Review of Swan Pointe Condominiums Louisville, KY

  Swan Pointe: This condominium complex is located off Ellingsworth Lane in Louisville. From downtown Louisville, take I64 east to the northbound Blankenbaker Road exit. At the first light turn right on Ellingsworth Lane. Follow about ½ mile to the subdivision entrance on the right.   General Description: This complex was built around 2000 and […]

Condo Review – Coppershire Condominium Homes Louisville, KY

  Coppershire is located on Lake Avenue, which intersects Mellwood Ave about ½ mile west of where Mellwood connects with Zorn Avenue. The simplest directions are to take the Zorn Avenue exit from I-71 and head south to the first possible right, which is Mellwood Avenue.   General Description: This development, which was originally an […]

Downsizing Options: Condo Review – Pinehurst Green Louisville, KY

  Location: Pinehurst Green is located in eastern Jefferson County off of Hurstbourne Parkway between Dorsey Lane and Route 146 (La Grange Rd). Follow Hurstbourne Parkway north to a right turn on Morat Ave, which is just .2 miles beyond the intersection of Hurstbourne and Dorsey Lane.   General Description:  This patio home complex, which […]

Review of Highwood Condominium Association Louisville, KY

  Highwood Condominium Association: Located off of Mellwood Avenue about 1/5th of a mile from the intersection of Mellwood and Zorn Avenues. General Description: According to the Master Deed, this complex was built in the early 1980s and consists of eight, secured, two story, brick buildings holding 128 individual units. Each unit is a 1-bedroom […]

Two New Federal Regulations That Will Harm the Housing Recovery.

  One part of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) was the creation of the Consumer Financial Protection Bureau (“CFPB”). This bureau was created in an effort to ensure that financial products and services work well for consumers. According to the USA.gov website the CFPB “..helps consumers by providing educational materials […]

Saving Your KY Home From the Chopping Block. Can a Mortgage Modification Help?

  It has been since around 2009 that there was positive news about the Kentucky real estate market, when it was reported that the number of foreclosures went down by 20%. However, since then there has been a gradual rise in the number of foreclosures with lenders sustaining huge losses, due to the inability of […]

Home Prices, Sales & Inventories – Condos, March 2013 Louisville KY

  The latest MLS Sales and Inventory Report for Condominium & Patio Homes (excludes single family homes) located in eastern Jefferson County is shown below.   1. Unit sales of 79 remained consistent with the depressed unit sales levels which began in November of 2012. Although there was a slight bump from February’s level of […]

Steps Involved in Buying a Home – Part 1.

  The primary steps in buying a home are listed below.  ·        Getting preapproved for a mortgage; ·         Finding an experienced Realtor; ·         Searching for your home; ·        Conducting due diligence; ·        Writing an offer; ·        Negotiating the contract; ·        Conducting inspections and requesting repairs; ·        Inspecting the repairs; ·        Navigating the lender’s appraisal; ·        […]

Consumer Finance Protection Bureau – New Mortgage Lending Standards

Today, the Consumer Financial Protection Bureau (CFPB) issued the final rules designed to strengthen consumer protections for “high cost” mortgages. Here’s the link. http://1.usa.gov/UDjmpM   The CFPB designates non-high cost mortgages as “qualified mortgages.” The CFPB has offered lenders two ways of assuring a loan is a qualified mortgage. A loan will be judged as […]

Consumer Finance Protection Bureau – Preview of New Home Lending Standards

As reported in the January 8, 2013 edition of The Wall Street Journal, the new federal Consumer Finance Protection Bureau is expected to issue new home-lending rules this week. The purpose of the new rules will be to prevent future real estate bubbles and outlaw the somewhat exotic loan products that some blame for the […]