Breaking News: Gigantic Pot Of New Cash To Help (1) Homeowners Facing Foreclosure (2) Buyers of Foreclosed Homes

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Get That Cash! As part of the National Mortgage Foreclosure Settlement, Mayor Greg Fischer and Kentucky Attorney General Jack Conway jointly announced on July 30, 2012 that $3.2 million of the $19.2 million Kentucky received as part of the National Mortgage Settlement will be used to help rid Louisville of vacant and abandoned properties in targeted

Fire Your Land Lord – New Down Payment Money Available For Buyers!

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NEW MONEY AVAILABLE FOR DOWN PAYMENT ASSISTANCE As we reported in an earlier blog, Kentucky Housing Corporation (KHC) received $3,000,000 from the National Mortgage Foreclosure Settlement Fund to offer a new mortgage program for down payment and closing cost assistance (DAP). This program is only available untiul these funds are gone. The terms being offered

Louisville Market Shrinking – Good News For Sellers – Not Yet Too Late For Buyers

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Past Market Trend.  Back in April I wrote that there were 3 data pieces which, read together, indicate strongly that as of April 9, 2012, the Louisville housing market is improving for sellers: 1.     The median list price is trending strongly upward 2.     The asking price per square foot is trending strongly upward 3.     The average