickets so you can celebrate Mike Drews’ presidential inauguration.

Sponsorship deadline in 13 days

Sept. 15 is the deadline for individuals, business and local associations to buy sponsorships at the Inaugural Gala. Available packages are $8,000 (Diamond), $5,000 (Gold), $2,500 (Silver), $500 & Up (Bronze) and Up To $500 (Gala).

Get the sponsorship form.

Morning Minute: Thinking about buying a home? Tips to improve your credit score

Image: Bigstock

If you are in the market to buy a home or may be thinking of doing so in the future, there are steps you can take now to improve your credit score — and your interest rate — before you seek a mortgage loan.

Freddie Mac highlights “5 Tips to a Better Credit Score,” on its blog. Two tips to consider: check your credit score will all three of the U.S. credit bureaus and think twice about transferring your credit-card balances to a lower interest card.

In other headlines:

Mortgage applications jump 11.3% in last week of August - HousingWire

Over 10-Year View, Home Sales Are Strong – National Association of REALTORS®

HUD proposes new rules for FHA loans – HousingWire

 

IAR countdown to Oct. 3

As the Oct. 3 effective date for the TILA-RESPA Integrated Disclosure rule gets nearer, IAR Legal Services wants to remind you that a new Loan Estimate form will replace the initial truth-in-lending and Good Faith Estimate forms.

The new form is intended to provide consumers with a more accurate estimation of the true financing and closing costs, says Jeffrey T. Baker, Sorling Northrup Attorneys, IAR Transaction Helpline Attorney. Certain estimates on the Loan Estimate must fall within a prescribed tolerance, he says, or a refund to the consumer from the lender may be necessary.

For more information on TRID, watch this blog or go to IAR’s list of handy resources: http://www.illinoisrealtor.org/respa.