Bellaire Puritas Development Corporation is Sponsoring an 'Avoid Foreclosure' Seminar April 26th

I am posting a flyer from the Bellaire Puritas Development Corp (BPDC) about an upcoming event that many of us truly need to attend:

Having Trouble Making Ends Meet?
· Are You in Over Your Head in Bills?
· Have You Ever Had a ‘PayDay’ Loan?
· Not Sure if You Can Make Your Next House Payment?
· Afraid of Losing Your Home?
· Looking to Refinance Your Home?
· Thinking of Consolidating Your Debt?
· Not Sure if You Have A Predatory Loan?

Bellaire Puritas Development Corporation
is sponsoring a night of
FREE ANSWERS AND ASSISTANCE
on Thursday, April 26th
From 5:30pm to 7:30pm
at 14703 Puritas Avenue
(use side entrance behind US Bank)

Attorneys from Housing Advocates, Counselors from the County Foreclosure Prevention Program, East Side Organizing Project (ESOP), Cleveland Housing Network and Neighborhood Housing Services will be on hand to guide you in the right direction.

For more information please call
Toni Jones at the BPDC office at (216) 671-2710.
Please bring your mortgage documents

Everyone is welcome to attend.

Other posts regarding foreclosures and mortgage issues:
Professor Kathleen Engel Discusses Predatory Lending at 'Meet the Bloggers' Session
Predatory Lending: What to Look Out For as You Search For a Home

Peace Out - 3C

Amtrak Comes Out of the Dark In Cleveland

Amtrak started morning train service to New York City yesterday! This is good news for weary riders who had to be night owls to do this in the past. Apparently the train is leaving Cleveland at 7am and you will arrive in New York (Penn Station) at 6:45 pm. This of course could be much faster if we get into the Three C Corridor Plan and the Hub Initiative but for now, it's great progress, imho. And not just mine.

Here is a quote from yesterday's PD article, written by Grant Segall: "It's good news for Cleveland," said Ken Prendergast, spokesman for All Aboard Ohio, a nonprofit group promoting rail travel. "We like to wake up at reasonable hours and ride trains at reasonable hours." And travelers will get some brighter views along the way. The route runs through New York's Mohawk Valley and Hudson Valley en route to Manhattan. "It's a scenic ride," said Sheldon Lustig, a railroad consultant in Mayfield Heights. (you can read about it here on the blog Cleveland vs. The World, as well as other info regarding Amtrak funding on the All Aboard Ohio website)

Want to be one of the first to do this? Here is the Amtrak train schedule; go ahead, get your ticket :-) Peace Out - 3C

Hoover Sold, Bought, Sold Again in January and Now Closing it's North Canton Doors

Do you own a Hoover Vacuum Cleaner? If not, you know the name, like the rest of us. Well, after 100 years in operation in Stark County/North Canton, it will be no more. As of September, Hoover will shut down it's plant and join Rubbermaid as a former Ohio manufacturing company. 100 years is a long time and this is sad news. The news report I heard (WKYC local news) said Stark County will lose 15 percent of their tax revenue when the 800 workers lose their jobs. Unless of course they can find new jobs in Akron. Can Akron absorb that many jobs? At least some of the employees were offered to keep their jobs and transfer to Texas. TTI Floorcare bought out the operation from Whirlpool a few months ago, and this is the result of that change in ownership.

TTI is building some kind of a research/development center in Solon which will employ about 100 people. That still gives us a deficit of 700 jobs. Sigh. You may also remember that Dirt Devil became part of the Hoover operations when TTI bought Hoover.

It's ironic. At the time, here is what TTI said: "...TTI is combining Hoover with its existing Dirt Devil operations in Glenwillow, Ohio. The company also will establish its global research and development facility in Glenwillow, adding a minimum of 110 new jobs during the next three years..."

And then: "We're proud to tell the world that Ohio is now home to TTI Floor Care, North America's largest floor care business," said Joseph Galli, Jr., chief executive officer of Techtronic Appliances Holding Co. Ltd., TTI's global floor care and appliances division. "We have had intensive and productive discussions with the State of Ohio over the past two weeks. State officials are concentrated on enhancing Ohio's economic health and in creating good employment opportunities for Ohioans. TTI is focused on bringing together the combined operations and brands of Dirt Devil and Hoover to create a strong and growing leader in the global floor care business. Our discussions have shown these goals to be in alignment." (two quotes provided by Lexdon Business Library's website) This was back in January, folks. Sigh, again.

