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 […]
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Ackerly Park Hosting 2010 BIA Parade of Homes
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 […]
List of Servicers Partcipating in Home Affordable Foreclosure Alternatives Program (HAFA)
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 […]
WHY NOW IS THE TIME TO BUY A HOME! – PART I
If you want to buy a home, now is the time, and if you don’t act soon, you will regret it. Here’s a key reason why: historically low interest rates. As of today, the average 30-year fixed-rate loan with no points or fees is below 4%. That, as the graph below”which you can find on Mortgage-X.com”shows, […]
Year End Real Estate & Additional Tax Tips
This is your final reminder to take a few minutes from holiday merrymaking and get those last-minute tax moves done. You have until Dec. 31. After that, there’s little you can do to cut your tax bill. Here’s what you can do before the end of the year to trim your 2009 tax bill. I’ll […]
Market Bottom and Affordable Prices Draw Investors to Real Estate
Affordable prices and what looks like the bottom of the housing market are attracting investors to the housing markets today, as the number of consumers interested in investing in real estate has doubled since March 2009, according to the recently released Move.com Homeownership Survey. Low prices, the extended and expanded home buyer tax credit ($8,000 […]
Non-Recourse States
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 […]
Columbus Listed in 10 Best Cities to Find a New Job
No U.S. cities have been untouched by the economic downturn, but some job markets have been better able to weather the storm. U.S. News & World Report examined a variety of data to identify cities where it’s easier to find a job than in many other places.The underlying strengths of the top cities vary considerably. […]
Short Sale Q&A | For Buyers
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” […]
Luxury Communities | Best Places To Live
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. […]
