takes a hit:click
Up and down:click
Plunger alert:
purchase price 1.5 in 05 click
Listing here: click adverted as short sale on zip along with photos. been on site almost 300 days. alas, this is the one with the harvest gold stove !! the city of lhp has filed a lien this month and bank united has filed an LP in October.whether its the same home, I didnt look but you can, if you are interested.
As I remember, this was a couple of neighbors who got together and put it on the pass line so to speak.
Foreclosures:click
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this blog is strictly for entertainment purposes only. We are not real estate professionals, only casual observers. Any information within should not be construed or relied upon as true fact or advice . The owners/bloggers /contributors of this website specifically disclaim all warranties, express, implied or statutory, regarding the accuracy, timeliness, and/or completeness of the information contained herein.
Not for profit:
All ad fees wll be donated to http://www.cheetahexperience.com. In less than 10 years they will be gone. Cheetahs are the only big cat that purr's and the only big cat that can be trusted in a professional setting. We are their biggest fan. And yes, I am just another crazy cat lady. !!
Not for profit:
All ad fees wll be donated to http://www.cheetahexperience.com. In less than 10 years they will be gone. Cheetahs are the only big cat that purr's and the only big cat that can be trusted in a professional setting. We are their biggest fan. And yes, I am just another crazy cat lady. !!
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5 comments:
Interesting article in today's Ohio.com site.
Foreclosure sales plummet in Summit County
By Rick Armon
Beacon Journal staff writer
POSTED: 06:18 p.m. EST, Feb 15, 2010
The number of foreclosed properties sold at Summit County sheriff's auctions plummeted last year, hitting its lowest level since 2003.
The county sold 1,317 properties worth $92.3 million — a significant drop from the 2,919 and $198 million in the previous year.
Fewer homeowners losing their properties would appear to be positive news. But some housing experts warned against celebrating an apparent win, or at least slowdown, in the ongoing foreclosure crisis.
''It's not good news,'' said Mark Seifert, executive director of the Cleveland-based Empowering and Strengthening Ohio's People. ''It looks like it is but it's not.''
He and others attributed the sharp decline to banks and mortgage lenders walking away or not pursuing sheriff's sales after receiving court judgments.
In some cases, lenders discover they had high mortgages on worthless properties so they just abandon them, Seifert said.
In other cases, the lenders are hanging onto the judgment, waiting for the housing market to improve before pursuing the sheriff's sale, he added.
Homeowners are either left in limbo or they also walk away, leaving a vacant property and a neighborhood nuisance behind. With the bank not taking ownership, the homeowner is on the hook for an accumulating property tax bill.
Many banks are asking to withdraw scheduled sheriff's sales, county Common Pleas Judge Thomas Teodosio said.
''They don't want to be stuck with the property,'' he said, adding that he won't withdraw the sale without a legitimate reason.
Housing and foreclosure experts identified many other reasons for the dramatic decline from 2008.
They cited more homeowners seeking help, court-ordered mediation, foreclosure moratoriums pushing off sales that would have happened last year, personal bankruptcies delaying sales, the federal loan modification program, and so-called ''short sales,'' when properties are sold before they reach foreclosure.
''I'm hoping maybe the banks are taking a closer look at the properties they are foreclosing on and either working more of these loans out or making a decision that they aren't going to foreclose,'' Teodosio said.
Sheriff's officials also noted that the county scheduled many more foreclosure auctions in 2008 because of demand.
There were nearly 5,150 properties set for auction in 2008, compared with 2,979 last year.
Not all properties scheduled are sold. More than half of those scheduled last year were either canceled at the last minute or there was no bid received.
''We like to think our efforts have meant something in forestalling the foreclosures,'' said Lolita Adair, a local real estate agent.
''I don't mean to sound cynical, but believe me that's not happening,'' she said. ''If we think the lenders are standing still while we try to recover from the deceptive business product they put in the market that created all this mess, then we're sadly mistaken. Because they are one step ahead of us.''
