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Selling A House In A Short Sale To Avoid Foreclosure

February 21, 2013 by Eric Lowry Leave a Comment

Selling A House In A Short Sale To Avoid Foreclosure

Stop Foreclosure Selling A Home In A Short Sale

Selling a house or condo in a short sale may be the best option for avoiding a foreclosure.  If you have fallen behind on your mortgage payments due to a reduction in your income, a job layoff, medical reasons or other financial obstacles you may want to consider a short sale instead of just letting your home go into foreclosure.

What is a short sale?  A short sale is entered into when a homeowner facing financial distress lists their home with a real estate agent experienced in doing short sales.  When an offer to purchase the home is submitted by a potential buyer the contract is made contingent upon the approval of the mortgage holder or holders accepting a payoff which will not payoff the entire balance owed on the mortgage or mortgages.  The term short sale comes from the concept that the lender will accept a short payoff to allow the sale to proceed rather than continue with the foreclosure process which may cost the lender tens of thousands of dollars.

There is no cost to the homeowner to do a short sale.  The bank pays all of the fees associated with selling the home.  A short sale is not a typical real estate transaction, it has more details and obstacles to navigate.  It is critical that only an experienced short sale real estate agent handle this transaction.  Foreclosure is a stressful process, don’t go through it alone.

Wondering if a short sale is right for you?  Contact Eric Lowry confidentially to learn more and get started!

We can assist you with selling a house or condo in a short sale to avoid foreclosure of your home in West Chester, Beckett Ridge, Liberty Township, Mason, Fairfield, Monroe and Fairfield Township, Ohio

Filed Under: Avoiding Foreclosure, Eric Lowry's Articles, Short Sale / Foreclosure Tagged With: Eric Lowry, Fairfield Ohio Short Sale, Keller Williams Realty, Liberty Township Ohio Short Sale, Selling A House In A Short Sale To Avoid Foreclosure, Short Sale Properties in Mason Ohio, Short Sale Real Estate Agent, West Chester Ohio Short Sales

Search West Chester Ohio Homes For Sale and Real Estate

April 1, 2012 by Eric Lowry Leave a Comment

Welcome to the West Chester, Liberty Township & Mason Ohio homes and real estate portal: your single stop for finding West Chester Ohio Homes For Sale .

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Sign Up Today! West Chester Ohio Homes for Sale

Welcome to the West Chester Ohio homes for sale and real estate portal: your single stop for finding a home in West Chester Ohio. Here you can search every available home for sale in West Chester Ohio.
As of today there are many homes and properties for sale that are available to search. The number of homes changes daily, so be sure to keep coming back right here, to the best site for West Chester Ohio homes for sale.

Filed Under: Beckett Ridge Homes For Sale, Fairfield Township Homes For Sale, Liberty Township Ohio Homes For Sale, West Chester Ohio Homes For Sale Tagged With: Cincinnati, Eric Lowry, Fairfield Township, Keller Williams Realty, Liberty Township Ohio Homes For Sale, Liberty Township Ohio Short Sale, LowryTeam.com, Mason Ohio Homes For Sale, Ohio, Search Homes For Sale, Search The MLS, Searching For A New Home, VIPHomeFinder.com, West Chester Homes For Sale, West Chester Ohio Real Estate, West Chester Ohio Short Sales

Liberty Township Ohio Homes For Sale

December 14, 2011 by Eric Lowry Leave a Comment

Liberty Township Ohio Homes For Sale

Welcome to the Liberty Township Ohio homes for sale and real estate search engine, your single resource for finding a home in Liberty Township Ohio.  With our real estate search engine you can search every available home for sale in Liberty Township.  Some of the subdivisions that are located in Liberty Township include Four Bridges subdivision, The Trails Of Four Bridges, Welbourne Manor subdivision, Welbourne Farms subdivision, Cherokee Estates subdivision, Logsdons Ridge subdivision, Wynds of Liberty subdivision and many, many more.

At any given time there are many homes and some condos listed for sale in Liberty Township OH that are available for your online real estate search.  New listings and price changes are updated to our site every day, so be sure to check back  to see the latest listings for sale in Liberty Township Ohio.

Liberty Township Ohio Real Estate & Homes For Sale

Liberty Township Ohio Single Family Homes For Sale

Liberty Township Ohio Condos & Townhomes For Sale

Liberty Township Ohio Luxury Homes For Sale

In addition to being able to view all of the homes listed for sale in Liberty Township Ohio you can also access detailed information on the Liberty Township OH community, information on the Lakota school system and comprehensive information on home values and pricing trends for Liberty Township Ohio real estate.

