![]() “I think folks are now catching up and people fell behind during the pandemic, people were increasingly housing insecure, and because they didn’t have access to stable income, were falling behind on their mortgage and tax payments again,” Holzer said. In Cuyahoga County, August 2021 was the highest in terms of foreclosure cases filed: 880 in total. Still, the report says that foreclosure rates nationally are still below normal levels. We’re seeing more folks now that are reaching out to us." “There are so many more resources available now than there were at the beginning of the pandemic to help address mortgage and tax foreclosures. Still, she says more people looking for help, partly because there are resources they can benefit from. ![]() Holzer says CHN Housing Partners is seeing an increase in foreclosure clients, but this could be for a number of things. In Cuyahoga County, nearly half of the foreclosures cases filed in January 2022 are tax related:ġ37 tax 48 tax certificate 124 mostly mortgage foreclosuresġ50 tax 19 tax certificate 160 mostly mortgage foreclosures ![]() “The lifting of certainly has impacted people’s ability to pay for their mortgage and their taxes," she said. Nina Holzer, assistant director of financial mobility at CHN Housing Partners, says the moratorium helped people stay in their homes. Experts say homeowners should not wait until they fall behind to seek help to pay for their mortgage and tax paymentsįor some people, the ending of foreclosure restrictions in December may have played a role in their financial troubles.329 foreclosure cases were filed in January 2022 in Cuyahoga County.Northeast Ohio is one of the areas most impacted.Ohio is among the five top states with the greatest number of foreclosures initiated in January 2022.Thanks for reading the Blog!Ĭolumbus Real Estate Agent helping First Time Buyers. To see the inside of any of these homes, give me a call at (614) 975-9650 and I will schedule a showing. If you click on the street addresses above you will get the map locations of these Columbus OH homes for sale. You can find these homes on the HomeSteps website, however, there’s no description and there are hardly any photos. Here are 3 Central Ohio Freddie Mac Homes you may want to check out: Their most expensive home is listed for $400,000 in Avon Lake, OH. What will you find, if you search for Freddie Mac homes?Ĭurrently, they have 755 listings in Ohio (that’s less than HUD homes) starting as low as $2,500 for a 3 bedroom home in Middletown, OH. However, under their SmartBuy purchase program you can get a 2 year home warranty as well as an appliance discount of 30%. They do not offer any special financing for owner occupants. Due to the rise in defaults and foreclosures they ended up with many of these properties.įreddie Mac lists their homes for sale on a website called. Just like Fannie Mae they have been buying tons of mortgages from regular banks in the secondary market. Do not just call the listing agent! Having me as your trusted buyer’s representative I will make your life much easier and the purchase go smoothly.Ī good source for bank-owned homes for sale is Freddie Mac. Note: I can represent you as a buyer’s agent on any of these homes. Today I want to show you another source of REOs you may want to consider. I also dealt with many HUD homes over the past few years. In an earlier post I talked about Fannie Mae homes. So, what are your alternatives to short sales?īank owned homes (REOs) are abundant in this market. I personally completed more than 200 short sale transaction, but right now I stay away from them. Contracts on short sales are very unpredictable and take forever to close. I am talking about Columbus OH homes for sale that are owned by a lender or the Federal Government.Īlthough many homes are listed as short sales and the owners may be facing foreclosure, I do not recommend you go after these homes. The best deals in today’s market are foreclosure homes. If you are like most home buyers, you are probably looking for a “deal”.
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