homeowner: HOME PRICES SPRING FORWARD - 04/01/15 08:08 AM
This year, your clocks aren’t the only things springing forward; home prices have increased by leaps and bounds! Over the last few years, the housing market has made a dramatic recovery, and today homeowners are reaping the benefits.
 
The last seven to eight years were a chaotic time for the housing market. When the housing market crashed in 2007 and 2008, homeowners nationwide saw the value of their homes plummet overnight. Across the country, millions suddenly found themselves underwater on their mortgages and under the threat of foreclosure.
 
In late 2011 and into 2012, the U.S. economy … (1 comments)

homeowner: It's Official the Housing Market is Back! - 12/28/14 06:13 AM
 
There are many indicators experts look at to assess the health of the housing market, and over the last several years, all of these indicators have been improving. Home prices, for one, have skyrocketed over this time period, giving many homeowners back the equity they lost when the housing market crisis first hit.
 
Additionally, distressed home sales (homes sold in a short sale or foreclosure) returned to a normal level, and as home prices continue to increase, there are fewer underwater homeowners, or homeowners who owe more on their mortgage than the property is worth. 
 
Many … (0 comments)

homeowner: Did the Housing Market Give You an Early Gift? - 11/30/14 07:32 AM
This holiday season, many homeowners are discovering that the housing market gave them an early gift—and that gift is equity!
 
During the worst of the housing crisis, home prices plummeted, and millions of homeowners saw all the equity in their homes vanish. However, over the last couple years, the housing market has improved significantly, and home prices have recovered along with the market. In fact, in 2013 the average home sale price rose by 10.9 percent. The rising home prices helped 3.5 million homeowners regain equity in 2013, and more than 300,000 thousand in the first quarter of 2014. … (2 comments)

homeowner: Time for an Equity Check-Up - 09/26/14 11:38 AM
When was the last time you reevaluated your equity?
Do you know how much equity you have in your home today? While people tend to check other investments regularly, such as stocks and retirement accounts, most do not reassess the value of their biggest investment—their home—nearly as frequently. However, just as with other investments, it is important to regularly check how much equity you have in your home so you know where you stand
 
Over the last two years, the housing market has rebounded significantly, and with it home prices rose faster and more dramatically than anyone predicted. As home … (1 comments)

homeowner: Why Now is the Time to Buy or Sell a Home - 06/25/14 03:34 PM
After years of nothing but negative reports about the housing market, it is hard to believe recent news about the “housing market rebound” and “why now is a great time to buy or sell a home.” However, the reality is that the housing market has recovered remarkably quickly and created unique opportunities for those looking to buy or sell a home.
For those looking to buy a home, interest rates for mortgage loans remain incredibly low. For 2014, the average annual rate has hovered around 4 to 4.5%. These low interest rates make buying a home more affordable than at … (0 comments)

homeowner: An Experienced Agent Could Mean $25,000 More for Your Home! - 03/31/14 05:21 AM

 
For real estate agents, experience brings a number of advantages. With experience, agents gain deep market knowledge, stronger negotiating skills, a wider professional network and more. According to a recent study in the Journal of Housing Research, these tools could mean the difference of $25,000 for your home!
In the study, homes listed by experienced real estate agents sold for $25,000 dollars more, on average, than those listed by rookie agents. Experienced agents were also more likely to sell the home and to sell it faster.
For homeowners who are struggling with their mortgages and looking for answers, finding … (0 comments)

homeowner: Fending Off Foreclosure—Real People~Real Crisis~Real Solutions - 12/02/13 06:04 AM
Fending Off Foreclosure—Real People~Real Crisis~Real Solutions
 
There has been much news over the past few years about the difficult times that homeowners have had as a result of the financial and housing collapse. Many homeowners lost their homes or collapsed under the weight of an unmanageable mortgage. These are homeowners who believed that they didn’t have any options.
Nothing could be further from the truth. There are millions of homeowners who have dealt with challenging mortgages, and many of them have found a path forward that doesn’t include foreclosure.
Below are three stories of homeowners who found themselves in danger … (0 comments)

homeowner: Don't Let Time Run Out! - 09/30/13 01:27 AM
Don't Let Time Run Out!
The Mortgage Forgiveness Debt Relief Act was passed by Congress in 2007 in an attempt to provide some relief for the millions of homeowners who found themselves owing more on their mortgage than the property was worth as a result of the collapse of the housing and finance industries. This report was created to give homeowners the most accurate information about the Mortgage Forgiveness Debt Relief Act, which has helped many distressed homeowners find options that were previously unavailable.
 
The act, which was always intended to be a temporary solution, is now set to expire … (1 comments)

homeowner: Have YOU Been thinking about selling your home? - 08/30/13 04:40 AM
Been thinking about selling your home?
If you’ve been thinking of selling your home, but don’t believe it is worth enough to cover what you owe, you might be pleasantly surprised. The reason? Prices have gone up significantly during the last year!
This simple fact has helped a market that only about one year ago was still bouncing off the bottom, begin the slow, but steady process of recovery. As a result, people are buying homes again.
I have a report that explains in detail why prices have gone up and why your home might be worth more than you think! … (1 comments)

homeowner: 5 Ways to Beat Foreclosure! - 08/01/13 01:15 AM
5 Ways to Beat Foreclosure!
In the news, there is talk of a housing recovery. Experts feel more optimistic about the state of housing industry in America. However, if you or someone you know is one of the millions of homeowners who is stuck with a home on which you owe more than the property is worth, the feeling of helplessness can be overwhelming and frustrating.
 