The Lowry Team - Keller Williams Realty

Buy a home in Liberty Township Ohio with confidence.  We know your home purchase is a big decision and that’s why we specialize in the Northern suburbs of Cincinnati like Liberty Township.  We know these neighborhoods, where the schools are, how close the grocery stores and the daycare’s are.  

Have a questions about the Liberty Township area?  Ready to go see some homes?  Contact us right now using the form below and we will respond back to you as quickly as we can!

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    Filed Under: Liberty Township Ohio Homes For Sale, Liberty Twp Community Info Tagged With: Cincinnati, Eric Lowry, Keller Williams Realty, Liberty Township Housing Statistics, Liberty Township Luxury Homes, Liberty Township Ohio Homes For Sale, Liberty Township Ohio Short Sale, Liberty Township Real Estate, Liberty Twp Community Info, LowryTeam.com, Ohio, Relocating To Liberty Township, Search Homes For Sale, Search The MLS, VIPHomeFinder.com

    West Chester & Liberty Township OH Real Estate: Tuesday Open House – April 5th, 2011

    April 5, 2011 by Eric Lowry Leave a Comment

    Search Homes For Sale In West Chester OhioIt’s Tuesday, so this must be the Tuesday Open House.

    What is Tuesday Open House?? Well, it’s clearly not an “open house”. Open Houses don’t sell homes… good internet marketing does… but it seemed like a good title for this weekly blog post.

    It is my way of throwing the doors open on the RealEstate-Ink.com blog and offering up a few quick articles and facts on real estate for the West Chester, Liberty Township, Beckett Ridge, Mason and Fairfield Township, Ohio areas. It is not intended to be all about homes for sale, but it will be about that some of the time…

    Preparing your home for sale

     

    Need Mulch? If you are preparing your home to get it on the market for sale soon,  don’t forget the curb appeal. As the old saying goes… you only get one chance to make a good first impression. So clean up the landscaping and get yourself some fresh mulch. I’m not sure that there is a better way to go than to get it from the boy scouts. They even deliver! You can just go directly to the boy scouts site right here. My mulch is being delivered in just a couple of weeks…anyone like to help??

    Search Bank Owned Homes & Short Sale Properties

     

    Searching For Bank Owned or Short Sale Homes For Sale?  You can search for bank owned homes for sale as well as short properties using our real estate search tool:  LowryTeam.com You can create your own search criteria, save your searches, get alerts of newly listed homes for sale and much more!

    Beckett Ridge Ohio Real Estate

     

    Beckett Ridge Community Garage Sale:  The Beckett Ridge community garage sale is scheduled for Saturday, May 14th, 2011 from 8:00am – 4:00pm.  The Beckett Ridge Homeowners Association will run ads in the local newspapers.  You can find more information regarding the Beckett Ridge garage sale and the homeowners association on the Beckett Ridge Homeowners Association website: http://www.beckett-ridge.org/

    Lowry Team Real Estate on FacebookOur facebook fan page of the week is: West Chester Township It is a brand new page on Facebook for West Chester Township!  You can find information on events and news going on in our township.  As of this writing their page very few friends, so I ask that you visit their fan page, become a fan and invite your facebook friends to do the same.

    While you are on facebook checking out West Chester Township, please visit and become a fan of our facebook page: www.Facebook.com/LowryTeamRealEstate

    What is my home worth? Want to get a good idea of what your home is worth… Get your own Personal Real Estate Market Update

    Searching for homes for sale?  Search all of the homes for sale in West Chester, Beckett Ridge, Liberty Township, Mason or Monroe Ohio… Search The MLS

     

    Filed Under: Eric Lowry's Articles, Just For Fun, Real Estate Information, Real Estate News, Short Sale / Foreclosure, West Chester Community Info Tagged With: Bank Owned Homes, Beckett Ridge Real Estate, Buying Short Sales, Cincinnati, Eric Lowry, Keller Williams Realty, Liberty Township Ohio Short Sale, Liberty Township Real Estate, LowryTeam.com, Ohio, preparing your home for sale, Preparing Your Home For The Market, Search Homes For Sale, Search The MLS, Top Real Estate Agent, Top Selling Realtor, Tuesday Open House, VIPHomeFinder.com, West Chester Ohio Short Sales, West Chester Real Estate

    West Chester & Liberty Township OH Real Estate: Avoid Foreclosure – You Have Options!

    October 12, 2010 by Eric Lowry Leave a Comment

    Today, nearly 1 out of every 6 homeowners in America is behind on mortgage payments. The last thing a homeowner wants to face is the possibility of foreclosure, but troubles with finances can happen suddenly and without warning, leaving a homeowner desperate. But foreclosure can be avoided, credit can be saved, and financial futures can be salvaged. First, identify the options.

