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Tag Archives: foreclosures
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
Home Loan Modifications Impact Credit Scores in the Cincinnati Real Estate Market
The Making Homes Affordable program is designed to help individuals restructure their mortgages with their lenders. In lowering the monthly payments through renegotiating the terms of the loan, more people are able to avoid short sale and foreclosure situations. One … Continue reading
Posted in Cincinnati Real Estate, Mortgages and Finance Tagged banks, charge offs, Cincinnati Real Estate, consequence, credit reporting, credit reports, credit score, credit scores, foreclosure situations, foreclosures, home loan, impact credit, lenders, lending institutions, loan modification, Mortgages, Real estate market, variation 3 Comments
Paying Less Than List Price for Real Estate
Nationwide buyers are paying 2.7% below current listing price in October 2009 according to a recent report. This variation has been shrinking since January when buyers were selling 4.6% below list. All real estate is local, and in some Florida … Continue reading
Federal Government Exerts Pressure on Lenders to Modify Mortgages
The Federal Government is looking to increase pressure on many mortgage lenders and banks to follow through with the loan modification that began under the ‘Making Homes Affordable Program’. In the program borrowers renegotiate their monthly payments to a lower level … Continue reading
Posted in Mortgages and Finance Tagged banks, borrowers, Cincinnati Realtor, federal government, foreclosures, loan modification, local market, making homes affordable, michael barr, mortgage companies, mortgage lenders, Mortgages, property values, treasury secretary, trial period 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
Selling a Home In Cincinnati: August Report
The Cincinnati Area Board of Realtors recently issued their monthly report. The news is pretty much what we all in the real estate field expected. Prices are still slightly depressed, but home sale volume is slightly better than last year. … Continue reading
Posted in Cincinnati Real Estate, Home Seller Resource, Property Value Tagged belief that, board of realtors, cincinnati area board, Cincinnati Area Board of Realtors, contracts, decline, first time home, first time home buyer, first time home buyer tax credit, foreclosures, graph, november 1st, real estate, seasonal increase, selling a home, spring and summer, time home buyer 2 Comments
Cincinnati Foreclosure Assistance Companies Sued
The Enquirer reports that two Cincinnati foreclosure assistance companies are being sued by the Ohio Attorney General for violating state Consumer Sales Practices Act, Credit Services Organization Act, and Debt Adjusters Act. Foreclosure Assistance USA of Kenwood and American Foreclosure … Continue reading
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