realtor | Jen McMorran Realtor, SRES 508-930-5259

No Wave of Foreclosures this Time

Posted on November 8, 2021December 27, 2021 by BeHomeBeWell

Why a Wave of Foreclosures Is Not on the Way

With forbearance plans coming to an end, many are concerned the housing market will experience a wave of foreclosures similar to what happened after the housing bubble 15 years ago. Here are a few reasons why that won’t happen.

There are fewer homeowners in trouble this time.

After the last housing crash, about 9.3 million households lost their homes to a foreclosure, short sale, or because they simply gave it back to the bank.

Why a Wave of Foreclosures Is Not on the Way | MyKCM

As stay-at-home orders were issued early last year, the fear was the pandemic would impact the housing industry in a similar way. Many projected up to 30% of all mortgage holders would enter the forbearance program. In reality, only 8.5% actually did, and that number is now down to 2.2%.

As of last Friday, the total number of mortgages still in forbearance stood at 1,221,000. That’s far fewer than the 9.3 million households that lost their homes just over a decade ago.

Most of the mortgages in forbearance have enough equity to sell their homes

Due to rapidly rising home prices over the last two years, of the 1.22 million homeowners currently in forbearance, 93% have at least 10% equity in their homes. This 10% equity is important because it enables homeowners to sell their homes and pay the related expenses instead of facing the hit on their credit that a foreclosure or short sale would create.

The remaining 7% might not have the option to sell, but if the entire 7% of those 1.22 million homes went into foreclosure, that would total about 85,400 mortgages. To give that number context, here are the annual foreclosure numbers for the three years leading up to the pandemic:

2017: 314,220
2018: 279,040
2019: 277,520

The probable number of foreclosures coming out of the forbearance program is nowhere near the number of foreclosures that impacted the housing crash 15 years ago. It’s actually less than one-third of any of the three years prior to the pandemic.

The current market can absorb listings coming to the market

When foreclosures hit the market back in 2008, there was an oversupply of houses for sale. It’s exactly the opposite today. In 2008, there was over a nine-month supply of listings on the market. Today, that number is less than a three-month supply. Here’s a graph showing the difference between the two markets.

Bottom Line

The data indicates why Ivy Zelman, founder of the major housing market analytical firm Zelman and Associates, was on point when she stated:

“The likelihood of us having a foreclosure crisis again is about zero percent.”

It is my true pleasure to work hard for my clients and your referrals throughout Massachusetts, Rhode Island, and Cape Cod. Please let me know what questions you may have and how I can be of the best assistance to you.

Jennifer McMorran, Realtor, SRES
New Construction & First Time Home Buyer Specialist
MA, RI, and Cape Cod & Islands Licensed Real Estate Sales Associate
Keller Williams Elite
508-930-5259
Jen.McMorran@gmail.com
www.jenmcmorran.realtor
real people. real estate.

Reflecting on 2019

Posted on February 19, 2020February 20, 2020 by BeHomeBeWell

It’s here… can you believe it is 2020? Seriously, 1990 is now just as far in the past as 2050 is in the future. Crazy. And I can’t believe I have been away from BeHomeBeWell for so long. I am thrilled to be able to dedicate some time to share here once again.

Reflecting on 2019 I am proud to say that as a Mom I made it through the college application process, FAFSA application process, final dance recitals, senior prom, high school graduation, and then dropping my daughter off for her freshman year of college – all during one of the busiest and most successful years in real estate I have had.

A huge thank you to all of my amazing buyers and sellers. I couldn’t have done it without you.

As my clients, you all had very different stories. Different challenges. Different motivations. But, together we go it done, no matter the obstacle. It was your willingness to collaborate and work towards a solution that lead to so many homes being sold, so many homes being bought, and so many homes being built. What an honor to have had the opportunity to work with each one of you!

