I found this article on the foreclosure freeze, it was very helpful and thought I would share!
Have a great Holloween!!
Speaking of Real Estate Article
Wednesday, October 20, 2010
News from Realtor Magazine about the foreclosure freeze
I found this article on the foreclosure freeze, it was very helpful and thought I would share!
Have a great Holloween!!
Speaking of Real Estate Article
Tuesday, September 28, 2010
Toledo Foreclosure News For September
There are many changes as we approach fall and tons of great deals out there on foreclosure and pre-foreclosure homes! The rates are still low and it is a great time to buy or invest!
Check out the latest news on foreclosure here!
Click link
Toledo Market Trends
Tuesday, May 18, 2010
HAFA Helps Homeowners who need to avoid foreclosure
HAFA is a program available to homeowners who are facing foreclosure. This program is supposed to streamline the short sale process for homeowners that need to sell their home to avoid foreclosure.
Due to the market conditions many sellers are unable to net enough to pay off the existing mortgage or they are behind on their payments and already receiving foreclosure notices. There is help out there!
More information available at this link and definitely worth the time to read if you or anyone you know is facing foreclosure!
http://hafa-program.com/
Need to know how a short sale works?
Short Sale Information
Thursday, March 18, 2010
Perrysburg and Toledo Rentals- Evicted Due to Foreclosure
You are thinking about renting a home, doing a lease option, or any type of seller financing, be sure to check on the seller as much as they check on you
Example: You rent a home and pay your landlord on time every month and then suddenly you start to see notices coming from the bank, the sherriff shows up with an eviction notice, or you have a sudden eviction from the owner of the home.
Good Read from Legal Encyclopedia
http://www.nolo.com/legal-encyclopedia/article-30064.html
Your first question is, How can this happen? I can't be evicted if I have followed all the rules of the lease-can I?
It does happen and there are resources to help when it does.
Many renters are unaware of the landlords financial situation when they sign a lease. You may pay rent to a landlord who is not paying their mortgage and they can get away with that for a long time before the bank forecloses on the home you are living in.
If you are thinking about renting a home, make sure you research the owner of the home as closely as they research you!
If you are able to buy a home, your investment will be more secure, however, if you are going to rent, lease option, do seller financing, or buy a home, hire an attorney to look into the contracts and title work so you don't end up with a landlord or seller that can't pay the bills.
I can help you with rentals as well as buying your first home!
Example: You rent a home and pay your landlord on time every month and then suddenly you start to see notices coming from the bank, the sherriff shows up with an eviction notice, or you have a sudden eviction from the owner of the home.
Good Read from Legal Encyclopedia
http://www.nolo.com/legal-encyclopedia/article-30064.html
Your first question is, How can this happen? I can't be evicted if I have followed all the rules of the lease-can I?
It does happen and there are resources to help when it does.
Many renters are unaware of the landlords financial situation when they sign a lease. You may pay rent to a landlord who is not paying their mortgage and they can get away with that for a long time before the bank forecloses on the home you are living in.
If you are thinking about renting a home, make sure you research the owner of the home as closely as they research you!
If you are able to buy a home, your investment will be more secure, however, if you are going to rent, lease option, do seller financing, or buy a home, hire an attorney to look into the contracts and title work so you don't end up with a landlord or seller that can't pay the bills.
I can help you with rentals as well as buying your first home!
Friday, January 29, 2010
Tax Credit News for Buyers and Sellers
Most of us are already aware of the first time home buyer credit that is available. There is also a credit available to people who have owned their current home for 5 consecutive years and are selling it to buy another home.
I am finding as I talk to more of my past clients and current sellers that many are not aware there is a tax credit for existing homeowners who are making a move. There is more information at the link provided here. NEWS LINK ON TAX CREDIT
I am finding as I talk to more of my past clients and current sellers that many are not aware there is a tax credit for existing homeowners who are making a move. There is more information at the link provided here. NEWS LINK ON TAX CREDIT
Tuesday, January 12, 2010
Selling a home in Toledo and Perrysburg Market
There isn't a magic marketing ball that is going to change a homes value in this market. My husband, being a cop and detective, has 3 or 4 words to deal with this- "it is what is", "suck it up", and "deal with it" I love the message-it has worked wonders with our kids too!
SELLERS
The news for our sellers hasn't changed much-the foreclosure and short sales are reducing the price on existing homes. Even if you would like to generate a certain amount for your home-the home appraisal may will have an impact on your selling price
Existing home owners really need to think about whether they "have" to sell or "want" to sell in this market.
If you "want" to sell your home and there is some equity to work with-make sure your end goal is to make money on the home you are buying or the area you are moving "up" to. If you are relocating in Toledo or the surrounding areas, you should be looking at 3-5 years in the next home-at least.
If you "have" to sell in order to buy another home, relocate, or for any reason, look carefully at the market and make sure you know what to expect, up front, with pricing. The biggest mistake you can make as a seller in this market is to keep your price the same for 3 or more months. You have to reduce your price if you are not getting any showings.
If you don't feel you can reduce the price-then you need to take a look at whether you really need to sell your home or just "want to sell"
Price drives today’s market-not the cute features the home has, or the great virtual tour, or the top of the line marketing. I have provided all of that for years. We go above and beyond with marketing for our seller clients.
We provide advanced online marketing for our sellers and find the listings have great exposure. The cost involved is worth the results for my clients!
My buyer clients all want the same thing in today’s economy-"find me a great price on a home-foreclosure, short sale, regular owner, corporate, estate." They don't care who owns the home as long as they are getting a great buy!
SELLERS
The news for our sellers hasn't changed much-the foreclosure and short sales are reducing the price on existing homes. Even if you would like to generate a certain amount for your home-the home appraisal may will have an impact on your selling price
Existing home owners really need to think about whether they "have" to sell or "want" to sell in this market.
If you "want" to sell your home and there is some equity to work with-make sure your end goal is to make money on the home you are buying or the area you are moving "up" to. If you are relocating in Toledo or the surrounding areas, you should be looking at 3-5 years in the next home-at least.
If you "have" to sell in order to buy another home, relocate, or for any reason, look carefully at the market and make sure you know what to expect, up front, with pricing. The biggest mistake you can make as a seller in this market is to keep your price the same for 3 or more months. You have to reduce your price if you are not getting any showings.
If you don't feel you can reduce the price-then you need to take a look at whether you really need to sell your home or just "want to sell"
Price drives today’s market-not the cute features the home has, or the great virtual tour, or the top of the line marketing. I have provided all of that for years. We go above and beyond with marketing for our seller clients.
We provide advanced online marketing for our sellers and find the listings have great exposure. The cost involved is worth the results for my clients!
My buyer clients all want the same thing in today’s economy-"find me a great price on a home-foreclosure, short sale, regular owner, corporate, estate." They don't care who owns the home as long as they are getting a great buy!
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