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Joshua Richmond


2 Recent Sales (last 12 months)

REALTORĀ® (3 years experience)

Buyer's Agent,
Listing Agent,


  • (11 Contributions,
  • 0 Best Answers,
  • 1 Helpful)

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I see a dollar amount on my house. How was or who has determined that?


I believe that would be the zestimate. An estimate of your home's value based on national market trends. But I would consult a professional as I found the zestimate to be off on occasion. If you would like I could provide you with with a comparative market analysis at no cost to you. Call me or text me and I would be happy to discuss it with you. [contact information deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]

Michigan homeowners see a regain in equity

Daily Real Estate News ? Wednesday, September 11, 2013-->Two recent housing reports are confirming the same picture: Home owners are rapidly recapturing the equity they had lost in the last decade.A sharp rise in home prices helped 2.5 million more mortgage borrowers eke out from being underwater in the second quarter, according to the latest report from CoreLogic. By the end of June, 14.5 percent of mortgage borrowers remained underwater on their loans, compared to 19.7 percent at the end of the first quarter. In late 2009, that percentage stood at 26 percent.Last week, RealtyTrac reported that since May, 600,000 home owners had emerged from being "deeply underwater," owing more on their home than it is currently worth.Mark Fleming, CoreLogic's chief economist, says the pace of home price increases is expected to steady in the coming months, which likely will curtail the number of home owners emerging from underwater status.CoreLogic shows the following states had the highest percentage of mortgage borrowers still underwater in the second quarter:Nevada: 36.4%Florida: 31.5%Arizona: 24.7%Michigan: 22.5%Georgia: 20.7%Broken down on a metro level, Miami had the highest percentage of home owners who are underwater at 36.5 percent, followed by Tampa, Fla. (33.8%); Phoenix (25.6%); Riverside, Calif. (24.8%); and Warren, Mich. (24.3%).Source: CNNMoney (Sept. 10, 2013) and  Mortgage News Daily (Sept. 10, 2013)

Jumbo Loans Cheaper than Conventional?

A First-Ever Flip in Mortgage AffordabilityDaily Real Estate News ? Thursday, September 05, 2013-->For the first time ever, interest rates for jumbo mortgages have dropped below the average rates for conforming mortgages, lenders say.The average interest rate for a 30-year fixed-rate conforming mortgage last week was 4.73 percent while the average for a jumbo 30-year fixed-rate mortgage was 4.71 percent, according to the Mortgage Bankers Association."In my 30-year career, I've never seen nonconforming loans priced below conforming loans," says Brad Blackwell, executive vice president of Wells Fargo Home Mortgage. Typically, rates for jumbo mortgages run at least 0.25 percentage points above rates for conforming loans. In 2008, jumbo mortgage rates peaked at 1.8 percentage points above conforming rates, according to data."I've had situations where I've told clients, 'You don't need to borrow within the [conforming] limit. I can get you a lower rate if you borrow a little more,'" said Rolan Shnayder, director of new-development lending at H.O.M.E. Mortgage Bankers in New York.Jumbo mortgages are those that exceed the $417,000 limit to qualify for backing by mortgage giants Freddie Mac and Fannie Mae. The limit may be lifted to $625,000 in some high-cost markets, such as New York and Washington.Source: The Wall Street Journal (Sept. 4, 2013)

Fannie Mae Ranks the Lenders

Fannie Mae recently released its rankings of top mortgage servicers, based on metrics such as customer service, performance outcomes, and foreclosure prevention efforts. "Our mortgage servicers' efforts are critical to keeping people in their homes, preventing foreclosures and stabilizing communities," says Leslie Peeler, senior vice president of Fannie Mae's National Servicing Organization. Also in its rankings, Fannie Mae took into account how well servicers assisted struggling home owners, such as providing alternative solutions to foreclosure through short sales and a mortgage release. The servicers that topped its list are: Green Tree ServicingNationstar Mortgage Ocwen Financial Corp.PHH Mortgage Corp.PNC Financial Services Group Inc. Seterus Inc.Wells Fargo

Dont loose a deal over $200

Disputes over $150 ceiling fans, curtains, or a dusty chandelier may seem trivial when negotiating a home sale, but some real estate professionals say such squabbles have actually cost them deals."It's the real estate version of road rage," Paula Del Nunzio of Brown Harris Stevens told The New York Times. What's really at play here over these disputes? Is it really about the great desire to have that ceiling fan or curtains?"Sellers are wary of having parted too cheaply with a profound investment, their residence.Buyers are leery of having paid too dearly and often are already punch-drunk from the trauma of the financial frisking endured" from going through the mortgage applications and process of purchasing the home, The New York Times reports. "Closings are such a heightened emotional event," says Lindsay Barton Barrett of the Corcoran Group. "You can literally have a multimillion-dollar deal fall apart at the last minute — in my case over a dining-room table."Steve Matz, a partner at the real estate law firm Katz & Matz, says he determines what's a fixture in a home by imagining putting the entire home in the palm of your hand and turning it upside down and shaking it very hard. "Whatever does not fall to the ground is a fixture," Matz explains.But some buyers and sellers will still disagree about what's staying and going with the home.Scott Claman, a real estate lawyer for the firm Giddins Claman in New York City, says that he refers to such points of tension in negotiations as "Post-Traumatic Deal Syndrome."Source:The New York Times (Aug. 23, 2013)

how to delete photos


Hi Mary did you ever figure out how to delete photos?