Buyers
Septic Systems in Kentucky and Indiana
Septic Systems. When buying or selling a home in Kentucky or Indiana in a neighborhood with septic tanks, make sure you inquire whether there are plans by the local municipality to convert to a public sewer system, because this could result in substantial future cost to the buyer when that occurs. If you are seller
New Protections from Lenders for Buyers, Home Owners and Sellers
Because of new rules just published by the Consumer Financial Protection Bureau (“CFPB”), homeowners, after years of abuse from their lenders’ mortgage servicing companies, will now find they’re not being steamrolled into penury. The new rules deliver a black eye to the well heeled mortgage industry and deal with 9 nine major topics: periodic billing statements, interest-rate adjustment
Short Sale: Should You Shut Off Your Utilities When You Vacate Your House?
Selling Foreclosure Threatened Home by Short Sale. Often when Sellers are selling their house in Louisville Kentucky or Southern Indiana, they ask us whether we think its a good idea for them to move out immediately or stay in the house during the listing and sale period, until closing. Those that chose to move out
How Dangerous Is It If I Lose My Closing Statement? Unreleased Mortgages.
Unreleased Mortgage Discovered. Two days before the scheduled closing of a New Albany Indiana short sale we'd been working on for 3 months, a new title search was run and a previously undiscovered unreleased mortgage was discovered. Seller swore it had been paid off, but when he looked for his closing statement from that refi,
Breaking News: Gigantic Pot Of New Cash To Help (1) Homeowners Facing Foreclosure (2) Buyers of Foreclosed Homes
Get That Cash! As part of the National Mortgage Foreclosure Settlement, Mayor Greg Fischer and Kentucky Attorney General Jack Conway jointly announced on July 30, 2012 that $3.2 million of the $19.2 million Kentucky received as part of the National Mortgage Settlement will be used to help rid Louisville of vacant and abandoned properties in targeted
Fire Your Land Lord – New Down Payment Money Available For Buyers!
NEW MONEY AVAILABLE FOR DOWN PAYMENT ASSISTANCE As we reported in an earlier blog, Kentucky Housing Corporation (KHC) received $3,000,000 from the National Mortgage Foreclosure Settlement Fund to offer a new mortgage program for down payment and closing cost assistance (DAP). This program is only available untiul these funds are gone. The terms being offered
Louisville Market Shrinking – Good News For Sellers – Not Yet Too Late For Buyers
Past Market Trend. Back in April I wrote that there were 3 data pieces which, read together, indicate strongly that as of April 9, 2012, the Louisville housing market is improving for sellers: 1. The median list price is trending strongly upward 2. The asking price per square foot is trending strongly upward 3. The average
“Non Conforming Square Feet” – What does That Mean? Why Should I care?
Q: What does ''non conforming square feet'' in a real estate description mean? A: The Greater Louisville Association of Realtors, and many other associations throughout the US, use the American National Standards Institute (ANSI) rules to determine sq ft. Until we adopted that standard, there were many ''customary'' rules but none definite. Now we have
Latest Housing Trends and Market Statistics for Louisville, Kentucky 4-9-2012
The Issue: You can find many sources to give you an estimate on the price of your home or some one else's. While this is important information, it may not be enough to help you decide whether you should sell or buy now or wait awhile, because a price estimate can't answer the question "What's
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