180 Blake St. Victor MT

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Another new listing at 180 Blake St in Victor Montana

This is a HUD property and is “SOLD AS IS” Case# 311-214673. Very large home with easy access to Hwy 93 in Victor. Complete remodel in 2003.

Beautiful large country style kitchen with newer appliances, range, microwave, dishwasher and refrigerator, double stainless steel sinks. Huge timber archway to dining room and another to the living room. Main level bedroom and 3/4 bath. The laundry room has a rear exit and gas hot water heater. A gas
fireplace in the living room is a corner unit and there is a rock wall with exterior chimney for a wood burning stove. Large windows provide plenty of light to all of the downstairs rooms.

An additional full bathroom is off the living room. Staircase window keeps the area well lit during the day. Upstairs there is a very large family room with the gas line installed just waiting for the right gas heater/stove/fireplace. The master suite has it’s own balcony overlooking the backyard and the Sapphire mountains in the distance. The attached bathroom will need some work. There is also a third bedroom upstairs.

The large yard has a privacy fence in the front and north side. While the rear and east side has a chain link fence. The double car garage is over-sized with a wood burning stove and work bench. There are two sheds, one for the well accoutrements and the other has a cement floor and metal roof. A chicken coup completes the additions. There are two wells one for servicing the home and the other for irrigation and the garage. Alley access completes this home.

This is one you really need to see to appreciate. Please visit, to review the addendum and property condition report.












**************************************************************************** © 2016 BHH Affiliates, LLC. Real Estate Brokerage Services are offered through the network member franchisees of BHH Affiliates, LLC. Most franchisees are independently owned and operated. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc ®. Equal Housing Opportunity. Privacy Policy Sherry Fields 1020 South Ave. W., Missoula, MT 59801 | Phone: (406) 207-8448 | Email: *******************************************************************************

2200 Garland Unit 41 Missoula MT 59803

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 Listing Condo at 2200 Garland Unit 41 Missoula

2 Bedrooms, 1 Bath, U shaped Kitchen, laundry room, gas fireplace $94,900 PRICE REDUCED!

This is a Fannie Mae HomePath property, purchase for as little as 5% down. Tastefully updated condo with access to the South Hills Walking Trail (Tonkin Trail) right out your front door.


When you open the door you are greeted with brand new neutral carpeting throughout the whole condo. The main level area is bright with a large window in the front and a sliding glass balcony door in the rear. A cozy gas fireplace provides both beauty and warmth.

A large U shaped kitchen has a window over the sink, plenty of cupboard space and lots of counter top area for preparing meals. Open access to the dining area makes serving meals very convenient. And speaking of convenience the laundry closet is on the main level adjacent to the kitchen.

On the lower level are two very large bedrooms with big closets, a linen closet, a storage area for larger things and a four piece bath. The cedar balcony in the rear overlooks a park-like setting with large shade trees providing a peaceful place to relax or barbecue. There is a covered carport right out the front door, and an additional parking space (not covered) adjacent to the carport for visitors. Please call Sherry Fields 406-207-8448




**************************************************************************** © 2016 BHH Affiliates, LLC. Real Estate Brokerage Services are offered through the network member franchisees of BHH Affiliates, LLC. Most franchisees are independently owned and operated. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc ®. Equal Housing Opportunity. Privacy Policy Sherry Fields 1020 South Ave. W., Missoula, MT 59801 | Phone: (406) 207-8448 | Email: *******************************************************************************

Fannie Mae Survey Says Market Improving

The real estate market is continuing to improve

Evidence shows that foreclosures are continuing to decrease all across the nation. In January Fannie Mae did a survey to discover the National attitude regarding housing, the market and specifically buying and selling real estate.

While December numbers showed a slight rise in foreclosures and short sales, employment gained ground.  Confidence is growing in the consumer market. The majority of Americans feel now is the time to buy and to sell …


Row Housing

Sixty-seven percent of American adults responding to Fannie Mae’s January National Housing Survey said now is a good time to buy a home, the company reported Monday, while 44 percent said now is a good time to sell. Both figures are up from December, when positive responses were at 64 percent and 40 percent, respectively.

Doug Duncan, SVP and chief economist at Fannie Mae, said the country’s current economic momentum played a role in January’s more upbeat views of the housing market.

“Consumers are as positive about their personal finances at the start of 2015 as they have been since we launched the National Housing Survey in 2010, and this optimism seems to be spilling over into housing market attitudes,” Duncan said. “These results are in line with lender optimism about future growth in their mortgage origination business, as shown in our Mortgage Lender Sentiment Survey.”

