HouseHunt Insider
In This Issue
* Seasonal Suggestion
* Making the Holidays Greener
* Preventing Foreclosure
* Critters, Keep Out!
* Make What You Already Have Fab: Hire a Redesigner
* Avoid Mortgage Mayhem
* Monthly Survey
* Past Issues: November, October, September, August
Monthly Quote

“The worst gift is a fruitcake. There is only one fruitcake in the entire world, and people keep sending it to each other.”

- Johnny Carson, American entertainer, (1925-2005)

Tip of the Month

Part of the fun of the holidays is the spectacle: the glittering lights, the colorful gifts, the thoughtful cards. Whatever holiday you celebrate, make your home more festive with these easy tips:

Hanukkah: Combine cobalt blue items with silver to make every aspect of your home ready for the festival of lights. If you’re hosting a meal, purchase cobalt blue stemware, which is great for company. An elegant cobalt vase filled with white roses or silver balls or stones makes a lasting impression. You can place it between a pair of silver candlesticks or in front of a sunny window to create a stunning look.

Christmas: You don’t have to cover your home in lights, snowmen and garlands to jazz up your holiday. A few simple decorations can transform your home from normal to Christmassy!

• Purchase and hang some stockings – this item instantly says “Christmas”!

• Hang a wreath. Available in countless stores and in styles that range from traditional to kitschy to swanky, a wreath welcomes guests into your holiday home.

• Play some Christmas music. Although not a decoration, playing a little “Jingle Bells” and “White Christmas” gets everyone in the holiday mood.

• Dim your lights and light some candles. Easier to set up and take down than lights, candles are elegant and festive. You can choose between a variety of colors, but you should go with a theme, such as red and green or silver and gold. You can also throw in one or two strongly scented candles to add the smells of the holidays to your home, such as baking cookies or freshly cut Christmas trees.

• Pick up a few poinsettias. Another instant way to give your home some holiday pick-me-up! Place a few in prominent places, such as at the foot of a staircase or in the corners of your dining room.

Kwanzaa: There are a few key items that you shouldn’t be without when celebrating Kwanzaa: a mkeka (a place mat usually woven of straw or raffia), a kinara (candleholder), mishumaa saba (seven candles – one black, three green, three red), mazao (fruits and vegetables representing crops), vibunzi (one ear of corn for each child in the household) and a kikombe cha umoja (communal unity cup). Once you have these items, decorating for the Kwanzaa celebration is easy. If you celebrate Thanksgiving and/or Christmas, you can recycle many items you would use for those holidays. From Thanksgiving, you can re-use many of the harvest-themed items, such as ears of corn, squash and gourds (just make sure you omit the cornucopia, since it is a Western tradition). Since red and green are also colors of the African flag, you can purchase solid-color items to use for both holidays, such as napkins, table runners, placemats and candles. To decorate your Kwanzaa table, first put a red or green tablecloth on the table to protect your wood surface. Center the mkeka on top of that as either a table runner or a square table topper. Place a kinara as your centerpiece, with the black candle in the middle, the three red candles on the left and the three green candles on the right (you can also alternate candles if you wish). Place baskets and wooden bowls of fruit and vegetables around the kinara and arrange your ears of corn around the bowls and baskets. From there, you can get creative, whether it’s hanging the African flag in the room or some African-themed posters.

Source: Holiday Decorating for Dummies by Kelley Taylor, Wiley Publishing, Inc., 2003.

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Preventing Foreclosure

Foreclosures are definitely on the rise due to risky lending and a sluggish market. We’ll walk you through avoiding foreclosure on your home.

You’re bound to have at least one in your neighborhood. Maybe more. Foreclosures: they are on the rise due to risky loans that homeowners have trouble paying over the long term. Experts estimate that a million homes might face foreclosure this year, which is 30% more than in 2006! Foreclosure scams are also making the crisis worse. A recent Parade article discusses some tips on avoiding foreclosure and what to do if you think it might happen to you.

1. Contact your lender. At the very moment you have a problem paying your home loan, contact your lender. Most lenders, especially in the face of the growing crisis, want to help you keep your home.

2. Be responsive. Watch for correspondence from your lender. Most lenders offer plenty of chances to refinance before your adjustable rate’s honeymoon period is up. If your rate has already adjusted, watch for early letters from your lender offering options to avoid foreclosure. Later letters are often legal notices that cannot be ignored. “I didn’t open my mail” won’t work as a valid excuse in foreclosure court.

3. Understand your rights. If you are facing foreclosure or are concerned about it, read your loan papers and research foreclosure laws in your state. Know what to expect if you find yourself in the unwelcome situation of foreclosure.

4. Prioritize your debt. After health care, paying your home loan should be your top priority, even before paying off other debt. Do whatever it takes to keep your home, even if it involves cutting all but the most necessary spending or getting another job.

5. Watch out for foreclosure-prevention companies and scams. There are countless scams out there, even ones to swindle desperate homeowners. You do not have to pay fees to get foreclosure help and you should not ever sign a document from someone claiming that they can stop your foreclosure. One scam called “equity skimming” involves a “buyer” offering to repay the mortgage if you sign over the deed and move out. You are then saddled with the debt and no house.

6. Get help. The Department of Housing and Urban Development (HUD) offers free or low-cost counselors (call 1-800-569-4287 to contact one). You can also find information on the Internet about avoid foreclosure at www.fha.gov. Your lender might also be able to connect you with free or low-cost counseling.

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