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PHH Mortgage CitiMortgage

1st mortgagee, PHH is requiring Citi, 2nd Mortgagee to provide Deficiency Waiver. PHH is giving defiency waiver. Borrower is investor recently discharged from bankruptcy. Citi, who is getting the usual $6,000 says no.

Since PHH is not giving waiver out of the goodness of their heart I'm assuming the borrower bankruptcy is the reason. If so anybody have an opinion why Citi is unwilling?

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The real estate downturn of the mid-2000s is mostly over and the market is heating up, with prices rising in all over the U.S. In Wisconsin, the real estate market might be even healthier than in other locales, with new and existing home prices expected to rise 2.4 percent by early 2016. It might just be the perfect time to buy, but before you make any offers, you need to do a little planning to make sure you can pay out over the long run, especially if it's your first home.

Get Your Financial Ducks in a Row

Get All Your Rubber Ducks In A RowDo you have good credit? Do you know what good credit is or the factors that affect your credit? Have you had late payments, bankruptcies, judgments or other liens? If the answer is yes, the first step is to work on your credit score and report. Up until just recently, access to your credit score and full report was granted after putting down credit card info for a "free trial." that you would have to cancel right away to avoid a costly fee. Now, you can access your score and report for free, so there's no excuse for not knowing what's happening with your finances. Your FICO scores are ordered separately, usually for a nominal fee. Check it for discrepancies or old information. Much of the time you can contact the lender directly to resolve these issues. Or, contact the bureau and use their dispute resolution process. Most mortgage loan programs require a 640 score or higher, so fixing errors or having old information removed can make a big difference.

Do You Have Funds?

Do you have money for a down payment or closing costs? If not, how long will it take you to save? Start now. Make a commitment to stash funds away each month to help you meet your goal. Some loan programs are still available for 0% down but watch out for those; if the market should falter again you don’t want to owe more on the home than it’s worth. It also goes without saying that you want to refrain from big purchases that require credit, such as buying a new car, until after the home purchase process is over.

Are You Homeowner Material?

Owning a home is touted as a big factor in achieving the American dream, but it's not for everyone. Ask yourself:

Am I prepared for expenses like home repairs and landscape maintenance? Am I at risk for job relocation? Am I able to stay in one place for three to five years?

Talk to a Lender First, Not a Realtor

Resist the urge to call your realtor first. Instead, speak with a lender or two to find the best program. There are many loan products and even more lending institutions so it's worth shopping around for the lowest rate. A good lender will also advise you on the best ways to protect your credit while you a preparing to buy a house, which might include ID monitoring and credit report monitoring to ensure that someone else isn't using your good credit or your identity while you working on purchasing your home.

Use a mortgage worksheet to keep track of the information you receive from various lenders. It can be a dizzying amount of numbers and differences so keeping them in one place is important. When you are within 60 days of purchasing, your lender will issue a pre-approval letter for the amount you qualify for. Now you can call your Realtor and look for your dream home.

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Can franchising be the turning stone in the financial progress of Australian investors?

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Reveal the story behind the over 90% prosperity in the Australian franchise sector and discover how becoming a small business owner developed into a winning strategy for ambitious entrepreneurs around the country. In the past few years, the evolving franchising industry of Australia have accelerated a wave of entrepreneurial minds streaming with great force towards finding success in the world of small business ownership. Franchising campaigns find thousands supporters each year increasing the number of franchising businesses in Australia up to 1180 in comparison with the 693 franchise systems which have been registered until 1998.

With over a little less than 100% prosperity in the sector and sales turnover estimated in more than 131 billion Australian dollars, buying a franchise has become a top preferred strategy by businessman across the country. Expanding Your Ideas Yet, not all franchising initiatives end with a rate-busting profit. According to the 2012 Australian Franchise report, a top challenge for the franchising sector of Australia continues to be maintaining standards in system processes. Without a proper strategy of success, most startups are doomed to failure. Exceptions can be made for enterprises working in the top industry categories such as retail trade, accommodation and support services, such as aged care and home cleaning franchises. The inexhaustible capacity of these markets offer 96% return of the investments for a short period of time. Becoming a franchisee is a journey of the entrepreneurial mind which reflects the transit of innovative business ideas to the railhead of success.

