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

HUD Articles

Homebuyer Needs and Interest Rate Fluctuations

June 15, 2023

Clearly, the topic about interest rates for mortgages is not going away any time soon. Even though the Feds are holding steady at the rate as the date of this article, will it continue to rise and at what rate and how often is anyone’s guess.  However, the acceptance of the ever changing interest rate could eventually ...

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Today's Fed Meeting

June 15, 2023

The Federal Reserve's policy committee chose to skip a rate hike at today's meeting, halting a series of 10 increases that stretches back to March 2022.A breather—simply keeping rates where they are—gives the central bank more time to monitor the effects of its fight against inflation.The central bank also signaled it may need ...

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Curb Appeal is Important For the Back of Your HOme too

June 15, 2023

With grilling season upon us back yard space and appeal is an important assett to a home too. Make your outdoor space an extension of your home. Make sure your deck is clean and freshly stained.  Adding an outdoor rug can really set apart a space and make is feel like a "room".  Add ...

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Being Prepared For Summer Storms

June 15, 2023

Summer brings beautiful weather and lots of fun outdoor activities.  With this comes the threat of bad weather.  Here are a few tips for new homeowners and a reminder for the seasoned homeowner, to be prepared for the summer storms that can pop up out of nowhere.It’s essential to implement all storm safety tips before ...

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9 Tips for Homebuyers!

June 15, 2023

9 Tips for Homebuyers!1) Work on improving our credit score.2) Chose your agent carefully.3)  Be patient.4)  Shop around for a loan.5)  Don't ignore your agents advice.6)  Understand the local market.7)  Opt for a smaller home than planned, if necessary.8)  Negotiate, negotiate, negotiate. 9)  Figure out your home buying timeline....

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Helpful Home Buying Tips for the Current Market

June 14, 2023

                                                      Don’t avoid homeownership It’s a good time to buy a house, even if the mortgage loan will cost you a little bit more.There are some experts who fear a ...

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Tour 9 Gardens at McHenry County Master Gardeners Walk

June 14, 2023

Join the University of Illinois Extension McHenry County Master Gardeners for Garden Walk 2023 from 9 a.m. to 4 p.m. Saturday, July 8, starting at the outdoor Demonstration Garden at McHenry County College, 8900 Route 14, Crystal Lake.Attendees of the annual event presented by the University of Illinois Extension and McHenry County College will experience some ...

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Posted on: June 13, 2023 New houses taking shape on vacant lots across Jackson

June 13, 2023

Posted on: June 13, 2023 Hundreds of new homes are set to be built in Jackson in the coming years, and the Powell-Lepards will be the first family to move in. “It’s exciting. I think it’s going to be a great thing for the City and families like ours,” said Kristin Powell-Lepard. The family, who ...

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New Study on Housing Shortage

June 13, 2023

According to a recent study completed by NAR and realtor.com there is a shortage of more than 300,000 homes in the pricing point the middle-income buyers can afford. The current housing market is short about 300,000 homes in the listing price range up to 256K which according to Housing Affordability & Supply report is considered the ...

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10 Kitchen Cabinet Makeover Ideas. Economic Way to add Value to your Home

June 09, 2023

https://www.thisoldhouse.com/kitchens/21017763/10-ways-to-update-kitchen-cabinetsOur favorite how-to guides to help inspire your next kitchen cabinet makeover without replacing your existing cabinets while staying within budget.How can I update my kitchen cabinets without replacing them?If you’re looking to reface, refurbish, or refresh your kitchen cabinets without a major overhaul, this list is for you. We’ve rounded up 10 ...

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Challenges of Selling and Buying at the same time

June 09, 2023

Selling your home and buying a new one at the same time can be an exciting and stressful experience. While it's possible to sell your home and use that sale to purchase another house, it's also a challenging task that requires careful planning and execution. In this blog, we'll explore the challenges of selling and buying ...

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What is a LOMA-You May Want One

June 08, 2023

Buying a HUD Property Number 5by Tom Nelson HUD Licensed Listing Broker (LLB)  Leave Me A LOMAThis is just a play on words (leave me alone).  But a LOMA is something of great value-especially if you are buying a HUD home with a ‘F’ code.HUD properties have a number of codes LBP (Lead Based Paint), ...