Many people don’t realize that just because they are in danger of losing their home to foreclosure doesn’t mean they have to wait around for it to happen. With help, they can take matters … (1 comments)

homeowner: Why homeowners are in the driver’s seat - 07/05/13 02:52 AM
Why homeowners are in the driver’s seat
There are a number of trends affecting today’s market in dramatic ways. Historically low interest rates are driving more and more people to buy homes, but there are not enough homes on the market to meet that demand. The result is that prices are increasing at an incredible rate.
This puts homeowners in an incredible position because you have something that people want! Not only that, but these trends are unlikely to continue at their current pace they for much longer. I want you to have all the details about your situation so that … (1 comments)

homeowner: Real Homeowner Stories: A Fresh Start - 04/23/13 02:27 AM
Real Homeowner Stories: A Fresh Start For homeowners who are in danger of losing their home to foreclosure, it is common to feel like you are all alone and that there is no one who can help. This simply isn’t true. There are real people who have been in the same situation who have found solutions. Take, for example, Dan and Jessica M. of Grand Blanc Township, Michigan.
For Dan and Jessica, their homeownership dream always involved building a house on a piece of land. “We build a house on half an acre,” said Dan.
In order to achieve their dream, … (0 comments)

homeowner: Educate Yourself So You Don't Become a Victim! - 02/25/13 06:08 AM

Educate Yourself So You Don't Become a Victim!
 
For distressed homeowners in danger of losing their home, there are already a lot of problems. The last thing a homeowner in this situation needs is to fall victim to a scam. Unfortunately, people in this situation are often the most vulnerable to a kind of fraud called “mortgage relief fraud.”
 
Fraudsters will prey on people who are looking for a loan modification, short sale or other foreclosure alternative because these are the most common options for distressed homeowners.
 
There have been legal cases brought against many, but scammers … (4 comments)

homeowner: Time is Running Out: How the Mortgage Debt Relief Act can save you! - 06/08/12 12:32 AM
Time is Running Out: How the Mortgage Debt Relief Act can save you!
 
In 2007, the Mortgage Debt Relief Act was passed in an attempt to help the millions of homeowners who, due to the housing crisis and economic crash, suddenly found themselves in danger of losing their home to foreclosure.
 
The act has helped many distressed homeowners find solutions to avoid foreclosure and opened up options to them that were previously unavailable.
 
However, the Mortgage Debt Relief Act was always intended to be a temporary solution and it is now set to expire at the end … (0 comments)

homeowner: Foreclosure Fears Foster True Grief - 11/02/11 09:35 AM
Reports of foreclosures by the millions have been in the news so much over the past few years that to some, it might seem like the new normal. 
But as a real estate professional who is in the trenches with financially stressed homeowners every day, it never for a second feels to me like business-as-usual.
The prospect of losing ones home is right up there among the major sources of grief, and often, it goes hand in hand with other tragic setbacks such as the loss of a job, a divorce, death of a loved one, mounting medical bills or skyrocketing … (3 comments)

homeowner: Renewed Trust for Tough Times - 09/22/11 09:53 AM
Renewed trust for tough times
Does it feel like trust is one of the major casualties of the economic meltdown of 2008 – followed by the “Great Recession,” the “Jobless Recovery” and now the threat of a “Double Dip Recession?”
Weren’t we assured that home values were destined to go up and up and up?
There have been lots of promises that help is on the way—and lots of warnings of scams and schemes that have only served to confuse the matter. So where’s a homeowner who’s underwater or overleveraged to turn?
Here’s the bottom line: the choices that homeowners make … (0 comments)

homeowner: Let's explore the difference in a Short Sale vs. Foreclosure - 09/21/11 08:56 AM
One of the most frequently ask questions is, "What is the difference between a foreclosure and a short sale?".   Let's take a few minutes to explore this question. 
Foreclosure:  A homeowner who loses a home to foreclosure is ineligible for a Fannie Mae-backed mortgage for a period up to 7 years with some exceptions based on extenuating circumstances. See: efanniemae.co
Short Sale:A homeowner who successfully negotiates and closes a short sale will be eligible for a Fannie Mae-backed mortgage within 2 years.
Foreclosure: An investor who loses a home to foreclosure is ineligible for a Fannie Mae backed mortgage … (0 comments)

homeowner: Credit Scores in Foreclosure and Short Sales - 09/21/11 08:56 AM
We are reviewing the differnece between a foreclosure and short sale for the homeowner.   Let's review what happens with a credit score.
Credit Score:
Foreclosure:  Score may be lowered anywhere from 250 to 300 points.  Typically will affect score for over 3 years.
Short Sale: Only lape payments on mortgage will show, and after sale, mortgage is normally reported as "paid as agreed", "paid as negotiated, " or "settled".  Ths can lower the score as little as 50 points if all other payments are being made.  A short sale's effect can be as brief as 12 to 18 months.  
Credit … (0 comments)

 
Donna Tashjian (Keller Williams Realty)

Donna Tashjian

Grand Rapids, MI

More about me…

Keller Williams Realty

Address: 630 Kenmoor SE, Grand Rapids, MI, 49546

Office: (616) 803-9456

Mobile: (616) 803-9456

Email Me



Links

Archives

RSS 2.0 Feed for this blog