Archive for the 'Tips for Sellers' Category
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” […]
Commercial Outlook for 2010.
Commercial Outlook for 2010:
While there has been some progress over the past couple months that lenders say they are looking for commercial deals, that has not yet translated into more transactions… but is a good sign of things to come. There is still a gap between buyers and sellers, as far […]
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 […]
Property Management Q & A - Can a tenant break the lease?
Property Management q & a
Q: A tenant of mine was the victim of a “home invasion” break-in (it was a co-worker who was mad at him for some reason that broke in). He says he is breaking his lease (he is in the first month of a 12 month lease) and moving out. Does he […]
It’s Official! The tax credit & more…
It’s official!
Our voices in the real estate industry have been heard and we have reason to celebrate! On Wednesday this week, the Senate unanimously voted 98-0 to extend the first time home buyer tax credit. It passed overwhelmingly in the House on Thursday 403-12 and the President signed it into law yesterday (Friday).
Not only […]
Read More..>>How long does it take to buy a house today?
How long does it take to buy a house today?
This summer brought two monumental changes to the lending industry. First, the HVCC eliminated a mortgage broker’s or lender’s ability to deal directly with an appraiser. Second, the Regulation Z was modified effective July 30, 2009.
So, what does this mean and why should you care?
For the […]
New Appraisal Nightmare???
The article below was published in the Everett Herald, Sunday, June 21, 2009. Yes, the new appraisal rules can be challenging.. but just like everything else, I have no doubt this will eventually work itself out. For those buyers who are trying to buy now with a Conventional Loan.. hang in there.
New rules create an […]
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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