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Tag Archives: foreclosure
Are Foreclosures in Ohio Impacting the Real Estate Market Disproportionately?
Without a doubt the influx of foreclosures are is putting downward pressure on real estate prices nationwide. However, in Ohio is it a disproportionately higher problem than the rest of the country? We looked over at a post from The … Continue reading
Posted in Cincinnati Real Estate, foreclosure Tagged cincinnati foreclosures, Cincinnati Real Estate, foreclosure 3 Comments
The Rich are More Likely to Default on Mortgages
Recent research shows that 1 in 7 American with home loans of more than $1,000,000 have missed 3 consecutive mortgage payments. According to marketplace.org only 1 in 12 of home owners with loans less than $1,000,000 are in seriously deliquent. … Continue reading
Posted in foreclosure Tagged conventional loan, economic downturn, economic spectrum, foreclosure, having trouble paying your mortgage, home loans, interest rate, jumbo loans, loan modification, marketplace, mortgage lender, mortgage payments, Mortgages, rich forclose, wealthy foreclosure Comments Off
Living Rent Free After a Foreclosure
In a sign of the times, more and more Americans are living in their homes post-foreclosure. An article in RSI media details the growing phenomenon and attributes the situation to the volume of foreclosures that have washed over the banks … Continue reading
Posted in foreclosure, Home Maintenance, Mortgages and Finance, Property Value Tagged apartment, backlog, bank owned property, Bank sales, banks, copper, costly leaks, debts, financial cushion, foreclosed properties, foreclosure, foreclosures, little bit, mold growth, mortgage money, notice of default, phenomenon, pipes, rent free Comments Off
New Home Affordable Foreclosure Alternatives Program Rules Impact Cincinnati Real Estate Market
The Federal Government has recently implemented another program designed to assist home owners in financial trouble. The government has already rolled out the Making Homes Affordable Modification Program (HAMP) designed to help homeowners modify their mortgages. The new Home Affordable … Continue reading
Posted in Cincinnati Real Estate, Home Seller Resource, Mortgages and Finance Tagged borrowers, Cincinnati Real Estate, closing costs, creditors, deficiency judgment, financial hardship, financial incentives, financial trouble, first mortgage, foreclosure, foreclosures, HAFA, home inventory, junior lien, lien holders, loan modification, making homes affordable, mortgage adjustment, mortgage debt, mortgage investors, mortgage servicers, promissory note, relocation assistance 2 Comments
Cincinnati Realtor Foreclosure and Short Sale article featured in David’s Voice
This month I contributed a feature to the online magazine David’s voice. I had the opportunity to share my thoughts on purchasing forclosures and short sales with their audience. I am allways very clear with my clients when they ask … Continue reading
Posted in Cincinnati Real Estate Tagged 3 years, approval authority, audience, challenges, concessions, contract terms, final approval, foreclosure, foreclosures, home buyer, investment opportunity, money to the bank, mortgage, paying attention, Real estate market Comments Off
Corporate Foreclosures and Individual Foreclosures
In recent weeks major real estate developers have been walking away from properties because like many home owners, they are underwater on their mortgages. Tishman Speyer Properties gave up the 56-building, 11,232-unit Peter Cooper Village and Stuyvesant Town apartment complex … Continue reading
Posted in Development, Mortgages and Finance Tagged apartment, banks, cooper village, creditors, economy, federal government, financial institutions, financial liability, foreclosure, foreclosures, housing market, lenders, manhattan, many home owners, Mortgages, peter cooper village and stuyvesant town, peter cooper village and stuyvesant town apartment complex, real estate developers, realtytrac, unemployment rate Comments Off
Cincinnati is Facing the Mortgage Crisis
Cincinnati’s local public radio station WVXU is running a series of articles and providing counseling and services to those facing a crisis with their mortgage. They have done a very good job of providing reliable and direct information to those … Continue reading
Previous refis increase sellers’ tax obligations
This article by Bernice Ross from Inman News highlights important information if you are considering a short sale. I did not condense it because the original content is excellent. This article pertains to real estate in Cincinnati and around the … Continue reading
Posted in Cincinnati Real Estate, Mortgages and Finance Tagged accountant, assets, bernice, Cincinnati, couples, cpa, dear paul, deficiency judgments, financial circumstances, foreclosure, important information, lenders, mortgage, purchase money loans, realtor, recourse, risk, ross, tax attorney, tax break 5 Comments
Cincinnati Real Estate: Short Sales
The Cincinnati Enquirer ran an article today on the rising number of short sales occurring in the current real estate market. Short sales are transactions that occur when a bank or lender agrees to accept less than what’s owed on … Continue reading
More Laws Target Abandoned Houses
Across the country local and state governments are enacting laws aimed at minimizing the eyesore of foreclosed homes, according to USA Today. Properties in foreclosure are often left uncared fore and fall into disrepair, leaving local municipalities with the responsibility … Continue reading
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