Peace Out - 3C

Cuyahoga County Home Sales: Old Brooklyn

This is my last update of home sales for the day. It covers zip code 44109. It includes the portion of Old Brooklyn near State and Broadview Roads as well as the area near Spring Road and route 176:

22 Single Family Homes sold in March between the prices of $19,900 and $140,000. They were on the market an average of 74 days -- again, not long, just a bit over two months. The average Ask Price was $79,093 and the average Sale Price was $74,583. The average amenities for the sold homes were: 3brs, one bath and a two car garage. There were no condo sales in March.

On the market now: 179 Single Family Homes and 5 Condos (and one two family home misplaced in the condo section!)

***NOTE: if only five homes sold and there are 179 on the market with owners wanting to sell, there are things to take into consideration. A Realtor® colleague in Michigan came up with a terrific list of things that might be hard to hear, but if your home is up for sale, it's worth a read. I'm going to re-link it again here. Peace Out - 3C

Cuyahoga County Home Sales: Cleveland's West Side

Here are statistics for March 2007 home sales for zip codes 44102 (near the City of Brooklyn) and 44111 (including Westtown) and 44135 (Bellaire Puritas and Westpark):

44102: 5 Single Family Homes sold in March between the prices of $9,000 and $200,000. The average number of days on the market for these listings was 74. The average Ask Price was $51,750 and the average Sale Price was $46,733. Amenities? On average, 3Brs, one bath and a two car garage.

One condo sold; the asking price was $298,000 and it sold for $265,000.

What's still on the market? no condominiums, but 47 Single Family Homes.

44111: 18 Single Family Homes sold in March between the prices of $26,544 and $120,000. The average time on the market for these homes was 119 days. The average Ask Price was $66,388 and the average Sale Price was $63,444. Amenities? 3Br, one bath and a one car garage. No condos sold in March.

What's on the market? One condo and 123 Single Family Homes.

44135: 18 Single Family Homes sold between the prices of $45,000 and $155,000. They were on the market about 53 days, or less than two months. (This tells me they were priced right because there is plenty of competition). The average Ask Price was $87,250 and the average Sale Price was $83,995. Amenities? 3 Brs, one bath and a two car garage. No condos sold in March.

What's on the market right now? Four condominiums and 174 Single Family Homes.

Peace Out - 3C

Ohio City, Tremont Homes Sold in March 2007

This is for all of zip code 44113. The single family homes that sold were town homes (single family because they are owned in full by the owners, and are not condominium complexes). One was in Clarence Court and four were in Bergen Village.

There were Five single family town homes sold between the prices of $218,233 and $$465,873. The average length of time they were on the market was 187 days. The average Ask Price was $348,360 and the average Sale Price was $375,173 (new construction, so with add-ons or upgrades, the prices can go up). The five town homes averaged 2 Brs, 2 Baths and a 2 car garage.

There were two condominiums sold in March between the prices of $107,000 (for one in Grove Court, near the West Side Market) and $547,500 (in Stonebridge). They were on the market for 91 days or three months.

To put things in a bit of perspective: there are 70 condos for sale in zip code 44113 and 92 single family homes.

Peace Out - 3C

Lakewood, Rocky River Homes/Condos Sold March 2007

It's Saturday and the end of March, so it's time for housing sales information. Here is what sold in these two communities this month:

Lakewood: 33 Single Family Homes sold between the prices of $50,000 and $855,000. The average number of days these listings were on the market was 94, or just over three months. The average Ask Price was $ $176,484 and the average Sale Price was $155,721. Average amenities? 3 Br's, 2 Baths and a 2 car garage.

10 Condominiums sold between the prices of $39,500 and $300,000. The average number of days these condos were on the market was 142 (condos take a bit longer to sell in general, especially in a city like Lakewood where there are a lot of condo complexes). The average Ask Price was $143,410 and the average Sale Price was $132,990. Average amenities? 2 Br's, 2Baths and parking/garage for one car.

Rocky River: 17 Single Family Homes sold between the prices of $137,000 and $400,000. The average number of days these homes were on the market was 96 or again, just over three months. The average Ask Price was $246,182 and the average Sale Price was $231,764. Amenities? 4 Br's, 2 Baths and a 2 car garage.

5 Condominiums sold between the prices of $55,260 and $232,000. They were on the market about 130 days. The average Ask Price was $ $134,860 and the average Sale Price was $123,152. Amenities? 2 Br's, 2 Baths and parking for one car.

Here are a few more statistics to keep in mind. It is definitely still a buyers market. What's listed for sale now?

Rocky River: 116 Single Family Homes and 109 Condominiums
Lakewood: 288 Single Family Homes and 117 Condominiums

Peace Out - 3C