The obstacles which franchising investors meet along the long road of getting their business off the ground, builds a strong basis of experience. With a clear idea, high motivation and a pinch of confidence, the competent and persuasive franchisees will be able to push their startups out of the void of uncertainty which covers the outset period of three to six months prior to setting up a franchising business. Despite the vacillation, which comprises first-time investors and the size of the Australian market, the Griffith University research indicates that industry competition, uncertainty and franchisor cash flow are the least of the challenges which the Australian franchise sector creates for new business owners. Regardless of the 90% prosperity of the franchise industries in the country, one of the biggest challenges for the sectors remains the recruitment of franchisees. Yet, the university report shows a net growth in the franchise systems in the continent of nearly 15%.

The in depth researches and case studies of leading franchisors in Melbourne and Sydney, show the years after the Global Financial Crisis have been perfect time for investing in already established business and buying a franchise. Although, the region of Victoria and New South Wales offers a great number of businesses for sale, investing in retail and cleaning franchises remains a top winning strategy for most Australians. Whether or not a certain business is going to hit top-selling rates is a matter of motivation and innovative thinking. Every business, no matter how small it is, has availability of prospective. The question is, are you willing to give your best in order to become a successful business owner?

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Welcome-to-Wisconsin-300x225.jpg?width=280Home Sales and Median Prices Grow Substantially in March

The Wisconsin housing statistics are in for the month of March, 2015. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:


~~~~~
The Wisconsin housing market grew substantially in March, with both home sales and median prices increasing at a robust pace over the past year, according to the most recent analysis of the statewide housing market by the Wisconsin REALTORS® Association (WRA). Home sales increased 16.1 percent in March 2015 over March 2014, and median prices rose 8.8 percent to $149,000 over that same period. For the first quarter of 2015, existing home sales were 6.7 percent ahead of the first three months of 2014, with median prices in the first quarter up 7.6 percent compared to the first quarter last year.

The market is definitely heating up, and it couldn’t come at a better time as we move into the prime homebuying season,” said Dan Kruse, chairman of WRA board of directors. In a typical year, about 27.1 percent of homes sell in the spring months between March and May. “The economic fundamentals of the housing market have been good for the last several months, and we were expecting solid growth this spring, but double-digit sales growth is impressive,” said Kruse.
~~~~~

Below are the number of Home Sales and Median House Prices for the state of Wisconsin, Dane County, and Rock County. These stats include Janesville and Madison. Feel free to contact me if you have any questions pertaining to these figures. This month both Dane & Rock County's home prices & home sales increased significantly, year over year! If you are thinking of buying or selling, the market is REALLY heating up! Dane County home prices are up (7%)!, while Rock County prices are up (17%)!!!, year over year.


Housing Statistics for the State of Wisconsin:

March 2015
Home Sales: 5,441
Median Home Price: $149,000

March 2014
Home Sales: 4,672
Median Home Price: $137,000

Housing Statistics for Dane County, WI:

March 2015
Home Sales: 601
Median Home Price: $220,000

March 2014
Home Sales: 505
Median Home Price: $205,000

Housing Statistics for Rock County, WI:

March 2015
Home Sales: 188
Median Home Price: $122,500

March 2014
Home Sales: 152
Median Home Price: $103,950

View my report from last month. Wisconsin February 2015 Housing Statistics


Thinking of purchasing a home before prices or rates rise any further? We'd be happy to show you any homes currently listed for sale. Take a look at all available MLS listings below:

Madison Area Home Search   Janesville Area Home Search


With the recent home price increases, now might be the right time to sell your Wisconsin home. Take advantage of your increased equity! Feel free to take a look at our cutting edge Rock Realty Marketing Plan! If you would like some insight into how much your home is currently worth, we would be happy to provide you with a report that gives a close estimate to what your home might sell for in your current local Wisconsin real estate market.

