Short Sales, Loan Modifications, Stopping Foreclosure
Jun
14
2010
0

Kempton Downs, Sammamish buyer walked at short sale approval

Exclusive Kempton Downs short sale gets approval and buyer walks. What a great opportunity to steal a great house without having to wait for bank approval!

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Apr
15
2010
0

The Art of Negotiating

Negotiating daily is like sword fighting for a living. You have allot invested in winning and allot to lose if you don’t. This is especially true when you want to stop foreclosure. After months of grinding out negotiations with lenders on short sales something interesting begins to happen. You recognize the party on the other end of the transaction using the same tactics more than one time and you realise this is just a game for them. Yes the lenders have

Apr
05
2010
0

Zillow, Cyberhomes, and EAppraisal.com, Who to believe

Automated home valuation web sites offer the promise of a free market value for your home without the hassle of having an agent spend hours of your time during a free CMA presentation. I think they are great, and more than a little addictive once your start logging into the site and popping in the [...]

Mar
31
2010
0

Dealing with Under Water Mortgages

This is a subject I have been talking to my clients about allot over the past two years. If you owe more than your house is worth, how long will it take for you to get back to zero? By zero I mean your house is worth what you owe. First American CoreLogic asked the question: When will [...]

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Mar
29
2010
2

Barny Frank calls for principle write downs

Many of the loan modifications in process are running into challenges when the second mortgage holder is asked to cooperate. Homeowners trying to stop foreclosure in Maple Valley are having success with their first lien holders just to find out that the second mortgage holder is refusing to cooperate. House Financial Services Committee Chairman Barney Frank [...]

Mar
29
2010
3

Hot Short Sale, 7 day approval, 4.99% Financing


This is a very hot property in the Maple Valley area that I hope you are seeing just moments after I uploaded this. Why? Try a 2,720 square foot home on 2 1/2 acres in Ravensadale. 4 bedrooms, a den, downstairs master bedroom, and huge island kitchen that was built in 1992! This is a short sale, and I just talked to the lender who will offer special financing with just 5% down, no mortgage insurance premium, no appraisal, and just

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Mar
26
2010
0

Why Fly Coach When First Class is the Same Price!


Booking an airline flight is an exercise in the trade offs in value. For those who are value conscious they can fly stand by and get the least certainty of achieving their goal of arriving at their destination on time. In the middle of the value spectrum is coach where your seat is (relatively) assured, but

Mar
25
2010
0

Closed! Another Maple Valley Short Sale


This was one of the cutest homes I have sold in recent history. Definitly much better than the average short sale property. There was one loan, Chase Bank. We caught them in the middle of some major system changes as they took over Washington Mutual’s assets and could not seem to get anything right.

Mar
23
2010
4

What is a Short Sale Specialist?


Are you thinking of short selling your property? If so you have a very big decision ahead of you. Your property is literally on the line and the difference between getting your home sold and having it go to auction will determine whether you are able to buy a home in 2 years or will have to wait 4, 5, or more years. So how do you know ……

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Mar
22
2010
0

Paying Taxes on Short Sales and Foreclosures

Are you in a short sale or foreclsoure siutuation? One of the biggest concerns is whether or not you the IRS is going to come knocking after all is said and done, adding to the trama and distress. In December of 2007 George Bush signed the Mortgage Debt Foregiveness Relief act which helps most homeowners avoid paying taxes on the foregiven debt. This IRS handout is well written, produced by the IRS and explains who qualifies and how to apply for tax relief.

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