K.M. Minemier & Associates is a certified Woman Owned Small Business (WOSB) engaged in full service real estate asset management and marketing.

HUD Articles

Just Don't Do It!

September 14, 2021

Giving direct home access to customers… This is an unacceptable practice that Realtors have been guilty of for years and it unfortunately continues to this day. They may say: “It's a vacant HUD foreclosure so I’ll just give you the combo and you and your brother can just pop in and take a look” This is ...

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Fall Maintenance Checklist

September 14, 2021

When the last of summer's heat is becoming a memory, and you start pulling out hoodies more than your shorts, it's time to take on a few simple chores that'll make winter more pleasant and avoid any surprises in the spring.This fall checklist helps:Stow your mower – make sure to clean the blades and inside ...

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Covid mortgage bailouts are expiring fast, but here’s why a foreclosure crisis is unlikely

September 13, 2021

Covid mortgage bailouts are expiring fast, but here’s why a foreclosure crisis is unlikelyPUBLISHED FRI, SEP 10 20217:00 AM EDTUPDATED FRI, SEP 10 20217:00 AM EDTDiana Olick@IN/DIANAOLICK@DIANAOLICKCNBC@DIANAOLICKKEY POINTSThere are still 1.618 million borrowers in forbearance programs, or 3.1% of all outstanding mortgagesSome 98% of those troubled borrowers have at least 10% equity in their homes, not ...

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Steps To Purchasing A HUD Home

September 13, 2021

 Thinking of purchasing a HUD Home?  Here are a few key steps to get you started. Get a mortgage pre-approval if you are financing the home.  Speak to your local bank or mortgage broker and let them know you would like to purchase a HUD Home, they will let you know what the best type of ...

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How the Moratorium’s End is Affecting Foreclosure Activity

September 13, 2021

Housing professionals have long been anticipating the response to the July 31 expiration of the federal moratorium on foreclosures. With August numbers coming in, analysts say there has indeed been a rise in foreclosure activity, but they do not expect a large influx. Borrowers across the nation collectively have record levels of home equity, and the sellers' market is ...

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Fall clean up tips for a better spring garden

September 08, 2021

Let’s start in the vegetable garden by removing all spent crops and residue. If left, these could serve as havens for pests and disease to carry over from this year’s crop to the next.It is especially important to pull out any vegetable plants that are infested with pests or diseases like powdery mildew or blight. Do ...

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September Is Realtor Safety Month!

September 08, 2021

September Is Realtor Safety Month!...

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Buying a Hud Home

September 08, 2021

                         BUYING A HUD OWNED HOMEWe receive many calls from Homebuyers wondering exactly what is a HUD Home and how  they can purchase one.  They want to know how is buying a HUD home ...

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How To Buy in a Tight Market

September 07, 2021

Increase your chances of getting your dream house in a competitive housing market.Get prequalified for a mortgage.You’ll be able to make a firm commitment to buy and your offer will be more desirable to the seller.Stay in close contact with your real estate agent.Your agent will be on the lookout for the newest listings ...

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Wall Street Can’t Get Enough Fixer-Upper Houses

September 07, 2021

Wall Street has made a mountain of money available to house flippers, and selling move-in-ready rehabs has rarely been easier. The challenge is finding beat-up and out-of-date properties that can be renovated and resold for a profit.“Investors like me, we’re like ants on a sugar hill all fighting for the same projects,” said Ed Stock, ...

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Gutters why clean them

September 07, 2021

In the late fall and early spring you might see a neighbor on their ladder, and he or she is probably cleaning gutters because maybe some small trees are growing in the them.  The reality is that it is very important to the roof and to help eliminate ice dams in the winter.  What happens in the ...

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Getting ready to start looking?

September 07, 2021

The lack of inventory and rising prices have put a pause on many first time home buyers dreams.  However, now is a great time to start preparing for a changing real estate market. If you are a first time buyer, start getting prepared with obtaining a pre approval for a loan.  This is the founation for ...

