Tim Bradford - AMMCorp.net

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Solon Bank Owned Properties

Thank you Dan and Amy for posting this list of Bank Owned Properties.   Any first Time Home Buyers should look at some of these homes, because they can take advantage of the $8,000 Stimulus Tax Credit and also the State of Ohio Mortgage Credit Certificates program that on a $116,000 loan could offer the buyer an Additional $36,000 in Tax Credits.    See http://www.firsttimebuyers-mortgages.com/OHFAMCCTaxCalculator.php?Linked=Schuman  for a calculator that computes the total tax credits. 

Via Dan and Amy Schuman,e-Pro,ASP (Keller Williams Realty Greater Cleveland):

BANK OWNED HOMES

Much has been written about the rising number of foreclosures around the nation and especially in the Cleveland real estate market. While there are a ton of foreclosed homes located within the City of Cleveland, the local suburbs certainly all have their fair share of bank owned homes as well.

Here is a partial list of all bank owned homes in Solon. *Indicates pre-foreclosure or estate sale. Current list price is given along with the most recent sales history, if available:

 

 ADDRESS                          LIST PRICE                PRIOR SALE

 

6922 Elmwood

  $62,500

 

35645 Aurora Rd

  $82,800

 

38420 Aurora Rd

$102,500

$167,900 March '05

35675 Pettibone Road*

$129,900

 

5275 Brainard

$140,000

$350,000 May '05

5696 SOM Center Road

$159,900

$176,000 March '07

6644 Forest Glen

$169,900

 

6280 Sunnywood Drive

$180,000

$250,000 Nov '03

34011 Summerset

$250,000

$265,000 July '02

7381 Vahalla Drive

$475,000

$800,000 Feb '05

7403 Capilano Drive

$525,000

$699,999 March '06

38480 Flanders*

$625,000

$765,000 April '07

39755 Lochmoor

$729,000

$975,000 Aug '06

While many bank owned homes in Solon have sold in recent months, there are still great bargains to be had for a few special buyers, including homes located in Solon area luxury home communities such as Signature of Solon and Thornbury.

For a complete list of bank owned homes in Solon or surrounding areas, please contact us and we will be happy to email you. 

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If you are looking to buy or sell a home in Beachwood, Moreland Hills, Orange, Pepper Pike, Solon or the surrounding Eastern suburbs, please contact us as we would be happy to show you why people love working with the Schuman Team.

Dan and Amy Schuman are Solon residents. We use our home staging expertise to sell listings quicker and for more money. The average home in the Cleveland area sold in over 100 days in 2008 and our listings sold in less than 60 days. The Schuman Team specializes in luxury homes and are members of the Luxury Home Consultants of Keller Williams Realty Greater Cleveland and of the prestigious Institute for Luxury Home Marketing, the premier independent authority in training and certification for real estate agents working in the luxury home market. We also work extensively with buyers and sellers who are relocating in or out of the area.

To see all homes currently on the market in the Cleveland area, click here. For a personal consultation or to speak directly to The Schuman Team, call 216-346-3235.

 

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0 comments • Tim Bradford • February 26 2009 07:25PM

City of Parma - Down Payment Assistance Program Starts March 2, 2009

 The City of Parma has participated in a Down Payment Assistance Program for a Number of years and is coming out with their 2009 program effective March 2, 2009. 

The Citiy of Parma's program allows for 10% of the Sales price up to $10,000 as a grant that can be used as the down payment on the purchase of a home in Parma, Ohio.   The grant/Loan is forgivable over a Five year period.  There are a number of different rules that must me followed to qualify for the Grant/Loan, so please call me or Parma's Community Development department prior to submitting any offer for the purchase of a home.  Below you will find the income limitation for this program.   

2008 Income Guidelines
Members of Household Maximum Household Income
1 $34,800
2

$39,750
3 $44,750
4 $49,700
5 $53,700
6 $57,650
7 $61,650
8 $65,600

Programs similar to this are available in almost every community in Cuyahoga County.   Give me a call if you want to know the specifics of this program or any of the other Programs that are available. 

I am checking with the City of Parma, to see if there are any restrictions when it comes to combining this program with the $8,000 Federal Stimulus or the OHFA Mortgage Credit Certificates program.  

UPDATE 3/2/2009 I did recieve a note from the city that said borrowers can recieve these funds as well as the Federal Stimulus. 

0 comments • Tim Bradford • February 26 2009 05:48PM

Resturants.com is again offering $25.00 Gift Cards for $2.00

Anyone that is interested in trying a different Resturant may want to check out www.Resturant.com because they are again offering 80% off the gift cards that they sell.    Normally Resturant.com sells a $25.00 gift card for $10.00.   If you key the code "DINE" you will save 80% off the $10,00 price so it will only cost you $2.00.   Last year I took advantage of a special like this and the deals are real.  

The only thing you want to be aware of is that some of the Certificates have Min Purchase requirements.  Make sure you read the rules.   

Lowest price of the year!!!
Save 80% on Restaurant.com Certificates with code DINE
Pay only $2 for a $25 gift certificate.

3 comments • Tim Bradford • February 25 2009 06:26AM

Could this be True??? Cleveland Real Estate Prices are up??

 I have believed for a while that Cleveland, Ohio has been better off than most others areas of the Country.   Here is some data that appears to support that belief.  Also, shown is information for the Columbus market.    Click on the image of the Link to see the full data.

Any renters that could be qualified to purchase now may want to consider looking today versus waiting.  Besides the $8,000 Stimulus Tax Credit, First time buyers in Ohio can get an additional Federal Income Tax Creit.   Click here to see a what your Tax Credits could be.

 http://www.housingtracker.net/asking-prices/cleveland-ohio

 

http://www.housingtracker.net/asking-prices/Columbus-ohio

 

 

 

 

1 comment • Tim Bradford • February 24 2009 06:36PM

Would you buy a $110,000 home If you got over $40,000 in Tax Credits?

 First time buyers that take advantage of the $8,000 Stimulas Program and also the OHFA Mortgage Credit Certificates program could revieve over $40,000 in Federal Tax Credits on a $110,000. Home Purchase.    

IF you are a First Time Buyer (or plan on buying in a OHFA Targeted Area) you want to find out about this opportunity. 

Here is a calculator that will do the math for you.  http://www.firsttimebuyers-mortgages.com/OHFAMCCTaxCalculator.php?Linked=TBradford

The only catch is that OHFA has only authorized 12.5Million to this program and they estimate only the first 1,000 applications can be accepted.     If you have any questions, please give me a call. 

0 comments • Tim Bradford • February 19 2009 10:46PM