Built in 2005, This comfortable well maintained two story home is on a quiet street. Large front porch, perfect for kicking back and relaxing. The spacious yard is perfect for family barbeques. Features include three bedrooms, two up and one on the first floor. First floor bathroom. Large country kitchen, perfect for entertaining or family meals. First time home buyers, or singles, this could be your first home. Offered at $61,900.00. Approximate payment $265.83 principle and interest. Based on 20 % down,30 yr fixed. Taxes $1200 tax per year.
WHy Rent, This home is cheaper than an Apartment.
For more information, email me at Dwilson.cutlerhomes.com or call me at 330-904-4545. Visit my my website at dwilson.cutlerhomes.com.
Built in 2005, This comfortable well maintained two story home is on a quiet street. Large front porch, perfect for kicking back and relaxing. The spacious yard is perfect for family barbeques. Features include three bedrooms, two up and one on the first floor. First floor bathroom Large country kitchen, perfect for entertaining or family meals. First time homebuyers, or singles, this could be your first home. Offered at $61,900.00. Approximate monthly payment is $485.00 Why Rent? Own this beautiful home today.
A Short Sale is another way to stop foreclosures. Be sure to read Stopping or Preventing Foreclosure in Canton, Perry, Plain, Jackson or Stark County Part 1 and Part two.
The first step is to create a short sale package to present to the bank. All packages must have the following items:
1. Since the Real Estate Agent will be talking to the bank for the homeowner, the agent will need an Authorization to Negotiate. This is a form that states that I as the Real Estate Agent will be negotiating on behalf of the homeowners. This form should have the homeowner's name,address, Account number, social security number, date of birth, and any other relevant information. This is faxed to the bank.
2. Hardship Letter - The homeowner needs to write a letter stating what happened that caused them to be in this situation. The situation could have been a loss of a job or a family member, illness, death, divorce etc.
3. The bank will also want two months of bank statement, W2, 1099, Tax Return. The point is to show the bank that you are unable to pay the mortgage.
4. Financial Report - How is the money spent that you do have.
5. Photos of the house - Exterior and interior.
6. New Comps of the neighborhood. What is active, pending and what has sold.
7. Repair estimates.
8. Any headlines or articles about Real Estate in the area.
If you are facing foreclosure, please email me at Dwilson@cutlerhomes.com or call me Deborah Wilson at 330-904-4545. I can help.
In Part One - Preventing and /or Stopping Foreclosure, I shared President Obama's Making Homes Affordable Program. A program designed to keep Americans in their homes. If you did not see it, you can read it here now.
In Part Two, we will focus on eight strategies that will prevent or stop foreclosure. Strategies you can use right now whether you live in Massillon, Plain, Perry, North Canton or Jackson Twp.
But what happened? Let's face it, we're all probably a couple of paychecks away from calamity if a hardship were to happen.
People fall into financial hardships in a number of different ways. Below are some of the reasons why this happens.
Health issues: This is one of the tragedies of not having health insurance or inadequate health insurance, combined with expensive medical bills, can drive homeowners into financial hardship very quickly and cause them to get behind on their house payments and or real estate taxes. This is especially true for the self employed.
Death: Death of a spouse or a loved one. The spouse or heirs cannot or will not pay the mortgage. Once the estate is settled, the bank is forced to take the property back.
Predatory lending or borrowing: Allowing people to borrow when they clearly demonstrated they didn't have enough income to handle increased payment amounts.
Divorce/Separation: A couple separates or divorces and the other person can not make the payments on their own for a prolonged period of time.
Job loss or transfer: Due to the economic climate or global competition may employees are their jobs or businesses. It could be due to downsizing, consolidation, mergers, or just outsourcing jobs overseas.
Two house payments: Having two house payments due to one of the properties not selling fast enough due to a declining market.
4 Ways to Avoid Foreclosures in Canton OH
1. Workout arrangement: (Forbearance) Most lenders will work with a homeowner to work a repayment plan that is affordable to them.
