Homes for Rent in Lake County IL

Are you looking to rent a home in Lake County, IL?
How would you like to OWN YOUR OWN HOME instead?
You can, with a Lease to Own House Purchase.

What is a Lease to Own House Purchase?

For many hard working families in Lake County, home ownership has been an unattainable dream. We have put together a program that has helped hundreds of families in Lake County, IL own their own home.

How does it work?

I help you find a house that is listed for sale and is the right home for your family. . . . the house you would buy if you were able to do so at this time.

Then our program buys that house, immediately. They do whatever repairs are necessary and rent it to you for one year.

During that year, you save up a down payment, fix your credit issues and buy the house from them at a price you both agreed on, when you first moved in. If you cannot do it in one year, they are willing to renew the lease as many as four more times for a total of five years.

During the time you live there, your circumstances may change and this may no longer be the best house for your family. If you decide not to buy the house, all you have to do is pay your rent until the end of the current lease, it is never more than 12 months, and you move out. There are no charges or forfeiture, no penalties, no negative effect on your credit.

Call me for more information on the 400+ houses available in Lake County, IL and to begin the process of Renting-To-Own your own home. Our rent-to-own-program is available in Lake Villa, Island Lake, Fox Lake, Round Lake, Volo and Waucanda Illinois.

815-814-6004

 

Alternatives to Renting in Lake County

Lease with Purchase Right Program for Lake County, IL

What is a Lease to Own House Purchase?

For many hard working families in Lake County, home ownership has been an unattainable dream. We have put together a program that has helped hundreds of families in Lake County, IL own their own home.

How does it work?

I help you find a house that is listed for sale and is the right home for your family. . . . the house you would buy if you were able to do so at this time.

Then our program buys that house, immediately. They do whatever repairs are necessary and rent it to you for one year.

During that year, you save up a down payment, fix your credit issues and buy the house from them at a price you both agreed on, when you first moved in. If you cannot do it in one year, they are willing to renew the lease as many as four more times for a total of five years.

During the time you live there, your circumstances may change and this may no longer be the best house for your family. If you decide not to buy the house, all you have to do is pay your rent until the end of the current lease, it is never more than 12 months, and you move out. There are no charges or forfeiture, no penalties, no negative effect on your credit.

Call me for more information on the 400+ houses available in Lake County, IL and to begin the process of Renting-To-Own your own home.

815-814-6004

 

Our rent-to-own-program is available in Lake Villa, Island Lake, Fox Lake, Round Lake, Volo and Waucanda Illinois.

Rent to own homes in Fox Lake, IL

Lease with Purchase Right Program for Fox Lake, IL

What is a Lease to Own House Purchase?

For many hard working families in McHenry County, home ownership has been an unattainable dream. We have put together a program that has helped hundreds of families in McHenry County own their own home.

How does it work?

I help you find a house that is listed for sale and is the right home for your family. . . . the house you would buy if you were able to do so at this time.

Then our program buys that house, immediately. They do whatever repairs are necessary and rent it to you for one year.

During that year, you save up a down payment, fix your credit issues and buy the house from them at a price you both agreed on, when you first moved in. If you cannot do it in one year, they are willing to renew the lease as many as four more times for a total of five years.

During the time you live there, your circumstances may change and this may no longer be the best house for your family. If you decide not to buy the house, all you have to do is pay your rent until the end of the current lease, it is never more than 12 months, and you move out. There are no charges or forfeiture, no penalties, no negative effect on your credit.

Call me for more information on the 400+ houses available in Lake County and to begin the process of Renting-To-Own your own home.

815-814-6004

Our rent-to-own-program is available in Lake Villa, Island Lake, Fox Lake, Round Lake, Volo and Waucanda Illinois.

Credit Repair: How to Help Yourself

You see the ads in newspapers, on TV, and online. You hear them on the radio. You get fliers in the mail, email messages, and maybe even calls offering credit repair services. They all make the same claims:

“Credit problems? No problem!”

“We can remove bankruptcies, judgments, liens, and bad loans from your credit file forever!”

“We can erase your bad credit — 100% guaranteed.”

“Create a new credit identity — legally.”

Do yourself a favor and save some money, too. Don’t believe these claims: they’re very likely signs of a scam. Indeed, attorneys at the Federal Trade Commission, the nation’s consumer protection agency, say they’ve never seen a legitimate credit repair operation making those claims. The fact is there’s no quick fix for creditworthiness. You can improve your credit report legitimately, but it takes time, a conscious effort, and sticking to a personal debt repayment plan.

