Homes for sale Cincinnati Ohio-Cincinnati Real Estate

Greater Cincinnati's Real Estate Connection

Foreclosures & Short Sales Category

Are Short Sales Declining in Greater Cincinnati?

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

Homes for sale Cincinnati Ohio-Cincinnati Real Estate

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-Cincinnati Real Estate

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-Cincinnati Real Estate

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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Are You One of 65,000 Ohioans Eligible for Mortgage Settlement Funds?

filed under: Foreclosures & Short Sales posted on October 2nd, 2012

Homes for sale Cincinnati Ohio-Cincinnati Real Estate

In a recent news release, Ohio Attorney General Mike DeWine announced that nearly 65,000 Ohio residents who lost their homes to foreclosure in the past three years may be eligible for payment under the $25 billion National Mortgage Foreclosure settlement. Claim forms are being sent to eligible borrowers who had mortgages with Ally/GMAC, Bank of America, JPMorgan Chase and Wells Fargo, the nation’s five largest mortgage servicers who agreed to the settlement with the federal government and attorneys general for 49...

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What’s Happening with Foreclosures in Cincinnati and Ohio?

filed under: Foreclosures & Short Sales posted on September 25th, 2012

Homes for sale Cincinnati Ohio-Cincinnati Real Estate

Ohio ranks 7th in the top ten states with the highest foreclosure rates! According to RealtyTrac foreclosures in judicial foreclosure states (Ohio is a judicial state) are "boiling over".  Overall foreclosure related filings are down sharply from a year ago- in spite of increased activity in states where courts are in charge of the foreclosure process.  Ohio now ranks 7th with 1 in 556 homes in foreclosure. In the greater Cincinnati market potential buyers can check local county Sheriff web sites for...

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