Wendy Cowan Blog

Homeownership: The Real Story Behind The Headlines

Posted by Wendy Cowan on August 25, 2015 in  Buy  Sell
The big housing news this week is that the homeownership rate has dropped to 63.4% which represents the lowest rate in 48 years. That news definitely is making headlines. Yet, to fully understand what this means we have to look at the story that created these headlines. There is no doubt the homeownership rate has declined since the housing crisis. Here is a graph showing the homeownership rate over the last twenty years. It skyrocketed during the housing boom and has steadily fallen since the bust: ... read more
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We are pleased to have Nikki Buckelew back as our guest blogger for today’s post. Nikki has extensive experience working with seniors and is the Founder & CEO of the Senior Real Estate Institute. Enjoy! – The KCM Crew  If you have not bought or sold a home in a few years (or maybe decades) it is likely that there are more than a few new trends in real estate that you will encounter as you begin to interview real estate agents. One particular trend now common among many real estate... read more
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How foreclosure Impacts Your Credit Score

Posted by Wendy Cowan on July 15, 2015 in No Category
As Realtors actively closing short sale transactions, sellers frequently ask us how the short sale will effect their credit. Now, thanks to CNNMoney.com, we have a great new resource to share. Following you will see a snippet from Les Christie’s full article: “Here are the average hit your credit will take:30 days late: 40 - 110 points90 days late: 70 - 135 pointsForeclosure, short sale or deed-in-lieu: 85 - 160Bankruptcy: 130 - 240To come to these figures, Fair Isaac created two hypothetica... read more
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Your landlord got foreclosed? What about your lease?

Posted by Wendy Cowan on July 15, 2015 in  Foreclosure  Rent
With the large number of investment homes being foreclosed upon, it shouldn’t come as a surprise that many tenants are being asked to leave. What might surprise you is that they don’t have to go. A lease supersedes a sale. Meaning that it transfers with the property to the new owner. Based on the Protecting Tenants at Foreclosure Act, which Congress passed last May, as long the tenant has a valid lease and proof of regular payments, they cannot be forced to leave. Even tenants on a month-to-m... read more
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No Hassle Leasing

Posted by Wendy Cowan on July 15, 2015 in  Property Management  Sell
No Hassle Leasing Posted: July 15, 2015 at 12:00 AM by Janice Ziesig Call 407-208-1221 For More Details! Z House Realty Group is proud to offer lease procurement and property management services. Whether you would simply like professional assistance procuring a tenant and handling contracts, but would like to handle the month-to-month maintenance or if you need full service property management - We have a program that will meet your needs.Program 1Property Management/Worry Free Investing - let u... read more
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