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Buying After A Short Sale or Foreclosure

by Fontaine Family

How Soon After a Short Sale or Foreclosure Can I Buy a Home?

This is a question we get all the time.  Millions of people have lost their homes to Foreclosures or Short Sales over the past 10 years.  Many of these people were just experience a difficult time and are now in a much better place and ready to consider homeownership once again. 

The waiting period before you can purchase varies depending on the program:

Conventional Loan: 4-7 years
FHA Loans: 3 years
USDA Loans: 3 years
VA Loans: 2 years

There are circumstances where each of these timeframes can be reduced, so if you think you are ready, it is a good idea to meet with a lender to get some advice.

There are also some things you can do to make sure you are ready as soon as possible.

  • Work on repairing your credit.  Lenders want to see a good credit score, so check yours out and work on repairing it as much as possible.  You can pull your credit report for free from keep in mind that the lender will be seeing a slightly different report. 
  • Make payments on time.  Lenders will look to see if you are on track with keeping up with your payments.  Making sure you are not late and are making all payments will help you out!
  • Have a steady job.  Lenders will verify your employment. They want to see steady employment so people who change jobs often or work several part time jobs instead of a full time job, may have a more difficult time. 

Having a foreclosure or short sale will not keep you from ever owning a home just takes a little time and work! 

Are you recovering from a short sale or foreclousre and think you are ready to buy?  Give us a call and let one of our experienced agent point you in the right direction. 

Winter Hacks

by Fontaine Family

Here Comes The Snow here comes MORE snow is more accurate.
With several storms in the past week and a half, everyone is looking for ways to make dealing with the snow, ice, and cold weather easier.
Here are a few "Winter Hacks" to try out during the storm today and tomorrow. 

1.  Melt Ice Off Your Car
If you spray your car windshield with a mixture of 2/3 vinegar and 1/3 water, it should melt the ice making it easier for you to clear it off.  Anything that makes removing ice is worth a try!

2.  Make Shoveling Easier
Spraying your snow shovel with cooking spray should help the snow slide off instead of sticking to your shovel.

3.  Remove Salt Stains From Your Shoes
If you happen to be caught out without your "Bean Boots", you know all about salt stains on your shoes.  Mix 1 tablespoon of vinegar to 1 cup of water, dip a cloth in it, and wipe your shoes to remove those ugly stains. 

Click here to check out more ideas to make your winter easier on "Winter Ready" board on Pinterest.

Can A Home Be Romantic?

by Fontaine Family

Can a Home Be Romantic?
It can certainly have some romantic features.
Here are our top 3 romantic features for your next home.

1.  Cozy Fireplace
What's more romantic that curling up with your valentine in front of a crackling fire on a snowy February night? 

2.  Private Master Bedroom
Soft colors, plush bedding, gorgeous chandelier...away from the kiddo's rooms and bustle of the family areas...that's romantic!

3.  Lights on Dimmers
You can change the whole mood of a room by just dimming the lights.  Turn the lights down low, and open up a bottle of wine! 

What are your top romantic wish list items for your next home? 
We can help you find them! 
Call us today! 

Maine Home Sales Are Up!

by Fontaine Family

Maine Home Sales and Prices Were Up in 2016!

The year-end numbers are in and both the number of homes sold and the sale prices for Maine overall were up in 2016 over 2015. 

The number of Maine home sales increased
from 15,672 homes sold in 2015 to 17,507 homes sold in 2016

Home prices in Maine also increased
from a median sale price of $180,500 in 2015 to a median sale price of $189,400 in 2016

Are you interested in what prices are doing in your neighborhood or what your home is worth in today's market?
Call today and one of our experienced agents will be happy to answer all your questions! 

Auburn office:  (207)784-3800
Scarborough office:  (207)289-3830

Displaying blog entries 1-4 of 4

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Fontaine Family - The Real Estate Leader
336 Center St. Auburn, ME 04210
432 US Route 1 Scarborough ME 04074
(207)784-3800 Auburn
(207)289-3830 Scarborough
Fax: (207)786-2957

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