Monday, May 28, 2012

Big Foreclosure News for Columbus, Ohio..NOW IS THE TIME TO BUY!!

Realty Trac posted an article on 5/24/2012 need the top 10 foreclosures in 2012. The selected location were out of the 100 largest metropolitan statistical areas based on population. The list was further narrowed according to the markets with at least 200 foreclosure-related sales transaction in January 2012. Then it was whittled down again to only include metros with foreclosure sales prices at least 20 percent below the average price of a non-foreclosure property.

Columbus, Ohio ranked #10, where the average sales price is $98,223 falling from $101,152 last year! Average discounts were 32%.

If you are a buyer or investor looking to buy a foreclosure around the Central Ohio area, look no further! I am highly experienced in short sales, fannie mae, freddie mac, Bank of America, Fifth Third, Homesteps, Homepaths, REO, and HUD properties. I have many transaction and multiple certifications in these areas! As a buyer or investor I am a FREE service to you so hire me today for results!!

Tuesday, May 22, 2012

Are you a distressed Ohio Homeowner? Are you in need of help? READ THIS NOW!!!!

Distressed Ohio Homeowners May Qualify for the Transition Assistance Program (TAP)

If you're financially distressed in Ohio and you can no longer afford your home and are pursuing a short sale or a deed in lieu of foreclosure, you may be eligible for financial help with their relocation to alternative housing.

The Ohio Housing Finance Agency (OHFA) administers the state's leading foreclosure prevention program, Restoring Stability: A Save the Dream Ohio Initiative.

The State of Ohio is making this transition assistance available to qualified homeowners who may be eligible to receive up to $5,000 to assist with their relocation. You must:
· Apply for the funds while actively engaged in a short sale or a deed in lieu but before they complete the transaction.
 · Maintain their property until their house is sold or returned to the lender as negotiated.

For those who qualify, Restoring Stability funds would be in addition to any transition assistance the homeowner may receive as a result of participation in the Home Affordable Foreclosure Alternatives (HAFA) program or any other pre-offer short sale program.

To find out more about the Restoring Stability program and how your homeowners may qualify, visit or call me today to set up a consulation! Let me help you today!!

Wednesday, May 16, 2012

Bank of America Announces: New Short Sale Relocation Assistance Program!!!

Bank of America is excited to announce that for a limited time, they are offering enhanced relocation assistance payments in which qualified homeowners who initiate a short sale without an offer could be eligible to receive $2,500 - $30,000* in relocation assistance and owe no more on their mortgage with the sale of their property. The homeowner must participate in one of the preapproved price short sale programs, such as HAFA (Home Affordable Foreclosure Alternatives) or Bank of America's proprietary program. Specific investor participation and eligibility criteria do apply to these programs. If you are in an active short sale with Bank of America now, please ask you agent if you are eligible. Frequently Asked Questions: Q: How can I find out if I qualify for this limited time offer? A:Call a Bank of America short sale specialist at 1.866.880.1232 Monday - Friday 8 a.m. - 10 p.m.; Saturday 9 a.m. - 5:30 p.m. Eastern. Q: Do I have to do anything special? A: No. But act quickly this is a limited-time offer that you won't want to miss out on. Call an Realtor experienced in short sales with Bank of America in your area NOW!! Q: If a short sale is initiated with an offer, will it qualify for this relocation assistance? A: No. This relocation assistance is only available on preapproved price short sale programs. Short sales initiated at the time an offer is received do not qualify for the enhanced relocation assistance funds. Q: Can the relocation assistance funds be used to pay off existing liens? A: Yes, the homeowner may use funds to pay off existing liens or to help with relocation expenses. Q: Is the relocation assistance added to any other incentives, such as the HAFA or Bank of America proprietary program incentives? A: The homeowner incentive will be inclusive of the $3,000 HAFA incentive. For example, if the homeowner is eligible for a $5,000 homeowner incentive, $3,000 will be from the HAFA incentive, and $2,000 will be from the homeowner incentive. Q: Is the enhanced relocation assistance available for other programs? A: Currently, the enhanced relocation assistance is only available to short sale programs initiated without an offer. However, as we evaluate the success we may extend this incentive to other programs. Questions? Homeowners and agents may call 1.866.880.1232to speak to a Bank of America short sale specialist about this exciting limited-time preapproved price short sale program offering. If you are in the Central Ohio Area and you think this program might help you call ME today!! I am a CDPE and SFR agent able to assist you with your Bank of America short sale!!! *The relocation assistance payment is calculated based on the appraised value of the homeowner's property. The total amount will be no less than $2,500, but no more than $30,000. The payment will be delivered at the time of closing if the homeowner complies with all terms and conditions of the Short Sale Agreement, which includes but are not limited to the following: a full walk-through appraisal must be completed and the homeowner must satisfy all junior liens and provide clear title for the property (the relocation assistance payment can be used to clear those liens). The short sale must close by September 26, 2013. If the homeowner does not comply with all terms and conditions of the Short Sale Agreement, they will not receive the relocation assistance payment. The amount of any deficiency and relocation assistance will be reported to the Internal Revenue Service (IRS) on the appropriate 1099 Form or Forms. We suggest that the homeowner contact the IRS or their tax preparer to determine if they have any tax liability.