Thinking of buying or selling a home? Even when both sides agree on a price, the deal could fall apart thanks to an under-appraisal. Short appraisals typically arise in a declining housing market because the lack of recent comparable area homes sales, or “comps,” making it difficult for appraisers to determine the current market value […]
In terms of the back property taxes owed on a home that is sold through a short sale, the bank will typically cover this expense and seller’s should be free and clear of this liability going forward. In most states governmental property taxes convert into a lien on a property as soon as they are […]
With nearly 100% customer satisfaction, builder of the year, marketer of the year, Fischer Homes… specializes in providing for every chapter of your life. A new home represents a new chapter of your life’s story. Thousands of stories have been written and celebrated in Fischer Homes since 1980. They offer a variety of single family, […]
Founded in 1976 by Irving and Melvin Schottenstein, M/I Homes is now one of the nation’s largest residential home builders, building in Ohio, Florida, Indiana, Illinois, North Carolina, Maryland, Virginia, Texas, Delaware, and Washington DC. M/I Homes has been the leader in new home sales for more than 25 years, and they are ranked number one in […]
Dominion Homes has been building homes in Central Ohio for over 50 years. Today, Dominion Homes is a leading homebuilder in Columbus Ohio, as well as Louisville and Lexington Kentucky, and is among the top home builders in the country. Their priority is and always has been to construct the best homes in the best […]
Roughly forty percent of the homes offered for sale in today’s market are short sales and foreclosures! Distressed properties are well known for their value, but they also have a reputation for transactional snafus, last-minute surprises and long, drawn-out escrows are just a few of the issues buyers are likely to face. While many inexperienced agents advise avoiding […]
Loan servicers / Lenders will have 30 days to send a borrower a short-sale agreement that includes the list price or acceptable sales proceeds under recent changes made to the Home Affordable Foreclosure Alternatives Program (HAFA), aimed at distressed borrowers who don’t qualify for other government loan modification and foreclosure alternative programs. Once a sales […]
Homeowners looking to lower their monthly mortgage payments and save some on interest may be able to do so without all the hefty fees and daunting credit requirements of refinancing. A little-known strategy, called “recasting”, or “re-amortization”, is available through some mortgage lenders and servicers. This involves paying off a lump sum of the principal […]
Q: From what I have read, Sold “As Is” can cover anything from minor defects/repairs that the seller is unable/unwilling to do or can be major problems. What can a prospective buyer do to protect themselves? A: Here’s the deal: An “as-is” sale really does only this: It informs the buyer that the seller has […]
There was a time when a price reduction tainted a listing. That was several years ago when listings in many areas sold quickly. At that time, it was assumed that something was wrong with a listing if it needed a price reduction. In today’s market, price reductions are common. Sometimes, sellers aren’t content with listing […]
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