42 Saint James Place, Attleboro

1405 Commerce Way, Attleboro

5 Ashton Rd, Attleboro

24 Saint James Place, Attleboro

385 Slater Street, Attleboro

52 Teaberry Lane, Attleboro

81 Avalon Drive, Attleboro

And congratulations on so many of your blessings over the past year! Engagements, weddings, babies, new homes, retirements, cancer remission, new jobs, new puppies, exciting home renovations, and even a much needed transplant for a very deserving gentleman. Just amazing and know I have celebrated all of that with you.

Along with the celebrations there have also been struggles and sadness. Many lost loved ones, dealt with incredible mental health and medical diagnoses, had jobs eliminated, suffered injuries, and faced sudden and unexpected financial difficulties. Life has a way of challenging us that is for sure. There were many moments I would cry quietly in my car thinking of all you were enduring … no doubt about it, life is hard.

Sharing your personal journeys and your real estate journeys has allowed me to continue to grow, learn, and appreciate all of my amazing blessings. Thank you again for allowing me to earn your trust and be a part of making your last real estate move whether buying or selling. I also wanted to let you know, that once again, as each of your deals closed this year, you made a difference in the lives of children living with serious illnesses and their families. My family tucked away $100 per closing to donate to an organization very near and dear to our hearts – The Hole in the Wall Gang Camp. They made all of the difference for us when our daughter Zoe was diagnosed with brain cancer and they still continue to make a difference today for Avery, Pat, and me as we learn to live as a family of three now. This year we donated $4000. We could not be happier about making such a big contribution to such a worthy cause.

Heading into 2020, I wish you much happiness and health in the year to come…

If there is ever anything I can do for you or anyone you may know, please do not hesitate to reach out.

All of the best,
Jen

Jennifer McMorran, Realtor, SRES
New Construction & First Time Home Buyer Specialist
Senior Real Estate Specialist
MA & RI Licensed Real Estate Sales Associate
Kensington Real Estate Brokerage
508-930-5259
Jen.McMorran@gmail.com
www.jenmcmorran.realtor

real people. real estate.

Serving clients throughout
Massachusetts & Rhode Island.
Boston – Attleboro – Providence
and the communities in between.

You can own a home!!

Posted on February 22, 2019 by BeHomeBeWell

Are you wondering if buying a home is a possibility for you?

Do you dream of personalizing a home to your own tastes and lifestyle?

Are you tired of paying your landlord’s mortgage and being limited their rules?

Being a first time home buyer is very exciting – and a little bit scary for some :), but I have an awesome team of experienced professionals who can help get you ready and guide you through the entire process. I am just a call, an e-mail, or a click away to start your home search so let’s find time to chat about your needs, your wants, and your budget. In the meantime, here are 3 Tips for Making Your Dream of Homeownership come true…

First Time Home Buyers are one of my specialties and I have many satisfied “first timers” who made it through the process. Happy to make a connection if you’d like to talk with someone who has recently been through a complete transaction from searching on-line to getting their keys at the closing table. And as they will all attest to, I have lots of stories to share from my vast experience in real estate over the past 20+ years 🙂 Every deal seems to have its own nuances these days, but be assured, I have a solid reputation in the real estate industry, I always have an eye on the big picture while working through the little details, and I am committed to the goals of my buyers and sellers.

Always happy to be of any assistance to you or anyone you know who is thinking about buying or selling a home. I love to work hard for my clients and your referrals throughout Massachusetts and Rhode Island.

Jennifer McMorran, Realtor, SRES
New Construction & First Time Home Buyer Specialist
MA & RI Licensed Real Estate Sales Associate
Kensington Real Estate Brokerage
508-930-5259
Jen.McMorran@gmail.com
www.jenmcmorran.realtor

results that move you.

Serving clients throughout
Massachusetts & Rhode Island.
Boston – Attleboro – Providence
and the communities in between.

Coming soon to a neighborhood for you!

