Real Estate Westlake, Elyria, Avon, Ridgeville, OH

Westlake OH – Some buyers think that since it is a buyer's market, then they can make any crazy demand of a seller. And they can't understand when the seller isn't excited by their lowball offer.   Here is an example of a recent story where this happened. A buyer makes an offer on a short sale.  1. The buyer ...

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 ...

Elyria OH – A home owner thinking of a short sale recently asked us why they should short sale versus just walking away and letting their lender foreclose on the home. We gave them the normal answer: “It’s much better for your credit.” That was the first thing that popped into our head.   But, I knew there ...

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 ...

Will I Owe Income Tax After A Short Sale?Elyria OH – This is one of the first questions potential short sale sellers ask us. “I heard of something called “forgiveness of debt income and that it is taxable. How does that work?” they ask.    The following article is my personal opinion only. I recommend that you ...

How GMAC Short Sales Work Westlake OH – GMAC, was the financing arm of General Motors. It was taken over by Uncle Sam and has been mostly privatized as Ally Financial. However, many people still have loans from the original GMAC. Some of these homeowners want to short sale, but are curious about how it works. Discover how other sellers ...

Elyria Short Sales: Can I buy again right after a Short Sale?   Elyria OH – We get this question a lot from people. “I am upside down and need to move. I would like to buy another home. Can I do that?” they ask us.  Today they can. FHA (the Federal Housing Administration) has a new program that enables you to ...

My Realtor hasn't talked to me about a Westlake Short Sale & I'm not even getting a showing. I think I might be upside down. What do I do?  Westlake OH - We recently received a question from Jennifer. She is having a hard time selling her home.  “I have had my house for sale for a little while, but it ...

Elyria Short Sales: Getting divorced, neither can afford, what to do? Elyria OH - In this case I would recommend you sell the house. Now, if you are reading this blog, then you must be researching a short sale. Which means that you are probably upside down on the home. You have three options. Option #1: Let your lender foreclose on the home. ...

Westlake OH - Most people think the person they mail their mortgage payment to every month is the owner of their loan. Not so. In fact, most of the time, they are not the owner. As an example, 80% of all loans that Bank of America handles are not owned by Bank of America. Discover how other sellers successfully did a short sale to avoid ...