What's your house worth in today's market?

 

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Welcome-to-WisconsinHome Sales and Median Prices Grow in February

The Wisconsin housing statistics are in for the month of February, 2015. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:


~~~~~
The Wisconsin housing market showed signs of modest improvement in existing home sales in February even as median prices continued to grow at a robust pace, according to an analysis of the statewide housing market by the Wisconsin REALTORS® Association (WRA). Home sales in February 2015 grew 1.8 percent compared to February 2014, and median prices increased 6.1 percent to $137,900 over that same period.

We know the months between December and February are traditionally low-volume months for home sales in Wisconsin, so it’s good to see some improvement over last year,” said Dan Kruse, chairman of WRA board of directors. Comparing December 2014 through February 2015 with that same period in the previous year, winter sales are up about 1.2 percent. “While the state is moving in the right direction, it’s important to remember that sales last year were hampered by very cold temperatures, and so this is really only a slight improvement,” said Kruse.
~~~~~

Below are the number of Home Sales and Median House Prices for the state of Wisconsin, Dane County, and Rock County. These stats include Janesville and Madison. Feel free to contact me if you have any questions pertaining to these figures. This month both Dane & Rock County's home prices increased significantly, year over year, yet again! Dane County still showed an increase of total number of home sold, while Rock County was down slightly, year over year.


Housing Statistics for the State of Wisconsin:

February 2015
Home Sales: 3,482
Median Home Price: $137,900

February 2014
Home Sales: 3,419
Median Home Price: $130,000

Housing Statistics for Dane County, WI:

February 2015
Home Sales: 355
Median Home Price: $215,000

February 2014
Home Sales: 341
Median Home Price: $195,000

Housing Statistics for Rock County, WI:

February 2015
Home Sales: 92
Median Home Price: $111,500

February 2014
Home Sales: 110
Median Home Price: $97,750

View my report from last month. Wisconsin January 2015 Housing Statistics


Thinking of purchasing a home before prices or rates rise any further? We'd be happy to show you any homes currently listed for sale. Take a look at all available MLS listings below:

Madison Area Home Search   Janesville Area Home Search


With the recent home price increases, now might be the right time to sell your Wisconsin home. Take advantage of your increased equity! Feel free to take a look at our cutting edge Rock Realty Marketing Plan! If you would like some insight into how much your home is currently worth, we would be happy to provide you with a report that gives a close estimate to what your home might sell for in your current local Wisconsin real estate market.

What's your house worth in today's market?

 

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12433934659?profile=originalGood grief!  Two notes..ok, I know it's going to be difficult, but so what?  Shorts Sales are never a slam dunk, and I've done so many now that that just didn't deter me. 

The first is with OCWEN, who have become much easier to deal with.  It's the second that have caused me problems.  Real Time Solutions..aaargh!!  So vague, and so not interested in making things clear or following up.

Good news???  After 7 months, we are set to close 3/30/15!!  Whoopee!!

Short Sales do require tenacity and constant follow up, and even then...imagine a 7 month Escrow!  At least I've got a good buyers' Agent and her buyers never quit.  They are getting a nice property at a good value....FINALLY!!

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What is the Purpose of an Appraisal?

 

A mortgage has many specific pieces involved in it. Obviously there is the money supplied by the lender to pay the seller for their asking price. There are also many other items such as the title report and title insurance, a survey (sometimes), proof of homeowner insurance policy and an appraisal. An appraisal is actually one of the more important pieces and yet it still brings questions from buyers and sellers alike.

Required by the Lender

First and foremost, if a home is being purchased through the use of a mortgage then the lender will require a formal appraisal. A licensed appraiser works independently of the real estate agent and the lender to ensure that there is no undue influence on the process. The appraiser’s report will indicate if the home is worth the asking price.

Appraisal ordered after a Selling Price has been negotiated

The appraiser is contacted after the real estate agent(s) and all associated parties have worked out a price for the home. The appraiser will look at the contract along with a host of other items such as

* Square footage of the home

* Local property taxes for the home

* When the home was built

* General shape and condition of the property

* Average sales price of similar homes in the area

The price for the appraisal depends on the area of the country. Sometimes the appraisal fee is paid by the borrower up front and other times it may be paid as part of the closing costs.

