Menomonee Falls, WI

Does anyone have any information on the, "produce the note" method to stop a foreclosure?

I looked at a number of sites to see if this was legitimate and of course there are more sites claiming this is true compared to sites claiming this is a hoax. This is how it works.

While a home owner is facing foreclosure they can ask the lender to produce the original note promising to pay back the loan. Because loans have been bundled and sold the lender may not have the original note. These sites claim if the lender can not produce the original note, the mortgage no longer exists. The home owner walks out of court owing nothing.

Search the Internet for, "produce the note" and let me know what you think.

This may sound good on the surface and I am not an attorney but, don't all lenders require a form to be signed at closing explaining they have the right to sell the loan? Has anyone read this agreement?

Doesn't the DEED provide proof there is a mortgage on the property? It seems to me, they mail you a DEED with the home owners name and the lender. If there is a mistake what is the home owner's responsibility? Is there a time limit to disclose mistakes on a deed?

There seems to be more questions than answers on this situation.

Market Report for 2009 - Menomonee Falls Wisconsin Sold Homes

Real estate is hyper local, here are the final numbers for sales and listings of homes in Menomonee Falls Wisconsin for the year 2009.

The final numbers are in for Real Estate in Menomonee Falls . The numbers for 2009 ended with less sales.... 388 homes being sold. (as provided by the Multiple Listing Service). 2008 number of sales was 418.

Time on market remains steady with an average of 93 days to sell.

Percent of Original list price received at sale is 92.2%. This is down from 94.3% the previous year (2008).

The median sales price was $214,750. Down almost 9% from $235,000 in 2008.

Inventory is down just a touch with 675 homes on the market.

What does this mean? It is a great time to buy a home!! It is a great time to sell and move up to a larger home! Interest rates are historically low and inventory is high for a greater selection.

Information provided from the Greater Milwaukee Multiple Listing Service 1-13-2009

Background on the "revised" Tax Credit

Signed into law, the $8,000 tax credit was extended to first-time home buyers who purchase a home between November 7, 2009 and April 30, 2010. In addition, a $6,500 credit is available for current homeowners who have owned and used the same home as a principal or primary residence for at least five consecutive years of the last eight years and who purchase a new home as a primary residence by April 30, 2010. Contact me if you'd like more details.

For help with selling a home.

Call me for help before Foreclosure.

For help with buying a home.

Your neighborhood expert is here to help.

E-mail me.

You can find great local Milwaukee Wisconsin area real estateinformation on Localism.com April Hayden-Munson Realtor, Southeastern Wisconsin is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business. Serving Milwaukee, Waukesha, Washington counties and the surrounding area.

"I can sell your house better than your old agent." I don't know how many times I have heard that or read this in a letter addressed to me, a Real Estate Agent who had his own home on the market. I let my listing expire which opened the flood gates to agents calling and mailing me information in an attempt to impress me. Some of them market with the thought they have a 1 minute window of opportunity. So they quickly go through this canned speech slamming the old agent. Little do they know, I am the licensed Real Estate Agent.

Here is a list of the following mistakes they have made.

1. CHECK THE MLS SPEC SHEET!!!!!!!!!!!
The MLS spec sheet clearly indicates the listing is BROKER OWNED. This means an agent is selling their own property. Why should I have to explain this? If you can not read or do not spend the time to read the spec sheet, how are you going to sell any house??????? This is a clear indication on how seriously you take your job. If you do not prepare to make a call this tells me you will never prepare for anything else.

2. DO NOT use canned speeches. Okay so you spent hundreds of dollars going to some seminar telling you what to say and how to say it. What does this tell people you meet about you?

3. Identify yourself when placing a call. I thought our ethics code explained this. Many of these agents tried to be tricky by pretending to be an interested buyer. How many people do you think will choose to have an agent represent them if your first impression is deceitful?

Menomonee Falls Wisconsin Real Estate Market Report for November 2009

The year in real estate..... The numbers are in for Menomonee Falls Wisconsin Real Estate sold for the year up to November 30, 2009.

Menomonee Falls Wisconsin has seen the housing inventory reduced this year over the past 2 years. The prices are also coming in lower. The November numbers for Menomonee Falls sold homes are up compared to the last 2 years sales. The first time buyers were rushing to get their deals done before the deadline of November 30th to receive up to $8,000 in tax credit money. With that in mind, the numbers for November were 36 sold homes in Menomonee Falls, with a median price of $190,750 (down from $264,900 in 2008). This is a reflection of the strong first time buyer numbers. For the year - the sales in Menomonee Falls are down just a bit from total sale last year, this year to date the sales are 366 Total... (396 in 2008). The median sale price for the year to date is $214,250 (compared to $235,000 for 2008). Again I believe this is a reflection of the price range that is selling - the affordable homes for first time buyers.

Background on the "revised" Tax Credit

Signed into law last month, the $8,000 tax credit was extended to first-time home buyers who purchase a home between November 7, 2009 and April 30, 2010. In addition, a $6,500 credit is available for current homeowners who have owned and used the same home as a principal or primary residence for at least five consecutive years of the last eight years and who purchase a new home as a primary residence by April 30, 2010. Contact me if you'd like more details.

For help with selling a home.

Call me for help before Foreclosure.

For help with buying a home.

Your neighborhood expert is here to help.

E-mail me.

You can find great local Milwaukee Wisconsin area real estateinformation on Localism.com April Hayden-Munson Realtor, Southeastern Wisconsin is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business. Serving Milwaukee, Waukesha, Washington counties and the surrounding area.

One of the worse things that can happen to a Real Estate Agent is loosing their entire contact list or address book on their phone. Without an address book what is a phone? Is that what they mean by paper weight mode?

Have you seen the new Windows Mobile commercials designed to make us think a Windows phone is just like an Apple of Google phone. Are they all the same? I used to use an HTC with Windows Mobile. I tried to download dozens of apps. It seemed there were six different ways to download apps and if you didn't follow the correct procedure it wouldn't work. I wasted hours of time, about 1 out of every 10 apps worked.

Syncing is another exciting experience with Windows Mobile. If you are a computer geek it should be no problem going on the Internet to download the 3 apps required to convert your Windows address book to another format then to another to finally back it up on your computer. The exciting part is when Windows erases the entire address book from the phone. At which time you have to search the Internet to figure out how to load the back up. After restoring the address book to the phone you find out the new format is last name first. Have fun changing them all manually. All the ring tones are also deleted. In a way using Windows Mobile was exciting.

After using a Google phone for months I would never go back to Windows. With Google the apps always download successfully. And there are more to choose from. After 6 months I have had no problems backing up and syncing the address book. And there was nothing to set up, it was like they knew I bought the phone to back up the info on the address book and the calendar. Thank you Google. When are you going up with an OS for a PC to replace Windows? I'll be the first in line to use it.