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Millennials are looking for dream homes, but Michigan’s competitive housing market keeps them out of reach

September 07, 2021

A promotion, a pay raise and a 30th birthday all felt like the right time for St. Clair Shores resident Justin Donoghue to purchase his first home.As he enters his seventh month of house hunting, he’s been outbid five times.“It’s just been really disheartening to fall in love with a home, write my cutesy ...

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HUD’S GOOD NEIGHBOR NEXT DOOR  PROGRAM

August 19, 2021

HUD has several special community based programs, one of which is the Good Neighbor Next Door program. HUD describes the program as "Buying a home through HUD's Good Neighbor Next Door initiative is designed to encourage renewal of revitalization areas by providing an opportunity for law enforcement officers, firefighters, emergency medical technicians and teachers to purchase homes ...

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Survey: Bidding Wars Aren’t the Big Problem Anymore

August 18, 2021

 Many would-be home buyers say they aren’t having much luck in finding a home. Sixty-six percent of buyers who were actively engaged in searching for a home in the second quarter say they’ve spent three months looking without success.In the fourth quarter of 2020 and the first quarter of this year, active house hunters blamed ...

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Chicago home bidding wars drop in July

August 17, 2021

Prospective Chicago home buyers faced less competition making a deal in July as fewer bidding wars erupted than a month earlier.A report from Redfin shows that 52.7 percent of offers in Chicago through the brokerage were the subject of competitive bids in July, down from 57.9 percent in the previous month. Bidding wars in Chicago dropped ...

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Visitor's Guide Ad

August 17, 2021

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Maximizing Small Living Spaces

August 16, 2021

Maximizing Small Living SpacesTips for Maximizing Small Living Spaces- Jeanne Frank Clutter driving you nuts? Did you move in with someone only to find you have duplicates of everything from headboards to can openers? Here are 7 tips to help you make the most out of small spaces: 1. Weed out the extras. A yard sale will alleviate ...

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Curb appeal is so important!

August 16, 2021

When marketing a home for sale, it is important to focus on creating a welcoming exterior.  Many times buyers will drive past a home before deciding whether to view it.  Be sure to have the exterior look well maintained to advertise your home to its fullest potential.  Trim shrubs, keep grass cut, and always pick up ...

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Number of Americans in Forbearance Plans Continues to Fall

August 16, 2021

The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey has found that the total number of loans now in forbearance decreased by seven basis points from 3.47% of servicers' portfolio volume in the prior week to 3.40%, as of August 1, 2021. According to MBA's estimate, there are approximately 1.7 million homeowners ...

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Evictions

August 15, 2021

Government Affairs NewsEviction Filing Ban Ended as of Sunday, Aug. 1stHousing providers can now file evictions against "Covered Persons," or those negatively impacted by COVID-19 as long as the landlord includes the required documentation. The governor has issued an Executive Order that only begins to remove the restrictions on the eviction process that have been in place ...

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What caused the shortage of homes on the market?

August 15, 2021

Currently, we are experiencing an unprecdented shortage of homes on the market across the nation.  Almost every major Real Estate market is seeing multiple bids on almost every fair priced home and several buyers competing for the same home.   Many people have asked me what has caused this shortage.Here is what happened from my perpsective.  ...

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Closing Cost Credit or Price Reduction?

August 15, 2021

In today’s market, real estate transactions under contract often present buyers with the opportunity to receive concessions from sellers. This may come about as result of the outcome of a home inspection, a material change in the property or an appraisal valued at less than the contract sales price. Depending on the situation, the seller may decide to ...

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Summer Home Maintenance - To Do’s

August 13, 2021

Summer is a great time to work on those home maintenance projects!  I’ve compiled a list of To Do’s for the exterior of your home!    Power wash your driveway & sidewalks – After ensuring weeds are removed from any cracks, use a pressure washer to give your area a good cleaning to wash ...

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Case Study: Borrower Outreach and Workout Strategy

August 13, 2021

Case Study: Borrower Outreach and Workout StrategyClient: Local Community Bank The ChallengeDebt collection isn’t fun for anyone, whether you are the one in debt or the one trying to collect it. Our client couldn’t reach the delinquent borrower, let alone collect the money owed to them. The SolutionParkvue Realty put feet-on-the-street and literally went out ...

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