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 – The Stop Foreclosure Institute recently received a question from Luis. Here is Luis's Question. "I am working on a loan modification on my home. I just don’t want to be upside down and want a fair interest rate. Why should I pay on a mortgage that is twice as much as my home is worth, plus the interest on that ...

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 ...

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% ...

Russell Real Estate Services and Linda A Gray are prepared to help you with all your real estate needs in Cleveland’s far west side suburbs. If you plan to buy or sell a luxury home in Westlake or a 4 acre country lot inWellington or make a move in Elyria, North Ridgeville, North Olmsted, Avon, Bay Village call 440-477-1841.One thing we know ...

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 ...

6 Top Tips to Sell Your House in Today's Market***Know your local market. Not only see what’s sold in the past 3 to 6 months but just as important to know what’s happening now. Check your competition – those for sale now and those in pending status. Price your house accordingly. You want to be at the front of the pack, not ...

Westlake to Wellington Market Report For March/April 2010  It’s the sign of the times! With the ending of the home buyers tax credit we saw many people scrambling to find their new home and get under contract by April 30. All our areas  from Westlake to Wellington saw an increase in homes sold and pending  for the month of ...

FHA Changes for HomebuyersFHA Changes . .Effective date April 5, 2010 – . . .Waiting a few extra days or weeks to purchase a home this spring couldcost buyers thousands of extra dollars as the Office of Housing and UrbanDevelopment (HUD) implements several changes for loans guaranteed bythe Federal Housing Authority (FHA). Coming just weeks ...