Wise to Inspect First and Appraise Second

In an ideal world the buyer of a home would hire a home inspector to review a property before the home is appraised. The job of an inspector is to seek out any potential problems with the property. This can be as simple as finding a loose door knob to as complicated as finding out the entire heating and ventilation system needs replacing. Once the inspector has looked at the home the appraiser can approach the property with some idea of any possible short comings of the home and assign the correct value to the home. In a worst case scenario an inspection could lead a buyer to cancel a contract and look for a different home.

The Journey of the Appraisal

Once the appraiser has finished the report a copy will be sent to the mortgage lender and possibly the real estate agents. If the buyer paid for the appraisal up front then they too will get a copy when it is complete. Otherwise, the buyer will receive a copy at closing.

The lender, whether it is a bank or local mortgage company, will have their own process to review the appraisal and ensure the numbers look accurate. If the value of the home is much lower than expected then the lender may cancel the loan. On the flip side, if the home is determined to be worth more than the asking price then the buyer will have instant equity.



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Chase short sale, FHA investor - Help!

I think Chase has gone off the rails, I have been working on this short sale since June, Chase wants appraised value, which of course if high.  The problem they are so understaffed they keep ignoring the file or kicking it out.  I have an offer in and they have turned down an offer and one has walked because of the repairs needed on the home.  I went to OPS and they told me the reason it is taking to long to respond is because each agent has over 200 files to work!  I was told by another real estate agent to go directly to FHA but I don't have a contact number, does anyone know that number?

Thank you in advance! 

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SEEKING FAMILIES IN FINANCIAL TROUBLE

Is Your Family dealing with a financial crisis?

New TV show for SPIKE TV may be able to help.

Looking for families who are living above their means , downsizing , maxed out, or facing foreclosure of home or business . 

Corporate strategist and fortune 500 Business Strategist, Victor Antonio, will meet and help families who are facing a fiscal calamity.

With a mix of expert guidance and tough love, Antonio will work to help the family out of their monetary pit.

If this describes your family, please email mrwelch23.gsd@gmail.com or give us a call.
Include your name, location, contact information and a photo. Also please describe your current situation.


You can also call 3 2 three 8 two two 4 four 8 two.

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How is the short sale process different for a homeowner versus a rental property? Is the owner of a rental property more likely to have a deficiency judgment and/or be taxed on the deficiency than a someone short selling their own home? Brett."

Here was our answer to Brett's question Yes, short selling a rental property is much different.

(The scenarios below are for a property you bought as a rental, not a property you bought to live in and then started to rent out.)

1. Deficiency.</strong> In most cases, you will not be dealing with the lenders who will allow you to walk away from the debt. Lenders are going to ask for a promissory note or deficiency much more often on a rental.

You can still short sell without a deficiency, but it won't be as easy to do it.

2. You are more likely to owe income taxes.</strong> Uncle Sam isn't giving you the same break on cancellation of debt income waiver that a normal homeowner gets.

Check with your accountant on methods that can help you wipe out even this debt.

Thinking about a short sale? I can help you short sale your property and get back on your feet. Send me an e-mail at :donnabishoprealtor@gmail.com I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (239) 560-3149

Thinking about a loan modification? Our Cape Coral loan modification kit has the instructions you will need to get a loan modification approved with your bank. <a Click here to request a copy.

Thanks for reading this, Donna Bishop.

Donna is a Real Estate Broker at Jones & Co. Realty.

former Owner/Broker of A & B Mortgage Brokers of Florida

CapeCoralShort Sales.info

CapeCoralHomes.info

DonnaBishop.ListingSpy.com

Phone: (239) 560-3149. email to:donnabishoprealtor@gmail.com

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View My homes for sale at DonnaBishop.ListingSpy.com

Donna Bishop specializes in loan modification assistance and short sales in Cape Coral Florida. Cape Coral Loan Modification Help. Cape Coral Loan Modification Help. Cape Coral Short Sales Cape Coral FL Short Sale Cape Coral Short Sale Realtor Cape Coral FL Short Sales. Cape Coral Realtor.