Two local banks contacted for this story did not return phone calls.
Continuation of Article
National housing experts have identified the Akron area as one of the worst in the country for foreclosure activity. In the last five years, about 20,000 foreclosure lawsuits have been filed in Summit County.
Over that same time, more than 10,600 properties have been sold at sheriff's auctions.
Rick Armon can be reached at 330-996-3569 or rarmon@thebeaconjournal.com.
Potential bidders wait for the start of a Summit County sheriff’s auction at the Summit County Courthouse in 2008. Foreclosure sales plummeted in 2009, hitting their lowest since 2003. (Phil Masturzo/Akron Beacon Journal)
View more photos>>
The number of foreclosed properties sold at Summit County sheriff's auctions plummeted last year, hitting its lowest level since 2003.
The county sold 1,317 properties worth $92.3 million — a significant drop from the 2,919 and $198 million in the previous year.
Fewer homeowners losing their properties would appear to be positive news. But some housing experts warned against celebrating an apparent win, or at least slowdown, in the ongoing foreclosure crisis.
''It's not good news,'' said Mark Seifert, executive director of the Cleveland-based Empowering and Strengthening Ohio's People. ''It looks like it is but it's not.''
He and others attributed the sharp decline to banks and mortgage lenders walking away or not pursuing sheriff's sales after receiving court judgments.
In some cases, lenders discover they had high mortgages on worthless properties so they just abandon them, Seifert said.
In other cases, the lenders are hanging onto the judgment, waiting for the housing market to improve before pursuing the sheriff's sale, he added.
Homeowners are either left in limbo or they also walk away, leaving a vacant property and a neighborhood nuisance behind. With the bank not taking ownership, the homeowner is on the hook for an accumulating property tax bill.
Many banks are asking to withdraw scheduled sheriff's sales, county Common Pleas Judge Thomas Teodosio said.
''They don't want to be stuck with the property,'' he said, adding that he won't withdraw the sale without a legitimate reason.
Housing and foreclosure experts identified many other reasons for the dramatic decline from 2008.
They cited more homeowners seeking help, court-ordered mediation, foreclosure moratoriums pushing off sales that would have happened last year, personal bankruptcies delaying sales, the federal loan modification program, and so-called ''short sales,'' when properties are sold before they reach foreclosure.
''I'm hoping maybe the banks are taking a closer look at the properties they are foreclosing on and either working more of these loans out or making a decision that they aren't going to foreclose,'' Teodosio said.
Sheriff's officials also noted that the county scheduled many more foreclosure auctions in 2008 because of demand.
There were nearly 5,150 properties set for auction in 2008, compared with 2,979 last year.
Part 3 of Article
Not all properties scheduled are sold. More than half of those scheduled last year were either canceled at the last minute or there was no bid received.
''We like to think our efforts have meant something in forestalling the foreclosures,'' said Lolita Adair, a local real estate agent.
''I don't mean to sound cynical, but believe me that's not happening,'' she said. ''If we think the lenders are standing still while we try to recover from the deceptive business product they put in the market that created all this mess, then we're sadly mistaken. Because they are one step ahead of us.''
Two local banks contacted for this story did not return phone calls.
National housing experts have identified the Akron area as one of the worst in the country for foreclosure activity. In the last five years, about 20,000 foreclosure lawsuits have been filed in Summit County.
Over that same time, more than 10,600 properties have been sold at sheriff's auctions.
Rick Armon can be reached at 330-996-3569 or rarmon@thebeaconjournal.com.
Not exactly pertinent to the S Fla market, but clearly shows how the shadow inventory is playing out.
www.ohio.com
Re; 2521 NE 32 Ct,
The realtor was less than impressed when I showed up at her open there several years ago and told her it was $600k too high. I think they were wishing for $1.2 at the time.
After some discussion, she did however confess that they could barely give those waterfronts away prior to 1998 and the bubble.
That's the one with the built in blender attachment in the counter top, circa 1960. LOL
I'd sat $800k is about $300k too high today.
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