Get Paid to Sell the Home You Can’t Afford!

When the housing market crashed in 2008, millions of homeowners suddenly found themselves in danger of losing their homes to foreclosure. To help these homeowners, in 2009 the U.S. Treasury launched the Making Home Affordable (MHA) program, which is comprised of several subprograms designed to help distressed homeowners avoid foreclosure.

 One of the most talked about elements of the MHA program is the Home Affordable Foreclosure Alternatives program, or HAFA. The HAFA program creates options for homeowners who owe more on their mortgage than the property is worth and don’t know what to do. Even better, it allows relocation assistance of $3,000 to be paid to eligible homeowners in this situation.

HAFA also helps the process go more quickly by mandating that banks keep in contact and make decisions in a timely fashion. To learn more, you can download my free report entitled “Struggling to Make Your Mortgage? Uncle Sam May Pay You to Sell Your House!” by clicking on the link below:

HAFA Choices and Eligibility

As a real estate professional with the Certified Distressed Property Expert (CDPE) designation, I offer all of my clients the benefit of the best expertise and insights when it comes to foreclosure avoidance.

Central Ohio Housing Report - June 2012

Central Ohio Housing Report - June 2012

Posted: 7/19/2012

Columbus Board of REALTORS®

Central Ohio inventory back to pre-boom levels

Inventory levels in central Ohio have been declining over the past year and now stand at just over 12,000 - almost 33 percent less than one year ago and 40 percent less than July 2007, the highest month on record according to the Columbus Board of REALTORS®.
There were 3,344 residential homes listed for sale in June 2012, 6.8 percent fewer than were listed during the same month last year. Total residential inventory in central Ohio is 12,053, the lowest since 2003.
“Inventory levels rose steadily during the housing boom and rose even more quickly in the boom’s aftermath,” said Jim Coridan, president of the Columbus Board of REALTORS®. “The significant increase in homes for sale and lack of same for buyers transformed central Ohio into a buyers’ market. But with the steady decrease in inventory over the last two years, and increased buyer interest, we’re back to more balanced market levels.” ............

read the rest here:  Housing Report June 2012

Short Sale success story where client's credit score went up!

Current LOCAL foreclosure data for 2012 for Columbus, OHIO

Click the link to get the report seen below.  It is interactive and very helpful.

Current LOCAL foreclosure data for 2012

What is HAFA and how can The Lambright Team help you get it?

Contact The Lambright Team to see how we can help you get qualified for HAFA through our CDPE designation status.

Call, text or email us today at:

614-804-2100 or info@LambrightTeam.com

If you know someone who might need our help, send us their name and number!

Short Sale with seller debt totally forgiven and buyer great savings

Very Well Written White Paper on Bank Short Sales and our Government

Well written white paper (25 pages easy-read) on Bank Short Sales and why they are so hard to get approved--this is why you need a RE professional with a proven track record on them!! Pitfalls abound everywhere in the process--if you are an agent and are doing only a couple per year, just send them to us for a referral fee. Only 24% of short sales will make it to the closing table. We have benn doing over 3 times that percentage for several years now.


http://www.newredefinedagent.com/report4.html
 
If you have questions contact us at:  info@LambrightTeam.com
 

Economy not only reason properties linger in listings

The Columbus Dispatch interviews some people who have been on the market for years. My heart goes out to them, but head wants to scream at them, "Do you understand the definition of 'insanity'?" Check out the article: Economy not only reason properties linger in listings The Lambright Team (TLT) has the knowledge and the connections to help sell your home no matter how much you owe. We can stop the bleeding. Get real people! Real Estate is NOT coming back for several years. If you want to move on with your life, take some action. Because we all know that LIFE is SHORT..... We have options for you!!

NEW RECORD FOR SHORT SALES--38 DAYS COMPLETE FORGIVENESS NO CREDIT DAMAGE

Create your own video slideshow at animoto.com.

Powell Ohio Home priced $30k below value

Powell Ohio Home priced $30k below value

Mortgage market likely headed for major change

Fixed 30-year mortgage rates in the 5 percent range? Minimum down payments below 5 percent? Jumbo loans in high-cost markets at regular interest rates?


They won’t be around for long.

Click here to read the story in the Columbus Dispatch

Important News Concerning the US Gov't Deleting Mortgages for the Middle Class

If you or someone you know is considering buying a home in the next several years, you need to see this video.



#1  Rates are at an all-time low
#2  Prices are crazy low on homes
#3  Low down payment programs DO exist today
#4  Prices are going up very soon
#5  US Government is probably going to do away with programs to help the middle class buy homes

hmmmmmmm???  Is it time to buy NOW??