Donna Bishop, Jones & Co. Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Donna's personal views and do not reflect the views of Jones & Co. Realty.

This information on Cape Coral Short Sale Question: How Is Short Selling A Rental Different From Your Personal House? is provided as a courtesy to our viewers to help them make informed decisions.



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Welcome-to-Wisconsin-300x225.jpg?width=300January Home Sales Fall as Prices Continue to Rise

The Wisconsin housing statistics are in for this January of 2015. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:

~~~~~
Existing home sales fell in January but median prices rose at a healthy pace, according to the most recent statewide housing market analysis by the Wisconsin REALTORS® Association (WRA). Home sales in January 2015 fell by 3.7 percent relative to January 2014, while median prices were up 6.5 percent to $135,000 over the same period.

January is typically our slowest month for home sales, so it’s important to keep this decline in perspective,” said Dan Kruse, chairman of WRA board of directors. A typical January accounts for just 4.8 percent of annual sales in Wisconsin. “With such a small base of sales, a 3.7 percent difference is only 125 fewer sales this January compared to January 2014,
~~~~~

Below are the number of Home Sales and Median House Prices for the state of Wisconsin, Dane County, and Rock County. These stats include Janesville and Madison. Feel free to contact me if you have any questions pertaining to these figures. This month both Dane & Rock County's home prices increased significantly yet again! Both counties were also an exception to state results and had an increase in the number of homes sold, year over year.


Thinking of purchasing a home before prices or rates rise any further? We'd be happy to show you any homes currently listed for sale. Feel free to visit either site below:

Rock County Homes 

Dane County Homes.

With the recent home price increases, now might be the right time to sell your Wisconsin home. Take advantage of your increased equity! Feel free to take a look at our cutting edge Rock Realty Marketing Plan! If you would like some insight into how much your home is currently worth, I would be happy to provide you with a report that gives a close estimate to what your home might sell for in your current local Wisconsin real estate market. Click below:

What's My Home Worth?

Has your home value fallen below what you currently owe? Have you experienced a hardship like divorce or job loss? A short sale may be right for your situation. Visit our distressed property page for more information.

Wisconsin Short Sales


Housing Statistics for the State of Wisconsin:

January 2015
Home Sales: 3,257
Median Home Price: $135,000

January 2014
Home Sales: 3,375
Median Home Price: $126,799

Housing Statistics for Dane County, WI:

January 2015
Home Sales: 336
Median Home Price: $214,750

January 2014
Home Sales: 292
Median Home Price: $205,250

Housing Statistics for Rock County, WI:

January 2015
Home Sales: 110
Median Home Price: $106,950

January 2014
Home Sales: 98
Median Home Price: $98,950

View my report from last month. Wisconsin December 2014 Housing Statistics

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How to Winterize Your Real Estate Business

12433933672?profile=originalReal estate agents are small business owners trying to earn an income and gain wealth. They have to steer their business through rough waters, deal with decreases in commission, handle difficult clients and compete with hundreds of other agents in the industry. You need a road map for success so you don’t get lost.  This article will show you how to winterize your real estate business.

Throughout the winter months, it’s cold, but your business doesn’t needs to! The general consensus in the industry is that agents experience a “slow down” time.  Buyers and sellers want to enjoy the holidays and not be trudging through the cold and the snow.  However, here are a few things real estate agents can do to prepare their business for this downtime.   

Agents can infuse “warm-weather” strategies into their business at this time.  They need to convince buyers and sellers that contrary to popular belief, winter months really are a good time to buy or sell. 

Here are a few tips on how to winterize your real estate business and convince buyers and seller, who would otherwise wait for spring, to buy and sell during the winter: 

 

Revive your market data

Debunk slow market myths.  Revive your local market statistics.  Show your sellers data that will support the fact that for the past few years the seasonal decline in the winter market is over-played.  Buyers who are looking in the winter are just as serious about signing on the dotted line as their fair-weather contemporaries.

