Real Estate Westlake, Elyria, Avon, Ridgeville, OH

Westlake Short Sales: What is a BPO?   Elyria OH – If you have been reading about short sales, then you have probably heard the term "BPO" and wondered what it meant. BPO stands for Broker's Price Opinion. A Broker's Price Opinion is when a licensed real estate agent gives their opinion of the value of a property. ...

Elyria OH – If you are selling your Westlake home, then ask the buyer to write a letter about why they want to purchase the home. If you are a buyer, then write that letter. The listing agent will submit that letter along with the short sale paperwork. With a little luck that letter will help “grease the wheels” and cause the ...

Desperate Lenders Will Accept Any Offer?   Elyria OH – Have you heard the following myths about short sales? Myth #1: You can buy short sales for dirt cheap and then turn around and resell them for a profit. Myth #2: Foreclosures, Short Sales, and Bank Owned Homes can be bought for 30 to 50 cents on the dollar with no money ...

Westlake Short Sales: Why Should I Short Sale? Westlake OH – We often get asked if a short sale is even worth the effort. “Why don’t I just let the bank have the property”, sellers tell us. “I don’t ever think I’ll be able to fix my credit to be able to buy another house.” Discover how other ...

Daily Real Estate News  January 12, 20112011 Mortgage Trends: Jumbo Loans, Cash Buys The number of mortgage applications for home purchases is expected to become a bigger part of the mortgage market in 2011 as home prices stabilize, predicts the Mortgage Bankers Association. Refinancing has mostly dominated in recent months as home ...

Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general. Please click on this link to view the ...

  From REALTOR MAG Daily Real Estate News  |  November 26, 2010   New Lending Guidelines Benefit Young Borrowers Under Fannie Mae's new lending guidelines, which will take effect Dec. 13, securing a mortgage will become easier for some borrowers and more difficult for others. These new rules will allow ...

BIG Change for FHA Buyers The following is the change that will take place on and after Sept. 7th1.)          Upfront MI to be decreased from 2.25% to 1.25%2.)          Annual MI to increase as follows; (Keep in mind the present annual MI premium is .55% ...

Have Interest Rates Bottomed and Now Going Up! According to the weekly Rate Trend Index from Bankrate,   rates have bottomed. 62% of the expert panelists expect mortgage rates to remain unchanged over the next seven days. While 38 % believe rates will increase in the coming week. (DSNews 6/3/10)The time to buy is now!    Get ...

Jan 2010 - Real Estate Market Reports for Westlake, North Olmsted, Elyria, Fairview, Bay Village, Grafton, Avon, Wellington, Lorain & Cuyahoga Co. according to data gathered from NEOHREX(Northeast OhioReal Estate Exchange): Westlake:      Jan 2009    Sold 12  ...