If My Mortgage Lender Fails, Are My Payments Still Due?
Last week, federal regulators seized mortgage lender Washington Mutual. The Seattle-based thrift became the third 'big name' lender to close its doors since July, joining IndyMac and Lehman Brothers. In 2007, these 3 lenders ...
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Posted by Paula Henry on September 28, 2008 in Mortgage News and Info
Don't Let Them In
While packing and cleaning today, working around the movers, a couple of men knocked on the door. I opened the door, expecting it to be the new buyer for his inspection.
Instead, they were unrepresented homebuyers (no agent) who wanted to know if ...
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Posted by Paula Henry on September 28, 2008 in Seller Information
Leave the House
As a matter of preference, I recommend my home sellers don’t hang around when the buyer is performing a final walk-through. A final walk through is the buyers opportunity to ensure all requested repairs were completed and the home is in ...
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Posted by Paula Henry on September 28, 2008 in Seller Information
Custom Homes and Lots in Avon
Are you thinking about buying or building a new custom home in the Indianapolis area? Come take a look a the custom home lots at Village of Heritage Hills in Avon and Brownsburg.
They are celebrating their Grand Opening this week ...
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Posted by Paula Henry on September 28, 2008 in Community News
Moving On
Not Like Any Other Day
Today was an early morning as I got my youngest daughter on a plane and now I sit here at the Indianpolis International Airport, waiting for my flight to join my daughter in Phoenix. It is a vacation of sorts. My son ...
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Posted by Paula Henry on September 25, 2008 in Seller Information
FHA Makes Homeownership More Affordable But Not Until October 1, 2008
Earlier this year -- and for the first time in its history -- the FHA changed its funding fees and mortgage insurance structure. Effective October 1, 2008, it's repealing those changes. Partly to keep FHA home loans affordable, and partly to ...
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Posted by Paula Henry on September 24, 2008 in Mortgage News and Info
Please Don't Put Your Home on the Market!
Put it 'in' the Market
Really, I mean that! Probably not the way you think I do, though! See, there’s a huge difference between putting your home on the market and placing it “in” the market. I’ve written before, not ...
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Posted by Paula Henry on September 21, 2008 in Seller Information
Its Time for Home-a-Rama
Starting tomorrow, the 2008 Home-a-Rama home show is open to the public. This years event is at The Willows in Zionsville.
Home-a-Rama is one of my favorite events. Not much more exciting than checking out what’s new in home design. Granted, ...
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Posted by Paula Henry on September 20, 2008 in Community News
Plainfield Real Estate Market Update - August 2008
For the month of August, there were 33 homes sold and closed in Plainfield, compared with 27 homes sold in July.
The highest price home was $315,000. The lowest priced home sold was $38,000.
The average Plainfield home ...
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Posted by Paula Henry on September 16, 2008 in Market Statistics
Zionsville Real Estate Market Update - August 2008
For the month of August, there were 42 homes sold and closed in Zionsville Indiana; compared to 44 homes sold in July.
The highest price home sold was $917,425.
The lowest priced home sold was $120,000.
The average Days on ...
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Posted by Paula Henry on September 16, 2008 in Market Statistics
Carmel Real Estate Market Update - August 2008
For the month of August, there were 125 homes sold and closed in Carmel, Indiana. There were 137 sold in July.
The highest price home was $950,000.
The lowest priced home sold was $50,000.
The average Days on Market for homes sold ...
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Posted by Paula Henry on September 16, 2008 in Market Statistics
Trader's Point Real Estate Market Update - August 2008
For the month of August, there were 10 homes sold and closed in Traders Point, compared with 17 homes sold in July.
The highest price home was $725,000.
The lowest priced home sold was $68,000.
The average sold home in ...
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Posted by Paula Henry on September 16, 2008 in Market Statistics
Fishers Real Estate Market Update - August 2008
For the month of August, there were 157 homes sold and closed in Fishers Indiana; one less than July.
The highest price home sold was $727,000.
The lowest priced home sold was $85,000.
The average Days on Market for homes sold ...
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Posted by Paula Henry on September 16, 2008 in Market Statistics
Danville Real Estate Market Report - August 2008
For the month of August, there were 8 homes sold and closed in Danville.
The highest price home was $253,500.
The lowest priced home sold was $72,000.
The average Danville home sold was a three bedroom, two bath with 2008 square ...
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Posted by Paula Henry on September 16, 2008 in Market Statistics
Brownsburg Real Estate Market Update - August 2008
For the month of August, there were 58 homes sold and closed in Brownsburg, which is down by two homes from June.
The highest price home was $725,000.
The lowest priced home sold was $62,100.
The average Brownsburg home sold was ...
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Posted by Paula Henry on September 16, 2008 in Market Statistics
Avon Real Estate Market Report - August 2008
For the month of August, there were 86 homes sold and closed in Avon, compared to 84 homes sold in June.
The highest price home was $368,542.
The lowest priced home sold was $83,900.
The average Avon home sold was a three ...
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Posted by Paula Henry on September 16, 2008 in Market Statistics
Comparing Payback Periods On 15-Year, 20-Year and 30-Year Mortgages
On all principal + interest home loans, the first few years of payments include a lot more money going to interest than to principal. This is because mortgage repayment schedules are front-loaded with interest, meaning large-volume principal ...
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Posted by Paula Henry on September 16, 2008 in Mortgage News and Info
Always Remember
My 22 year old daughter said to me at 12:15 this morning, 'Mom, it's September 11' . And suddenly, there is not another thought in my mind. I remember..................... we all remember.
I want to take one moment to say Thank You ...
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Posted by Paula Henry on September 11, 2008 in Random Thoughts
Indianapolis Property Taxes - A Homebuyers Story
A Phone Call
A recent phone call from a gentleman about the amount of real estate property tax he had to pay for the reconciliation bill in July made me think about what a mess this whole year has been for homeowners, both those who are buying and ...
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Posted by Paula Henry on September 10, 2008 in Real Estate News
Why The Government's Takeover Of Fannie Mae and Freddie Mac Is Lowering Mortgage Rates
When comparing two investments with equal risk, a rational person will choose the investment with a higher rate of return. This behavior is called Risk Aversion and is a basic tenet of personal investing. An off-shoot of Risk Aversion is ...
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Posted by Paula Henry on September 9, 2008 in Mortgage News and Info