WOSU presents a panel discussion with financial experts on the community impact of the current mortgage crisis and early prevention.
WOSU Public Affairs Director Mike Thompson moderates. Panelists include Denise Gastesi, Foreclosure Intervention Specialist, Franklin County Treasurer’s Office; Jung Kim, Community Research Partners; and Linda Cook, Statewide Legal Services Foreclosure Project Manager, Ohio Poverty Law Center.
Duration : 0:56:48
http://foreclosureslayer.com
Many homeowners doing a short sale wonder about what will happen with the difference between what the home sells for and what was owed on the mortgage.
First of all, with a foreclosure the bank will not be able to come after that debt on the first mortgage. With a short sale, they can come after that money UNLESS there is an agreement with the bank that they will not come after the deficiency.
We require that all bank acceptance letters waive the right to deficiency. If you’d like more information, please give us a call or fill out the form on our website.
Duration : 0:2:9
A family of five will likely be calling a Monroeville motel their home for the holidays after an alleged mortgage scam caused them to lose their house to foreclosure.
Duration : 0:2:49
http://www.kw.com NOVEMBER Hello and welcome to This Month in Real Estate. I’m JAY PAPASAN.
Our top story: what kinds of homes are first time homebuyers looking for? We’ll have the answer in a moment.
But first, the numbers.
[NUMBERS]
And now, our top story. According to a recent report from KW research …
• Over half of all first time home buyers stayed in the same area where they were renting
• More than three quarters of all first time home buyers purchased a single family detached home
• Most first time home buyers purchased a three bedroom and two bath home
For tips on buying right the first time, we turn to News You Can Use …
NEWS YOU CAN USE
When it comes to the decision between buying or renting, some renters think they simply can’t afford a mortgage. The reality is if you’re renting, you are already paying a mortgage — it just happens to be your landlord’s, not your own.
Here are three secrets of homeownership that your landlord doesn’t want you to know …
Number 1: Equity. You can build wealth through equity. Think of equity as a long-term savings account. Every month you pay your mortgage, a portion of that mortgage goes into that account.
Number 2: Appreciation. You can build even more equity though appreciation. Think of appreciation as the interest your home earns over time.
Number 3: Control. A home that’s yours means you won’t need your landlord’s permission to paint, renovate and make it a home of your own.
If you’re ready to stop paying your landlord’s mortgage and start building your own wealth, talk to your real estate professional.
MAIN
That’s all for This Month in Real Estate. Thank you for joining us.
Duration : 0:2:15
Just a few short years ago, homebuyers were qualifying for all kinds of mortgages to get them into a house. Once foreclosures began to increase and the official housing market collapse occurred, regulators came in and made sweeping changes to how mortgage loans are made.
Julie Jalowiec from The HomeOwnership Center explains these changes and what borrowers can expect when applying for a mortgage and preparing for their first home purchase.
Bringing You Home is a 12-part series on CNY Open House, brought to you by UNHS NeighborWorks® HomeOwnership Center and sponsored by Adirondack Bank. Content courtesy of SJTV LLC dba CNY’s Open House. For more information visit, http://www.cnyopenhouse.com
Duration : 0:3:59
After repeated attempts to negotiate with her bank, Wendy Holbert was preparing for the worst — a foreclosure. Wendy had been in her home for 17 years, making all the payments until she had an unexpected loss of income. Like many in her situation, she had no idea where to turn. Thankfully, she received a letter from US Loan Auditors.
After hearing about other companies that have been preying on homeowners such as herself, she was reluctant to give us a call. Instead, Wendy got busy doing research on US Loan Auditors. After researching our company she realized that we were a legitimate solution and the best option for what she needed.
Within a short amount of time our intensive Forensic Loan Audit revealed several instances of potential mortgage fraud. Wendy was excited about transitioning to My US Legal Services where they would pursue a lawsuit against the bank. The lawsuit has made it possible for her to stay in her property.
Wendy would like to encourage other homeowners not to walk away from their family home, to learn their rights and STOP the banks from getting away with their predatory lending tactics.
Duration : 0:3:10
The importance of a home may be felt more strongly during the holiday season, and those who fear losing their homes may be in danger of depression according to psychiatrist James A. Margolis.
Duration : 0:2:33
The mortgage loan process can be stressful even for experienced buyers. Get tips for the mortgage loan process with help from a licensed Realtor in this free video clip.
Expert: Tony Anderson
Contact: www.tonyandersonrealtor.com/
Bio: Tony Anderson started his real estate career as an investor/flipper. He currently assists buyers in the bank-owned, foreclosure rich market.
Filmmaker: Christopher Rokosz
Series Description: Selling, renting or insuring a piece of property is only as complicated and stressful as you make it. Get real estate tips with help from a licensed Realtor in this free video series.
Duration : 0:2:19
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Duration : 0:2:0
Plenty of companies are eager to exploit the uncertain economy and housing market by trying to separate property owners from their money, consumer columnist David Lazarus says. Here’s what to watch out for: http://lat.ms/vyed8L
Duration : 0:1:27