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Category Archives: Preparedness
Puget Sound Single Family Residential Homes and Condominium Inventory Is Rising to Decade Highs
Just four months after the government’s famous first time home buyers credit, the inventory levels in Seattle and surrounding areas are on the rise – to their highest levels in over 10 years. Furthermore, buyers are disappearing amidst record low … Continue reading
Posted in Financial Safety, Foreclosure, Market Commentary, Preparedness, Seattle, Washington
Tagged Bellevue, Inventory, Issaquah, Kirkland, Mercer Island, Pricing, Real Estate, Redmond, Seattle, Sellers
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How to Write a Short Sale Hardship Letter
Hardship Letters often make or break the result of you selling your home as a short sale. Banks focus on the hardship letter to see how you’re really affected personally with your financial situation. Learn how to write the best … Continue reading
Beware the Loan Modification Merry-Go-Round
By Bob Sullivan Originally posted: Friday, March 6 2009 at 05:00 am CT There’s been a lot of talk lately about loan modifications for homeowners facing foreclosure, a discussion that reached a crescendo on Wednesday when the White House announced … Continue reading
Are Loan Modifications Causing Foreclosures? By Richard Gaudreau
By Richard Gaudreau Originally posted: August 20, 2010 10:58 AM When the economy crumbled in 2008 as real estate values plummeted, Congress was under pressure to appease the public’s demand for action to stem the tide of foreclosures. Congress considered … Continue reading
A Stroll Through The Short Sale Process
If you’re having trouble making your mortgage payment but want to avoid foreclosure, the short sale process is one way to go. At the very least, you’ll be able to put off a foreclosure for up to a year; at … Continue reading
Posted in Foreclosure, Government Programs, Market Commentary, Preparedness, Short Sale Information
Tagged Bellevue, Seattle, Short Sale, Specialist
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Foreclosure Scams To Avoid
There are too many foreclosure scams for us to list here, so we are going to describe several simple questions to ask yourself before you sign any documents or send money to anyone. Ask yourself the following questions: When you … Continue reading
Posted in Financial Safety, Foreclosure, Fraud and Scams, Market Commentary, Preparedness
Tagged Bellevue, Foreclosure, Kirkland, Seattle, Washington
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Private Mortgage Insurance and Deficiency Judgements
When you carry private mortgage insurance and go through foreclosure, do you have the potential to get hit with a deficiency judgement? Private mortgage insurers have the right to file deficiency judgments. And they do where it is legal and … Continue reading
Posted in Lending, Market Commentary, Mortgage / Real Estate Laws, Preparedness, Short Sale Information
Tagged Lending, PMI, Realtor, Seattle, Short Sale
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“I think I’ll Just Wait Till The Market Gets Better….”
“I think I’ll Just Wait Till The Market Gets Better…” I’ve been hearing from seller’s, “I think I’ll just wait to sell until the market gets better.” Well, I don’t think you’re going to see this for the next 2-3 … Continue reading →