The share of respondents in Fannie Mae’s survey who said their household income is “significantly higher” than it was a year ago climbed 4 percentage points to a survey high of 29 percent, the company reported. Looking ahead, 48 percent said they expect their finances to improve in the next year, also a survey high.Housing Market Improving

Overall, 44 percent of Americans said they believe the economy is on the right track, an increase of 3 percentage points and only a few points less than those saying the economy is headed the wrong way (49 percent).

That optimism spurred 66 percent of those surveyed to say they would buy a home if they had to move, a jump from 61 percent at the end of 2015. The share of those who would rent, meanwhile, slipped after three months of gains, falling to 29 percent.

“Overall, these are good signs to start off 2015 and are consistent with our expectation that strengthening employment and economic activity will boost the speed of the housing recovery,” Duncan said.

One thing that is sure to bolster this new confidence, is the spring market. Locally we are seeing an increase in listings and buyers, a relief after the severe slow down during November, December and January.

Tory Barringer, DS News

**************************************************************************** © 2016 BHH Affiliates, LLC. Real Estate Brokerage Services are offered through the network member franchisees of BHH Affiliates, LLC. Most franchisees are independently owned and operated. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc ®. Equal Housing Opportunity. Privacy Policy Sherry Fields 1020 South Ave. W., Missoula, MT 59801 | Phone: (406) 207-8448 | Email: *******************************************************************************

Less Mortgage Defaults Might Mean The Standards Relax



The pristine performance of mortgage loans in the U.S. with a vintage of 2009 or later is an indicator that underwriting standards could be loosened, according to CoreLogic senior economist Molly Boesel.

In an analysis entitled “What’s an Acceptable Level of Mortgage Default?” published in CoreLogic’s December 2014 edition of The MarketPulse, Boesel constructs an argument that there is room to relax lending standards based on her assessment that improved housing market conditions and economic conditions, and not just a tighter credit box, are responsible for improved loan performance since 2009.

“Do mortgage vintages really need to be as pristine as they have been in the most recent years?” Boesel said in her analysis. “While there are many factors besides loan performance that should be considered in the policy decisions around access to credit, it is clear that mortgage originations made in the mid-2000s are still driving the SDQ (serious delinquency) rate, and originations made since 2009 are performing much better.”

The percentage of mortgages in the U.S. that were seriously delinquent (more than 90 days past due or either in foreclosure or bank-owned) was 4.2 percent in CoreLogic’s latest data (October 2014), less than half of the peak percentage of 8.6 in February 2010. Out of all the mortgage loans that were active as of the end of September 2014, only 25 percent of them were originated during the years immediately prior to the housing bust (2004 through 2008) while 77 percent of all seriously mortgage delinquent loans as of September 2014 were originated during those years.

When excluding the mortgages originated during 2004 to 2008, the nation’s serious delinquency rate drops by half from 4.2 percent down to 2.1 percent, according to CoreLogic.

Boesel presented two graphs, one that demonstrated serious delinquency rate for all mortgages since 2004 and one that shows serious delinquency rate of “plain vanilla” mortgages (owner-occupied, fully-documented, 30-year-fixed rate, conventional conforming purchase mortgage with mid-to-high credit scores and moderate loan-to-value ratios). The serious delinquency rate was only slightly lower for the “plain vanilla” mortgages, and the loans with a 2005 through 2008 vintage still showed outsized serious delinquency rates, leading her to the conclusion that the impact of tighter lending standards on the declining serious delinquency rate has been minimal.

“Given that forecasts for the economy and unemployment rate indicate slow and steady improvement and for house prices to continue to increase at a moderate pace, the excellent performance of current mortgage vintages gives some support to the notion that underwriting could be loosened in a responsible manner that still supports sustainable homeownership,” Boesel said in her report.

About Author: Brian Honea

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Brian Honea’s writing and editing career spans 13 years across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland.


Increased Incentive For Home Buyers From Fannie Mae

Fannie Mae Announces Incentives

Fannie Mae announced Thursday that home buyers can now receive up to 3.5 percent in closing cost assistance. The help is available within the FirstLook period of Fannie Mae’s HomePath properties in 27 states.

fannie-mae-headquartersThe incentive will offer qualified buyers up to 3.5 percent of the final sales price to pay closing costs.

The FirstLook period has been extended from 15 to 20 days, and gives private homeowners the ability to buy a home without competition from investors.

HomePath is the branding used by Fannie Mae-owned properties, and offers low down payment mortgages on properties that are real estate owned (REO).