Call us to discuss at 614-804-2100 or email info@LambrightTeam.com 

'Shadow' real estate inventory may take 4 years to clear

'Shadow' real estate inventory may take 4 years to clear

REALTOR® Magazine-Daily News-10 Cities Where Home Prices Will Rise in 2011

See what I mean???

Columbus is #5

REALTOR® Magazine-Daily News-10 Cities Where Home Prices Will Rise in 2011

When will home prices recover?


Property values continue to drift down. But analysts say relief could come by year's end.

See what the 'experts' are saying on MSN Real Estate on the NATIONAL level and remember that Real Estate is SOLD on the LOCAL level.  (PSSST Central Ohio is not as bad off as the rest of the country--hint, hint)

When are home prices going up?


Call us for a comprehensive analysis of YOUR LOCAL market.  It is different for EVERY single subdivision or area in Central Ohio---sometimes it is different on different STREETS!!

Steve Forbes and Nouriel Roubini think that 40% of mortgages are underwater

UNDERWATER MORTGAGES??

THESE GUYS THINK SO......AND THEY ARE SMARTER THAN US!  :-)

"Well, in the case of residential real estate, I would say prices and quantities have fallen so much from the peak, that probably they are close to the bottom. But the trouble is that you have millions of houses that are deeply underwater. 12 million of them already underwater today. And about another 8 million have a mortgage with a loan to value ratio between 95 to 100%.
That means that the 5% correction in national home price--something that I expect--is going to put another 8 million houses underwater. That means 20 million out of the 50 that have a mortgage, or 40% of houses with a mortgage, are going to be underwater."

Read the rest of the article here:

http://www.forbes.com/2011/01/21/nouriel-roubini-doctor-doom-housing-transcript-intelligent-investing_3.html

Board of Revisions--why it is imperative you listen to this

DEADLINE ALERT!! ALERT!! ALERT!!

WANNA SAVE MONEY ON YOUR PROPERTY TAXES??

I THOUGHT SO........WATCH THE VIDEO AND LISTEN CAREFULLY

Did you miss the boat?

Have home sales hit bottom??????

Central Ohio homes sold for an average, $158,893 last year, the lowest since 2001 but only slightly behind 2009's prices.

Central Ohio figures dropped below 20,000 last year, the first time in a decade.

Central Ohio home sales fell for the fifth straight year in 2010, as potential buyers continued to sit on the sidelines.

Last year, 19,676 homes were sold in the Columbus area, 2.8 percent fewer than the previous year, according to the Columbus Board of Realtors. It was the first time in a decade that annual sales dropped below 20,000.

Here is a copy of the article from the Columbus Dispatch

http://www.dispatch.com/live/content/business/index.html

I don't think you have missed the boat, but the bottom is either here or VERY near.

THE PROBLEM WITH KNOWING WHEN THE BOTTOM OF THE REAL ESTATE MARKET HITS IS THAT IT IS ALREADY ON THE WAY UP WHEN YOU REALIZE IT.

By definition, you cannot determine the bottom of the market without 6 months to a year worth of data that shows an upward trend.  By then, it is TOO LATE.  YOU MISSED IT!!

Take my advice and get in NOW!!  Rates are going up this year by a full point on top of increasing prices.  If you are going to buy anytime in the next 5-10 years, you better do it in 2011.  You have been officially warned.

Homeowners who are 'underwater' still dropping

Tuesday, December 14, 2010 02:51 AM
By Alistair Barr

MARKETWATCH
SAN FRANCISCO -- The number of U.S. homes with negative equity shrank in the third quarter, but price declines might threaten this improvement, the real-estate data company CoreLogic Inc. said yesterday.

CoreLogic reported that 10.8million properties, or 22.5 percent of all residences with mortgages, were in negative equity at the end of the third quarter, down slightly from 11million, or 23 percent, in the second quarter.

Check out the rest of the story here:


Homeowners who are 'underwater' still dropping

October 2010 stats from Columbus Board of Realtors

The housing market in central Ohio, which rebounded nicely when the federal tax credits were offered in 2009 and early 2010, today is looking like “more of the same.”

According to the Columbus Board of REALTORS® (CBR), the number of homes sold and the average price of homes sold from January though October 2010 are nearly identical to the statistics from 2009.

The number of homes sold from January through October was 16,891 – almost identical to the 16,932 homes sold in the same period of 2009. Average sale price so far this year is $160,671 compared to $161,623 last year.

Home sales are likely to grow in 2011, but not too quickly. According to the New York Federal Reserve Bank, household finances are improving, and major purchases will increase as well.