If you find yourself behind on payments because of life situations, there is no shame. Watch this video and see why you should not be embarrassed if you find yourself behind on payments. Continue Reading about Don’t be Embarrassed about Pre-Foreclosure!
Foreclosures
What is a Short Sale?
Avoid Home Foreclosure in Ohio
Finding help to Avoid Foreclosure in Ohio may seem like a challenge. Some say they feel lost or hopeless but there is local, professional help available, call 330-573-1541. There are solutions but time is of the essence, you must take action quickly. The sooner you act, the more options you have. As a homeowner, make sure to avoid any companies offering “foreclosure rescue” that want upfront money to help. Paying for consultation and assistance is unnecessary, even when behind on payments. This is a growing problem so stay alert and know the experience, reputation & referrals of the real estate professional you are working with. Real help is free, don’t fall for scammers’ promises Continue Reading about Avoid Home Foreclosure in Ohio
2022 Mortgage Borrowers Underwater
Sudden and shocking numbers out of a recent report by Black Knight showing that there is a large upswing in recently acquired mortgages that are already underwater. "More than 25% of 2022 FHA/VA purchase mortgage holders have now dipped into negative equity, with 80% having less than 10% equity." Quite often there’s not enough equity in their home to sell if a job or income loss arises and the homeowners need a quick sale. These loans are a victim of an overaccelerating hot seller’s market followed by a swift mortgage rate increase. This year in the U.S., mortgage rates rose higher and faster than any other time in U.S. history. Those rising mortgage rates have cooled the purchase frenzy Continue Reading about 2022 Mortgage Borrowers Underwater
Ohio Certified Distressed Property Expert
What is an Ohio CDPE? An Ohio Certified Distressed Property Expert is a real estate agent trained to help homeowners avoid foreclosure. A Certified Distressed Property Expert, or CDPE has specialized training with the complex issues confronting distressed home owners. Foreclosure avoidance options available to homeowners. Through comprehensive training and experience, CDPEs are able to provide solutions for homeowners facing hardships in today’s market, specifically short sales. Are you behind on your house payments? Are you facing Foreclosure, Pre-Foreclosure or Notices of Default from your lender? You may be surprised at the options available to you. You might not have to walk away Continue Reading about Ohio Certified Distressed Property Expert
Foreclosure Activity Increases Nearing Pre-Pandemic Levels
Foreclosure starts close to pre-pandemic levels nationwide Lenders started the foreclosure process on 67,249 U.S. properties in Q3 2022, up 1 percent from the previous quarter and up 167 percent from a year ago — nearly reaching pre-pandemic levels. “Foreclosure starts, while rising since the end of the government’s foreclosure moratorium, still lag behind pre-pandemic levels,” said Rick Sharga, executive vice president of market intelligence for ATTOM. “Foreclosure activity is reflecting other aspects of the economy, as unemployment rates continue to be historically low, and mortgage delinquency rates are lower than they were before the COVID-19 outbreak.” States that posted the Continue Reading about Foreclosure Activity Increases Nearing Pre-Pandemic Levels