2. Spread out missed payments: (Repayment Plan) The lenders might let the homeowner resume monthly payment
after being behind for a few month, as long as they include an additional amount to make up the difference.include back payments and re-amortize the loan.
3. Changing the terms of the loan: (Loan Modification) If there is an adjustable rate mortgage, the lenders might freeze the current rate so homeowner can keep making current payments, or the lender might extend the term of the loan to reduce the payments.
4. Add back payments to the loan: (Refinance) If there is enough equity in the property and sellers meet the lending guidelines, the lender might increase the loan balance to
4 Ways to Stop Foreclosure for your Stark County home.
1.Reinstatment of Loan: The lender may consider giving the homeowner some additionaltime to bring payments current and pay lender's cost of filing for a foreclosure, to stop the process.
2. Sell the property. if there is enough equity in the property to pay off the mortgage and cover all expenses. Hire a Real Estate agent to market it aggressively. Incentives for buyers to buy it, and agents to sell it.
3. A short sale is a loss mitigation solution. A pre-foreclosure solution. A short sale is when what you owe is greater than the value of the property. It is called a short sale because the bank will be shorted the money it is owed on the mortgage.
A short sale is sold by the homeowner before a foreclosure takes place. Anyone two-three months behind in their mortgage payments is a candidate for a short sale. There are only two reasons why a owner would not be eligible for a short sale - The homeowner filed for bankruptcy or the house is already in foreclosure and the house is scheduled for auction.
4. Deed-in-lieu of Foreclosure: Sometimes when the owner has had a hard time selling the property through a Realtor, ever on a Short Sale,the lender might allow them to deed the property back to the bank as long as there are no other liens against the property. This way the bank doesn't run up more legal and holding cost.
In Part Three, we will focus on the Short Sale process.
In the past six months, there were 104 foreclosed bank owned homes sold throughout Stark County. Currently there are 57 bank owned homes for sale. As a homeowner in Canton, Plain, Perry, Jackson, North Canton or Massillon, you don't have to be in this list, another statistic. There are actions you can take, things you can do to prevent foreclosure.
President Obama's administration has introduced Making Homes Affordable, a plan to help homeowners stay in their homes and or reduce their monthly mortgage payments to a more affordable level.
There are two part to the program:
The Home Affordable Refinance Program is available to those with a solid payment history on an existing loan owned by or guaranteed by Fannie Mae or Freddie Mac. This is available to those who would be unable to refinance from an adjustable rate mortgage into a more stable 30 year fixed mortgage. Normally these borrowers would be unable to refinance because their homes have lost value, pushing their current loan to value ratio above 80%.
The Home Affordable Modification program - doesn't reduce the principal but makes it easier to repay what's owed by reducing the interest rate and stretching the length of the original loan.
Eligibility:
1. Loan must have originated on or before Jan 1, 2009.
2. Must be a First Lien loan, owner occupied property with an unpaid principal balance of up to $729,750. Higher limits are available for owner occupied properties with 2-4 units.
3. Fully documented income, two most recent pay stubs, most recent tax return, and a letter of financial hardship.
4. No investor owned, vacant, or condemned properties.
5. Loans can be modified only once.
Time is of the Essence. Contact your lender as soon as possible. Homeowners can also contact a free local HUD approved housing counselor. HUD approved counselors can help homeowners understand the law, their options, help organize their finances and may also represent them in negotiations with lenders.
Be aware of scams that promise to stop foreclosure if you sign the deed over to them.
Deborah Wilson helps Buyers and Sellers in Canton, Plain, Perry, Jackson, North Canton, Massillon and Stark County. For more informaton please email me at dwilson @cutlerhomes.com or call me at 330-491-2775.
Tips that will get your Stark County home sold fast and for money!
Thinking about selling? Here are 5 ideas that will help get your home sold.
Tip # 1. The first thing is choosing a Real Estate Consultant who is familiar with the Canton community, and surrounding local areas. Ask friends and family to refer you to their Real Estate Consultant.