 

Enhance and update your photos

During the summer months, curb appeal is one of the key components to drawing buyers.  A warm and appealing front yard can be used as a featured piece.  However, this tactic bombs out when it’s cold outside. Help your buyers and sellers use their “five senses” with your listings:  (1) make your photos look warm and inviting by using seasonal colors and holiday décor to create an amazing front yard to convince buyers that a home is worth viewing; (2) play holiday music in the background when they view your photos and the house; (3) make sure that when they view the house, stage fresh baked goods, mulled cider and scented holiday candles, just to name a few.

After you’ve re-staged the outside and inside of the house with holiday décor and call your professional photographer. The updated photos should show the interior of the home is worth looking at.  The more features you can show, the better chance you have of influencing buyers to view and purchase the home.

 

Sharpen Your Focus During This Time

Sharpen your focus on Expired and FSBOs during this time. When you go on a listing appointment in the winter months, offer free staging as a “winter selling bonus” if you think you might have to compete for the listing. A winter selling bonus of free staging can put you ahead of your competitors to get the listing and will present the home as a front-runner among potential buyers.

 

Warm The Chill On An Overpriced House

Sellers are may be anxious about listing in the winter and they want to set their price at $50,000 above the market analysis to see what happens…not good!  In order to sell a home in the winter, you have to list it at the right price.  As their agent you don’t want the listing to sit for the whole winter without an offer because it’s overpriced. Unrealistic pricing is a sure fire reason for the sellers to dump you and re-list with your competitor in the spring. It is imperative that you make sure your sellers understand that the right price will warm the chill and attract serious buyers who are willing to purchase it.

There are many other innovative ways on how to winterize your real estate business. Basically is boils down to being realistic and working smart. The best tactic of all for real estate agents during this time also is not to forget to go back to basics.

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Update Hubzu - Ocwen

So last week the house was broken into. The copper pipes were stolen from the basement only. We are still waiting for Hubzo to approve the application to post the house. We have been ready to close for months now. This could have been avoided if they accepted the offer months ago. Now we have to decide if we want to pay to replace the pipes be cuase the homeowners insurance policydoes not cover theft. This sucks. Ocwen has had the file for months
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Finding the Elusive Starter Home

Finding that Elusive Starter Home

Starter-Home-300x169.jpg?width=300The past few years have brought several changes in the real estate industry. The housing bust of 2006-08 led many people to either sell or walk away from their home. As the market is continuing to rebound, many investors have scooped up homes at affordable prices and are offering them as rental properties. In addition, other investors have bought homes at discounted prices with the sole intention of selling them at near-full value for a profit. So the question remains; how does a first time homebuyer find an affordable starter home?

Consider a Different Location

Too many times a young person or couple will buy a home in hopes of expanding their family. That leads to choosing a home that is convenient to good schools, nearby shopping and plenty of entertainment activities. However, for people that may be a few years away from starting a family, the location should be different. Buying a home within the city limits, for example, where the owners can be extremely close to work, could be a better fit.

Consider an Older Property

Younger people often get caught up in the dream of buying a new home and settling in with the smell of fresh paint and recently rolled carpet. However, new homes usually have a much higher price than older homes.

While it is true that an older home may either need a bit of repair before purchase or more maintenance compared to a newer home, the savings in purchase price can often offset the repairs and maintenance expense. In addition, young ambitious people may be able to tackle some, or all, of the maintenance and repairs on their own which can save them more money in the long run.

Tone Down Expectations

A starter home is simply a way for most people to get experience with the entire home buying process. This means that potential buyers should look at the home as a learning experience. Most individuals can get by with far fewer amenities than what they are accustomed to. Or, instead of giving up nice amenities, it is possible to buy a much smaller home and save up for a bigger home in the future.

Have Financing in Order

Since there seems to be a bit of competition for starter homes it is wise to have the financing in place before looking for a home. Putting an offer on a home with a firm pre-approval letter from a local mortgage lender will make the whole process smoother and give you a better chance of getting your offer accepted.

