Homeowners Foreclose on Bank of America

Fannie Mae loan limits remain the same for 2012

Foreclosure fears foster true grief

Reports of foreclosures by the millions have been in the news so much over the past few years that to some, it might seem like the new normal. 

But as a real estate professional who is in the trenches with financially stressed homeowners every day, it never for a second feels to me like business-as-usual.

The prospect of losing ones home is right up there among the major sources of grief, and often, it goes hand in hand with other tragic setbacks such as the loss of a job, a divorce, death of a loved one, mounting medical bills or skyrocketing mortgage payments.

Unfortunately, the first stage of grief is denial, and that’s even more the case when the threat of foreclosure is looming. No one wants to talk about or admit financial troubles—even when millions of others have founds themselves in a similar spot.  It’s completely understandable, but for homeowners who are behind on mortgage payments, decisive action is often the most critical step toward ensuring the best possible solution.

As a real estate professional who has sought out the Certified Distressed Property Expert (CDPE) designation, I help homeowners to deal with every aspect of the grief and uncertainty that accompanies a mortgage which is no longer manageable. In the process, I help them to get on a path of financial solvency.

If you or someone you care about would like to change the course of a life that’s facing foreclosure, I get it and I can help.


Contact me today at 513.706.7741 or rschmitt@remax.net

Great Fixer Upper!!!

Great starter home in need of some repairs.  Take advantage of this pre-approved short sale to get a fantastic deal and still close in a short time.  

• 3 bedrooms
• attached garage
• deck
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2011 Real Estate Broker Satisfaction

I have extremely exciting news to share with you!

J.D. Power and Associates announced today that RE/MAX ranks highest in customer satisfaction, for both buyers and sellers, in its 2011 residential real estate survey.

That's right – we've earned the highest level of appreciation from BOTH groups of consumers, which is a remarkable statement about the Outstanding Agents in our organization.

Single family home with RENTAL income!!

This 3 bedroom home includes a 1 bedroom apartment above the oversized 2 car garage.  Rental income is $400.00/month and will help with your mortgage payments.  

New Listing in Clifton...walking distance to UC!

Home Sales Are Up

Local home sales in February – for the second consecutive month – improved over a year ago. Sales last month totaled 963 compared to 945 in February from a year ago, for a 1.9% improvement.

In addition, the February 2011 sales figure is 7.6% ahead of January sales (963 vs.895)

Year-to-date home sales (counting January and February) are up 2.82% over the similar 2-month period a year ago (1,858 vs. 1,807).

The Cincinnati-area housing market, with a gain in sales, was one of the top metro areas in the state last month. The Cleveland/Akron, Columbus and Toledo markets saw a decrease in sales.

“Real estate is always a local issue, and the fact that Cincinnati posted gains for the month shows the relative health of our region,” said Pete Kopf, president of the Cincinnati Area Board of Realtors.

 The three primary reasons why sales, in general, are on the upswing:

1) Buyers’ concerns that if home mortgage rates increase later in 2011, it is smarter to lock in attractive rates now instead of waiting for higher costs as the year progresses. A 30-year fixed rate loan slipped to 4.85% last week, but that isn’t expected to last through the summer.

2) Rent increases currently going on are making renters realize the tax benefits they could receive with home ownership compared to no tax benefits in renting. [Mortgage interest costs and property taxes are deductible on federal income tax returns for home owners.]

3) There currently is an ample inventory of homes to choose from, which offers attractive buying opportunities at all price levels.

Nationwide, February home sales were down 9.6% from January on a seasonally adjusted basis, and down 2.8% from February 2010.

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