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Posted by Debra & John Blanchet on 8/23/2017

It may be the last thing that you want to hear. But, keeping up with your mortgage payments may not be enough to keep you in your house. Homeowners living in major cities have been faced with these three scary things that could push  you out of your house.

Why you could lose your home even if you've been making mortgage payments

At the top of the list of scary things that could force you out of your home are property taxes. Penalties for making late property tax payments vary from state to state. Depending on where you live, you could be hit with interest on property taxes that you owe.

The interest may accrue monthly. This offers good incentive to catch up in your property tax payments as soon as possible. Fall behind on paying property taxes for a year or longer and local government could send someone from the sheriff's office to your house to serve you papers.

A lien might be placed on your house. If you don't resolve the issue in time, you could watch your house get sold. Even if the local government doesn't sell your house after you fall to far behind in your property tax payments, your name could be published in a list of delinquent property tax payers.

More scary things that could take your house

Should you decide to sell your house and move out of an area that has high property tax rates, the fact that you're on the delinquent list could scare away potential buyers. You also might decide not to put your house on the market, choosing instead to argue with local government officials about the injury that rising property taxes could cause to thousands, perhaps millions of people.

Rising interest rates and failing personal health could cause you to lose your home. Let your health fail and you may not be able to generate enough income to pay homeowners insurance, mortgage insurance or interest rates.

You might only have enough money to cover the principal on your mortgage. Similar to property taxes, rising interest rates could force you to spend $100 or more extra money to keep your house. To keep up with these costs, you could start falling behind in your mortgage.

Paying your mortgage may not keep you safe

Falling behind in your monthly mortgage payments isn't the only thing that could cost you to lose your home. Rising property taxes, interest rates and health challenges could also see you get forced out of your house.

Buying a house in a jurisdiction that sharply increases the amount of property tax that you owe could also cost you a house. Changes in interest rates and your personal health could also significantly impact your ability to stay in your house. The only way out of the tight spot might be to sell your house, bring in a renter or start building a savings that you can fall back on should one of the three scary things that could take your house occur.




Tags: house   lose your home  
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Posted by Debra & John Blanchet on 8/21/2017


185 Manville Hill RD, Unit#409, Cumberland RI, 02864

Condo

$169,900
Price

2
Beds Total
4
Numberof Rooms
2
Baths
Delightful Two Bed One Level Condo in Rosewood Estates. This Bright and Sunny End Unit is Located on the 2nd Floor and Features; Newly Updated Granite Kitchen, Open Dining Area and Living Room, Gas Fireplace, Slider to Private Deck, Master Bed with Master Bath and Walk In Closet, Large 2nd Bedroom, In Unit Laundry, Central AC, Separate Storage, Community Pool and Clubhouse. Call Today for Private Showing!
Open House
No scheduled Open Houses

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Tags: Cumberland   Real Estate   Condo   02864  
Categories: New Homes  


Posted by Debra & John Blanchet on 8/18/2017


60 Oswald ST, Pawtucket RI, 02861

Single-Family

$259,900
Price

4
Beds Total
9
Numberof Rooms
1/1
Full/Half Baths
Come visit this Dormered Cape w/ 4 Bedrooms, 1 on the first floor with Office & Dining Room with Built in, 1.1 Baths & 2 Brick Wood Burning Fire Places. In 2017 Refinished Hardwoods put New Carpets, Painted Basement & Updated Electrical. Dry Basement. Heated & Insulated Back Porch. Wood Burning Stove in Garage, 2016 Painted Outside, Fenced, Garden, Flowers, Nice Back Yard. 2 Minutes from Slater Park. A Must See, Call For Private Showing. Just Move In.
Open House
Sunday
August 20 at 1:00 PM to 2:00 PM
Cannot make the Open Houses?
Location: 60 Oswald ST, Pawtucket RI, 02861    Get Directions

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Categories: Open House  


Posted by Debra & John Blanchet on 8/16/2017

Good home roof self-inspection habits could yield short and long term financial rewards, including keeping the value of your home strong. But, what should you look for while inspecting your houseís roof? Of all the signs that your roof is healthy absence of leaks is consistently an indicator of good roof structure. Additional signs that your house roof is in good shape include:

  • Healthy shingles. Roof shingles should not be missing, darkly stained or eroding. Roof shingles should also not be cracked, curled or cupped.
  • Dry and clean exterior walls are other potential signs that your house roof is healthy. Wet or stained walls could be a sign that your roof is leaking.
  • Ceilings that are free of water spots may be evidence that your roof does not have cracks or leaks. If you spot stains or spots in a room, consider inspecting your roof. See no damage, but the problem persists? It may be time to call a roofing contractor.
  • When it rains, even during hard rains, if all rooms in your home, including your basement, remain dry, your roof could be in good condition.
  • Age is another indicator that your roof may be healthy. Depending on the type of material your roof is made of, your roof could remain healthy for 15 to 25 years.
  • Caulk is solid and not cracking.
  • Moss and rust are not seen on the top or bottom of your roof.
  • Vent pipes are free of rust.
  • There are no dents or misshaped portions of the roof. Hailstorms and heavy snowfalls could cause a roof to dent or become misshaped. Consider inspecting your roof following a hard storm, as high winds, hail damage could lead to more troubling issues. To keep your roof healthy during winter, itís advisable to leave a light layer of snow on the roof. But, you donít want to leave several inches of snow on the roof for a prolonged period.
A fire retardant roof system could protect your entire home. The National Center for Biotechnology Information recommends a Class A fire rated roof system. If you are in the process of buying a house, ask the inspector to tell you the roof system class for the house you are thinking about purchasing. Pay attention to water stains on walls. You could also ask your realtor if the house has flooded before. If youíre a current homeowner, inspect your house roof at least once a year (and following a hard storm). Similar to an annual physical checkout with your physician, regular roof inspections can help you to spot erosion and damage early, potentially saving you from costly roof repairs or roof replacement.





Posted by Debra & John Blanchet on 8/13/2017


76 Burlingame RD, Smithfield RI, 02917

Single-Family

$399,000
Price

3
Beds Total
5
Numberof Rooms
3
Baths
Just Move In, Custom Built, 1 Level Living, Open Living, Sunk-in Living Room with Stone Wood Burning Fire Place, 3-4 Bed w/ 3 Full Baths, Master Suite with Master Bath & Walk-in Closet & Slider to Back Deck, Large Wrap Around Deck w/ New Motorized Owning, Mud Room, 2 Car Garage, Dry Finished Basement w/ Family Room, Office, 4th Bedroom in Basement, 4 Bed Septic, 2 Work Benches. A Must See To Appreciate, Call Today For A Private Showing.
Open House
No scheduled Open Houses

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Categories: New Homes  




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