About Johnson County, IN

When we think foreclosures, I know the tendancy is to picture pee stained carpet, missing appliances and holes in the drywall. But of the 77 homes in the Greenwood and Center Grove area that are currently in a state of foreclosure, pre-foreclosure or short sale, I would classify 6 of these homes as specifically being "Luxury Foreclosures".

These 6 homes range in price from $265,000 to $680,000 and to look at the pictures, you would have no idea that any of them could possibly be facing foreclosure. We're talking Inground Pools, Gourmet Kitchens, Finished Basements, Waterfront Properties, all the bells and whistles included.

Don't believe me? Take a look at these Luxury Foreclosures in Greenwood for yourself and let me know what you think. Be sure to pull up the full property details and even track the most recent price reductions.

Any of them look interesting? Give me a call, let's go take a look! 317.893.1636

Want to get a great deal on a foreclosure? Click Here to see which homes in Greenwood can be purchased for only $100 down!

It is true...the government is giving away money - but only to what they consider first time home buyers. The qualifications are really pretty clear. Here's the skinny: 1.) You have to be a first timer home buyer. What is a first time home buyer (you would think it's pretty self explanatory...but it's NOT!!!) A first time home buyer in the government's eyes is someone who HAS NOT owned principal residence in the past 3 years or a home at all. That means you could've owned a in the past, own a vacation home, own a rental home as long as the home you lived in the past does not have you as a title bearing owner in the past 3 years. 2.) It's technically not $8,000 they are giving you....it's UP TO $8,000 you can earn. Let me explain... They will pay you 10% of the purchase price up to $8,000. Therefore, to recieve the maximum benefit from this program you have to purchase a home for at least $80,000. If you purchase a home for $60,000 then you would only get $6,000 - not the advertised $8,000. (Don't get me wrong...it's still free money!!!) 3.) There is a time limit to cash in.... this year only. The dates that you have to purchase a home are from: January 1st, 2009 - December 1st, 2009 (not the 31st). 4.) There are income limits also (of course). The limits are $75,000 for an individual and $150,000 for a family. The income is "adjusted income" so they do take into account expenses - it's basically your taxable income they are looking at here. If you are above those limits you can still qualify for the rebate, but it will be reduced...if you want additional info just give me a call and we can discuss what you are looking at. 5.) Stay home. You have to live in the home you received the credit/rebate on for a minimum of 3 years. (which isn't a long time...my daughter was only 3 years old at the end of a 3 year time period.) If you don't they can take the money back (they call it a recapture clause). Extenuating circumstances do apply and there could be execptions to the recapture such as death of a spouse, etc. That's it! If you have any additional questions about the program just post them below and I will respond. This way anything I may not have explained clearly others can capitalize on the answers as well. Please remember to send me those referrals! Any of your family members or anyone you work with...send them my way ;-)

Finally! An easy way to find all of Greenwood's Foreclosure, Bank Owned, HUD Owned, VA, Distressed Sale and Short Sale properties all in one easy to find spot.

As of the time of this writing, these 79 Foreclosures (or possible Short Sales) that are currently listed in Greenwood range in price from $680,000 all the way down to only $24,800....amazing!!!

This is an even better and easier way to search for these types of properties than on our Multiple Listing Service or through the Metropolitan Indianapolis Board of Realtors. I'm not even sure that Realtor.com has a searching tool that's this easy.

This is so awesome and we've just added it to our website to make it easy for you to search for Greenwood Foreclosure Homes, too. Check it out and let us know what you think!

This information was originally published at: http://ishopgreenwood.com/2009/02/26/79-greenwood-foreclosures-or-possible-short-sales/

The Academy Awards are tonight. Have you had the opportunity to see the nominated movies? If you're anything like us, you meant to go, but busy schedules and the cost of an evening out may have kept you from making it.

Well, if you can free up time on your schedule, we can pass along some savings! Have you heard about the Kerasote Theaters Five Buck Club? A friend recently told us about this great savings and we want to pass it along to you! We just signed up and are excitedly awaiting our membership card and planning which movie we want to see first!

So what exactly is the Five Buck Club and who can join? Well, once a movie has been out for 2 weeks, sometimes a little longer, you can use your Five Buck Club card and get in anytime, for you guessed it, Five Bucks! No more hurrying to try to make the matinee showings!

Signing up is easy, just go to the Kerasote website, click on the Five Bucks Club, provide your contact information and they'll mail your Five Buck discount card. Currently, four Kerasote Showplace theaters in Indianapolis are participating. Illinois, Ohio, Colorado, California, Iowa, Minnesota, Missouri and Wisconsin also have participating locations. Visit their website to see if there is a theater near you!

Maybe next year we'll have actually seen the movies and know who to cheer for!

It's not often that Indiana makes the national news, yet recently we've been getting a lot of attention -- and not for the right reasons! Yes, it's been in the papers and on the news -- Elkhart Indiana has the highest unemployment rate in the Country. Even President Obama visited the area to market his economic stimulus package.

Well, here's some good news that you may have missed, Indiana also has the most affordable housing. According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index released Thursday, falling home prices have led to the most affordable housing market in at least five years and CNNMoney.com confirms:

"Topping the list of most affordable U.S. metro areas, which ranks areas with more than 500,000 in population, was Indianapolis. This is the city's 14th consecutive quarter in first place; it boasts a full 93% of all homes sold being affordable to median family households." (read more)

Sure, some industries are struggling and unfortunately jobs in areas like Elkhart may be shaky, but that is not the case across much of Indiana. Many Hoosiers are in stable careers in cities with much lower unemployment rates. For those, it may be an excellent time to take advantage of Indiana's affordable housing prices. Rates are lower than we have seen in years, loans are available with as little as 3.5% down and if you're a first time buyer there is an excellent chance you qualify for the $8000 tax credit incentive. Yes, you'll receive $8000 which is yours to keep unless you sell your home in the next 3 years. This is an opportunity that requires serious consideration.

And not only are Indiana's housing prices affordable, our communities provide fantastic amenities to our residents. Do you know that Fishers Indiana was recently named the 10th best place to live in the country! Now that's more good news!

Is it the right time for you to buy? Do you have questions about the Indianapolis area real estate market, mortgage rates, down payments or the $8000 tax credit? - Post them here and we'll respond!

by The Hoagland Team on Hoagland's Chat with Indy Blog