High Court Makes it Easier for Borrowers to Walk Away from Underwater Homes

On Tuesday, the U.S. Supreme Court ruled that borrowers looking to rescind their mortgages simply need to notify creditors in writing of their intention to rescind within three years under a key fair housing law. This ruling could possibly make it much easier for borrowers to walk away from their underwater homes...http://www.realestateresource.tv

Foreclosure vs. Short Sale in Ohio!

First and foremost, let’s define what each action is and does:
Foreclosure: Definition
This is a situation in which a homeowner is unable to make full payments on his/her mortgage. This allows the lender to seize the property and evict the residents. Borrowers who miss a payment are given a grace period to pay it back. If it is not paid by the end of the grace period, the lender can seize the home, ending your all contracts...http://www.realestateresource.tv

Foreclosure Versus Deed in Lieu of Foreclosure in Ohio!

Are you having trouble making your mortgage payments? If so, it's important to know that you are not alone. There are many Ohio residents in your situation and fortunately there are options for you. This articles aims to give you a clearer understanding about foreclosure in Ohio as well as compare it to the Deed in Lieu of Foreclosure option available throughout the state...http://www.realestateresource.tv

Lake County Ohio Septic System Inspection Requirements!

The evaluation of a home sewage disposal system Is not required by law in Lake County when a home is sold, but is performed on a request basis. The requester can hire private firms that are acceptable to the mortgage lender to make such evaluations.
In order for the Lake County General Health District to perform an Inspection, the property needs to adhere to the following. The Home needs to be occupied 90 days prior to Inspection. The Septic System cannot be pumped 30 days prior to inspection. Snow cannot exceed 2 inches or greater and if grass and brush exceeds 12 inches or more the Inspection cannot take place...http://www.realestateresource.tv

What is the Difference Between a Deed in Lieu of Foreclosure and a Short Sale?

One of the worst feelings for a homeowner is the one they get when they struggle to make their mortgage payments. The idea of foreclosure can be stressful to think about. Thankfully homeowners have options other than foreclosure. Two such options are a deed in lieu of foreclosure and a short sale...http://www.realestateresource.tv

What Is A Gross Lease And Net Lease?

The difference between a gross lease and a net lease are as follows. A gross lease is a lease where the tenant pays for the monthly rent and the landlord pays...http://www.realestateresource.tv