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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Posted by Paula Henry on December 31, 2008 in Real Estate News
Indianapolis Real Estate Market Report - November 2008
There are currently 7990 homes for sale in Indianapolis in Marion County. Across the board there are fewer homes on the market along with fewer sales in general.
Wayne Township and Center NE both increased the number of sales over ...
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Posted by Paula Henry on December 28, 2008 in Market Statistics
Danville Real Estate Market Report - November 2008
For the month of November, there were 9 homes sold and closed in Danville compared to 11 homes sold in October. Of the 9 homes sold in November, 2 homes were distressed property sales.
The average price of all homes ...
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Posted by Paula Henry on December 27, 2008 in Market Statistics
Plainfield Real Estate Market Report - November 2008
For the month of November, there were 27 homes sold and closed in Plainfield compared to 25 homes sold in October. Of the 27 homes sold in November, 5 homes were distressed property sales.
The average price of all ...
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Posted by Paula Henry on December 27, 2008 in Market Statistics
Eagle Creek Real Estate Market Report - November 2008
There were no single family home sales in Eagle Creek in November, so, instead of a blank page, I thought you may enjoy a scenic view when the weather was a bit warmer and the trees still had leaves.
There are currently 19 homes available for sale ...
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Posted by Paula Henry on December 27, 2008 in Market Statistics
Traders Point Real Estate Market Report - November 2008
For the month of November, there were 10 homes sold and closed in Traders Point compared to 14 homes sold in October. Of the 10 homes sold in November, 2 homes were distressed property sales.
The average price of all ...
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Posted by Paula Henry on December 27, 2008 in Market Statistics
Fishers Indiana Real Estate Market Report - November 2008
For the month of November, there were 75 homes sold and closed in Fishers compared to 91 homes sold in October. Of the 75 homes sold in November, 10 homes were distressed property sales.
The average price of ...
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Posted by Paula Henry on December 27, 2008 in Market Statistics
Carmel Indiana Real Estate Market Report - November 2008
For the month of November, there were 64 homes sold and closed in Carmel compared to 69 homes sold in October. Of the 64 homes sold in November, 6 home were distressed property sales.
The average price of all homes ...
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Posted by Paula Henry on December 27, 2008 in Market Statistics
Zionsville Indiana Real Estate Market Report - November 2008
For the month of November, there were 15 homes sold and closed in Zionsville compared to 27 homes sold in October. Of the 15 homes sold in November, 1 home was bank owned.
The average price of all homes sold ...
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Posted by Paula Henry on December 27, 2008 in Market Statistics
Brownsburg Indiana Real Estate Market Report - November 2008
For the month of November, there were 35 homes sold and closed in Brownsburg compared to 39 homes sold in October. Of the 35 homes sold in November, 12 were homes which were distressed sales; 11 were bank owned and 1 was ...
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Posted by Paula Henry on December 27, 2008 in Market Statistics
Avon Indiana Real Estate Market Report - November 2008
For the month of November, there were 49 homes sold and closed in Avon, compared to 39 homes sold in October. Of the 49 homes sold in November, 13 were homes which were distressed sales; 12 were bank owned and 1 was sold as ...
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Posted by Paula Henry on December 27, 2008 in Market Statistics
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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Posted by Paula Henry on December 21, 2008 in Real Estate News
Simple Real Estate Definitions : Refinance
A mortgage is a contract between a lender and borrower, defining the terms by which a home loan must be repaid. The paperwork, signed by both parties, includes provisions for things like:
The interest rate
The length of the loan
The amount ...
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Posted by Paula Henry on December 12, 2008 in Real Estate Terms
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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Posted by Paula Henry on December 10, 2008 in Real Estate News
Are Loan Modifications Working?
Heres some news which really doesn't surprise me. Earlier this year and under pressure from the government, mortgage lenders made more than 200,000 loan modifications to delinquent homeowners. The modifications came in one of three forms, or a ...
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Posted by Paula Henry on December 9, 2008 in Mortgage News and Info
Tis the Season
Nothing brings life to the Christmas season like a child’s wonderment as the tree is put up, the lights strung and the ornaments hung. Nothing, that is, except this Mimi watching her grandchildren taking in the moment.
This is our first year ...
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Posted by Paula Henry on December 9, 2008 in Random Thoughts