Chase / EMC / WAMU Short Sales If one company™s short sale process has changed more than any other it would be Chase. Chase™s short sale process hasn™t changed so much in terms of administrative process, but more from a corporate stand point. You see, after Chase acquired Washington Mutual their primary task seemed to […]
Real estate owned or REO is a class of property owned by a lender, typically a bank, and most commonly acquired after an unsuccessful sale at a foreclosure auction. This is common because most of the properties up for sale at these auctions are worth less than the total amount owed to the bank (negative […]
What is a Deficiency Judgment Deficiency judgments are court orders that make you personally liable for unpaid debt. They are often associated with foreclosures (and less often times short sale), when a home’s selling price is not enough to cover the loan balance. Let’s take a closer look at what deficiency judgments are, and if […]
Recourse loans are loans that permit the lender to come after you in case you default on the loan. You can contrast recourse loans with non-recourse loans, which create more risk for lenders. Let’s take a look at recourse loans, how they work, and how to identify them. Recourse Loans – The Recourse Recourse loans […]
One of New Albany’s newest communities will play host to the 2010 Building Industry Association’s Parade of Homes. Eight Central Ohio builders are committed to this year™s BIA event, which runs July 9-25 at Ackerly Park. The BIA has previously hosted three Parades in New Albany, including the 1991 Parade, which premiered the very first […]
Name Web Site Phone Service Address Fax Allstate Mortgage Loans & Investments, Inc. http://www.allstateocala.com/ 866-351-0200 P.O. 1201, Crystal River, FL 34423 352-351-4557 American Home Mortage Servicing, Inc. www.ahmsi3.com 877-304-3100 Attn: HAMP Processing 1525 S. Beltline Road Coppell, TX 75019 866-452-1837 AMS Servicing, LLC www.ams-servicing.com 866-919-5608 3374 Walden Avenue Buffalo, NY 14043 716-204-3875 Aurora Loan Services […]
Real Estate Developer Brad Howe, with JBH Holdings, announced today that The Jackson on High project has reached a major milestone by receiving a 100% real estate tax abatement for 10 years. Columbus’ City Council returned the unanimous approval for the tax abatement during the December 14 evening session. The measure would make The Jackson on […]
Non-recourse loans are written in non-recourse states and in these states lenders may not pursue you for anything other than the collateral. The following are non-recourse states: Alaska Arizona Connecticut Florida Idaho Minnesota North Carolina North Dakota Texas Utah Washington The following states allow non-judicial foreclosure: Michigan Minnesota North Carolina Rhode Island […]
Buyers . . . Reap . . . Create Reward from the Benefit of A Short Sale Before buying a property marketed in a “short sale” context, consider the following: Q. How much less should I offer on a property once I learn that the real estate agent has “labeled it to fellow agents” […]
Columbus is a great city and if you’re considering making it your new home you have much to look forward to! Residents of Columbus have much to say about the quality of life and opportunities available in Central Ohio. The city offers a number of extraordinary and highly sought after upscale communities, defined by luxury, uniqueness, location, and amenities offered. […]
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