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Mini Samuel's Blog

By Mini Samuel | Broker in 53158
  • No time like the present!!

    Posted Under: Home Buying in Kenosha, Foreclosure in Kenosha, Investment Properties in Kenosha  |  October 4, 2012 12:50 PM  |  1,211 views  |  No comments
    If you're not seriously considering buying a home but the thought has crossed your mind, then what are you waiting for?  
    What more reason do you need?   This is not a seller's market and thus, there are no bidding wars, Interest rates are at an all time low, lots of inventory to choose from including great deals on foreclosures and short sales. 
    If you have the time to wait, why not bid on a short sale and walk into instant equity or as we like to call it, "patience equity" - Most short sale homes are in move-in condition and most short sales are done within 4-6 months. So, if you are currently renting and have a few months left on your lease, consider this avenue. 

    Whatever avenue you chose, you can't lose!  Lots of inventory, low interest rate and a Realtor who is willing to do all the work! 
  • Forget the Toaster!

    Posted Under: Home Buying in Kenosha  |  June 29, 2011 1:44 PM  |  1,672 views  |  No comments
    Planning to get married AND buy a home in Kenosha, WI?  But don't have the resources for a down payment?  Why not take advantage of the FHA Bridal Registry Gift Fund and get the down payment assistance from family and friends?

    Like a bridal registry for specialty and department stores, the FHA Bridal Registry program allows a couple to register with a lender. The money received as a wedding present can be deposited into an interest bearing account and used towards your down payment. All you have to do is open up a savings account named, "Bridal Registry Account" prior to the wedding and give friends and family your banking information where the gifts will be deposted. (Please note that your Realtor or anyone else that has an interest in the purchase of your new home cannot contribute to the gift funds)

    So, before you waste countless hours online or at the specialty store choosing your toaster, or your third set of silverware, save time, save gas and start saving some money!

    Talk to a lender in Kenosha, WI for further information and say, "I DO" to the FHA Registry gift funds. 
  • Time is Running Out!

    Posted Under: Home Buying in Kenosha County, Home Selling in Kenosha County, Foreclosure in Kenosha County  |  June 25, 2011 1:40 PM  |  1,815 views  |  No comments
    If you are a homeowner facing foreclosure and are temporarily unemployed or underemployed due to the economy or a medical condition, you may be eligible for The Emergency Homeowners' Loan Program (EHLP). "The Emergency Homeowners’ Loan Program (EHLP) can provide eligible homeowners with a 0% interest, forgivable loan that pays past-due mortgage payments (principal, interest, taxes, insurance, attorney fees), as well as a portion of the homeowner’s mortgage payment for up to 24 consecutive months, or up to $50,000, whichever comes first, and provided that certain eligibility requirements are maintained."

    For more information about this program, please refer to  the FAQ section of the Neighborhood Works website at
    http://nw.org/network/foreclosure/nfmcp/documents/EHLP_Homeowner_FAQs.pdf or http://66.208.53.213/

    Act fast! The deadline for worksheet submission is July 22, 2011.
  • Are you covered under the "Hardest Hit Fund"?

    Posted Under: Home Buying in Kenosha, Home Selling in Kenosha, Foreclosure in Kenosha  |  March 21, 2011 11:10 AM  |  3,271 views  |  No comments
    Excerpt from the U.S. Department of the Treasury website: 

    "President Obama established the Hardest Hit Fund in February 2010 to provide targeted aid to families in states hit hard by the economic and housing market downturn. Each state housing agency gathered public input to implement programs designed to meet the distinct challenges struggling homeowners in their state are facing. States were chosen either because they are struggling with unemployment rates at or above the national average or steep home price declines greater than 20 percent since the housing market downturn."  

    See the following link for the states covered under this program..

    http://www.treasury.gov/initiatives/financial-stability/housing-programs/hhf/Pages/default.aspx
  • Great Time to Buy a home! Listen to the experts!

    Posted Under: Market Conditions in Kenosha, Home Buying in Kenosha, Property Q&A in Kenosha  |  March 18, 2011 9:51 AM  |  1,827 views  |  No comments
  • Are you a homeowner with a Pier?

    Posted Under: General Area in Kenosha, Home Buying in Kenosha, Home Selling in Kenosha  |  March 18, 2011 9:46 AM  |  1,818 views  |  No comments

    Excerpt from the WRA (Wisconsin Realtors Association)
    "Waterfront property owners with larger piers must register their piers with the DNR by April 1, 2011 to ensure their piers will be "grandfathered" from new size limits adopted by the State of Wisconsin in 2004.

    Generally, a pier will need to be registered if it (a) is wider than 6 ft, but less than 8 ft in width, (b) has a platform at the end of the pier that has a surface area of less than 300 ft (w/ a max. width of 10 feet) and/or (c) more than 2 boat slips for the first 50 feet of shoreline frontage and 1 boat slip for each additional 50 feet of shoreline frontage.

    To register a pier, a waterfront property owner must complete and mail a registration form to the DNR. To obtain a copy of the registration form and to find out more information about which piers need to be registered, please visit the DNR's website at":
    Waterway & Wetland Permits: Piers, Docks and Wharves.

  • Wells Fargo requesting 30% downpayment?

    Posted Under: Home Buying in Kenosha, Financing in Kenosha  |  February 5, 2011 1:19 PM  |  1,717 views  |  No comments
    If If it's not hard enough to get a loan in this market, imagine having to put down 30% on a conventional loan? 

    http://online.wsj.com/article/SB10001424052748703889204576078371120293698.html
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