Archive for the 'Foreclosures & Short Sales' Category
HUD Takes Action to Speed Resale.
Hopefully, this will be great new for buyers, sellers & community values!
HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS
Measure to help bring stability to home values and accelerate sale of vacant properties
WASHINGTON - In an effort to stabilize home values and improve conditions in communities where foreclosure […]
Short Sale Scams Continue… at the bank level.
Below is a link to a story that was recently run on CNBC. This goes into a little more detail about how the short sale scams are continuing… only at the banking level… and it’s putting our homeowners in a very difficult situation. Frankly, this story is disgusting, yet something we are continuing to see […]
Read More..>>My property was misrepresented by the bank. Now what?
My property was misrepresented by the bank. Now what?
Question:
Seller is a bank. Transaction is in escrow, with the financing contingency deadline fast approaching–buyer’s inspection is done and settled. Seller agreed to take care of septic according to County requirements. Buyer just received the completed O&M. It states, “Meets requirements for system evaluation and permit compliance” […]
Treasury sets guidance to simplify “short sales”
Treasury sets guidance to simplify “short sales”
By Al Yoon Al Yoon – Mon Nov 30, 6:58 pm ET
NEW YORK (Reuters) – The U.S. Treasury on Monday set long-awaited guidance on a plan for mortgage companies to speed “short sales” of homes and other loan modification alternatives to stem a rising tide of foreclosures.
The Home Affordable […]
Tenant Occupancy & Foreclosure. How long can I stay?
Tenant Occupancy and Foreclosure. How long can I stay?
Question:
Are there new state and/or federal laws affecting tenant occupancy of rental property after a foreclosure sale?
Answer:
Yes. Both Washington State and the United States recently created new law addressing a tenant’s right to retain occupancy of housing after a foreclosure sale. The Washington law took […]
Foreclosures, Mortgages & Boundary Line Adjustments.. oh my!
Foreclosures, Mortgages & Boundary Line Adjustments.. oh my!
Here is a perfect example of why you should ensure all parties are on board for any legal or real estate transaction. If you have any questions about what you’re trying to accomplish, talk to an expert.
Question:
Property owner owned two adjoining lots. Each lot was separately mortgaged. […]
Filing Bankruptcy & Selling your Home?
Filing Bankruptcy & Selling your Home?
Below is today’s opinion from Annie Fitzsimmons, the attorney who answers questions for the Washington Association of REALTORS® Legal Hotline. If you or someone you know is facing a hardship with their property, please talk to an expert to determine the best way to proceed forward. For additional questions or information, […]
Are you involved in a Short Sale SCAM?
Are you involved in a Short Sale SCAM?
If you know me, you know that I rarely get so passionate about something that I need to spread the news… however, THIS is an exception and needs to be understood so you don’t get caught up in a Short Sale Scam!
The opinion below is from the Washington […]
Federal Laws, Tenant Occupancy & Foreclosures…
Here’s a great tidbit from the Washington Association of REALTORS® legal hotline regarding federal laws, tenants & foreclosures….
Question:
Are there new state and/or federal laws affecting tenant occupancy of rental property after a foreclosure sale?
Answer:
Yes. Both Washington State and the United States recently created new law addressing a tenant’s right to retain occupancy of housing […]
Deficiency Judgments, Foreclosures & Short Sales…
Here’s one of the more recent questions from the Washington Association of REALTORS® legal hotline. The deficiency judgment seems to be a hot topic again lately.. and another reason why you should seek an experienced agent for your short sale situation.
QUESTION:
When can a lender take a deficiency […]
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