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eMail: jon@modene.com

Perrysburg Blog

Overload in Perrysburg

March 7th, 2012 . by Jon Modene

There really is too much news and too much going on to make the requisite 3 or 5 or 8 blog posts to cover it all.

Hence a summary:

1. FHA refi costs going down.   At least announced.  

2. Property values in Ohio going down.  At least that’s what the numbers say. 

3. Temperatures going up.   That’s what my Mark 1 eyeball is telling me.  Didn’t it snow at some point this Winter?  I don’t remember.

4. Mr. Freeze opened up in February.  See 3, above.   At least that’s what my kids tell me. 

5. Short sales . . . . I am holding in my hand a short sale approval letter.   It has only only taken 3 years – 1000+ days – to get.   So, don’t walk away from your house.  Short sell it.

6. Foreclosure delays.   A house that was foreclosed on in 2009 and I released my listing on as the seller was told “no” vis a vis a short sale was discovered to be empty this morning.  With a buyer standing in it.  On the phone to me since my sign was in the house or the garage . . . so I checked the auditor and low and behold it’s not sold, not foreclosed, just ignored.   2012-2009 = a huge amount of time for a house to be empty and ignored and the underlying loan to be in default.   Amazing.

7. 18 offers on one house – which shall remain nameless at this point.  A record in my real estate career.   Oh, and that’s not offers dribbling in over a couple of months.   No.  That’s offers in at one time.

8. Out in the field – ordering paint, carpet, kitchens, doors, etc. for a bunch of foreclosed houses in Perrysburg and the Township today.   My staff said that we are creating our own recovery with the spending.   That may be true – but at least we can show you some really nice REO listings.

9. Client Movie Day this Saturday at the Maumee Indoor Theater.  Totally sold out.

10. I only had a 4 or 5 minute break to watch some iPad 3 stuff this AM.   Love mine.  Use it on every appointment.   Someone is going to marry the new iPad 3 with real time paperwork and money-work processing and it will change my business again.   I cannot wait.

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