    There are a number of alternatives homeowners can consider. An experienced professional can steer you in the proper direction, so you can find your financial solution quickly and handle any mortgage and loan issues with care. Here are just a few suggestions how one can avoid foreclosure:

    Modification – A mortgage modification involves the reduction of one of the following: the interest rate on the loan, the principal balance of the loan the term of the loan or all or any of the above. This typically results in a lower payment to the homeowner and a more affordable mortgage. With the modification plan, delinquent interest, taxes, and /or insurance payments are added to your unpaid balance on your mortgage. Homeowners who qualify for this program may be able to extend repayment of their past due bills over the remaining term of the loan.

    Government Loans & Assistance Programs – Homeowners who can make the monthly payments on the mortgage may qualify for special government loans that create a second lien on their property for the unpaid amount. This money is then made payable to the US Government.

    Pre-Foreclosure Sale – Foreclosure can wreak havoc on your credit rating. If you are in danger of losing your home and are unable to make payments, you have the option of selling before any marks can be made against your credit.

     Short-Sale – While this may be the best solution for some, it is important to understand that there are 3 “must-have” criteria to qualify:

    1.    Financial Hardship – a verifiable issue that has or will cause you to miss payments or have financial difficulties

    2.    Monthly Shortfall – When your total Monthly Income minus your Total Monthly Expense = Negative amount

    3.    Insolvency – You must not have the means to pay down your mortgage.

    You do not however have to be completely broke–this is a common misconception, the lender will want to see that over time you will not be able to pay your mortgage obligation. Having money in the bank for living expenses is common and will not disqualify you.

    Temporary Forbearance

    Another less common way to avoid a home foreclosure is to get a temporary forbearance on your mortgage, which means that you repay the back amount that you owe on your loan over a certain amount of time. This is good if you can afford to make your monthly payments, but had a crisis which forced you to miss a payment. When you choose to do a temporary forbearance to avoid a home foreclosure, you should know that your payments will usually increase slightly, but you will be able to get back on track with your lender and resume making your regular payments when you have repaid the back amount.

    Different homeowners will qualify for different options to avoid foreclosure. Seeking the advice of a professional is a good step in preserving your property and your credit rating.

    In my over-12-years in the real estate industry, I have witnessed many clients and friends lose their homes through foreclosure. That is why I specifically designed a department of this company to help other people avoid the foreclosure nightmares that I’ve witnessed. We know that good people sometimes have a few bad breaks.

    No matter what, the worst option is to…
    Do Nothing – Absolutely the worst.

    Take action Now!

    Call or email us, we can help.

    Wondering what your home is worth in today’s real estate market? Request a market analysis here!

    Visit My YouTube channel at: www.youtube.com/LowryTeam

    Filed Under: Avoiding Foreclosure, Eric Lowry's Articles, Financing Options, Real Estate Information, Real Estate News, Short Sale / Foreclosure Tagged With: Avoiding Foreclosure, Beckett Ridge Realtor, CDPE, Certified Distressed Property Expert, Cincinnati, Eric Lowry, Eric's Hassle Free Listing, Keller Williams Realty, Liberty Township Ohio Short Sale, Liberty Township Real Estate, LowryTeam.com, Ohio, Short Sale, Top Real Estate Agent, Top Selling Realtor, West Chester Ohio Short Sales, West Chester Real Estate

    West Chester & Liberty Township OH Real Estate: This Month In Real Estate – June 2010

    June 13, 2010 by Eric Lowry Leave a Comment

    This Month In Real Estate – June 2010, Courtesy of LowryTeam.com and Keller Williams Realty Associate Partners

     

    Click Here To Search The Entire Cincinnati MLS Database Of Homes For Sale! Wondering what your home is worth in today’s real estate market? Request a market analysis here!

    Check Out My Feature Homes For Sale In West Chester, Fairfield and Liberty Township, Ohio

    Filed Under: Buyers, Eric Lowry's Articles, Financing, Market Update, Real Estate Information, Real Estate News, Short Sale / Foreclosure, This Month In Real Estate Tagged With: Beckett Ridge, Cincinnati, Eric Lowry, Eric's Hassle Free Listing, Homes For Sale, Housing Market, Keller Williams Realty, Liberty Township Ohio Short Sale, Liberty Township Real Estate, LowryTeam.com, Ohio, Real Estate News, This Month In Real Estate, West Chester Ohio Real Estate, West Chester Ohio Short Sales

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