One generally good way to look at where national foreclosure trends are going is to look on the local level. In this instance we’ll look at Pickaway county Ohio.
Pickaway County is located directly south of Franklin County Ohio where the city of Columbus resides. It is home to more than 53,000 people , the county seat is Circleville.
As a agent here, I’ve done alot of business in regards to foreclosures, working with buyers, sellers , the banks who actually foreclose on homeowners, and even helped a few people do short sales on their properties prior to the bank actually foreclosing.
To be very honest with you, I’m quite worried about the state of foreclosures here, we’ve seen a continually increasing supply over the past 3 years or so, and after talking to those in county administration (The auditor, recorder and clerk of courts) it almost seems that the volume of properties held by banks may increase over the next 6 months. This of course is great news for buyers, but horrible news to sellers. There are less buyers today than there were a year ago due to increasing demands from lenders to document income as well as provide a larger down payment. This causes prices generally to go down, although I haven’t seen it yet (The total sales volume is down though so far in the month of July).
Recently we’ve seen a huge shift from paper backed notes to hard currency such as Silver coins or gold coins like Kruggersrands and Golden Eagles.
Interestingly enough , one of the biggest buyers of hard gold has been Germany in the past 1 year , so much so that many dealers just ran out of supply, which further increases demand and drives prices up greatly. This all has a negative impact on the ability of paper currency to cover debt. Currently , no largely traded currencies are covered by gold, CHF was the last currency to do so , but dropped the tie between itself and gold in 2001 (it was last tied 10% to gold).
I’m curious whether or not we’ll see a return to hard currency or not.
It seems that demand for affordable housing is returning
But this time, it is the banks that are being cautious
The housing market in Southern California has a long way to go before it reaches normality. However, things have been gradually improving during 2010, to the extent that analysts are now …
When you consider moving , it’s generally a good idea to consider your dish pack box when you choose to move. Moving is so difficult anymore, with all the taxes, and things that you have to do. So I’d tell you to be extremely careful when packing, use lots of bubble wrap and other stuff like that.
Don’t hire local kids to help you pack , most of the time they’ll take your money and buy either candy or drugs , either way your money is gone and you still have to pack your boxes! Also , don’t pay local crackheads to watch your stuff, that is if you value it!
Specialty Hospitals of America owed the city $55 million in taxes
Was this the best way to write of $20 million?
A senior Washington, D.C. official gave me a nonplussed look when I asked her how the City feels about owing a hospital again. Although her answer was carefully contrived in official-speak, …
New City rules force set to force compliance
Banks cry foul – but do they have a choice?
Los Angeles families are tired of the way that lenders who foreclosed on neighborhood properties are caring for their new assets. Their complaints have galvanized City Officials into taking action – and in a …
Prices are improving steadily but are still at 2006 levels
A more mature market is less likely to overheat again
A prudent purchase is more likely to be a wise investment
The latest edition of the Case-Shiller Index reflects a situation in which the score for April 2010 is still way behind …
A well prepared application form is vital
Everything that you say, must be proved with documents
You don’t need paid advice to make application
The Treasury Department in Washington introduced a program known as HAMP approximately 18 months ago that focuses on assisting embattled homeowners avoid foreclosure despite suffering financial hardship. The first …
Hating the Northeast heat wave? You could be skiing right now.
16% unemployment
1.8% into bankruptcy proceedings in the past 12 months
4.8% of real estate affected by foreclosures
Residents of Kern County in the heart of California could not have been happy when they woke up the other morning, and tuned into their favorite news station to learn that they were now living …