Posted on February 4, 2019February 11, 2019 by BeHomeBeWell

Coming soon!!
Brigham Hill Estates
76 Ingall Lane, Attleboro
Offered at $624,900

76 Ingall Lane in Attleboro is well underway on the sought after and last remaining cul-de-sac lot of Phase II in Brigham Hill Estates. Are you ready? Because this one could be ready in April!

Surrounded by other amazing custom homes, 76 Ingall Lane is a 2600sf, 3BR, 2.5BA Colonial and will once again offer incredible style and the superior quality that all of our buyers have grown to expect (along with many of the Attleboro area’s best realtors who bring clients back again and again).

76 Ingall Lane boasts amazing space for everyone. The main living level features a gourmet kitchen with huge island and open floor plan to dining area and spacious family room with fireplace & built-ins, a formal dining room, a butlers pantry, and a stylish mudroom. Upstairs enjoy a luxurious master suite, two additional great sized bedrooms, plus a bonus room above the garage for an office, playroom, nursery, hobby room, or just a you-room. Need more space? You will love the full walk out basement with tons of full sized windows & light, rough plumbing for a future bath, and unbelievable possibilities!!!

Do you enjoy sunsets? Fresh air? Relaxing and playing in a your yard? This home sits on a 20,000sf lot that is fairly shallow as you can see from the pictures, but don’t worry! The charming covered deck off of the kitchen, beautiful views of greenspace, huge side yard, woods for privacy in the back of the house totally make up for that!

(Stay tuned for more photos as the interior of this home progresses… it is going to be amazing!)

Brigham Hill Estates has become the destination for buyers searching for high end new construction in an established subdivision of luxury homes. Whether traveling to the Rhode Island, Massachusetts, or Connecticut by car, flying out of TF Green or Logan Airport for work and leisure, or jumping on a train to get into Boston, Brigham Hill Estates is the perfect location to call Home.

Once our homes near completion, they do not last long on the market! Give a call 508-930-5259 and let’s set up a time to take a tour and talk about how we can make your dream home a reality.

results that move you.

Serving clients throughout
Massachusetts & Rhode Island.
Boston – Attleboro – Providence
and the communities in between.

Classic Buffalo Wing Recipe to Bring Home the Win!

Posted on October 21, 2018October 21, 2018 by BeHomeBeWell

I’m not just a Realtor who is good at finding houses 🙂 I also love finding the perfect recipes for the foods we love best. If you are looking for the perfect chicken wing recipe, I assure you, this classic will bring home the win every time!

We pretty much will eat anything that has been “Buffalo-ized” in our house. Chicken, shrimp, mac & cheese, pizza, egg rolls, dips, calamari, French fries, baked potatoes … we’ve done it all! So thankful to have discovered this recipe as we now routinely come back to these classic wings based on the original Anchor Bar recipe from Buffalo, NY. (It’s been a long time since I ate wings in Buffalo, NY , but we make these at least once a week and now prefer them to ordering out in our area!)

About 3 lbs of chicken wings (you can buy the wingettes already set to go, or buy whole wings cut them apart at the joint)
1 Tablespoon peanut oil (or vegetable oil)
1 tsp salt
1 cup flour
1 1/2 Tablespoons white vinegar
1/4 tsp cayenne pepper (increase slightly for hotter wings)
1/8 tsp garlic powder
1/4 tsp Worcestershire sauce
1 tsp Tabasco sauce (increase slightly for hotter wings)
1/4 tsp salt
6 Tablespoons Frank’s hot sauce
6 Tablespoon butter

Preheat oven to 425 degrees F.

1. Toss wings in a bowl with oil and salt. In large zip lock bag, add flour. Add wings to ziplock with flour and shake until evenly coated.

2. Line cookie sheet with foil and oil (I usually use about 1 Tablespoon of peanut oil for added flavor and evenly coat the foil by spreading it around with my fingers. Make sure it is all covered so wings don’t stick.)

3. Take wings out of bag, shake off extra flour, and place on cookie sheets. Do not crowd them so they bake evenly. Place on bottom rack of oven and bake for 20 minutes at 425. Then flip and bake for another 20 minutes, or until wings are cooked through.

