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Blog :: 02-2013

February 28, 2013 ~ Just Listed! 105 Anderson Road, Ellenville

Discover this Charming Cedar Farmhouse, privately nestled on over 45 acres. A peaceful country lane leads you to your own private nature preserve! Wildlife is abundant within this eclectic mountainside homestead. The cheerful 3 Bedroom home was tastefully renovated in 2006. Pristine kitchen and bath compliment this well kept getaway, where classic  charm is found throughout! Beautiful stone fireplace is made efficient with an insert. It supplements heat and is the centerpiece of the Living Room which is adorned with built-ins for all your treasures. Lots of windows allow the sun to drench the rich wood floors. Just minutes to Ellenville home of the "Shadowland Theatre" and fine restaurants. Minnewaska State Park and Sam's Point are just minutes away for all your outdoor activities and it is an easy commute to the GWB. Make this your own Shangrila! $325,000

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February 26, 2013 - New Listing: 2295 Bruynswick Road

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The perfect setting for those who like a bit of privacy and natural surroundings with seasonal stream and small pond that has potential to be larger.  There are seasonal peekaboo views of the mountains and only a few miles away from hiking biking & rock climbing. The small patio is connected to the covered L shaped deck/porch accessing to Kitchen & dining area.  Living room with cathedral ceiling and wood burning fireplace. Dining room is complimented with glistening wide board floors and generous space that will compliment a family size farm table.  This home is built into a small hill that gives the lower level/1st level natural light, which is included in the fully finished living area.  $275,000

 

 

 

 

February 19, 2013: New Listing - 69 Tillson Lake Road

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Just minutes to Tillson Lake discover this cozy 3 bedroom ranch.  Updated bath and a half with ceramic and new fixtures. Hardwood floors run throughout. Newer thermo-pane windows and appliances in the eat-in kitchen, complete with pantry and new ceramic floor. The heated Florida room has lots of windows to enjoy the view of the private tiered backyard, boasting new roof. Newer expansion tank in 2012 and newer water system. This sturdy home sits on 2 wooded acres with seasonal mountain views! Convenient location to hundreds of acres of trails and abundant wildlife. Great choice for downsizer, 1st time home buyer or weekender! Less than 2 hours to NYC. Proudly offered @ $219,000

February 14, 2013: Home Prices in 2012: Best Year-on-Year Gain in Six Years

Home prices nationwide, including distressed sales, increased on a year-over-year basis by 8.3 percent in December 2012 compared to December 2011. This change represents the biggest increase since May 2006 and the 10th consecutive monthly increase in home prices nationally. On a month-over-month basis, including distressed sales, home prices increased by 0.4 percent in December 2012 compared to November 2012. The HPI analysis shows that all but four states are experiencing year-over-year price gains.

"December marked 10 consecutive months of year-over-year home price improvements, and the strongest growth since the height of the last housing boom more than six years ago," says Mark Fleming, chief economist for CoreLogic. "We expect price growth to continue in January as our Pending HPI shows strong year-over-year appreciation."

"We are heading into 2013 with home prices on the rebound," said Anand Nallathambi, president and CEO of CoreLogic. "The upward trend in home prices in 2012 was broad based with 46 of 50 states registering gains for the year. All signals point to a continued improvement in the fundamentals underpinning the U.S. housing market recovery."

For more information, visit www.corelogic.com

February 7, 2013 - IRS provides guidance on HAMP principal reductions

The Home Affordable Modification Program (HAMP) was established a few years ago by the Departments of the Treasury and Housing and Urban Development to help homeowners who are underwater avoid foreclosure.

Since 2010, one of HAMP's programs has been the Principal Reduction Alternative (HAMP-PRA). Borrowers who qualify for the program have their mortgage principal reduced by a predetermined amount (called the PRA forbearance amount).

A borrower qualifies for the HAMP-PRA program only if:

  • the mortgage is not owned or guaranteed by Fannie Mae or Freddie Mac
  • the borrower owes more than the home is worth
  • the house is the borrower's primary residence
  • the borrower obtained the mortgage before January 1, 2009
  • the borrower's mortgage payment is more than 31 percent of gross (pre-tax) monthly income.
  • up to $729,750 is owed on the 1st mortgage.
  • the borrower has a financial hardship and is either delinquent or in danger of falling behind
  • the borrower has sufficient, documented income to support the modified payment, and
  • the borrower has not been convicted of a real estate related fraud or felony in the last ten years.

The end goal of the HAMP-PRA program is to reduce the borrower's mortgage loan until the borrower's monthly payment is reduced to a monthly payment amount determined under the HAMP guidelines.

To learn more about HAMP and the HAMP-PRA program, visit www.makinghomeaffordable.gov.