It may take some time, but with a little patience and realistic expectations a qualified borrower can find that starter home that will set them on the path to achieving their financial dreams.

↓↓Start your home search today!↓↓

[Janesville Area]

http://www.JanesvilleRealtor.com

[Madison Area]

http://www.MadisonWIForSale.com

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Ocwen Short Sale-Help!!!!

Hi everyone,We put a offer in on a short sale. It was submitted to the bank in October. There is two mortgages from what I know. Ocwen is the second holder from what we know. We were told in Novemeber that we would know in 10 days as it was submitted to the lender for final approval. Since then they have requested more paperwork from the sellers and we were told around Christmas time it was now in review for another 30'days. There is a attorney working with the sellers. We got a phone call last week saying we need to submit our offer on Hudzo. So now my real estate agent is trying to sign up and post on it. I feel like this is starting over??? Why do we need to do this now? We knew it was going to take a while and we are okay with that. But what happens now we have to bid on something we already offered on?? Does anyone have any experience or advice on what happens now???Thanks
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The processor sent me another blank Request for Mortgage Assistance pkg(RMA) and says that the RFI PARTIAL LETTER is included in the income doc package? I can't find this form in the pkg? No response to my email or voice mail message to her. I called the liquidation dept and they said they could only send a message to processor to contact me. Anyone know what this document is? Appreciate it!

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Welcome-to-Wisconsin-300x225.jpg?width=300Housing Market Ends Strong in 2014

The Wisconsin housing statistics are in for this December of 2014. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:

~~~~~
The housing market ended 2014 on a strong note with both existing home sales and median prices higher in December, according to the most recent analysis of the state’s housing market by the Wisconsin REALTORS® Association (WRA). Home sales in December rose by 2.1 percent compared to December 2013, and median prices rose 4.3 percent to $145,000 over that same time frame. For the year, home sales in 2014 were slightly below a very strong 2013 market, down just 1.5 percent; but prices were higher in 2014, up 3.1 percent to an annual statewide median of $148,000.

Despite a slow start due to harsh winter weather early in the year, 2014 rebounded nicely and ended with an excellent December and a very good final quarter of the year,” said Dan Kruse, chairman of WRA board of directors. Kruse noted the fourth quarter of 2014 was the strongest since 2005.
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Below are the number of Home Sales and Median House Prices for the state of Wisconsin, Dane County, and Rock County. These stats include Janesville and Madison. Feel free to contact me if you have any questions pertaining to these figures. This month both Dane & Rock County's home prices increased significantly. On a year over year basis, Dane County's total number of homes sold was up while Rock County home sales slipped.


Thinking of purchasing a home before prices or rates rise any further? I'd be happy to show you any homes currently listed for sale. Feel free to visit either site below:

Real Estate Listings in Janesville, WI 

Real Estate Listings in Madison, WI.

With the recent home price increases, now might be the right time to sell your Wisconsin home. Take advantage of your increased equity! Feel free to take a look at our cutting edge Rock Realty Marketing Plan! If you would like some insight into how much your home is currently worth, I would be happy to provide you with a report that gives a close estimate to what your home might sell for in your current local Wisconsin real estate market. Click below:

What's My Wisconsin Home Worth?

Has your home value fallen below what you currently owe? Have you experienced a hardship like divorce or job loss? A short sale may be right for your situation. Visit our distressed property page for more information.

Wisconsin Short Sales


Housing Statistics for the State of Wisconsin:

December 2014
Home Sales: 4,778
Median Home Price: $145,000

December 2013
Home Sales: 4,663

Median Home Price: $139,000

Housing Statistics for Dane County, WI:

December 2014
Home Sales: 466

Median Home Price: $220,170

December 2013
Home Sales: 442

Median Home Price: $202,250

Housing Statistics for Rock County, WI:

December 2014
Home Sales: 131

Median Home Price: $116,250

December 2013
Home Sales: 147

Median Home Price: $110,000

View my report from last month. Wisconsin November 2014 Housing Statistics

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