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Knox County Ohio Real Estate Information Archive

Sam Miller


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What is a Short Sale?

by Sam Miller

Real estate foreclosures in Knox County, Ohio are on the rise.  Due to the increase in unemployment, I believe it is realistic that home foreclosures will continue to increase until the job market rebounds.  Home foreclosures can cause serious stress and these types of financial challenges are one of the biggest factors influencing the increased divorce rate among married couples today.

Did you know that a high percentage of the homes that are foreclosed on could have avoided foreclosure and the owner could have sold the home through a REALTOR?  This is where the term Short Sale comes into play.

The Short Sale Explained.  (Just click the play button) 


In today's current housing market, many people owe more on their home than their home is worth.  There are many reasons a homeowner may owe more on their home than it is currently worth and here are some examples:

  1. This may have happened because the value of the home simply dropped.
  2. They refinanced their original loan and rolled the closing costs into the new loan.
  3. They may have added a home equity loan and financed the closing costs into the loan.
  4. They did a cash out refinance to pay off other consumer debts, vehicles and credit cards.
  5. Many owners refinance to pay unexpected medical bills or funeral expenses. 
  6. Divorces, in many cases, create the need to refinance a home when one of the spouses wants to maintain ownership of the home and often at that point they are required to remove the ex spouse from legal ownership and financial obligation.
  7. There are dozens of reasons why someone might owe more on their home than it is worth and in many cases it could even be a combination of any of the items listed above.
If you are looking for honest answers AND solutions when you are wanting to sell your real estate I can help.  It doesn't matter whether your specific situation requires a short sale, a distressed sale, divorce, an estate or any other reason. I have the experience and the systems required to help you.  If you know someone who you think could benefit from the video and information feel free to use the "Share This" feature that is listed below.

Sam Miller
(740) 397-7800 or

How to Avoid Foreclosure in Knox County OH

by Sam Miller

If you have a mortgage on your Knox County OH home, you have probably been paying close attention to the latest interest rates and are aware of the ongoing rise in the foreclosure rate across America. 


What would you do if you were actually faced with the prospect of foreclosure?  Would you have the information needed to make an informed decision on your financial future?  Many homeowners think it can or will not happen to them, so they do not take the time to learn what the options are on the best way to move forward in a stressful situation such as foreclosure.


This article from outlines the terms associated with foreclosure and gives a good starting point with steps to take if you think you may soon be unable to pay your mortgage.  Some of the topics covered in this helpful article:

  • What to do if you can not pay your mortgage
  • What if you can no longer afford to keep your home
  • Beware of scam artists

I would like to add to the list of steps to take when facing foreclosure – contact an experienced Realtor!  Along with a reputable lender, an experienced Realtor can help explain your options and guide you through the choice that is best for you.


For more information about Knox County OH real estate, please call me today at 740-397-7800 or visit, I would be happy to help you.  You may also begin searching the MLS here!

Displaying blog entries 1-2 of 2