Cincinnati Homes for Sale (Daily Activity Report) Weekend Review - 04/27/10 01:42 PM


The last weekend of the tax credit produced a high water mark for pending activity since we started reporting these numbers last summer. 200 pendings over the weekend shattered the previous high mark by over 20 homes, 181 in October 09.

The Home Finder Network was successful in helping dozens of buyers and sellers come together during the tax credit period. We have been expanding our database and are in the process of working several other projects. We want to extend our gratitude to all that have been apart of our business during the past 12 months … (0 comments)

REO banks requiring use of their title company - 04/27/10 01:38 PM
Banks selling their REO property often require that the buyer use the bank's title company for the closing. Is this intelligent? The Bank's foreclosure title agencies seem overwhelmed and have been missing liens in the foreclosure actions. Unfortunately, if they handle the closing afterward they often don't double-check their work. They simply update the title, looking for new items which may have shown up. This means they can't tell if they missed something or not. Here are just a few bank-owned issues we have encountered in the last couple months:

1. A second mortgage for $62,000 was missed.
… (1 comments)

Cincinnati Homes for Sale (Daily Activity Report) - 04/22/10 12:46 PM


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Cincinnati Homes for Sale (Daily Activity Report) - 04/15/10 07:37 PM


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Cincinnati Homes for Sale (Daily Activity Report) - 04/13/10 08:57 PM


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Cincinnati Daily Home Sales Report - 04/11/10 08:48 PM
For Thursday April 8th

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Weekly Mortgage Rate Update - 04/08/10 08:39 PM
Just a quick weekly update from your Mortgage Partners:
 
Rates:
30 year fixed 5.125%
15 year fixed 4.50%
7/1 ARM 4.25%
5/1 ARM 3.75
FHA 5.125%
Jumbo Fixed 5.85%
Jumbo 5/1 ARM 4.15%
Market News Stocks are trading higher this morning based on last Friday's positive Jobs Report, which was released when the market was closed for the Easter holiday. The boost in Stocks is applying selling pressure to Mortgage Bonds.
In today's news, Pending Home Sales saw an 8.2% jump during February, which is a good sign for the housing market. With Mortgage Bonds already under selling pressure and … (0 comments)

Short Sale Authorization - 04/07/10 05:10 AM
On short sales, the seller signs an authorization form to allow the Realtor or negotiator to communicate with the Bank(s) and lien holders. Whenever you prepare the authorization form, please try to think of everyone who may be dealing with these companies and include them on the form. It is a good idea to include relatives, the Title Agency, Attorney and POA of anyone who is assisting the seller. If nothing else, you should always try to include the Title Agency because we create the HUDs and when a HUD is rejected, we should be able to communicate with the short … (1 comments)

Cincinnati Homes for Sale (Daily Activity Report) - 04/07/10 05:06 AM


Pendings Avg LP: $159,550

Solds Avg SP: $135,870

New Listing Avg LP: $178,887

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Kris Cooper

Anderson, OH

More about me…

Re/Max Preferred Group

Address: 8291 Beechmont Avenue Suite A, Cincinnati, OH, 45255

Office Phone: (513) 519-3912

Cell Phone: (513) 519-3912

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