March 2008

There are 18 blog entries for March 2008.

This has not been confirmed, but I have been told, by a very reliable source that Walker Weeks has ended it's campaign to sell it's space as condos and has now decided to lease space to renters.  The reasons for this change of heart are a bit unclear especially because it seemed to be a very attractive project that I received many inquiries about.  Whatever the reason, it was not to be.  Maybe when the immediate surrounding area becomes a little more developed the owners can try again... I'll be watching.
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For those of you who are in the medical field and are looking for a new home you may be interested to know that you can get a special loan that will not look at you student loans as debt!  Most banks offer a program such as this but I am not sure everybody knows about it.  These loans typically offer…

 

  • 100% Financing Available
  • No PMI
  • Student Loans are Not Considered
  • Loans Available for Non-U.S. Residents
  • Reduced Closing Costs

 

There are plenty of opportunities to own out there and it just got a lot easier.

For details, feel free to call my friend and trusted mortgage consultant

 

Sean Hadley 

Home Loan Consultant

Heritage Mortgage Services

Direct: (216)378-4848

shadley@heritagems.net

1,984 Views, 0 Comments.

The Novare group, developer of Charlotte's Avenue condos, plans to begin selling its newest project the Catalyst within two months.  The completion date for this 462 unit project has been extended until winter 2009.  Each unit will come loaded with standard features including an Ipod docking station, hardwood floors, balcony, and granite countertops.  Residents are free to enjoy the pool, clubroom, movie cinema, lounge and virtual art gallery.

Prices will begin around $180,000.  Deposit requirements and floorplans have not yet been released, so please check back shortly!

 

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Last-Minute Home Owner Tax Primer
As April 15 approaches, here’s what home owners need to know about the deductibility of mortgage interest and property taxes.

Taxpayers may deduct on Schedule A of Form 1040 mortgage interest on the purchase or home equity debt on two residences, their primary home and another dwelling, including a boat or a mobile home. These dwellings must have sleeping, cooking, and toilet facilities to qualify for a loan interest deduction. Interest paid on vacant land isn’t deductible.

Real estate taxes are deductible on all properties owned by the taxpayer — not just the first two. The deduction must be taken in the year the taxes are paid. Taxes placed in escrow are deductible when they are paid to the taxing authority, not…
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I have received many inquiries about listing #2447851-11426 Cedar Glen in Cleveland, OH 44106. 

This is not the sale price but the beginning bid at auction.  If you are interested in learning about the auction details please give me a call or email me.

Thanks.

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You know?  I read about some negative statistic or gloomy prediction regarding Cleveland just about everyday, so I thought I would write a few words to help people start thinking in a positive and hopeful way about Cleveland as I do.

READ MY LIPS... “There is no doubt in my mind that Cleveland has an extremely bright and prosperous future.”

Cleveland, and Northeast Ohio in general, are experiencing and have been experiencing a transformation the past decade or so.  The way of the big manufacturing industries have been steadily declining and making way for the new face of Cleveland.  Healthcare, information technology and biotechnology are the future, and it’s that simple.

When I read the latest numbers regarding how many people have left

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The table below demonstrates how even as home prices may drop, monthly mortgage payments basically stay the same; due to increased interest rates:

 

Scenario 1:
Prices decrease by 5% and interest rates increase by 0.5%


Scenario 2:
Prices decrease by 10% and interest rates increase by 1.0%

Today Scenario 1 Scenario 2

Home Price

$218, 900

Home Price: -5%

$207,955

Home Price: -10%

$197,010

Interest Rates

6.04%

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Mark your Calendars! Main Street Arts Festival is coming to downtown Fort Worth again this April from the 17-20. Enjoy live music, art, and urbanism! This is a great way to see downtown and just how friendly our center city really is.
Here is a recent press release explaining all the great opportunities available at Fort Worth's Main Street Arts Festival: http://www.mainstreetartsfest.org/More-Ways-To-Explore/Press-Release/08-02-18/main_st_fort_worth_arts_festival_hits_the_streets_april_17-20.aspx

Or visit their website: http://www.mainstreetartsfest.org/home.aspx

Also, I urge you all to come to Arts Goggle on Friday, March 28 in the Near Southside of Fort Worth. The event runs from 5:00 PM to 10:00 PM, and there will be art, sculpture, and

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Leslie at the Fort Worth Business Press recently added an article about the goals of Fort Worth's new city mangager Dale Fisseler.

Fisseler is pushing for more urban renewal and mixed-use development. He hopes to see a rail line linking downtown Fort Worth with D/FW airport within the next 5 years. He also added that developments like So7 and Museum Place are exactly the type of developments he would like to encourage with appropriate "zoning and economic incentives."

“These are high-density projects [So7 and Museum Place]. That’s what you want to see,” Fisseler said. “Those are long-term investments and we think that’s the right way to go. These are sustainable developments. We’re trying to get some projects in where you don’t have to drive to get…
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