Indianapolis Area Real Estate Blog

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WHY Banks Are Losing Money

WHY Banks Are Losing Money

This is from the STUPID FILE of things banks do on bank owned properties. There are certainly enough stories to complete a library and yet, just when you thought you read the one to beat all stories, another comes along that makes you scratch your ...

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High End Homes Not Selling in Metro Indy

High End Homes Not Selling in Metro Indy

Today, the Hilbert Mansion on 116th Street in Carmel was reduced by another $5,000,000. Originally listed at $25,000,000, the current asking price is less than 40% of the original listed price. You can read the  story here. The volatility of ...

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Your New Mortgage Payment Info

Your New Mortgage Payment Info

What happens to your mortgage payment when the taxes change? We’ll look at my daughter’s changes over the last 18 months. In 2008 when the Indianapolis property tax C-bill came out ( the final bill for 2006), it was much less than the ...

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Facing Foreclosure in Indianapolis

Facing Foreclosure in Indianapolis

Losing the American Dream Buying a home is the 'American Dream' and a huge investment which is normally not taken lightly. I doubt many people who sign their loan documents and open the door to their new home, think 'well, if I can't make it, ...

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Indianapolis Foreclosure Statistics 2003 - 2009

Indianapolis Foreclosure Statistics 2003 - 2009

Recently, I was asked to provide some data about the state of foreclosures in Indianapolis and how it is affecting the economy. It was an eye-opening excercise, but certainly not surprising. While the data reveals the state of foreclosures in ...

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Certified Deed RipOff

Certified Deed RipOff

A client recently called to ask whether they need to obtain a 'certified' copy of their deed. She had received a letter from National Deed Service stating she could should get a Certified copy of her deed, how important the document is, since ...

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WARNING - You Don't Need Their Help

WARNING - You Don't Need Their Help

It is part of my normal routine to contact lenders on behalf of my clients who are in the process of trying to obtain a short sale on their home. Today, one of the lenders I called had an intro message warning their clients about third parties ...

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Refinancing Your Indianapolis Home?

Refinancing Your Indianapolis Home?

Low interest rates have created an upsurge in the number of homeowners looking to refinance their homes. I don’t have an opinion either way, as I believe it is a personal financial decision everyone needs to make for themselves. Once you ...

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Spinning the Averages

Spinning the Averages

It’s time for all the year end statistics and market reports to be calculated and published. While some will offer doom and gloom, others will paint a rosy picture. Somewhere in between the two is the truth. Everyone has their own spin! ...

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What is a Short Sale?

What is a Short Sale?

A short sale is the process by which a homeowner sells their home for less than what is owed to the current lender or lenders or when the cost to sell a home does not cover the current balance due the lender. A short sale is one option for ...

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Defining Average Vs. Median Home Prices

Defining Average Vs. Median Home Prices

One of the terms which is least understood and most overused in real estate is “average”. It gets used a lot in news media coverage of the real estate industry; I guess, simply because there is not a more definitive way to ...

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Are You Facing Foreclosure?

Are You Facing Foreclosure?

A Homeowner’s Nightmare With the economic crisis we are facing in the real estate sector of our economy, many homeowners are realizing their home may not be the investment they thought. The dream of home ownership has turned into a nightmare ...

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Indianapolis Tax Estimator for Marion County

Indianapolis Tax Estimator for Marion County

Here’s a little knowledge about the tax bills which will soon hit our mailboxes. Remember, you will receive a tax bill for the first half of 2007 in a few weeks, best estimates indicate November 10th. We then expect the last half of 2007 tax ...

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Is Hope for Homeowners a Plan for You?

Is Hope for Homeowners a Plan for You?

The Hope for Homeowners (H4H) plan went into affect on October 1st. While, I do believe it is a benefit for some, I don’t think it will help or benefit as many as it should. Many of the homeowners I speak to have to weigh the ...

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Real BailOut from the Banks

Real BailOut from the Banks

The recent bailout of wall street and banks has many trying to figure out exactly what it means for homeowners who may be facing foreclosure. While I don’t know the specifics about what the bailout means for individual homeowners, there are a ...

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Indianapolis Property Taxes - A Homebuyers Story

Indianapolis Property Taxes - A Homebuyers Story

A Phone Call A recent phone call from a gentleman about the amount of real estate property tax he had to pay for the reconciliation bill in July made me think about what a mess this whole year has been for homeowners, both those who are buying and ...

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Indianapolis Property Taxes - A Question

Indianapolis Property Taxes - A Question

This is a week of tax questions. If you have been a reader here for any time at all, you know the Indianapolis property tax issue is a favorite of mine   The following question came from someone who is starting their search for a home in Avon a ...

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