Tip # 2. Price the house correctly at market value. Your Real Estate Consultant will share with you comparable active, and sold listings that are similar to yours in square footage, style, bedrooms and neighborhood. This statistical data will help you price the house correctly. Remember an agents job is to market the property, not to sell it. If it is not priced right, all the marketing in the world will not sell an overpriced listing. Remember the correct listing price is not what you need to get out of it, or how much was spent fixing it up. Buyers do not care.
Tip# 3. Don't make it difficult to show. You've got to be able to get people into your home when the call comes in. Don't hang around for the showing, don't ask for 48 hours notice, do let the agent put a For Sale sign in the yard. Don't make the agent be there for all showings.
Tip #4. Don't leave money on the table. Repair/Replace anything that's leaking, dripping, missing, chipped, burned out, worn out, or broken. Once you've lived with "stuff" for a while, you don't even see it anymore. Buyers however will notice them right away.
Tip #5. Remove clutter from every counter, closet, desk drawer and room. Clean every surface, carpet, draperies, windows and cabinets doors. Power wash refinish or paint the outside and deck. Pack up items and collectibles that reflect your personal taste. This includes your salt and pepper shakers, and too many photos of your family.
Your home needs to be in shape from the time you put it on the market. Don't have repairs in progress. You'll get the best price and the quickest sale for a house that is turnkey
Deborah Wilson helps people sell or list their homes in Canton, Jackson township, and stark County. If you are a buyer or seller looking for a new home please see the info below.
The 2nd April Art Galerie in downtown Canton OH is crazy cool and fun. There are paintings, artworks, jewelry, furniture, food and live music. The Canton art district comes super a live every first Friday of the month known as the Canton First Friday event downtown.
The 2nd April Galerie features artwork by over 50 local artist.
2nd April Studios and Annex features individual artists.
The lower level features the Kathleen Howland Theatre. A Downtown Community Theatre Space.
The owners of the 2nd Galerie are Brennis Booth jr., and Todd Walburn.
The address is 324 Cleveland Ave NW, Canton Ohio 44702.
Whether buying or selling in the Canton Ohio - Stark County area.
Please call me at 330 904-4545 or email me at dwilson@cutlerhomes.com if you have any question about Canton, Jackson Township, or Stark County Real Estate.
When I get a craving for real soul food, like fried chicken wings, Catfish, barbeque ribs, mac and cheese, and collard greens. I head to Sophia's restaurant in the old Crystal Park neighborhood, at 1243 Harrisburg Rd NE in Canton OH.
When I was placing my order, I saw a bible on the counter for patrons to read while waiting for their order.
This closely relates to their Christian beliefs and heritage. The restaurant is their ministry. Sophia and her husband Claude own the six table restaurant.
The prices are reasonable, the portions are large and the food is delicious.
Everything is made from scratch. I ordered the four piece whiting dinner with collard greens and mac and cheese for $9.50 Yumo! Homemade desserts include Sweet potato Pie and peach cobbler.
The hours are from 12-6pm Tuesday and Wednesday and 11-8 Thursday thru Saturday. To call in your order, the phone number is 330-452-4030.
The Stark County OH Pro football Festival celebration has begun with Hot Air balloons, the Jackson food Fest, and Fireworks! Canton OH rocks!
The Balloon Classic Invitational kicked off the celebration on Friday evening, and then again early this morning about 7:30. Just beautiful! That funny snuffling noise makes you run outside to see what's happening.
The Jackson food fest continues today from 4-11:30pm. The fun is taking place at Kent State University Stark County campus in Jackson twp Oh.
6:30pm this evening, there are so many people sitting in lawn chairs along the road and at Kent State just waiting for the fireworks that won't even happen until 10 pm.
For locations, times and event see the Canton OH Pro football schedule of events.
Stark County Ohio's best party festival and family event.
Everything you want to know about Real Estate in Canton Ohio. Including Massillon, Jackson Township, Perry, Green, North Canton, surrounding Stark County, Akron, and other stuff.
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
For more information, email me at Dwilson.cutlerhomes.com or call me at 330-904-4545. Visit my my website at dwilson.cutlerhomes.com.
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