List for Less in November and December in Central Ohio!!

SHORT SALE OPPORTUNITIES FOR OHIO HOMEOWNERS!!!

Short Sale Agent Update

October 3, 2013

Distressed Ohio Homeowners May Qualify for Ohio's Save the Dream Ohio Transition Assistance Program (TAP) If your financially distressed Ohio clients can no longer afford their homes and are pursuing a short sale or a deed in lieu of foreclosure, they may be eligible for financial help with their relocation to alternative housing. The funds come from Transition Assistance Program (TAP), part of the Save the Dream Ohio Program. The state of Ohio is providing up to $5,000 in transition assistance to qualified homeowners who can no longer afford to stay in their homes.  You can help by advising your distressed clients that they must: Apply for the funds through their state's website or by calling 1.888.404.4674.   Maintain their property until their house is sold or returned to the lender via a negotiated deed in lieu of foreclosure. For qualified homeowners, these state funds may be used in addition to any other transition assistance that the homeowner may receive by participating in the Federal Home Affordable Foreclosure Alternatives (HAFA) program or in any other pre-offer short sale program. To learn more about the Transition Assistance Program's guidelines, and how your clients may qualify, please visit that program's website at www.savethedream.ohio.gov.  If you think you are interested in finding out more information on this program please feel free to call me for a FREE consultation!!  See MY WEBSITE for additional information!!

FREE Credit Seminar @ Easton Town Center

Do you have bad credit? Do you have no credit? Team USA Credit Repair and Molly Hay, have teamed up to help you rebuild your credit!! Let Curtis Luckett III show you how he can help you go from a 500 credit score to a high 600-700 in 60-90 days!!! He has helped previous clients rebuild their credit quickly and help make the American dream of owning a home a realty!!!

Where: Remax Town Center Located at: 4100 Regent Street, Suite B, Columbus OH 43219
Date: 7/17/2013
Time: 7:00  p.m.
This seminar is FREE!! If you are curious about your credit score this seminar is a MUST!!

Facebook Event Link:

https://www.facebook.com/events/383014108464715/

TO RSVP:  Call/Text 614-581-2086 or Email: hay.molly@gmail.com

The 2007 Mortgage Forgiveness Debt Relieft Act has been EXTENDED!!!!!

Congress passed a bill yesterday, The American Taxpayer Relief Act of 2012 (Sec. 202) which extends the Mortgage Forgiveness Debt Relief Act through December 31, 2013. This legislation extends dozens of other tax cuts that have expired or are set to expire at the end of the year, including one that extends homeowners’ ability to deduct the cost of mortgage insurance on a qualified personal residence.

Under the federal tax code, all types of forgiven debt are treated as income, subject to regular taxes. Because of the Mortgage Forgiveness Debt Relief Act, homeowners who get their mortgage debt forgiven through either a short sale, loan modification, deed in lieu or foreclosure won’t be taxed on the amount forgiven up to $2 million. This has been a huge incentive for sellers in a distressed situation!!! This act has helped distressed homeowners move on and get back on track faster!
This law was set to expire December 31, 2012. If it hadn’t been extended, any forgiven amount of debt would be considered taxable income, which would be devastating for homeowners who are already experiencing a financial hardship.

If you or someone you know is facing foreclosure please do not hesitate to call me! I am an experienced short sale agent who can help you avoid foreclosure!! I am a FREE service to you if you qualify for a short sale!!!  There are options available to you, don't just walk away!!!

FREE SEMINAR - Avoid Foreclosure in Central Ohio

On Thursday, October 18th, 2012 at 6:30 p.m. I will be hosting a FREE seminar to answer questions about avoid foreclosure.
 If you are behind on payments, struggling to make ends meet, or owe more than what your home is worth you MUST check this out!!




Items Discussed:

What are my options?

What are my next steps?

What is a short sale?

Short Sale VS. Foreclosure

What does a short sale/foreclosure do to my credit?

Can I stay in my home?

AND SO MUCH MORE!!!



The Seminar will be hosted at the Panera on East Broad Street (6887 East Broad Street Columbus, OH) at 6:30 on 10/18th.



Avoid Foreclosure Packets will be handed out for free!!


Stop out and take advantage of this opportunity!!


Spaces are limited so please RSVP to hold your seat!!!


614-581-2086 (Text or Call) or respond to this ad or Visit my website

FHFA Announces Short Sale Assistance for Military

On June 21,2012 the Federal Housing Finance Agency is announcing changes to short sale polices that will make it easier for military homeowners with Fannie Mae and Freddie Mac Mortgages to honor their financial responsibilities when they are issued ta Permanent Change of Station (PCS) order. 

This program will alleviate the tough issues that the average home owner is facing when they sell their home in this tough economy.  When a member of the armed forces receives a PCS orders it requires them to move to a new duty station under short, strict time lines.  If their homes have declined in value, they may be unable to sell the home and obtain sufficient funds to pay off the mortgage debt obligating them to continue making monthly payments after relocating to a new duty station. 

What this program will do is allow these service members with PCS orders eligible for a short sale immediately, even when they are current on their existing mortgage.  Once they receive permission stating they are eligible they will be exempt from deficiency judgments from Fannie Mae and Freddie Mac.  They will be relieved of any request or requirement for a cash contribution or promissory note so long as the property was purchased on or before June 30, 2012. 

To be eligible the person must be in the military and have a PCS order.  Their current mortgage must be owned or guaranteed by Fannie Mae or Freddie Mac.

If you think you may be eligible for this program, please call me today!!!  I am a short sale expert in the Central Ohio area and if you qualify for this program you can hire me for FREE to assist you!!!

Molly Hay
Realtor, CDPE & SFR
Remax Town Center
614-581-2086

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!!