by Tammy Murphy | Mar 19, 2012 | Current Events
99 Metros Make Up Latest ‘Improving’ Housing Index
The housing market continues to show signs of a turnaround with 99 real estate markets now making up this month’s Improving Markets Index.
Just before launching into the spring selling season, about a quarter of all metro areas are showing improvements to their housing markets, according to the index.
The monthly index, which is conducted by the National Association of Home Builders and First American, reveals what metro areas have shown an up tick in housing permits, employment and housing prices for at least six consecutive months.
In the top 31 metro areas, Dayton and Columbus were named.
To view a complete list of all 99 metro areas on the index, visit www.nahb.org/imi
by Tammy Murphy | Nov 28, 2011 | Current Events, Investor Relations
Just received our State Realtor Newsletter and boy are the numbers looking good!! I know I have been busy and there is a lot of activity out there – so if it isn’t moving where you are and you have questions, feel free to contact me.
Published by the Ohio Association of REALTORS
Week of Nov. 28
October home sales jump 16.1%
Home sales activity across Ohio surpassed the mark posted during October 2010, a positive result for an industry that has been severely impacted by the economic downturn, according to statistics provided to the Ohio Association of REALTORS by the state’s Multiple Listing Services. (more…)
by Tammy Murphy | Nov 26, 2011 | Current Events, Real Homes to Love, Short Sale
This ad is for the Chevy Cruze ECO, but it makes a very “valid” point…
Watch You Tube video: Chevy Cruze ECO ad
Many times, it is the “first” house you saw…the one you thought had something you didn’t like – that you end up going right back and fall in love with. This video (although for the car itself) is actually a great ad for Real Estate! When you make the list of all the Wants / Needs / and Like To Haves, make sure you allow a little room for your own personal touches to turn the house into your “home!.” I am glad to help assist you in your search 🙂
by Tammy Murphy | Nov 24, 2011 | Current Events, Facing Foreclosure, Short Sale
If you are in need of additional information regarding owing more on your mortgage than what the tax value is / short sales / foreclosures, please feel free to contact Tammy…
Home Affordable Foreclosure Alternatives Program (HAFA)
In 2009, the Treasury Department introduced the HAFA program to provide a viable option for homeowners who are unable to keep their homes through the existing Home Affordable Modification Program (HAMP). The HAFA program took effect on April 5, 2010 and sunsets on December 31, 2012.
HAFA provides incentives in connection with a short sale or a deed-in-lieu of foreclosure (DIL) used to avoid foreclosure on a loan eligible for modification under the HAMP program. Servicers participating in HAMP are also required to comply with HAFA.
HAFA Provisions
- Complements HAMP by providing a viable alternative for borrowers (the current homeowners) who are HAMP eligible but nevertheless unable to keep their home.
- Uses borrower financial and hardship information already collected in connection with consideration of a loan modification.
- Allows borrowers to receive pre-approved short sales terms before listing the property (including the minimum acceptable net proceeds).
- Requires borrowers to be fully released from future liability for the first mortgage debt (no cash contribution, promissory note, or deficiency judgment is allowed).
- Uses standard processes, documents, and timeframes/deadlines.
- Provides the following financial incentives:
- $3,000 for borrower relocation assistance;
- $1,500 for servicers to cover administrative and processing costs;
- Up to $2,000 for investors who allow a total of up to $6,000 in short sale proceeds to be distributed to subordinate lien holders, on a one-for-three matching basis.
Information provided in NAR update report / newsletter November 23, 2011.
by Tammy Murphy | Nov 14, 2011 | SOLD/Pending/Expired
Make Your Offer NOW!