“This incentive will provide more opportunities for families to find a property to call home,” said Jay Ryan, Vice President of REO Sales. “Our goal is to sell as many HomePath properties as possible to owner-occupants who will stabilize neighborhoods and help the housing recovery.”

To be eligible for the recently increased incentive, initial offers must be submitted between February 14, 2014 and March 31, 2014, and close on or before May 31, 2014.

HomePath properties include a wide variety of homes, including single-family houses, condominiums, and town houses.

2005 Margaret St Missoula MT 59801

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Central Missoula

Super cute two bedroom, one bath home in a great – convenient location. Other interior features include newer flooring, an updated kitchen, an open floor plan with plenty of built in shelving. There are mirrored doors on the laundry closet giving the appearance of even more space in the dining area.

There is a large deck in the front of the home that provides a perfect place to entertain or just relax in the afternoon shade. The lot is fenced with mature trees, alley access and a shed for extra storage. An over-sized attached single car garage with built in shelving, cupboards, drawers and work bench complete this lovely home. There is truly a lot of potential here for the price!

1900 S 12th St W Missoula

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Great Location 1900 S 12th St W Missoula

1900 S 12th W Missoula

Listing information for 1900 12th St, 2 bedroom 1 bath bungalow in a great location. Large backyard with alley access. Handyman"s delight

Older home in an area of revitalization with new homes, remodels and upgrades. Large back yard with alley access. Remodel was in progress but not finished, living room has a new wall that created an additional room could be used as an office, if a closet is installed it could be a third bedroom.

The kitchen has no appliances and no sink. The bathroom was upgraded but not finished. The basement was being explored for design elements and support systems, but again nothing was completed. A true handyman’s delight in a great area.

HUD homes sold “as is” Case#311-191985 see for more information, Addenda & Disclosures. Also see




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109 Justus Lane Missoula MT 59801

Spacious four bedroom home is close to everything, the Milwaukee bike trail, Good Food Store and much more.

On the main level is an up-to-date galley kitchen with stainless appliances and a lovely bright eating area in front of a large west facing window. The living room is part of the open space which adds to the large feeling. There are two more bedrooms on the main level with large windows and closets.

Second story vaulted ceilings with fans and dormer windows at the roof line make the rooms look and feel huge. The Master bedroom has a wall to wall closet and large windows on the south and east walls. The other bedroom upstairs could also be called a master bedroom it is as large with two closets. Upstairs is a cozy nook that could be a den, a reading library, a child’s playroom – let your imagine design the space. A very large bathroom completes the upstairs.

But there is more … a full unfinished basement with 3 egress windows. This is a HUD home, Case #303-027419. HUD Homes are sold “AS IS”. For further information, disclosures and addenda or to place a bid go to or

4468 Illinois Bench Rd Stevensville MT

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Cute Bungalow 4468 Illinois Bench Rd Stevensville MT


Cute bungalow with great potential on 10 acres. There are three bedrooms with a bonus room. The galley kitchen is small but serviceable with a cute breakfast nook with two windows one facing east for the morning sun and one facing south for the afternoon rays.

A compact bedroom with an anti-chamber hosts a built in desk, extra seating or a single bunk bed. The other two bedrooms are bright and on either side of the bathroom.The living room while not huge is comfy with windows on two sides.

A very large detached double car garage has a great work bench with room for storage. A very nice covered patio is private and looks out over the 10 acres parcel. Great views of both the Sapphire Mountains and the Bitterroot Mountains.

Case#311-199345, “HUD homes are Sold As Is” visit HUD Home Store at for more information on bidding and additional addenda. Also visit for information


2314 147th Drive Corvallis MT

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2314 147th Drive in Corvallis MT

A Great 4 Bedroom 2 Bath Manufactured Home on 2+ acres

This mobile is in very good condition with lots of open space making it feel even larger than it already is. There is a skylight in the kitchen making the galley kitchen feel bright and warm. There is a small eating area, a large utility room with cabinets and one end of the kitchen and a large pantry in the middle. Tiled edges and back splashes give the kitchen a unique look with the light colored wood cabinets. Lots of area to store all of your utensils and there is even a small island.

A formal style dining room just off the kitchen is open to the living room. Both rooms take advantage of the vaulted ceiling again giving a spacious feel to them.

Three bedrooms and a bath are at one end from the living room and the master suite with a garden tub, windows and a separate shower on the other side.

The views of the Bitterroots are incredible out the front windows and from the front deck. In the back there is a covered patio and fruit trees and a shed with great views of the Sapphire mountains. What’s not to like? and at a great price!

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