by Tammy Murphy | May 14, 2024 | BLOG, Current Events, Estate Planning, Facing Foreclosure, Neighbor Chat, Networking, Podcast, Real Estate News, Real Homes to Love, Sellers, Senior Living, Short Sale
Reverse Mortgages: Unveiling Insights and Pitfalls… At first glance, Reverse Mortgages may seem like a beneficial financial option, especially for seniors looking to tap into their home equity. However, our episode uncovers the hidden complexities and potential risks associated with these arrangements. Through a detailed analysis and invaluable insights, we empower you with a deeper understanding of Reverse Mortgages.
Our mission is clear: to equip you with the knowledge necessary to make informed decisions. By dissecting the intricacies of Reverse Mortgages, we provide you with the tools to navigate this financial option with confidence and clarity. Whether you’re considering a Reverse Mortgage or simply curious about its implications, this episode is a must-listen.
Join us as we unravel the mysteries surrounding Reverse Mortgages and offer practical advice to help you avoid common pitfalls. By staying informed and aware, you can protect yourself and your assets while making sound financial choices for the future.
Tune in to our podcast episode and gain a deeper understanding of Reverse Mortgages. Don’t let the allure of quick cash overshadow the importance of due diligence and informed decision-making. Your financial well-being is paramount, and we’re here to guide you every step of the way.
** This episode is dedicated to Mildred Elrod, mother of Tammy Lilly, and the subject case of today’s topic. Her passing in December of 2023 brought to light not only the issues of a Reverse Mortgage; but it spotlights the unconscionable preying on our seniors. From their real estate holdings to potential inheritance by family; the government’s insatiable appetite to misrepresent a “solution” that ultimately is a scheme to deteriorate what should be the people’s rights of ownership, wealth accumulation and future generation of wealth inheritance. **
You Tube: https://youtu.be/yrZUlpTG7fo
Spotify: https://podcasters.spotify.com/pod/show/real-homes-to-love/episodes/The-Real-Tea-SPECIAL-Episode-on-Reverse-Mortgages-e2im43i
by Tammy Murphy | Mar 12, 2024 | BLOG, Buyers, Client Testimonials, Commercial Properties, Current Events, Estate Planning, Facing Foreclosure, GLOBAL, Investor Relations, LENDERS, Military, Neighbor Chat, Networking, Podcast, Real Estate News, Real Homes to Love, Sellers, Senior Living
We hinted about a project late last year, and are happy to announce that The Real-Tea Podcast is Available Now!
This twist on a Real Estate Podcast presents from a Professional view with a Client Perspective, join Tammy Murphy and Elle Sollenberger, as they spill The Real-Tea about buying and selling Real Estate. You will get to meet our hosts and learn what brought the Realtor and Client together for this fun and sometimes quirky podcast. The years they have shared in working together in multiple deals and different market scenarios is beneficial for anyone looking to Buy or Sell a house.
Curious about our episodes??
check it out on YouTube (video) https://www.youtube.com/@realhomestolove3939/podcasts
or Spotify (audio only) https://podcasters.spotify.com/pod/show/real-homes-to-love
by Tammy Murphy | Dec 31, 2014 | Commercial Properties, Current Events, Facing Foreclosure, Real Homes to Love
As reported by National Association of Realtors:
“The package of tax extensions approved by the U.S. House and Senate, and headed to the President’s desk for signature, includes important provisions that will help distressed homeowners and commercial property investors with transactions made during 2014. NAR applauds Congressional leaders in both chambers for their effort to pass this legislation before adjournment.
“Realtors® strongly supported the bipartisan Mortgage Forgiveness Tax Relief Act, which was included in the package to prevent underwater borrowers from paying taxes on any mortgage debt forgiven or cancelled by a lender in a workout or after their home was sold for less money than was owed. We are grateful to Sens. Debbie Stabenow, D-Mich., and Dean Heller, R-Nev., and Reps. Tom Reed, R-N.Y., and Charlie Rangel, D-N.Y., for championing the provision.
“The legislation also includes one-year extensions of the 15-year depreciation schedule for leasehold improvements and the deduction for improvements to energy efficient commercial buildings.”
by Tammy Murphy | Feb 1, 2014 | Current Events, Facing Foreclosure, Investor Relations, Neighbor Chat, Networking, Real Estate News
Below is a clip from the article…good information to keep in mind when looking to pickup that “bargain” home!
“Four Warning Signs to Watch for When Buying a Foreclosure”
Source: Respres.
Over the past several years, many people have gotten great deals on homes because of foreclosures. While the inventory of foreclosed homes in the market is not nearly what it was a few years ago, there are still many to be found. In fact, in some areas, the foreclosures from the 2008-2010 period are just now making their way through the court system and appearing on the market.
In the right situation, a foreclosure can be an excellent way to obtain your dream home at a much better price than you would expect. Buying foreclosures can also be an great way to acquire investment properties, as many foreclosures are duplexes, triplexes, and smaller single-family homes that can become lucrative rentals.
Even though foreclosed homes can be a good deal, they definitely carry their own issues and risks that buyers need to be aware of. Let’s break down a few of these and see if they should affect your decision on whether to buy the property or not.
CLICK HERE FOR FULL ARTICLE
by Tammy Murphy | Apr 8, 2013 | Current Events, Facing Foreclosure, For Rent, Neighbor Chat, Networking, Property Management, Real Estate News, Short Sale
It was truly an honor to be selected for The Marie Kindrick Fair Housing Award at this year’s Miami Valley Fair Housing Wrokshop. I enjoy working with people who are searching for their next “home” whether that would be a rental or purchase; but importantly, I want to help ensure that it is Affordable and What They Want / Need.
So we are often asked many questions – and this post is to provide some of those answers, as well as to provide websites, links and expert advice regarding Fair Housing.
Fair Housing Tips Disabilities
About Fair Housing with Children
Service Animal Policies
MVFHC brochure
Agencies for Fair Housing Issues
Avoid Predatory Loans
Loan Modification Scam Alert
by Tammy Murphy | Apr 2, 2013 | Current Events, Facing Foreclosure, Investor Relations, Neighbor Chat, Networking, Real Estate News
Personally, whenever there is a dilemma, a situation that just seems to overwhelm the current situation, I find that “thinking outside the box” is a good way to step back and get a better perspective as to the real issue and find a resourceful way to solve things. This article in the Cleveland Plain Dealer has some excellent points that the Cleveland area is using to solve vacant home, foreclosure and abandoned homes…
Here are a few clips from the article I think should resonate for other areas:
“A challenge of that magnitude requires a diverse response that combines strategic use of limited demolition dollars as well as innovative rehab…
Other successful land bank initiatives include the Owner Occupant Buyer Advantage Program, which has put handy homeowners willing to invest sweat equity into about 150 properties, according to Frangos.
There will never be enough demolition dollars to raze every abandoned property — nor should that be the goal. Luring private investments with creative approaches, as the loft-conversion project aims to do, is one way to make an impact in blighted neighborhoods.”
Click Here for FULL ARTICLE