Your Rights

No one can legally remove accurate and timely negative information from a credit report. You can ask for an investigation —at no charge to you — of information in your file that you dispute as inaccurate or incomplete. Some people hire a company to investigate for them, but anything a credit repair company can do legally, you can do for yourself at little or no cost. By law:

  • You’re entitled to a free credit report if a company takes “adverse action” against you, like denying your application for credit, insurance, or employment. You have to ask for your report within 60 days of receiving notice of the action. The notice includes the name, address, and phone number of the consumer reporting company. You’re also entitled to one free report a year if you’re unemployed and plan to look for a job within 60 days; if you’re on welfare; or if your report is inaccurate because of fraud, including identity theft.
  • Each of the nationwide credit reporting companies — Equifax, Experian, and TransUnion — is required to provide you with a free copy of your credit report once every 12 months, if you ask for it. To order, visit annualcreditreport.com, or call 1-877-322-8228. You may order reports from each of the three credit reporting companies at the same time, or you can stagger your requests throughout the year.
  • It doesn’t cost anything to dispute mistakes or outdated items on your credit report. Both the credit reporting company and the information provider (the person, company, or organization that provides information about you to a credit reporting company) are responsible for correcting inaccurate or incomplete information in your report. To take advantage of all your rights, contact both the credit reporting company and the information provider.

DIY

Step 1: Tell the credit reporting company, in writing, what information you think is inaccurate. Use oursample letter to help write your own. Include copies (NOT originals) of any documents that support your position. In addition to including your complete name and address, your letter should identify each item in your report that you dispute; state the facts and the reasons you dispute the information, and ask that it be removed or corrected. You may want to enclose a copy of your report, and circle the items in question. Send your letter by certified mail, “return receipt requested,” so you can document that the credit reporting company got it. Keep copies of your dispute letter and enclosures.

Credit reporting companies must investigate the items you question within 30 days — unless they consider your dispute frivolous. They also must forward all the relevant data you provide about the inaccuracy to the organization that provided the information. After the information provider gets notice of a dispute from the credit reporting company, it must investigate, review the relevant information, and report the results back to the credit reporting company. If the investigation reveals that the disputed information is inaccurate, the information provider has to notify the nationwide credit reporting companies so they can correct it in your file.

When the investigation is complete, the credit reporting company must give you the results in writing, too, and a free copy of your report if the dispute results in a change. If an item is changed or deleted, the credit reporting company cannot put the disputed information back in your file unless the information provider verifies that it’s accurate and complete. The credit reporting company also must send you written notice that includes the name, address, and phone number of the information provider. If you ask, the credit reporting company must send notices of any correction to anyone who got your report in the past six months. You also can ask that a corrected copy of your report be sent to anyone who got a copy during the past two years for employment purposes.

If an investigation doesn’t resolve your dispute with the credit reporting company, you can ask that a statement of the dispute be included in your file and in future reports. You also can ask the credit reporting company to give your statement to anyone who got a copy of your report in the recent past. You’ll probably have to pay for this service.

Step 2: Tell the creditor or other information provider, in writing, that you dispute an item. Include copies (NOT originals) of documents that support your position. Many providers specify an address for disputes. If the provider reports the item to a consumer reporting company, it must include a notice of your dispute. And if the information is found to be inaccurate, the provider may not report it again.

Reporting Accurate Negative Information

When negative information in your report is accurate, only time can make it go away. A credit reporting company can report most accurate negative information for seven years and bankruptcy information for 10 years. Information about an unpaid judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer. The seven-year reporting period starts from the date the event took place. There is no time limit on reporting information about criminal convictions; information reported in response to your application for a job that pays more than $75,000 a year; and information reported because you’ve applied for more than $150,000 worth of credit or life insurance.

The Credit Repair Organizations Act

The Credit Repair Organization Act (CROA) makes it illegal for credit repair companies to lie about what they can do for you, and to charge you before they’ve performed their services. The CROA is enforced by the Federal Trade Commission and requires credit repair companies to explain:

  • your legal rights in a written contract that also details the services they’ll perform
  • your three day right to cancel without any charge
  • how long it will take to get results
  • the total cost you will pay
  • any guarantees

What if a credit repair company you hired doesn’t live up to its promises? You have some options. You can:

  • sue them in federal court for your actual losses or for what you paid them, whichever is more
  • seek punitive damages — money to punish the company for violating the law
  • join other people in a class action lawsuit against the company, and if you win, the company has to pay your attorney’s fees

Report Credit Repair Fraud

State Attorneys General

Many states also have laws regulating credit repair companies. If you have a problem with a credit repair company, report it to your local consumer affairs office or to your state attorney general (AG).

Federal Trade Commission

You also can file a complaint with the Federal Trade Commission. Although the FTC can’t resolve individual credit disputes, it can take action against a company if there’s a pattern of possible law violations. File your complaint online at ftc.gov/complaint or call 1-877-FTC-HELP.

Where to Get Legitimate Help

Just because you have a poor credit history doesn’t mean you can’t get credit. Creditors set their own standards, and not all look at your credit history the same way. Some may look only at recent years to evaluate you for credit, and they may give you credit if your bill-paying history has improved. It may be worthwhile to contact creditors informally to discuss their credit standards.

If you’re not disciplined enough to create a budget and stick to it, to work out a repayment plan with your creditors, or to keep track of your mounting bills, you might consider contacting a credit counseling organization. Many are nonprofit and work with you to solve your financial problems. But remember that “nonprofit” status doesn’t guarantee free, affordable, or even legitimate services. In fact, some credit counseling organizations — even some that claim nonprofit status — may charge high fees or hide their fees by pressuring people to make “voluntary” contributions that only cause more debt.

