Category

Foreclosures-Short Sales

Will there be a glut of foreclosures as homeowners leave forbearance plans?

According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns...
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Where have all the foreclosures gone?

With home prices steadily rising for the last six years, foreclosure filings have become more and more rare because defaulting homeowners can often sell the home for more than they...
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When is the best time to find foreclosure listings?

A client recently asked me where all the foreclosure listings have gone. If you look at the chart below, you can see that in 2009 and 2011 there were months...
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It’s spring… 10 years after the foreclosure crisis

CoreLogic just released a report looking back on the national foreclosure crisis… United States Residential Foreclosure Crisis: 10 Years Later. That crisis is still affecting both buyers and sellers today,...
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Reverse Mortgage Foreclosures… subject to HUD Guidelines 24CFR206.125

I recently encountered a couple different properties that were both being sold subject to HUD Guidelines 24CFR206.125. Huh? What does that mean?! The guidelines are stipulations for the sale of...
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Why does it seem like nearly every house I find that I like online is already sold?!

It seems like clients are always finding listings that they like online… only to learn that they already have offers when I check them out. Why is that? When a property has...
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First Look Initiative gives homebuyers advantage over investors

If you are considering buying a foreclosed home you should be aware of the First Look Initiative on Fannie Mae, Freddie Mac and HUD foreclosed homes. This plan was initiated in...
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What is a short sale? Why do many people say 2012 will be the year of the short sale?

A short sale occurs when the amount owed on a property is more than it is worth and the homeowner is not able to pay off the mortgage(s) when the property...
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Sharon and John Hensrud

About Us

The HomesMSP Team is committed to meeting you where you are and listening… really listening to understand you so we can use our extensive knowledge of the market and local neighborhoods to give you personalized service.