Jeff Benson Sr. Loan officer

Free CE with lunch!

Good stuff right here!

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📢 Attention Lorain County Residents! 📢

2024 property valuations are now available!

We will be hosting informal meetings from August through early September to assist residents with any questions or concerns about their new valuations. Each resident will be assigned a specific location based on where their property is located.

The first wave of letters will be sent out on Tuesday, July 16, 2024, for property owners who reside in Elyria City, Elyria Township, and North Ridgeville so please look out for their arrival.

We are committed to assisting you in understanding your property valuations. For instructions on how to view your valuation and access the schedule for our upcoming informal meetings, please visit auditor.loraincounty.com/auditor/.

Thank you for your cooperation, we look forward to serving you!

https://m.facebook.com/story.php?story_fbid=995315369269063&id=100063718281556

Lorain County residential property values to rise an average of 31 percent this year The sexennial — every six years — reappraisal is a house-to-house, parcel-to-parcel effort to determine the value 171,000 residential, agricultural, commercial, and industrial property parcels in the county.

Am I the only one that loves charts like this and the breakdown of each state?

Good Cuyahoga county information!

x.com

Interesting chart!

Interesting!

This is so true! I’ve been there! As a loan officer we have our own problems!!

I know we all struggle with time management here are some good tips to try!

Updated stats on home buyers!

Grants for Grads includes 2.5% or 5% down payment assistance. Down payment assistance is forgiven after five years as long as you remain in the state of Ohio. If you sell your home and move out of Ohio within five years, you must repay some or all of the assistance provided. Borrowers must have graduated within the last 48 months with an associate's, bachelor's, master's, doctorate or other post-graduate degree from an accredited college or university. Rates are very good with assistance available!!

This is awesome! So glad I was able to help even though I didn’t get the loan. I have solutions that can help agents close loans even if I am not the one doing the loan. I will help your clients no matter what!!

I wanted to make sure everyone was aware that VA announced yesterday that they would permit veteran purchasers to pay agents in VA transactions (at least on a temporary basis).
At the MBA Conference in New York, VA announced they will be publishing a Circular before June 12th. See article below.
VA to issue temporary measures addressing Realtor commissions
The U.S. Department of Veterans Affairs will temporarily loosen policy restrictions regarding commission payments that put buyers using its loans at a competitive disadvantage.

Changes emerging from a high-profile case regarding several real estate brokerages and the National Association of Realtors have upended common practices in determining broker commissions. Under current regulations, commissions are prohibited for VA loan originations, which given the shift, could lower the value of those offers in the eyes of Realtors and agents.

In an announcement made Tuesday during a panel at the Mortgage Bankers Association's Secondary and Capital Markets Conference in New York City, the department said it would soon release a circular aimed at temporarily removing the restrictive language until a new policy can be enacted.

"We knew that at some point that we want to protect veterans as much as possible," said Michelle Corridon, VA's deputy director, policy. "We want them to be able to exercise their right in the marketplace to buy a house."

Between now and June 12, the VA will issue a circular to give it "a temporary bridge" to remove that language.
"That's the heart of the circular, and then we will start rulemaking, and that'll be the full set of rulemaking, proposal, comment period," she added.

Following an initial verdict ruled in favor of the plaintiff in the case that is commonly referred to as Sitzer/Burnett that involved several real estate brokers, some defendants, including Remax, Keller Williams and Anywhere saw their settlements approved earlier this month.

After the first settlements were announced earlier this year, trade groups representing the mortgage industry, including MBA and Community Home Lenders of America, called on regulators to immediately address the impact new rules would have on VA borrowers.

In a statement published after the panel, the MBA welcomed the announcement.
"As we have stressed previously, failure to act would put VA buyers at a significant disadvantage — especially in today's tight inventory market," the trade group

Call me this weekend and I can take care of all buyers out there! Call me for the free money!! Yes we have it!!

https://rickmisencik.russellrealty.com/details/?mls=192&mlsid=5031312

Click on the image to read the full article!

www.listreports.com

Stop throwing your money away on rent and start building equity in your own 'home sweet home'! 🏡💰 Contact me today to make your dream home a reality. 🙌🏼

www.listreports.com

Good information on who needs to sign in a real estate transaction!

Here's some good news on this beautiful Tuesday afternoon...Fannie and Freddie have announced that if a seller pays the buyer's agent commission, it does not have to count against the maximum seller contribution. The FHA said they agree, and the VA is expected to follow suit. I'm sure there is more to come, but wanted to share.

Would you or your buyers like free grant money?? 8 out my last 10 closings have qualified for this program. The money can be used for closing costs or down payment!! Keep this in mind when buyers think they may not have enough money to close on a home. Call with any questions!

www.listreports.com

I love my buyers!! So glad I was able to help!!

www.experience.com

So happy helping first time buyers!

New ★★★★★ 5 Star Experience.com Review by Kaleigh P Click to see all 15 reviews of JEFF BENSON, SR Loan Officer

I was so excited to help Adam with his purchase. I've known him for over 20 years and was his JV baseball coach. Time sure does go fast.

New ★★★★★ 5 Star Experience.com Review by Adam W Click to see all 17 reviews of JEFF BENSON, SR Loan Officer

Create new memories in this beautiful home.

219 Indiana Avenue Lorain, OH 44052 WOAH! You have to check out this ginormous 4 bdrm colonial one block south of Lake Erie! Seriously, this beauty has charm, space, handsome built ins, hardwood floors, a full basement, and so much more! A first floor master and a first floor bath too! Original woodwork and glass windows- all untouche...