Homes for sale Cincinnati Ohio

Greater Cincinnati's Real Estate Connection

Foreclosures & Short Sales Category

Foreclosure Process Speeding Up in Ohio

filed under: Foreclosures & Short Sales posted on July 5th, 2016

Homes for sale Cincinnati Ohio

If the property next has been vacant forever and waiting for the lender to foreclose.  Governor John Kasich signed the bill last week  (H.B. 390) aimed at speeding up the foreclosure process in Ohio.  Now we must wait 90 days until the bill becomes law. "Ohio has now put itself ahead of the national curve in fighting community blight," Robert Klein, founder and chairman of Community Blight Solutions, told HousingWire. Klein says his Cleveland-based organization has worked for three years to...

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Foreclosures and Short Sales in Greater Cincinnati

filed under: Foreclosures & Short Sales posted on December 7th, 2015

Homes for sale Cincinnati Ohio

The real estate market is slowly improving but "foreclosures" and "short sales" still pop up in the listing inventory. The term "short sale" refers to a sale where the mortgage holder owes more than the property is worth- and the lender agrees to accept less than what is owed. The lender agrees to be "shorted". However while the process of "short sales" has improved (somewhat) over the years-many sellers and buyers find themselves at the mercy of unseen and unknown "processors" working...

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Are Short Sales Declining in Greater Cincinnati?

filed under: Foreclosures & Short Sales posted on July 18th, 2013

Homes for sale Cincinnati Ohio

The number of homes and condos for sale in Cincinnati Ohio that fall under the category of short sales seems be declining. It's hard to pinpoint exactly when the tide began to turn and whether home owners still on the brink financially have escaped using short sales as a tool to eliminate crushing mortgage debt.  Rising interest rates and continuing economic uncertainty will continue to fuel the short sale market.  By now consumers would expect that lenders/servicing companies handling short sales...

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Cincinnati Short Sales

filed under: Foreclosures & Short Sales posted on April 16th, 2013

Homes for sale Cincinnati Ohio

Short sales are part of the real estate business in home and condo sales in Cincinnati. The term "short sale" refers to a sale where the mortgage holder owes more than the property is worth- and the lender agrees to accept less than what is owed. The lender agrees to be "shorted". However while the process of "short sales" has improved (somewhat) over the last few years-many sellers and buyers find themselves at the mercy of unseen and unknown "processors" working...

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Help with Mortage Modifications for Greater Cincinnati Homeowners

filed under: Foreclosures & Short Sales posted on October 22nd, 2012

Homes for sale Cincinnati Ohio

Until recently every time a struggling homeowner would contact me to find help with a loan modifications- every call required unique searches and phone calls to find the right contacts. Help may have arrived as a result of the $25 billion National Mortgage Settlement with the five largest mortgage servicers  - a somewhat consumer-friendly website  Homeowner Connect -was developed and funded by GMAC and aimed at assisting their drowning homeowners with handling their own applications, checking the status, and locating Department...

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