For many Cincinnati residents, foreclosure is a reality. Due to many factors affecting the economy as well as deceptive lending practices by some banks, uninformed customers have applied for and were granted loans that they simply can't afford. Ohio Governor Ted Strickland has launched a program to … [Read more...]
Unlocking the Mystery of the Credit Score
Credit is an important factor in having the ability to obtain a mortgage or other loan for a big ticket item. To most people how a "credit score" is determined is a mystery. Most people do not know what their score is unless they apply for a loan or run a report through one of the credit unions. … [Read more...]
Fradulent Appraisals
A recent article in the St. Pete Times discusses the apparent fraudulent appraisals that very well may have contributed to a number of mortgage fraud cases in the Tampa Bay area. Appraisers are a critical part of the home buying process because they help the lender determine the value of the … [Read more...]
Expect a Great 2008 in the Cincinnati Realestate Market
As we look back at what was the last half of 2007, from a real estate perspective, on a national level things were not all that good. The sale of new construction and existing homes was down, due in large part to the sup-prime mortgage mess. Part of the current real estate cycle is a return to … [Read more...]
The Mortgage Forgiveness Debt Relief Act of 2007 H.R. 3648,
Everyone agrees that people loosing their homes to Foreclosure is bad for individuals, banks, and neighborhoods. In fact so many people are aware of it even Congress is stepping in to help people in better proceed with Debt Forgiveness. In normal circumstances when you have a debt forgiven, or … [Read more...]
