Last week's tip was a little lengthy so I didn't include the good news in our market place and there is good news. The market is neither good nor bad... it just is. It's your perspective that makes it good or bad.
For instance, homes in some areas have actually been appreciating! You read it correctly, some subdivisions in central Ohio have enjoyed almost 10% increase in value in the last two years!
I have documentation on which areas are appreciating and I'm happy to share this information. Just give me a call.
I have also become quite an expert on short sales and loan modifications. If you know someone who is struggling making mortgage payments, have them get with me right away. There are options if one gets on it quickly.
For instance, do you know a short sale (where the home is sold and the lender doesn't get the loan paid in full) can be accomplished and not even affect the seller's credit score? Do you know, in some cases a lender will lower the interest rate, or discount the mortgage as much as $50,000 to hopefully keep from having to foreclose.
Is this a great country or what!
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