Cincinnati Real Estate Mortgages Rise

Local Cincinnati mortgage rates are rising while the rest of the nation’s rates are falling, according to Cincinnati.com. At the end of July the average rate for 30-year fixed loans was 4.54 percent nationally while in Cincinnati the average 30-year rate was 4.76 percent. The article give no clear reason for the difference in rates, […]

Contact Alison

513-518-1140

New Fannie Mae Credit Checks Impact Cincinnati Real Estate Sales

Effective June 1, 2010 Fannie Mae is mandating a number of additional qualifications for each mortgage application. These additional mandates are intended to ensure that the information collected from buyers when they apply for a mortgage are the same as when they go to close. Fannie Mae is requiring lenders to re-verify a number of […]

Contact Alison

513-518-1140

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 in Manhattan, turning the properties over to its creditors after defaulting on some $4.4 billion […]

Contact Alison

513-518-1140

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 unforeseen consequence is that the homeowners benefiting from the program may also be taking a […]

Contact Alison

513-518-1140

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 country. DEAR BERNICE: We are upside down and are thinking about selling our home using […]

Contact Alison

513-518-1140