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Mortgage Demand Falls as Lending Rates Remain Elevated

June 07, 2023

By Aarthi SwaminathanJun 7, 2023The numbers: Stubbornly high mortgage rates and a scarcity of inventory are stalling the housing market.As homeowners sit on properties, finding little incentive to sell and give up an ultralow mortgage rate, current loan rates remain elevated, adding hundreds of dollars in extra costs for buyers.The average 30-year mortgage rate was 6.81% ...

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BIDEN-HARRIS ADMINISTRATION’S PAVE TASK FORCE ANNOUNCES NEW ACTIONS TO ADDRESS APPRAISAL BIAS

June 06, 2023

HUD No. 23-107HUD Public Affairs(202) 708-0685FOR RELEASEThursdayJune 1, 2023WASHINGTON - Today, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE), co-chaired by U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge and White House Domestic Policy Advisor Neera Tanden, announced a set of meaningful actions to deliver on the PAVE Action Plan and ...

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Consumers Beware: Zombie Mortgages Are on the Rise

June 06, 2023

Key pointsZombie mortgages are dormant, delinquent second mortgages that many homeowners assumed were discharged in loan modifications years ago.However, these were often bought by debt collectors, and we're starting to see a resurgence in collection activity.The CFPB warns that these collection activities might be illegal, and consumers should know their rights.Check out our picks for ...

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Selecting the right financing type

June 05, 2023

Selecting the right financing type.  It isnt enough to just get pre approved when you are ready to begin the buying process.  Different property conditions require different types of loans.If you are looking for a home that doesnt need any work, then consider FHA financing or a conventional loan.If the property needs a modest ...

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Is a house that’s been sold multiple times in a few years cause for concern?

June 05, 2023

A house that changes hands frequently can be a red flag as it can indicate potential problems with the property, the neighborhood, or the market.  If you are faced with this situation,  have your agent investigate the reason the property keeps changing hands by reviewing public records and other documents to determine any outstanding issues.  But ...

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Home Inspections

June 02, 2023

Quick Takeaways on Home InspectionsA home inspection is a visual assessment of a home’s condition in which inspectors look for thousands of potential problems in areas of the home, including ceilings, walls, floors, windows, and doors. Homebuyers may want to accompany the inspector as they do their work. Inspectors can show potential homeowners where certain plumbing or ...

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Signs That You May Need a New Roof

May 23, 2023

We often take the roof above our heads for granted because we know it will protect us from the outside elements. Ultimately, we face the harsh reality that it will eventually age and need to be replaced. A worn and damaged roof can cause significant interior and exterior damage to your home if left unattended. Some roofs last longer ...

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Top 5 Ways To Improve Your Credit Score!

May 17, 2023

The health of your credit is more critical than ever.  Many credit-challenged people find themselves "frozen" when confronted with what to do. Here are the top five ways to improve your credit!1. Pay bills on time: Consistently paying your bills, including credit card bills, loans, and utilities, on time is one of the most effective ways ...

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Q1 Foreclosre Activity

May 17, 2023

Q1 2023 U.S. Foreclosure Market Report, which shows a total of 95,712 U.S. properties with a foreclosure filings during the first quarter of 2023, up 6 percent from the previous quarter and up 22 percent from a year ago.The report also shows a total of 36,617 U.S. properties with foreclosure filings in March ...

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Investor Series – The differences between rental lengths

May 15, 2023

This is one of many articles we will be writing regarding investing in Real Estate.  Today we’ll be looking at the difference between different rental lengths.  Short term rentals, Medium-term rental and Long-term rentals and the pros and cons for each.Short-term rentals are typically defined as stays of 30 days or less. They are often ...

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3 Worst Home Buying Mistakes to Avoid

May 15, 2023

If this is your first home purchase, there’s a good chance you could use some guidance. Home buying is a big process, involving a lot of paperwork and plenty of pitfalls. Take a look at some of the biggest home buying missteps newbies often make. Don’t fall victim to these classic home buying mistakes.  Hire a ...

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5 COMMON MISTAKES FIRST-TIME HOMEBUYERS MAKE

May 15, 2023

 1: Spending more than you can afford – Before house shopping it is good to take a good look at your budget to see what type of payment you can comfortably afford each month.  A good rule of thumb is your mortgage payment shouldn’t be much more than 28% of your monthly gross income.2: Not ...

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Foreclosure Starts and Completions Down From April

May 15, 2023

ATTOM has released its April 2023 U.S. Foreclosure Market Report, showing a total of 32,977 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — were down 10% from last month but up 8% from a year ago.Illinois, Maryland, and New Jersey post highest foreclosure ratesNationwide one in every 4,234 ...

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