4. Time to make your sauce… in sauce pan combine white vinegar, cayenne, garlic powder, Worcestershire, tabasco, salt, Frank’s hot sauce, and butter. Cook on low heat until blended then let turn off heat and let sit (Go low and slow with the heat when cooking the sauce. If you cook on too high of a heat, the butter will separate from the sauce.)

5. Once wings are done cooking, place in large mixing bowl. (I try to stack them up on the edges of the bowl so when I pour the sauce in, it is a little easier to evenly coat the wings.) Gently toss with wooden spoon or spatula (don’t get too “rough” with them, you don’t want them to lose any of their crispy coating goodness).

6. Serve with blue cheese and celery. Enjoy!!

Jennifer McMorran, Realtor, SRES
Senior Real Estate Specialist
First Time Home Buyer/Seller Specialist
New Construction Specialist
Licensed in MA & RI
Jen.McMorran@gmail.com
www.jenmcmorran.realtor

real estate for real people.

Serving clients throughout Massachusetts and Rhode Island.
Boston to Attleboro to Providence and all of the communities in between.

Let’s Get You Home

Posted on July 27, 2018July 27, 2018 by BeHomeBeWell

GETTING YOU HOME!
Jen McMorran, Realtor, SRES
508-930-5259
jen.mcmorran@gmail.com
Kensington Real Estate Brokerage
http://www.BeHomeBeWell.com

You thought finding the right real estate agent, getting pre-approved by a mortgage officer, searching through listings, riding through neighborhoods, and touring houses to find the right home was the hard part? That’s just the beginning, but a beginning to what should be a happy ending. Buying (and selling a home) is process. See below for a general guide to keep that process moving along…

Making an Offer:
1. Find a great home
2. Determine offer price
3. Determine amount you will be financing
4. Determine a closing date
5. Jen will complete the offer form for you to review and sign
6. Deposit check to listing office to bind the offer (typically $1000, it does get deposited!)
7. Pre-Approval Letter from your bank or mortgage company
8. MA Agency Disclosure Form signed at first meeting
9. A personal note to the sellers is nice touch depending on situation
Jen sends it all to the listing agent.

Negotiate.

Agree on price and terms

Sign revised contract and check gets dropped off to listing agent to deposit

Contact attorney and home inspector

Home Inspection.
*Looking for major mechanical, structural, safety, and health issues.
1. Jen can recommend trusted home inspectors or check with friends, family, co-workers
2. Must take place typically within 10 days of signed offer.
3. Attending as a buyer is important to learning how the house “works”
and hearing what deficiencies may exist and what to do about them.
4. Negotiate any issues.
Sellers can make repairs, seller can give a credit, or seller can do nothing.

Purchase and Sale Agreement (P&S)
Overriding contract to the offer in the sale of the home
Worked on and agreed upon by both the buyers’ and seller’s attorney
Make additional P&S deposit – bank check to listing company

Appraisal.
Ordered by your mortgage company. Paid for by you.

Completing Mortgage File.
Submit anything & everything your mortgage company asks for,
when they ask for it,
and no matter how many times they ask for it 

Mortgage Commitment.
Your loan along with the property you are purchasing have been approved by the bank
You likely will still have a few conditions on your to-do list – make sure “to do” them

Clear to Close from mortgage company (nothing left on your mortgage to-do list)
Closing Disclosure issued and three days later… Closing!!

Then guess what? You’re Home!

Always a pleasure to be of any assistance to you or anyone you know who is thinking about buying or selling a home. I love to work hard for my clients and your referrals throughout Massachusetts and Rhode Island.

Jennifer McMorran, Realtor, SRES
New Construction & First Time Home Buyer Specialist
MA & RI Licensed Real Estate Sales Assocate
Kensington Real Estate Brokerage
508-930-5259
Jen.McMorran@gmail.com
www.jenmcmorran.realtor

real estate for real people.

