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. ...

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 – Many home buyers think that the short sale lender is in charge during a short sale. Nothing could be further from the truth. The short sale lender can only veto short sale offers. They can’t put the property up for sale or decide who to sell it to. Only the home owner can do that. Why is that? Until the lender ...

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 ...

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% ...

30-year fixed-rate mortgages hit a new record low  The weekly mortgage rate reports released Thursday indicate 30-year fixed-rate mortgages hit a new record low.Examples of monthly payments:Assuming 20% down and 30 Year mortgage at 4.375% interest rate (APR 4.551%)  as provided by Russell’s preferred lender American Midwest ...

[photo:listing:17390500] 4 Acre Country Property  4 Acre Country Property For Sale in Wellington• 2,280 sq. ft., 3 bath, 3 bdrm 2 story - MLS® $225,000 - Great Value! Wellington, Lorain County  -  Country living at it's best! Custom Built 1995 Cape Cod! Spacious rooms, first floor master & laundry room! ...

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 ...