After many months of negotiation, 49 state attorneys general and the federal government have reached agreement on a historic joint state-federal settlement with the country’s five largest loan servicers: Ally/GMAC Bank of America Citi JPMorgan Chase Wells Fargo As has been reported the settlement will provide as much as $25 billion in relief to distressed […]
Category Archives: Uncategorized
How to Fight and Avoid a Low Appraisal
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 […]
Who Pays Back Property Taxes on a Short Sale?
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 […]
Fischer Homes
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, […]
M/I Homes
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
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 […]
Short Sales and Bank Owned Properties – How to Avoid the Most Common Complaints
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 […]
HAFA Program Posts New Short Sale Guidelines
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 […]
Best Time to Make a Price Reduction
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 […]
Condos Face FHA Deadlines
An estimated 2,200 condominium projects nationwide last week lost their eligibility for Federal Housing Administration-guaranteed sales and refinancing. Unless condo officials take action, another 23,000 residential condos with housing units numbering in the tens of thousands will lose their eligibility by spring. That means that buyers of units in these buildings won™t be eligible for […]
