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Oldest House in Cincinnati?

I just walked what seemed to be the oldest house in Cincinnati today! It was amazing! Cracked plaster everywhere, but it was still intact. The rooms had 12′ ceilings and 10′ doors! Here are some photos of the transom windows which was an amazing spectacle. It is a mechanical system that with the pull of…

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Appraisals : a fail safe in the Buyers process

I just represented a client on a house in Anderson which we had under contract, inspected and then it fell apart because of a “short” appraisal. They call it short because it came in under or short of the contracted purchase price. The house was a renovated ranch in an area of renovated ranches. It…

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Is 3.5% Downpayment enough Skin in the Game?

You may think Im an elitist if you read my article Cut FHA PMI- Housing Market going in wrong direction. You’re half right. The fact is that you’re able to purchase a house with little money down is not a problem, its leveraging debt to income and the Lending environments rule. Leverage is a wonderful…

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Cut FHA PMI- Housing policy going in wrong direction

  Stories like this make people who don’t own property happy. It should make people who own property nervous. Why? The economic tool used to allow people with less than 20% down payment to buy a house is called PMI, private mortgage insurance. The insurance policy is property specific and it is in place until…

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