Cincinnati Real Estate

Greater Cincinnati's Real Estate Connection

Kathy S. Koops GRI

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Foreclosures & Short Sales Category

Cincinnati Foreclosures

filed under: Foreclosures & Short Sales posted on April 13th, 2017

Cincinnati Real Estate

As the greater Cincinnati real estate market heats up there's some concern about repeating the craziness that crashed the economy not so long ago.   In February, 2017 (latest data available from Multiple Listing Service of Greater Cincinnati) 8.14% of the new listings had "Lender Involvement" compared to 12.12% in February of 2016.  Sales with lender involvement was 12.62% in February 2017 compared to 18.96% for the same time frame in 2016.  So we're are trending in the right direction. CoreLogic reviews national...

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Foreclosure Process Speeding Up in Ohio

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

Cincinnati Real Estate

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

Cincinnati Real Estate

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

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

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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