Most credit counselors offer services through local offices, online, or on the phone. If possible, find an organization that offers in-person counseling. Many universities, military bases, credit unions, housing authorities, and branches of the U.S. Cooperative Extension Service operate nonprofit credit counseling programs. Your financial institution, local consumer protection agency, and friends and family also may be good sources of information and referrals.

If you’re thinking about filing for bankruptcy, be aware that bankruptcy laws require that you get credit counseling from a government-approved organization within six months before you file for bankruptcy relief. You can find a state-by-state list of government-approved organizations at www.usdoj.gov/ust, the website of the U.S. Trustee Program. That’s the organization within the U.S. Department of Justice that supervises bankruptcy cases and trustees. Be wary of credit counseling organizations that say they are government-approved, but don’t appear on the list of approved organizations.

Reputable credit counseling organizations can advise you on managing your money and debts, help you develop a budget, and offer free educational materials and workshops. Their counselors are certified and trained in the areas of consumer credit, money and debt management, and budgeting. Counselors discuss your entire financial situation with you, and can help you develop a personalized plan to solve your money problems. An initial counseling session typically lasts an hour, with an offer of follow-up sessions.

Originally posted by: Federal Trade Commission November 2012

Homes for Rent in Lake County IL

The 2008 credit crisis has left millions of households with the inability to obtain a mortgage even though they have a stable income with the capability to pay. It is our passion to help families who find themselves in a similar position, find and move into their dream home in Lake County.

We have flexible credit rules!

It’s as Easy as 1 2… 3

1. Apply and Get Approved

2. Find a Home Right for You

3. We buy the home, you rent it and have the
right to purchase it later!

Find out more information about our Lease with Purchase Right Program to find out if it is right for you!

Lake County Il School Rankings

Best public elementary and high schools in Lake County IL

Glencoe School District 35
1207 students • 13 student/teacher

Northbrook Esd 27 School District

1248 students • 12 student/teacher

Lake Bluff Esd 65 School District

864 students • 14 student/teacher

Libertyville School District 70

2471 students • 16 student/teacher

Chsd 128 School District

3325 students • 16 student/teacher

For a complete list visit: https://www.zillow.com/lake-county-il/schools/

 

 

Tips for boosting your credit score

By Pat Curry • Bankrate.com

If you’re thinking about buying a house or a car, your credit score is a very important number. The interest rate you’ll pay for the money you borrow will be determined, in large part, by this three-digit number that’s generated from the information in your credit report. Most lenders have carved-in-stone rules about handing out the best terms, and those rules almost always place a major emphasis on your credit score. If their best rates are offered to borrowers with a score of 700 or higher and yours is a 698, those two points could cost you thousands of dollars.

According to www.myfico.com, the consumer Web site of the Fair Isaac Corp. that created the FICO score (the most commonly used credit score), the interest rate difference between those two scores is about one-third of a percentage point. On a $165,000 30-year fixed rate mortgage, that third of a point could cost you more than $11,172 in interest charges, assuming 629 percent is the lowest rate available (see Bankrate’s calculators). Fall below a 660 and the rate goes up another .81 percent. Keep in mind that these are averages.

Most lenders today practice tiered pricing, with interest rates rising as scores go down. Each lender chooses its own “break points” between tiers. Lender A may bump up the interest rate if a score falls below 700, while Lender B doesn’t charge higher rates until the score is 690 or below. So if you stick with one lender, and that lender’s break point is 700, raising your score from 698 to 701 can be vital. This underscores the importance of not only doing all you can to improve your score, but shopping thoroughly when looking for a mortgage. From the perspective of a mortgage broker, who can choose among a sea of many lenders, there are no sharp break points.

Consumers should do what a good broker does — look for a lender that offers the best rate for a specific score. But that’s jumping ahead of ourselves. First things first: You can take steps to improve your credit score. The number of variables that play into an individual score make it impossible to say that one particular action will increase a given score by a certain number of points. But there are some good guidelines. “The mantra for getting a great score is pay your bills on time, keep account balances low, and take out new credit only when you need it,” says Craig Watts, consumer affairs manager for Fair Isaac Corp. advertisement “People who do that faithfully have very high scores. It usually means you’re being conservative and cautious about credit. It’s not a toy and it shouldn’t be a hobby.” Speedy upgrade That’s good advice, to be sure, but these actions take a long time.

What if you’re house hunting and you just need a few extra points to bump you over the line to the great rates? Start by pulling your credit report and your credit score to see where you are. To get an estimate of your credit score, check out our Credit Score Estimator. If your score is above a 760, you’re golden. Improving your score from 760 to 800 won’t get you better terms. Read more: http://www.bankrate.com/finance/credit-debt/tips-for-boosting-your-credit-score-1.aspx#ixzz36EfprkBL Follow us: @Bankrate on Twitter | Bankrate on Facebook