Serving clients throughout
Massachusetts & Rhode Island.
Boston – Attleboro – Providence
and the communities in between.

Why own a home?

Posted on June 1, 2018June 1, 2018 by BeHomeBeWell

Are you thinking it is time to make the move into to homeownership?
Helping buyers purchase the right home is what I do.
Put my extensive experience as a real estate professional in local residential home sales to work for you! Just give a call 508-930-5259 or an e-mail jen.mcmorran@gmail.com.

Not sure where to start? First Time Home Buyers are one of my specialties. I have the patience, knowledge, and the right team of professionals to guide you through the entire process. I surround myself with professionals who understand that as a First Time Home Buyer you are going to have questions, you are going to be getting advice (good and bad) from family and friends, and that you aren’t even going to know enough about some parts of the transaction to know you should be asking questions. That is when we make the biggest difference for you. We aren’t just about numbers and deals… we are about working with people to assist them in making the best decisions they can when it comes to their upcoming homeownership move.

When you make the choice to work with me, you will also have the opportunity to work with some of the best mortgage officers, home inspectors, attorneys, and contractors around. We have a track record of respect in the industry and success in reaching our clients’ home ownership goals. The best part … we are ready now to work hard for you!

real estate for real people.

Serving clients throughout
Massachusetts & Rhode Island.
Boston – Attleboro – Providence
and the communities in between.

Easy Pear Salsa – it’s another good one!

Posted on May 30, 2018May 30, 2018 by BeHomeBeWell

I am still a huge fan of my favorite Black Bean and Corn Salsa. This year-round delicious pleaser continues to wow crowds whether at a backyard BBQ, sitting poolside, or snuggled onto the couch to watch the Super Bowl. BUT, I now have another fresh tasting salsa recipe that a good friend introduced me to. I could easily devour (and have devoured – sorry Jess!) an entire the bowl if left in front of me.

I am now officially adding this Easy Pear Salsa to my list of favorite recipes. The sweetness from the pears, the acid from the lime juice, along with the hot spiciness from the jalapenos is just perfect. Awesome on a tortilla chip or something sweet and spicy to liven up blackened fish or chicken – I’m getting hungry just thinking about it!

This recipe is definitely worth bringing to any picnic or cookout this summer!! (Jess mentioned that her recipe came from Weight Watchers – the photo from the Weight Watchers site to the left will link you to their “Pear Chutney”. I’m thinking if I called it chutney, I might not get as many people willing to try it 🙂 . )

Ingredients:

2 ripe Bosc or Anjou pears diced to fit on a chip (I leave the skins on)
1/4 cup chopped fresh cilantro
1 finely chopped jalapeno (no seeds)
1/4 cup dried cranberries (I dice them small again to fit on a chip. If you do chop them, don’t be surprised that your dip turns pink )
2 tablespoons finely chopped red onion
1 tablespoon fresh lime juice (one lime)
approx 1/2 teaspoon salt (add a little at a time to taste)

Directions:
Chop pears, cilantro, jalapeno, red onion, and cranberries.
Add to bowl. Toss gently.
Add fresh lime juice. Add salt to taste. Gently toss.
Let sit 10-15 minutes.

Serve.

Awesome with tortilla chips, Triscuits with Brie cheese, fish, blackened chicken or just in a spoon!!

Jennifer McMorran, Realtor, SRES
New Construction & First Time Home Buyer Specialist
MA & RI Licensed Real Estate Sales Assocate
508-930-5259
Jen.McMorran@gmail.com
www.jenmcmorran.realtor

real estate for real people.

Serving clients throughout
Massachusetts & Rhode Island.
Boston – Attleboro – Providence
and the communities in between.

Seniors Real Estate Specialist – I am at Your Service!

