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Have you done any short sales, loss mitigation or REO work in 2007?

This is a HUGE market and I am looking for your comments on what has worked and not worked to share with the Active Rain community. I have worked with one lender on REO's for 6 years and am seriously considering gearing up to do more. I have done 3 short sales and have 2 pending.
At this time I  am doing loss mitigation work for Titanium solutions. Not much pay on this but I have helped some folks re-cast their loans and save $$$. There are not many short sales or REO's in my market areas of Clintonville or Worthington; however, part of Northand in zip code 43224 and the Ohio State University area, zip codes 43202 and 43201, have lots of foreclosures. How about you?
Merry Christmas!!!-

 

 

 

 

 

 

 

 

 

 

 

 THE JACKSON TEAM  614.888.1000   614.431.1220

 VISIT US AT WWW.THEJACKSONTEAM.NET

 

12 commentsJoe Jackson • December 24 2007 08:07AM

4623 Saint Margaret Ln. Whitehall, OH 43213

Sold as-is to settle an estate. Easy to see. Need flashlight. No electricity. Has 2 storage buildings. Just off Hamilton Rd. Newer roof, windows & bath. Seller does not work weekends. Contact listing agent for disclosures. 2 bedrooms, 1 bath. 750 sq. ft. $59,900. Visit TheJacksonTeam.net to see this and all of our listings.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 THE JACKSON TEAM  614.888.1000   614.431.1220

 VISIT US AT WWW.THEJACKSONTEAM.NET

 

3 commentsJoe Jackson • December 20 2007 11:07AM

SOLD!! 386 E. Northwood Ave. Columbus, OH 43201

Wonderful, updated home near Iuka Ravine & OSU.Exceptional kitchen. Dual HVAC. Finished 3rd floor adds approx. 430 sq. ft.& has skylights & a deluxe bath. Outstanding landscaping w/tons of perenials & fruit trees. Roof approx. 1999 & exterior painted 2007. HMS & ABC warranties in place. $219,500. Visit TheJacksonTeam.net to see this and all of our listings.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 THE JACKSON TEAM  614.888.1000   614.431.1220

 VISIT US AT WWW.THEJACKSONTEAM.NET

 

2 commentsJoe Jackson • December 19 2007 08:08AM

1309 Melrose Ave. Columbus, OH 43224

Great starter home off Weber Rd. Possible Zero down with 5/3rd Good Neighbor program. 748 square feet. 3 bedrooms, 1 bath, full basement, some wood floors and gas heat. Huge 2.5 car garage and fenced yard. Columbus schools. Potential rental. Come see. $62,900. Visit TheJacksonTeam.net to see this and all of our listings.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 THE JACKSON TEAM  614.888.1000   614.431.1220

 VISIT US AT WWW.THEJACKSONTEAM.NET

 

6 commentsJoe Jackson • December 14 2007 03:32PM

Market Stats for Homes sales In Central Ohio and Columbus

November 2007 saw an INCREASE in the average sales price of single family homes and condos in Franklin and Delaware county of 4% However the number of actual sales declined 21%
Year to date the Columbus MLS shows number of sales down 5%, but the average sales price is down only 1.3% we are in a "sidewards "market. Values are for the most part staying stable. some areas are showing small Increases. Clintonville has a price increase year to date of.1% for an average price of  Clintonville home being $191,648. Bexley also showed an increase of sales price of 6%!
All real estate is local. All markets are different.
People are still buying and selling real estate!

 

 

 

 

 

 

 

 

 

 

 

 THE JACKSON TEAM  614.888.1000   614.431.1220

 VISIT US AT WWW.THEJACKSONTEAM.NET

 

0 commentsJoe Jackson • December 10 2007 08:00AM

120 N. Hampton Rd. Columbus, OH 43213

LAND USE RESTRICT AGREE CALL FOR DETAILS. All brick 4 unit! Income projected & Expenses estimated. Check for updated occupancy. Can buy with 3 other buildings, 94, 102 & 112 N. Hampton. All 4 in a row. Taxes estimated.  All offers must have $1000 deposit and pre-approval letter. $99,000. Visit TheJacksonTeam.net to see this and all of our listings.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 THE JACKSON TEAM  614.888.1000   614.431.1220

 VISIT US AT WWW.THEJACKSONTEAM.NET

 

2 commentsJoe Jackson • December 04 2007 12:09PM

403-09 Chittenden Ave. Columbus, OH 43201

Highly updated University District brick 4 unit. Fully leased. 90% efficient furnaces. 3 units have central air. 4 separate parcels. Could be sold as fee simple units. Much renovation has taken place in area. Add photos & improvement details available. Please contact listing agent. Agent/owner. $190,000. Visit TheJacksonTeam.net to see this and all of our listings.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 THE JACKSON TEAM  614.888.1000   614.431.1220

 VISIT US AT WWW.THEJACKSONTEAM.NET

 

2 commentsJoe Jackson • December 04 2007 12:00PM

112 N. Hampton Rd. Columbus, OH 43213

LAND USE RESTRICT AGREE CALL FOR DETAILS. All brick 4 unit with garage. Income projected & expenses estimated. Check for updated occupancy. Can buy with 3 other building 94,102 & 120 N. Hampton. All 4 in a row. Taxes estimated. SOLD AS IS. $99,000. Visit TheJacksonTeam.net to see this and all of our listings.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 THE JACKSON TEAM  614.888.1000   614.431.1220

 VISIT US AT WWW.THEJACKSONTEAM.NET

 

2 commentsJoe Jackson • December 04 2007 11:07AM

352-54 Chittenden Ave. Columbus, OH 43201

Resored 5 unit with all mechanics updated. Unique renovation with responsible tenant mix. Can be bought with 403-09 Chittenden. Much renovation in area. Contact listing agent for additional photos & list of improvements. New roof 2004. Fully leased. Management available. Owner pays water and sewer. Tenant pays electric and gas. Agent/owner. $190,000. Visit TheJacksonTeam.net to see this and all of our listings. Near Ohio State Unversity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 THE JACKSON TEAM  614.888.1000   614.431.1220

 VISIT US AT WWW.THEJACKSONTEAM.NET

 

3 commentsJoe Jackson • December 04 2007 09:31AM

1011-13 S. James Rd. Columbus, OH 43227

LAND USE RESTRICT AGREE CALL FOR DETAILS. 2 BR townhome. Income & expenses are projected. Curb offers only! All offers must have $1000 deposit & pre-approval letter. Some newer windows. Seller is tax exempt. Seller does not work weekends. Owner pays sewer and water. Tenant pays electric and gas. $79,000. Visit TheJacksonTeam.net to see this and all of our listings.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 THE JACKSON TEAM  614.888.1000   614.431.1220

 VISIT US AT WWW.THEJACKSONTEAM.NET

 

2 commentsJoe Jackson • December 04 2007 09:26AM