Posted on January 9, 2018January 9, 2018 by BeHomeBeWell

As I look forward to another successful year serving all of my clients and referrals, I am so pleased to announce my most recent accomplishment…

Jennifer McMorran Earns NAR Designation in Seniors Real Estate

Attleboro, MA, January 2018 – — Jennifer McMorran with Kensington Real Estate Brokerage has earned the nationally recognized Seniors Real Estate Specialist^® designation from the Seniors Real Estate Specialist Council of the National Association of Realtors^®.

McMorran joins more than 15,000 real estate professionals in North America who have earned the SRES^® designation. All were required to successfully complete a comprehensive course in understanding the needs, considerations, and goals of real estate buyers and sellers aged 55 and older.

Working with seniors to meet their housing needs requires an expert understanding of their unique lifestyle and financial needs, and the SRES^® designation means that a Realtor^® has that understanding. Whether they are buying, selling relocating or refinancing, seniors can be confident that Jennifer McMorran, a Realtor^® designated SRES^®, will be able to help them every step of the way. As one of the Attleboro area’s top producing Realtors^®, she enjoys growing both personally and professionally through each transaction and is eager to put her knowledge and experience to work for her clients and referrals.

Jennifer McMorran is a successful Real Estate Sales Associate with Kensington Real Estate Brokerage. Licensed in both Massachusetts and Rhode Island, she enjoys serving clients anywhere from Providence to Boston. She has a true passion for mentoring First Time Home Buyers, guiding clients through New Construction, assisting Seniors in their housing decisions, and partnering with Sellers to get their homes sold.

SRES^® Council, founded in 2007, is the world’s largest association of real estate professionals focusing specifically on representing senior clients in real estate transactions. There are more than 15,000 active members of the organization world-wide.

The National Association of Realtors^®, “The Voice for Real Estate,” is America’s largest trade association, representing more than 1.1 million members involved in all aspects of the residential and commercial real estate industries.

For more information, visit SRES.org.

# # #

If I can ever be of any assistance to you, your friends, or your family with any real estate needs, just to give a call/text 508-930-5259
or e-mail jen.mcmorran@gmail.com.

I am at your service…

Don’t be scared… get the facts!

Posted on October 30, 2017October 30, 2017 by BeHomeBeWell

Mortgages and the home buying process continually evolve and change to meet the needs of the ever changing consumer, adjust to the state of over all economy, and facilitate a strong housing market without becoming irresponsible again.

So, “No”, it is not like when your parents bought a home 20 years ago or even when you friend bought a home 5 years ago. But knowledge is power. As long as you know the facts, you too can be on the path to home ownership which most financial advisors still believe is one of the best long term investments you can make with your money.
Infographic, Keeping Current Matters, October 2017

And of course, educating and sharing the facts is one of my favorite roles as a real estate agent. Whether I am working with first time home buyers, move-up buyers, empty-nesters, or retirees … the entire transaction moves along smoother when we take as much of the uncertainty and fear out of the process as we can.

Did you know that there are still 0% down payment mortgage programs, 3.5% down payment mortgage programs, and then of course 10%, 20% … The key is to work with a mortgage professional who will talk you through all of your options.

Did you know you don’t have to have a perfect credit score to qualify?

Did you realized that buying a home can ultimately be less expensive than renting?

Remember until you discuss your current situation and goals with a mortgage and real estate professional, you may not have all of the facts. I am always available as a resource to you, your friends, co-workers, family members… feel free to call, text, 508-930-5259 or e-mail jen.mcmorran@gmail.com any time!! I only recommend the best when it comes to mortgage professionals, attorneys, home inspectors, etc. as they are essential to successful transactions. Again, please do not hesitate to reach out if you are in need of a referral or just trying to figure how to start the process. It’s what I do… share information to help buyers and sellers meet their goals.

Jennifer McMorran, Realtor
New Construction & First Time Home Buyer Specialist
MA & RI Licensed Real Estate Sales Assocate
508-930-5259
Jen.McMorran@gmail.com
www.jenmcmorran.realtor

real estate for real people.

Serving clients throughout
Massachusetts & Rhode Island.
Boston – Attleboro – Providence
and the communities in between.